Tetrarch Momentum

Tetrarch Momentum is a free Expert Advisor for gold (XAUUSD) on MetaTrader 5. It trades two trend strategies, intraday momentum and multi-day breakout, with one shared risk manager: every trade has a stop loss, there is a daily loss limit, and it never uses martingale, grid or averaging down.

How it trades

• Momentum: joins the start of fast intraday moves in gold. At 3 times the risk it locks in profit and trails the stop.
• Multi-day breakout: enters when price breaks the high or low of recent days, with a fixed target, and closes before the weekend.

Risk management

• Stop loss on every trade. No position is opened without one.
• Lot size calculated from the balance and the stop distance.
• Daily loss limit, plus an account guard that stops new entries if the whole account loses twice the limit.
• No martingale, no grid, no averaging down.
• Automatic detection of the broker's server time zone.

Setup in two steps

Drag the EA onto any XAUUSD chart and choose in the Inputs tab:

• Profile: Conservative, Standard (default), Aggressive or Prop firm account.
• Compounding: Off (default), Prudent or Maximum.

Optional phone alerts (MetaTrader push notifications) for every trade, the daily limit and connection problems.

Basic version

This is the basic version: two trend strategies, designed for markets with a clear trend. A complete version with more strategies is available among my other products.

Requirements

• MetaTrader 5, XAUUSD, hedging account. One chart per account; the timeframe does not matter.
• Minimum capital: USD 5,000 on a standard account, or about USD 100 on a cent account.
• Low spread on gold and a VPS so the EA runs without interruption.

Questions: write in the Comments tab or send me a private message.

Risk warning: trading gold CFDs with leverage carries a high risk and can result in the loss of all your capital. Past results, live or simulated, do not guarantee future results.