
The Gold Space is an MetaTrader 5 expert advisor for XAUUSD that places breakout pending orders with fixed stop loss and take profit, news and spread filters, and optional percentage-risk lot sizing.
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The Gold Space is an expert advisor for MetaTrader 5 that trades breakouts on XAUUSD. It works out entry levels from recent market structure, places pending stop orders only when those levels are confirmed, and manages each trade with a fixed stop loss and take profit.
The EA calculates its breakout levels internally first. A pending order is sent to the broker only once a level is confirmed, and it is cancelled and replaced only if the level itself moves. This keeps the number of order modifications on your account low.
Every order carries a stop loss and take profit from the moment it is placed. Trailing can run in an automatic mode with break-even and profit lock, or in a classic manual mode with an adjustable distance.
The EA is built for XAUUSD only. H1 is the timeframe most often suggested as a starting point, and the inputs allow other timeframes to be used. Whatever you choose, run it through the Strategy Tester and a demo account first, using your own broker's data and spreads.
Exact defaults can differ between releases, so read the input list in the EA's properties window and confirm each value before trading. The main groups are:
| Group | What to check |
|---|---|
| Lot sizing | Fixed lot or AutoLot, risk percentage based on balance, equity or the lower of the two, optional maximum lot |
| Stops and targets | Stop loss and take profit distances, trailing mode and trailing distance |
| Filters | News, holiday and blackout windows, spread limit |
| Risk limits | Daily drawdown limit and total risk cap |
| Layers | M30 layer, additional breakout layer, re-arm after pullback |
Lot sizes are reduced automatically when free margin is insufficient. An on-chart panel shows balance, equity, floating profit or loss, open trades, daily profit, win rate and current spread.
Trading gold carries significant risk, and leveraged losses can exceed what you expect. Backtests and live signals describe the past only, and past results do not predict future ones. Start with a small fixed lot on a demo account and trade only with money you can afford to lose.
A VPS is advisable for continuous operation, and a hedging account with low, stable spreads and fast execution suits this style of trading.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Signals, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Automated trading, breakout system |
| Symbol | XAUUSD (gold) only |
| Timeframes | Designed around H1; other timeframes can be configured and should be tested |
| Trade style | Pending stop orders at breakout levels, fixed SL and TP, optional trailing |
| Account type | Hedging account with raw or ECN spread is recommended |
| Money management | Fixed lot or AutoLot (risk % of balance or equity), optional lot cap |
| Recommended setup | VPS for continuous 24/5 operation; test on demo first |
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This listing is the MetaTrader 5 build and will only run in MT5. An MT4 build is a separate file, so do not try to load this one into MT4.
It is made for XAUUSD only. The H1 chart is the usual starting point, and other timeframes can be configured through the inputs. Test any change in the Strategy Tester and on a demo account before going live.
A broker offering XAUUSD with low spreads and fast execution suits a breakout system, so raw or ECN accounts are generally preferred. The EA is written to cope with both 2-digit and 3-digit gold quotes. Check your broker's gold contract size, stop level and spread before trading.
Extract the downloaded archive, copy the EX5 file into the MQL5/Experts folder via File > Open Data Folder in MetaTrader 5, then restart the terminal or refresh the Navigator. Open an XAUUSD chart, drag the EA onto it and enable Algo Trading.
There is no single safe figure. It depends on your broker's leverage, the lot size and the stop distance you choose. Use the AutoLot or fixed lot settings conservatively and check the margin required on a demo account first.
No. Backtests and live signals show only what happened in the past. Trading gold carries significant risk, and you should only trade with money you can afford to lose.
The Gold Space
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