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Wif is an MT5 expert advisor for gold (XAUUSD) that runs nine breakout strategies on one chart using pending stop orders on both sides of the market. You choose a risk profile instead of tuning the engine.
Get one message the moment it launches, with its price.
Wif is an expert advisor for MetaTrader 5 that trades gold (XAUUSD) with nine separate breakout strategies running on one chart. Each strategy watches its own price levels, places pending stop orders on both sides of the market and manages its own trades.
Every strategy looks for key price levels on gold, using its own entry timeframe that ranges from daily structure down to intraday charts. It places a buy stop above the market and a sell stop below it. When price breaks a level, the matching order triggers and that strategy is in a trade, while the other strategies keep waiting for their own setups.
Every position opens with a stop-loss. After that the EA handles take-profit, a move to break-even and a built-in trailing stop. Pending orders that never trigger expire automatically, so stale orders do not pile up on the chart.
The strategy parameters are set inside the EA, so you choose how many strategies to run rather than tuning each one. The profiles available are:
| Profile | Strategies active |
|---|---|
| Ultra conservative | 4, 7, 9 |
| Conservative | 2, 5, 6, 7, 9 |
| Moderate | 1, 3, 4, 5, 6, 7, 9 |
| Manual select | Switch each strategy on or off yourself |
Running more strategies means more trades can be open at the same time, so start with a smaller profile and review how it behaves on your own account.
Wif is built for XAUUSD only. You can attach it to any chart timeframe because the strategies use internal working timeframes; H1 is suggested for readability. Raw or ECN accounts with low spreads are preferred, as pending orders on gold are sensitive to spread and slippage.
The exact input names and defaults can differ between builds, so check the input tab after attaching the EA. Confirm the recommended deposit and your broker's minimum lot size before going live.
Trading carries risk and you can lose money. Past results, including backtests and live signals, do not predict future ones. Test on a demo account first and use lot sizes and limits you are comfortable with.
| 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 | Expert advisor, fully automated |
| Market | Gold, XAUUSD |
| Chart timeframe | Any; H1 suggested for a tidy chart |
| Trade style | Breakout with pending stop orders |
| Money management | Fixed lot, balance-step lot or risk percent |
| Suggested account | Raw or ECN low-spread account; check deposit advice |
| Rating on MQL5 | 5.0 from 3 reviews |
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Attach it to a gold chart, normally XAUUSD, although your broker may add a suffix to the symbol name. The chart timeframe can be anything because the strategies use their own internal working timeframes. H1 is a sensible choice if you want a readable chart.
No. This product is an MT5 expert advisor and will not run on MetaTrader 4. Check that your broker offers MT5 and that gold is available on your account.
The entry logic of the nine strategies is fixed inside the EA. What you control is which strategies run, through a risk profile or manual selection, along with lot sizing, limits and the optional filters. Read the input list in the terminal after you attach it to see exactly what is offered.
No. Each position opens with a stop-loss and is not averaged down or doubled after a loss. Running several strategies at once does increase the total exposure you can have open, so size your lots with that in mind.
The tool can run on any account type, but low-spread Raw or ECN accounts usually suit breakout trading on gold better because of tighter spreads and fills. The vendor suggests a deposit well above a basic minimum, so confirm the recommended balance for your chosen profile and lot size, and test on a demo account first.
Yes, and you should. Run it on a demo account with your broker's gold symbol and the profile you plan to use. Results in the Strategy Tester or on demo do not predict live results.
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