Supertrend G5 Pro

Supertrend G5 Pro is an expert advisor for MetaTrader 5 that trades gold (XAUUSD) using trend-following logic built around the Supertrend indicator. It bundles two separate strategies, a set of entry filters and a fairly wide range of risk controls, so you can choose how it behaves on your account.

How it works

The EA uses an ATR-based Supertrend to define the direction of the market and only looks for entries that agree with that trend. Because it waits for its conditions to line up, it may place no trades for long stretches, and that is expected behaviour rather than a fault.

Strategy 1: Supertrend

The first strategy is the original Supertrend logic. It adds confirmation from exponential moving averages on higher timeframes and optional technical filters. It is intended for XAUUSD on the M5 chart.

Strategy 2: Heiken Ashi and Supertrend

The second strategy combines Heiken Ashi candles with Supertrend and then checks Ichimoku, Bollinger Bands and an ATR percentage filter to judge both trend and volatility. It is intended for XAUUSD on the M15 chart.

Markets and timeframes

• Symbol: XAUUSD. Check how your broker names gold, since suffixes vary.
• Timeframes: M5 for the first strategy, M15 for the second.
• Account types: ECN, Raw or Standard accounts with competitive spreads work best for gold.

Risk management and position handling

• Daily loss limit and an absolute account loss limit, with trading paused automatically once a threshold is reached.
• Equity drawdown limit with a stop and optional trailing protection.
• Spread and volatility filters to avoid abnormal conditions.
• Limits on maximum lot per trade, number of concurrent orders and total lot volume.
• Fixed or ATR-based stop loss and take profit, break-even, trailing stop and an R-based trailing stop that moves the stop as profit reaches set multiples of initial risk.
• Optional lot growth with account size, compounding mode and step-based lot increases that reset when positions close.

Settings

Exact input names and defaults can differ between releases, so open the Inputs tab and read each parameter before you trade. The groups below describe what to expect.

The author suggests a starting balance of about 200 USD and notes that a balance above 500 USD gives more flexibility on gold. Leverage between 1:100 and 1:500 is suggested. Confirm margin requirements and minimum lot size with your broker before choosing lot settings.

Testing

Use the MT5 Strategy Tester on XAUUSD with your broker's own trading conditions. The 1 minute OHLC mode is faster, while Every tick based on real ticks gives a more detailed simulation. Look at drawdown and trade behaviour as well as the final balance, then run the EA on a demo account before using real funds.

Installation

1. In MT5, choose File > Open Data Folder and go to MQL5/Experts.
2. Copy the downloaded expert file into that folder.
3. Restart MT5 or refresh the Navigator panel.
4. Open an XAUUSD chart on the timeframe that matches your chosen strategy.
5. Drag the EA onto the chart, enable Algo Trading and allow automated trading in the properties window.
6. Load a preset or enter your own inputs, then check the smiley icon at the top right of the chart.

A VPS is suggested if you want the EA to run continuously.