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The Forex Gold is an MT5 expert advisor built only for gold (XAUUSD). It opens a market order when its entry logic signals, follows the move if price runs in its favour, and uses a hedging routine if price moves against the position.
Get one message the moment it launches, with its price.
The Forex Gold is an automated expert advisor for MetaTrader 5 that trades gold against the US dollar (XAUUSD) and nothing else. It looks for an entry moment, opens a market order, and then handles the trade with one of two routines depending on where price goes.
The EA combines two algorithms. The first scans XAUUSD for what it treats as a favourable entry point and places a market order when one appears. What happens next depends on price.
The system is fully automatic. After you attach it to a chart and allow automated trading, it opens and manages positions without further input.
The EA is built for XAUUSD only. Do not run it on forex pairs or other metals. The exact chart timeframe is not given here, so check the product page and confirm the behaviour in the MT5 Strategy Tester before using it on a live account.
The author recommends a broker with low spreads, fast execution and low commission, such as an ECN-style account. Gold spreads can widen sharply around news, which can affect any strategy that trades at market.
The input list is short. Check the values in the inputs tab of your own terminal, because defaults and extra options may differ between releases.
| Input | Purpose |
|---|---|
| Magic number | Identifies the EA's orders so they stay separate from other trades on the account. |
| Initial lot | Starting lot size of the algorithm. The author suggests about twice the minimum lot of the instrument. |
| Symbol names | Lets you enter your broker's own name for the instrument if it differs from the default, for example a suffix or prefix. |
Only change the symbol name if your broker uses a different one. Copy it exactly as it appears in Market Watch.
Hedging and averaging techniques can hold losing positions open for a long time, and a sustained move against the account can create large drawdowns. Check what protective limits the EA offers, and decide your own maximum exposure before going live. Minimum deposit is not stated here, so confirm a sensible balance for your broker's contract size and leverage during testing.
Trading carries risk, and you can lose some or all of your capital. Past results, including any backtest or demo, do not predict future ones. Test on a demo account first.
Run it on a demo account for a while before using real funds, and consider a VPS so the terminal stays connected.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor, .ex5) |
| Strategy focus | Gold or XAUUSD, Trend |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automatic |
| Market | Gold, XAUUSD only |
| Trade style | Trend following with a hedging recovery routine |
| Timeframes | Not specified here; confirm on the product page and in testing |
| Main inputs | Magic number, initial lot, broker symbol names |
| Broker type | Low spread, fast execution, low commission (ECN-style) |
| Hosting | A fast, stable VPS is advisable for continuous running |
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No. The EA is designed for gold only. Attach it to an XAUUSD chart and do not use it on other symbols.
Usually yes. The EA has a group of inputs for symbol names. If your broker uses a suffix or prefix, enter the exact name shown in your Market Watch window, then check that the EA trades correctly on a demo account first.
It is an MT5 expert advisor. It will not run on MetaTrader 4, so make sure your broker offers an MT5 account before buying.
The author suggests an initial lot of about twice the minimum lot of the instrument. Your own balance, leverage and risk tolerance matter more, so test on a demo account and size positions conservatively.
The EA runs continuously and relies on quick execution, so a reliable VPS close to your broker server is advisable. It is not mandatory, but a disconnected terminal cannot manage open trades.
No. The hedging routine is designed to manage adverse moves, but it cannot remove risk. Trading carries risk and past results do not predict future ones.
The Forex Gold
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