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Relay is a fully automated MetaTrader 5 expert advisor for gold (XAUUSD). It uses three trading engines, puts a stop loss on every order, and includes a news filter, a dashboard and a prop firm mode.
Get one message the moment it launches, with its price.
Relay is an automated expert advisor for MetaTrader 5 that trades gold (XAUUSD). It opens, manages and closes its own positions, so you attach it to one chart and set the risk inputs that match your account.
Relay does not treat every market phase the same way. It measures the current condition of gold and lets one of three engines act, depending on what it finds.
BOLT and COVE can each be switched off in the inputs. Stop distances follow the volatility the market is showing, wider when it is active and tighter when it is calm. Every order is sent with a stop loss attached. The EA is described as holding one trend position at a time and at most two positions in total.
Relay is built for XAUUSD only. Use the symbol name your broker gives gold. The chart timeframe is not important because the EA reads the timeframes it needs itself. A raw-spread or ECN account with a low gold spread is recommended, and the account must be a hedging account.
Lot size is set through risk profiles, each defined as the balance needed per 0.01 lot, plus a custom option. The profile you choose has a large effect on risk, and the default profile is a high-risk one, so review it before going live. A trade that would risk more than your set percentage of the balance is skipped rather than shrunk.
Daily and weekly loss brakes stop new entries after a bad run and release in the following period. A run of consecutive losses triggers a pause, and positions are closed before the weekend so nothing is held through the Sunday gap.
One switch moves sizing to a percentage of balance, limits the EA to one position and forces the news filter on. You then enter your firm's daily limit, total limit, whether the total trails the equity peak, how the daily figure is measured and any hour shift for a different daily reset.
| Area | What to check |
|---|---|
| Risk profile | Balance per 0.01 lot, or a custom value |
| Engines | BOLT and COVE can be turned on or off |
| Prop firm mode | Daily limit, total limit, trailing rule, reset hour |
| News filter | Currencies, impact level, minutes before and after, close before event |
| Logging | Optional detailed log of signals and lot calculations |
The news filter uses the built-in MetaTrader 5 calendar and makes no internet requests. It is available only on live or demo charts, not in the Strategy Tester. Check the input dialog for the exact default values on your copy.
A dashboard shows the market condition, the open trade, results for the day, month and all time, the win rate, the loss brake status and the next lot step. In prop mode it also shows the remaining daily and total loss room. The last ten trades are listed with the reason each one ended.
Trading carries risk, and you can lose some or all of your deposit. Past results, including backtests, do not predict future ones. Test on a demo account first and only trade with money you can afford to lose.
A VPS located close to your broker's server is recommended so the EA stays connected and runs without interruption.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (hedging account required) |
| Strategy focus | Gold or XAUUSD, Signals, Trend, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Symbol | XAUUSD (gold), under your broker's symbol name |
| Chart timeframe | Any; the EA reads the timeframes it needs itself |
| Trade style | Trend following plus fast and quiet-market engines |
| Minimum balance | 500 USD; 1,000 USD recommended |
| Account and broker | USD account, 1:500 leverage, raw-spread or ECN gold |
| Dependencies | None: no DLLs, no web requests; VPS recommended |
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No. This is an MT5 expert advisor and needs MetaTrader 5. It also needs an account with hedging enabled, so check your account type with your broker before you buy.
Attach it to a single XAUUSD chart, using whatever name your broker gives gold. The chart timeframe does not matter, because the EA reads the timeframes it needs on its own.
The stated minimum balance is 500 USD, with 1,000 USD recommended. Risk profiles are expressed as an account balance per 0.01 lot and the amounts are in your account currency, so check the input dialog and choose a profile that suits your own tolerance for loss.
It is described as holding one trend position at a time, with at most two positions in total, and without averaging down or a recovery multiplier. Review the inputs and the dashboard on a demo account to confirm how it behaves with your broker.
It has a built-in prop firm mode in which you enter your firm's daily limit, total limit and drawdown rules. Rules differ between firms, so compare them carefully with the inputs and test on a demo account first. Using the mode does not remove the risk of breaching a limit.
No. The filter reads the MetaTrader 5 economic calendar, which is not available in the Strategy Tester, so a backtest runs without it. Live behaviour around news can therefore differ from tester results.
Relay
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