Goldex Unlimited

3.5

Goldex Unlimited Portfolio for XAUUSD H1

Goldex Unlimited Portfolio is a professional MetaTrader 5 Expert Advisor for XAUUSD on the H1 timeframe, running on the Expert Advisor HQ universal portfolio framework.

It is designed for structured automated trading on XAUUSD H1, with clear on-chart feedback for entries, exits, protections, and live performance so you always see how the EA is operating in real time.

Overview

Goldex Unlimited Portfolio combines its strategy logic for gold with the Expert Advisor HQ execution and protection engine. The objective is not only to identify trade setups, but to pass each trade through a disciplined pipeline for filtering, execution, risk control, and monitoring across the full position lifecycle.

The framework provides layered entry, daily, and account protections, automatic broker fill-type negotiation, a retry engine for transient execution issues, an integrated news filter based on the MetaTrader 5 economic calendar, and a TradingView-style analytics dashboard. Together, these components create a transparent and controlled operating environment for XAUUSD trading.

Recommended Market

Symbol: XAUUSD
Timeframe: H1

This product is intended for the XAUUSD chart on the H1 timeframe. Running the EA on other symbols or timeframes is not recommended and may lead to behavior and results that differ from the validated deployment.

How the EA works

Goldex Unlimited Portfolio operates through a structured pipeline. On every tick, the EA updates protection state, refreshes key dashboard metrics, and checks whether any critical limits have been reached. On each new bar, it performs a full analytics update, verifies that the chart is within the configured trading session, gathers strategy signals, applies all protection gates, and routes valid orders to the execution engine.

Before an order is sent, the EA can evaluate spread conditions, maximum allowed open positions, total open lots, daily protection status, account protection status, and the state of the news filter. If any condition blocks the entry, the trade is cancelled and the reason can be reviewed in the terminal journal, so “no trade” situations are explainable rather than opaque.

Main framework features

Goldex Unlimited Portfolio uses a three-layer protection architecture. Entry protections can prevent new positions when spread is higher than the configured limit, when the maximum number of positions has already been reached, or when the lot exposure ceiling has been hit. Daily protections can close positions and suspend new entries after a specified daily loss or daily drawdown threshold is reached, and account protections can close positions and remove the EA from the chart after a critical equity event so you can review conditions before restarting.

The execution engine is designed to adapt to different broker environments. Orders are pre-checked, and the EA can automatically negotiate the appropriate fill mode across IOC, FOK, RETURN, and BOC. A bounded retry loop handles transient issues such as requotes, price changes, timeouts, and connectivity interruptions, helping to stabilize order placement without constant manual intervention.

The integrated news filter uses the MetaTrader 5 economic calendar to pause new entries around selected medium- and high-impact events. When enabled on a live or demo account, this can help keep the strategy out of scheduled news releases that may affect XAUUSD volatility.

Trade management

The EA manages positions through a structured signal model. Each signal defines direction, whether it is an entry or exit, stop loss distance, take profit distance, trailing behavior, and whether an opposite signal should close and reverse an existing position. Stop loss and take profit levels are calculated from current market prices and are automatically widened when broker stop-level rules require more distance.

When trailing features are active in the strategy, the EA can trail positions using a bar-based method that tracks the previous bar high or low. The trailing stop only moves to lock in profit and never moves backward, helping to protect gains while still allowing price to evolve naturally on XAUUSD H1.

Dashboard and chart tools

Goldex Unlimited Portfolio includes the full EAHQ real-time analytics dashboard. The panel can show equity, balance, floating profit and loss, number and volume of open positions, a rolling equity curve with current drawdown from peak, and recent performance windows, along with a per-position strategy breakdown. Lightweight updates run during tick flow, and full recomputations occur on new bars.

On the chart, the EA can draw signal arrows at each entry and display live trade projection overlays that show entry price, stop loss zone, and take profit zone. These visuals are intended to make the EA’s decisions transparent and easy to supervise during live trading.

Input structure

The EA uses the standard Expert Advisor HQ portfolio input layout. Core parameters include fixed lot size and a base magic number, followed by grouped settings for entry protections, daily protections, account protections, news filter configuration, statistics, and visual preferences.

This consistent structure makes configuration straightforward. Traders who already use other Expert Advisor HQ portfolio products can apply the same operating workflow to Goldex Unlimited Portfolio with minimal adjustment.

Important usage notes

For correct operation, attach the EA to the XAUUSD H1 chart, ensure Algo Trading is enabled in platform options and on the toolbar, and assign a unique magic number if you are running multiple EAs on the same account. It is also recommended to configure protection parameters intentionally, avoid changing the magic number while positions are open, and run the terminal on a VPS for stable 24/5 execution.

As with any automated system, testing Goldex Unlimited Portfolio on a demo account before going live is advisable. Observing how it behaves across different sessions, spread conditions, and news events on XAUUSD will help you fine-tune your configuration and risk settings to match your broker and trading objectives.

Best for

This EA is suitable for traders who want an automated XAUUSD H1 portfolio system that combines structured strategy logic with a professional execution and protection framework. It is particularly suited for traders who value clear chart feedback, robust risk controls, and an integrated dashboard instead of running a closed black-box EA.

Support and updates

Customers receive developer support through the MQL5 product page, and updates are delivered via the standard Market update mechanism. Goldex Unlimited Portfolio is part of the Expert Advisor HQ portfolio line, which follows an ongoing maintenance and compatibility process as the MetaTrader 5 platform evolves.

Risk disclosure

Trading gold and other leveraged instruments involves substantial risk of loss. Automated trading systems carry the same market risks as manual trading, and past performance from backtests or live trading does not guarantee future results. Always configure risk in line with your tolerance and never trade capital you cannot afford to lose.

Reviews 3
Florian Joerg Sprenger
264
Florian Joerg Sprenger 2024.05.31 11:35 
 

I bought several EAs from Michael and am very happy with the performance so far. Michael answers very quickly and also gives tips with which settings the EAs can be adjusted and operated. I have been using Goldex Unlimited for 1 day now. So far there have been two trades, two winners. I'll be happy to give another update in a month and then also post the FXBLUE account. Thanks Michael!!! Great job!!!

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MQL TOOLS SL
4.3 (111)
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Farzad Saadatinia
5 (3)
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Galaxy Quest EA
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The Kraken EA
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White Rabbit EA
Michael Prescott Burney
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traderdxb2025
95
traderdxb2025 2025.08.04 15:50 
 

I have bought this EA however the seller has never replied to any of my messages. The EA does not open any trade at all. I have acquired this EA due to another EA of this seller not provide any safeguard like max drawdown or equity protection and have wiped my account. This EA was promising for providing some account protection, however, this is useless because there's not a single trade opened in the last days.

Michael Prescott Burney
79392
Reply from developer Michael Prescott Burney 2026.04.08 03:23
Thank you for your feedback. Goldex Unlimited has since undergone major updates to the algorithm, with a strong focus on improved robustness, a higher win rate, and a significantly better return-to-drawdown profile. I kindly ask you to re-evaluate the latest version of the EA, as the current release is substantially different from the one you originally tested.
Florian Joerg Sprenger
264
Florian Joerg Sprenger 2024.05.31 11:35 
 

I bought several EAs from Michael and am very happy with the performance so far. Michael answers very quickly and also gives tips with which settings the EAs can be adjusted and operated. I have been using Goldex Unlimited for 1 day now. So far there have been two trades, two winners. I'll be happy to give another update in a month and then also post the FXBLUE account. Thanks Michael!!! Great job!!!

Michael Prescott Burney
79392
Reply from developer Michael Prescott Burney 2025.04.19 07:27
Thank you, Florian! I really appreciate your feedback. I'm glad to hear Goldex Unlimited is performing well for you. Looking forward to your update in a month, and thanks again for your support!
220072256
4881
220072256 2024.05.08 03:56 
 

User didn't leave any comment to the rating

Michael Prescott Burney
79392
Reply from developer Michael Prescott Burney 2025.04.19 07:27
Thank you so much for the amazing feedback! I'm thrilled to hear you're happy with the EAs and appreciate the continued support. I’ll keep working on updates and improvements—thanks again!
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