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Squid X is an MT5 expert advisor built for gold (XAUUSD) on the H1 chart. It combines price action, trendlines, Fibonacci retracements and EMA filters with spread and slippage checks and a choice of fixed lot or percentage risk sizing.
Get one message the moment it launches, with its price.
Squid X is an expert advisor for MetaTrader 5 that trades gold against the US dollar (XAUUSD). It reads market structure on the H1 chart and opens trades automatically, with filters meant to keep it out of the market when trading conditions are poor.
The EA looks at several common technical tools together rather than relying on a single signal. According to the developer, it studies price action, trendlines, Fibonacci retracement levels and exponential moving averages (EMA) to decide when an entry looks favourable. In practice this places it in the trend and pullback family of strategies: it tries to join a move after a retracement rather than predict reversals.
Squid X includes a recovery mechanism intended to deal with volatile periods. Recovery approaches usually work by adjusting how follow-up positions are handled after a losing trade, which can increase exposure. Study how it behaves in the strategy tester and on a demo account, and check how it affects your maximum drawdown, before you let it run on real money.
The EA is designed for XAUUSD on the H1 timeframe. It is not described as a multi-symbol tool, so running it on other instruments or timeframes is outside its intended use. The developer says any broker can be used, although brokers with low spreads and fast execution are preferred because gold spreads directly affect this kind of strategy.
Exact input names and default values can differ between releases, so open the Inputs tab after attaching the EA and read each description. The main areas to look at are:
| Area | What to check |
|---|---|
| Lot sizing | Choose a fixed lot or a risk percentage per trade |
| Spread filter | Maximum spread allowed, compared with your broker's typical gold spread |
| Slippage | Maximum deviation accepted on order execution |
| Recovery mode | Whether it is on by default, and how it changes position size |
Gold is a volatile instrument, and leverage can magnify both gains and losses. The developer suggests around 100 USD for a 0.01 lot, but you should confirm margin requirements with your own broker and keep a buffer for drawdowns.
Trading carries a high level of risk and may not suit every investor. Past results, including backtests and reviews, do not predict future ones. Test on a demo account before using real funds.
For continuous operation, consider running the terminal on a low latency VPS.
| Product type | Expert advisor (automated trading) |
|---|---|
| Platform | MetaTrader 5 |
| Strategy focus | Gold or XAUUSD, Trend |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Recommended symbol | XAUUSD (gold) |
| Recommended timeframe | H1 |
| Trade style | Trend and price action, with an optional recovery mode |
| Position sizing | Fixed lot or risk percentage per trade |
| Protection | Spread filter and slippage protection |
| Broker and VPS | Any broker; low spread, low latency and a VPS are advised |
No reviews yet. Customers who own Squid X can review it here.
The developer recommends XAUUSD on the H1 chart. Gold symbols can carry suffixes at some brokers, so confirm the exact symbol name in your Market Watch and attach the EA to that chart.
No. Squid X is an MetaTrader 5 expert advisor and will not run on MetaTrader 4. Make sure your broker offers an MT5 account before buying.
The developer suggests about 100 USD for a 0.01 lot, but this is only a guide. Gold can move sharply, so check your broker's margin requirements, leverage and contract size, and test on a demo account first.
The default inputs are intended to be usable straight away, but you should review the lot size or risk percentage so it matches your account size and your tolerance for drawdown. Check the input descriptions in the EA's properties window.
It is not mandatory, but an EA only trades while MetaTrader is running and connected. A low latency VPS keeps it online and can help with execution speed.
The developer describes it as suitable for prop firm challenges, but each firm has its own rules on drawdown, news trading and recovery-style position handling. Read your firm's rules and test on a demo account before using it.
Squid X
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