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INFO
Working Specifications:
- Symbols: XAUUSD, GOLD (gold instruments only)
- Timeframe: H1 (1-hour)
- Minimum Deposit: $1,000 recommended ($5,000+ for deeper martingale levels)
- Leverage: 1:100 or higher recommended
- Account Type: Any (Hedging account preferred for MT5)
- Broker: ECN broker with tight gold spreads recommended
- VPS: Highly recommended for uninterrupted 24/5 operation
Core Features:
- Dual SMA channel breakout entries (SMA High + SMA Low) with configurable breakout distance
- Optional RSI momentum filter to block entries in overbought/oversold conditions
- Progressive martingale recovery with up to 10 levels and exponential lot scaling
- 7 individually configurable grid correction distance tiers
- Weighted-average take profit for martingale series closing
- Live News Filter with economic calendar integration
- Risk safeguards: Max Drawdown, Daily Loss limit, Max Orders, Max Lot, Spread filter
- Interactive on-chart dashboard with 5 one-click control buttons
STEP 1 - INSTALLATION
For MT5:
- Purchase Aquila Gold EA from the MQL5 Market
- The EA installs automatically into your MetaTrader 5 terminal
- Open the Navigator panel (Ctrl+N)
- Find "Aquila Gold EA" under Expert Advisors > Market
- Drag it onto an XAUUSD H1 chart
For MT4:
- Purchase Aquila Gold EA from the MQL5 Market
- The EA installs automatically into your MetaTrader 4 terminal
- Open the Navigator panel (Ctrl+N)
- Find "Aquila Gold EA" under Expert Advisors > Market
- Drag it onto an XAUUSD H1 chart
Important: Enable WebRequest for News Filter
The News Filter requires internet access to fetch the economic calendar.
MT4: Go to Tools > Options > Expert Advisors > Check "Allow WebRequest for listed URL" and add:
https://nfs.faireconomy.media
MT5: Go to Tools > Options > Expert Advisors > Check "Allow WebRequest for listed URL" and add:
https://nfs.faireconomy.media
Also make sure "Allow algorithmic trading" is enabled.
STEP 2 - ENTRY LOGIC (MA BREAKOUT + RSI)
Aquila Gold EA enters trades when price breaks out of a dual SMA channel, optionally confirmed by RSI. Both conditions must be met simultaneously on a closed bar.
SMA Channel Breakout
The EA maintains two simple moving averages on the configured timeframe:
| Parameter | Default | Description |
|---|---|---|
| InpMA_Period_High | 14 | SMA period applied to High prices |
| InpMA_Period_Low | 14 | SMA period applied to Low prices |
| InpMA_TF | H1 | Timeframe for MA calculation |
| InpBreakoutDistance | 100 | Breakout distance in points |
- BUY: Close price breaks above SMA(High) + BreakoutDistance
- SELL: Close price breaks below SMA(Low) - BreakoutDistance
The EA uses confirmed (closed) bar data to prevent false signals and requires a fresh breakout from a prior non-breakout state to avoid re-entry into existing moves.
RSI Momentum Filter
| Parameter | Default | Description |
|---|---|---|
| InpUseRSI | true | Enable/disable RSI filter |
| InpRSI_Period | 14 | RSI calculation period |
| InpRSI_Overbought | 70 | Blocks BUY entries when RSI above this level |
| InpRSI_Oversold | 30 | Blocks SELL entries when RSI below this level |
Set InpUseRSI = false to trade pure breakouts without RSI confirmation (not recommended - increases false signal rate).
STEP 3 - MARTINGALE RECOVERY
When a trade moves against the position, the EA opens additional orders at progressively wider distances to average down the entry price. The full series is closed on weighted-average take profit.
Core Martingale Settings
| Parameter | Default | Description |
|---|---|---|
| InpUseMartingale | true | Enable martingale recovery |
| InpLotMultiplier | 2.0 | Lot multiplier per recovery level |
| InpMaxMartLevels | 10 | Maximum recovery levels per series |
| InpMaxLots | 100.0 | Hard cap on per-order lot size |
Lot Progression Example (InpInitialLots = 0.01, InpLotMultiplier = 2.0)
| Level | Calculation | Lot Size |
|---|---|---|
| 1 (initial) | 0.01 × 2^0 | 0.01 |
| 2 | 0.01 × 2^1 | 0.02 |
| 3 | 0.01 × 2^2 | 0.04 |
| 4 | 0.01 × 2^3 | 0.08 |
| 5 | 0.01 × 2^4 | 0.16 |
| 6 | 0.01 × 2^5 | 0.32 |
| 7 | 0.01 × 2^6 | 0.64 |
| 8 | 0.01 × 2^7 | 1.28 |
| 9 | 0.01 × 2^8 | 2.56 |
| 10 | 0.01 × 2^9 | 5.12 |
All lots are rounded to broker's lot step and capped by InpMaxLots .
Conservative alternative: Set InpLotMultiplier = 1.5 for a gentler progression - level 10 becomes 0.38 lot instead of 5.12 lot.
STEP 4 - GRID DISTANCE TIERS
Unlike fixed-distance grids, Aquila Gold uses 7 individually configurable distance tiers. Each martingale correction can be placed at a different distance from the previous entry, letting you widen the grid progressively to slow capital commitment during deep drawdowns.
| Parameter | Default | Description |
|---|---|---|
| InpCorrDist1 | 100 | Distance to level 1 correction (points) |
| InpCorrDist2 | 200 | Distance to level 2 correction (points) |
| InpCorrDist3 | 300 | Distance to level 3 correction (points) |
| InpCorrDist4 | 400 | Distance to level 4 correction (points) |
| InpCorrDist5 | 500 | Distance to level 5 correction (points) |
| InpCorrDist6 | 600 | Distance to level 6 correction (points) |
| InpCorrDist7 | 700 | Distance to level 7 correction (points) |
How It Works
After the initial order opens, the EA waits for price to move against it by InpCorrDist1 points, then opens the level 1 correction. After level 1, it waits another InpCorrDist2 points for level 2, and so on.
Default grid footprint (from initial entry):
| Correction Level | Cumulative Distance |
|---|---|
| Level 1 | 100 pts |
| Level 2 | 300 pts |
| Level 3 | 600 pts |
| Level 4 | 1000 pts |
| Level 5 | 1500 pts |
| Level 6 | 2100 pts |
| Level 7 | 2800 pts |
Tuning for volatility: Widen all distances proportionally for high-volatility conditions (e.g., double them during NFP week). Narrow them for ranging markets. The widening pattern (each level larger than the previous) is the key design principle - keep it monotonic.
Note: Corrections beyond level 7 (levels 8-10) reuse InpCorrDist7 as the spacing.
STEP 5 - TAKE PROFIT (WEIGHTED AVERAGE)
Aquila Gold uses two take profit modes that operate at different points in the cycle.
Single-Order TP
| Parameter | Default | Description |
|---|---|---|
| InpTakeProfit | 100 | Take profit in points (applied to the initial order when no grid is active) |
When only the initial order is open (no corrections), the EA targets this fixed distance from the entry price.
Weighted-Average Martingale TP
| Parameter | Default | Description |
|---|---|---|
| InpMartingaleTP | 10 | Martingale TP distance from the weighted average entry price (points) |
Once a martingale series is active (one or more corrections added), the EA calculates the volume-weighted average entry price across all orders in the series, then closes the entire series when price reaches weighted average + InpMartingaleTP (buy) or weighted average - InpMartingaleTP (sell).
Why this is efficient: As lot sizes grow exponentially through the martingale levels, the weighted average shifts heavily toward the most recent (largest) orders. A small retracement from the deepest correction is enough to close the whole series in profit - no need for price to reverse to the original entry level.
STEP 6 - RISK MANAGEMENT
| Parameter | Default | Description |
|---|---|---|
| InpMaxDDPercent | 50.0 | Max equity drawdown % before emergency close (0 = disabled) |
| InpDailyLossPercent | 0.0 | Max daily loss % before trading stops (0 = disabled) |
| InpCloseOnDD | true | Close all positions when Max DD is hit |
| InpMaxOrders | 20 | Hard cap on total open orders (buy + sell) |
| InpMaxSpread | 50 | Blocks new entries when spread exceeds this (points) |
Recommended Settings by Risk Profile
| Profile | Max DD | Daily Loss | Max Orders | Lot Multiplier |
|---|---|---|---|---|
| Conservative | 30% | 5% | 10 | 1.5 |
| Balanced (default) | 50% | 0% (disabled) | 20 | 2.0 |
| Aggressive | 70% | 0% | 20 | 2.0 |
Important: Setting InpMaxDDPercent = 0 disables the drawdown safeguard entirely. Always set a non-zero value on live accounts.
STEP 7 - TIME FILTER
Optional hour-based trading window to restrict entries to specific sessions.
| Parameter | Default | Description |
|---|---|---|
| InpUseTimeFilter | false | Enable hour-based trading window |
| InpStartHour | 2 | Trading start hour (server time, 0-23) |
| InpEndHour | 22 | Trading end hour (server time, 0-23) |
When enabled, the EA only opens new initial entries within the window. Existing martingale series continue to manage corrections and exits regardless of the hour - the filter only affects fresh cycle starts.
Use case: Avoid Asian session liquidity lows on gold by setting Start = 7 and End = 21 (server time).
STEP 8 - NEWS FILTER CONFIGURATION
Activation
Set InpUseNewsFilter = true to enable live economic calendar filtering.
How It Works
- The EA fetches the weekly economic calendar from the FairEconomy API every few hours
- It filters events by currency and impact level
- Trading pauses before and resumes after each matching event
- If the API is unavailable, a built-in fallback detects major events (NFP, FOMC, CPI, GDP, ECB Rate)
Timing
| Parameter | Default | Description |
|---|---|---|
| InpNewsBeforeMins | 50 | Stop trading X minutes before event |
| InpNewsAfterMins | 30 | Resume trading X minutes after event |
| InpNewsCurrencies | "USD" | Comma-separated currencies to filter (e.g., "USD,EUR,GBP") |
Impact Levels
| Parameter | Default | Description |
|---|---|---|
| InpHighImpact | true | Filter high-impact events (NFP, FOMC, CPI) |
| InpMedImpact | false | Filter medium-impact events |
| InpLowImpact | false | Filter low-impact events |
News Display on Chart
| Parameter | Default | Description |
|---|---|---|
| InpShowNewsLines | true | Show vertical lines at event times |
| InpShowNewsText | true | Show event name text labels |
| InpNewsDisplayCount | 5 | Number of upcoming events to display |
| InpClrHighNews | clrRed | High impact line/text color |
| InpClrMedNews | clrOrange | Medium impact line/text color |
| InpClrLowNews | clrYellow | Low impact line/text color |
WebRequest Setup (REQUIRED)
You MUST add the news URL to your platform's allowed list:
MT4/MT5: Tools > Options > Expert Advisors > Allow WebRequest for listed URL > Add:
https://nfs.faireconomy.media
Without this step, the news filter will use only the built-in fallback calendar covering NFP, FOMC, CPI, GDP, and ECB Rate decisions.
Gold-specific note: Because XAUUSD is highly sensitive to USD-denominated news, the default currency filter is USD . Add other currencies only if you want wider pauses.
STEP 9 - GENERAL SETTINGS
| Parameter | Default | Description |
|---|---|---|
| InpInitialLots | 0.01 | Initial lot size for the first order in a cycle |
| InpTakeProfit | 100 | Fixed TP for the initial order (points) |
| InpMartingaleTP | 10 | Martingale series TP from weighted average (points) |
| InpMaxSpread | 50 | Max spread filter (points) |
| InpMaxOrders | 20 | Hard cap on total open orders |
| InpMagicNumber | 20250407 | Unique EA identifier for order management |
| InpEAComment | "AquilaGold" | Comment text attached to all orders |
Important: If running multiple instances of Aquila Gold on the same account (e.g., one on XAUUSD and one on GOLD.m), each instance MUST have a unique Magic Number to prevent order conflicts.
DASHBOARD
Once running, the EA displays a real-time info panel on your chart showing:
- Symbol, timeframe, current spread, server time
- Account balance, equity, free margin, floating P/L
- Buy series: order count, weighted average entry, current drawdown
- Sell series: order count, weighted average entry, current drawdown
- Current signal readings: SMA(High), SMA(Low), RSI
- News filter status and countdown to next filtered event
- Trade ON/OFF status
Interactive Control Buttons
The panel includes 5 clickable buttons for one-click order management:
| Button | Action |
|---|---|
| Trade ON / Trade OFF | Toggles new entries on/off. Existing positions continue to be managed. |
| Close All | Immediately closes every position managed by this EA instance (by Magic Number). |
| Close Buy | Closes all buy positions (entire buy series). |
| Close Sell | Closes all sell positions (entire sell series). |
| Del Pending | Deletes all pending orders for this EA instance. |
Panel Customization
| Parameter | Default | Description |
|---|---|---|
| InpDrawPanel | true | Enable/disable panel display |
| InpPanelX | 10 | Panel X position (pixels from top-left) |
| InpPanelY | 25 | Panel Y position (pixels from top-left) |
| InpPanelBgColor | dark navy | Panel background color |
| InpPanelBorderColor | dark gray | Panel border color |
| InpPanelTextColor | light gray | Panel text color |
| InpPanelHeaderColor | sky blue | Panel header color |
| InpFont | Consolas | Panel font name |
| InpFontSize | 9 | Panel font size |
Set InpDrawPanel = false to hide the panel (reduces CPU usage on VPS).
RECOMMENDED SETTINGS FOR BEGINNERS
If you are new to Aquila Gold EA, use these conservative settings:
- InpInitialLots = 0.01 (start small - martingale grows quickly)
- InpLotMultiplier = 1.5 (gentler than the default 2.0)
- InpMaxMartLevels = 5 (cap grid depth until you understand the behavior)
- InpMaxDDPercent = 30.0 (tight drawdown safety net)
- InpUseRSI = true (keep the RSI filter on - reduces false signals)
- InpUseNewsFilter = true (essential for gold on high-impact USD events)
- Start on Demo (test for at least 2-4 weeks before going live)
IMPORTANT NOTES
-
Gold only: Aquila Gold is designed exclusively for XAUUSD / GOLD. Do not run it on forex pairs - the breakout distance, grid tiers, and TP distances are all calibrated for gold's point value and volatility.
-
H1 timeframe: The EA is designed for H1. Running it on lower timeframes will produce far more signals and dramatically change the risk profile - not recommended without re-tuning every parameter.
-
Martingale Risk: Grid recovery with martingale increases exposure exponentially. At default settings (2.0x multiplier, 10 levels), level 10 is 512x the initial lot size. Always test on demo first and use InpMaxLots + InpMaxMartLevels + InpMaxDDPercent to cap risk.
-
Hedging vs Netting (MT5): On MT5 netting accounts, only one direction can be open at a time - the EA will only manage one series per cycle. Hedging accounts are preferred.
-
Broker: Choose an ECN broker with tight gold spreads (under 50 points). Wide spreads will trigger the MaxSpread filter and prevent trading, and will eat into the small Martingale TP distance.
-
VPS: For best results, run on a VPS located close to your broker's server. H1 operation tolerates brief disconnections better than M1 scalpers, but grid management requires the EA to be running when corrections trigger.
-
WebRequest: The news filter REQUIRES the WebRequest URL to be added in platform settings. Without it, only the pattern-based fallback works (NFP, FOMC, CPI, GDP, ECB only).
-
Unique Magic Numbers: Multiple Aquila Gold instances on the same account (e.g., XAUUSD + GOLD.m symbols) must each have a unique InpMagicNumber to prevent order conflicts.
CONTACT & SUPPORT
- Email: info@forexobroker.com
- Questions: Use the Comments section on the product page or send a private message
- Bug Reports: Please include your broker name, account type, and a screenshot of the Experts tab log
-
✅ All MQL Tools: https://www.mql5.com/en/users/forexobroker/ ✅
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