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Saltwater Silver is an MT5 expert advisor built for XAGUSD on the H1 chart. It filters each signal through spread, exposure, daily and account checks before placing an order, and it draws its decisions on the chart.
Get one message the moment it launches, with its price.
Saltwater Silver is an expert advisor for MetaTrader 5 that trades silver against the US dollar (XAGUSD) on the one-hour chart. It combines signal logic with a set of protection checks, so every proposed trade has to pass several gates before an order is sent.
On each tick the EA refreshes its protection state and dashboard figures and checks whether any critical limit has been reached. When a new H1 bar opens, it runs a fuller update: it confirms the chart is inside the configured trading session, collects signals from its strategy logic, applies the protection gates and passes valid orders to its execution routine.
Each signal carries a direction, whether it opens or closes a position, a stop loss distance, a take profit distance, trailing behaviour and whether an opposite signal should close and reverse an open trade. Stop levels are calculated from current prices and are widened when the broker's minimum stop distance requires it.
Orders are pre-checked, and the EA can work out which fill mode your broker accepts among IOC, FOK, RETURN and BOC. A limited retry loop deals with temporary problems such as requotes, price changes, timeouts and connection drops. An optional news filter can pause new entries around selected medium- and high-impact events.
If trailing is used by the strategy, it follows the high or low of the previous bar. The stop only moves in the direction that protects profit and never moves backward.
The EA is intended for XAGUSD on H1. Other symbols or timeframes are not recommended and may behave differently from the intended setup. Silver can be volatile and spreads may widen around news or at rollover, so check your broker's typical spread and trading hours.
The EA includes a dashboard showing equity, balance, floating profit and loss, open positions and volume, an equity curve with drawdown from peak, recent performance windows and a per-position breakdown. It can also draw signal arrows and projections showing entry, stop loss and take profit zones.
Exact input names and defaults can differ, so open the Inputs tab and read each option before running live. The areas below are the ones to check.
| Area | What to check |
|---|---|
| Lot size | Match it to your balance and the contract size of silver at your broker |
| Spread limit | Set a maximum that suits your broker's normal conditions |
| Position and lot caps | Limit the number of open trades and total exposure |
| Daily and account protection | Choose loss or drawdown thresholds you accept |
| Trading session | Confirm hours in broker server time |
| News filter | Enable it and select the impact levels if wanted |
Trading leveraged products such as silver carries a high level of risk, and past results do not predict future ones. Protection settings reduce exposure but cannot remove the possibility of loss. Test on a demo account first and trade only with money you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Signals |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, signal-based portfolio logic |
| Symbol | XAGUSD (silver against US dollar) |
| Timeframe | H1 only |
| Trade style | Automated, new-bar evaluation with stops and optional trailing |
| Protections | Entry, daily and account level limits |
| Requirements | Hedging or netting account with XAGUSD available; check your broker's symbol name |
| Minimum deposit | Not stated; check settings and your broker's contract size |
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Attach it to an XAGUSD chart set to H1. It is designed for that pairing only, and running it on other symbols or timeframes may produce behaviour that differs from what it was built for.
No. This version is an MT5 expert advisor and will not run on MT4. You need MetaTrader 5 and a broker that offers silver quoted as XAGUSD or a close variant.
Many brokers add suffixes or use a different code. Open the Market Watch window in MT5, find the silver symbol, and open a chart of it on H1. Check the EA's inputs for any symbol-related options and test on a demo account first to confirm it trades as expected.
When a spread limit, position cap, lot ceiling, daily or account protection, or the news filter blocks an entry, the reason can be reviewed in the Experts and Journal tabs of the terminal.
It is an optional setting. Check the inputs to see whether it is enabled, and confirm which event impact levels it covers. Availability can depend on your terminal and account type.
No. Trading carries risk, and past results do not predict future ones. Test on a demo account and size positions to a loss you can accept.
Saltwater Silver
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