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SmartBid is an MT5 expert advisor for gold (XAUUSD) on the M10 chart. It uses a neural network model for entries and exits, with risk levels, a spread filter, a hard equity stop and a recovery module for drawdowns.
Get one message the moment it launches, with its price.
SmartBid is an expert advisor for MetaTrader 5 that trades gold (XAUUSD) on the M10 chart. It uses a neural network model to time entries and exits, and adds account-level risk controls and a recovery module for handling drawdowns.
The EA runs on its own once it is attached to a chart. Its entry and exit decisions come from a neural network model that reads current market conditions. The internal details of the model are not published, so judge it by how it behaves in testing rather than by the label. The product is tagged for gold and for support and resistance style market structure.
Alongside the entry logic there are several controls that decide when and how it may trade:
Recovery methods in general can raise exposure while an account is in drawdown, which can make losses larger if the market keeps moving against the position. That is why the hard stop percentage matters. Set it to the maximum drawdown you could tolerate, and check in the Strategy Tester and on demo how the EA behaves as it nears that level.
SmartBid is made for XAUUSD on M10. Brokers name gold differently and some add suffixes, so confirm the exact symbol in your Market Watch. Spreads, swaps, contract size and trading hours vary between brokers and strongly affect a gold strategy, so test on the account type you plan to use.
The exact default values are not listed here, so read them in the inputs tab after loading the EA. The main groups are:
| Setting | Purpose |
|---|---|
| Risk level | Selects the low or high risk preset |
| Maximum spread | Stops new trades when the spread is too wide |
| Hard stop percentage | Account-level drawdown limit that works with the recovery module |
| Stop loss level | Absolute stop loss in points |
| Trading hours | Time windows for each weekday, for example 02:00 to 22:30 |
| Magic number | Separates this EA's orders from other trades |
| Trade comment | Optionally adds the EA name to each order comment |
Server time differs between brokers, so check that your trading windows match your broker's clock.
Trading carries risk, and past results do not predict future ones. Automated systems can lose money, and a recovery module can increase exposure during a drawdown. Test on a demo account first and only trade amounts you can afford to lose.
Run it on a demo account for a while before going live, so you can adjust the settings to your own risk tolerance and see how it deals with your broker's spreads and execution.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Automated trading, neural network based |
| Main market | Gold, XAUUSD |
| Intended timeframe | M10 |
| Trade style | Automated entries and exits with a recovery module |
| Risk controls | Risk level, max spread, hard stop %, stop loss in points |
| Scheduling | Custom trading hours for each weekday |
| Requirements | Algo trading enabled; a broker offering XAUUSD on MT5 |
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No. This listing is an MT5 expert advisor and needs MetaTrader 5. It will not load in MT4.
It is designed for gold, XAUUSD, on the M10 chart. Some brokers add a suffix or use a different name for gold, such as XAUUSD.m, so check your Market Watch and attach the EA to the matching symbol.
No minimum deposit is given with this product, so do not rely on a fixed figure. Test the chosen risk level on a demo account or in the Strategy Tester, look at the drawdown and lot sizes it produces, and compare them with your balance and your broker's margin and lot rules.
It is an account-level limit on drawdown rather than a stop loss on one trade. It is meant to work together with the recovery module, so set it to the largest drawdown you could actually accept, and test how the EA behaves when it is reached.
Yes. Give SmartBid its own magic number so its orders are kept separate from those of other EAs or manual trades. The trade comment option can also show the EA name in your history.
Copy the EA file into the MQL5/Experts folder via File > Open Data Folder in MT5, restart the terminal or refresh the Navigator, then drag SmartBid onto an XAUUSD M10 chart and allow algorithmic trading.
SmartBid
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