N Pattern MT5

N Pattern MT5 is an Expert Advisor developed for automated gold trading on MetaTrader 5.

The EA is designed for XAUUSD on the M15 timeframe. It identifies the classic ZigZag "N" formation, measures the proportion between its legs, and opens a position when the pattern completes in the direction of the breakout.

The system combines swing structure, leg proportion, breakout confirmation and execution controls. It is designed to wait for a qualified formation instead of opening trades continuously.


Main Features
* Developed for XAUUSD
* Recommended timeframe: M15
* Fully automated trading
* No grid strategy
* Martingale recovery, adjustable and can be switched off
* Automatic Stop Loss and Take Profit
* Fixed-lot or risk-based position sizing
* One position at a time
* One entry per bar
* Spread filter
* Slippage control
* Trading hours filter
* Consecutive loss protection
* Automatic pip adjustment for the traded symbol
* No external indicator, no DLL, no external files


Recommended Trading Conditions
  • N Pattern MT5 is sensitive to spread, slippage and execution speed. Broker conditions can therefore have a significant impact on results.
  • A Raw Spread or Raw ECN gold account is strongly recommended.
  • If your broker quotes gold with a different number of decimals, the EA adapts automatically. If a pip setting is used that does not suit the instrument, the EA detects it, falls back to the standard pip for that symbol and writes the reason to the journal.
  • Run a MetaTrader 5 backtest using the Every tick based on real ticks model before increasing the trading volume. Results can differ between brokers because of spread, commission, symbol specifications, execution speed, liquidity and slippage.

Recommended Setup

* Platform: MetaTrader 5
* Symbol: XAUUSD
* Timeframe: M15
* Account type: Raw Spread or Raw ECN
* Account mode: hedging or netting, both supported
* Recommended starting volume: 0.01 lot
* Minimum recommended deposit with martingale enabled: 1000 USD
* Minimum recommended deposit with martingale disabled: 200 USD

For stable operation, MetaTrader 5 and Algo Trading must remain active. A VPS located close to the broker's trading server is recommended.

Risk Management
N Pattern MT5 uses martingale recovery. After a losing trade the next position size is multiplied by the martingale factor. The sequence stops when a trade closes in profit, when the maximum number of steps is reached, or when the consecutive loss counter removes the EA from the chart.
With the default settings on XAUUSD, a Stop Loss of 200 pips costs approximately 20 USD per 0.01 lot. A full recovery sequence at the default multiplier of 3.0 therefore develops as follows:

* Loss 1: 0.01 lot, about 20 USD, cumulative 20 USD
* Loss 2: 0.03 lot, about 60 USD, cumulative 80 USD
* Loss 3: 0.09 lot, about 180 USD, cumulative 260 USD
* Loss 4: 0.27 lot, about 540 USD, cumulative 800 USD

  • By default the EA removes itself from the chart after 4 consecutive losses, which caps the sequence at roughly 800 USD from a 0.01 lot start. If you raise or disable that limit, the exposure grows very quickly and there is no upper bound other than your balance.
  • The default Take Profit is half the Stop Loss. The strategy therefore depends on a high proportion of winning trades, and the recovery exists for that reason.
  • Set the Martingale multiplier to 1.0 if you prefer flat position sizing with no recovery. Each loss then costs about 20 USD per 0.01 lot.
  • Before increasing risk, decide in advance how many recovery steps your balance can survive and set Maximum martingale steps and Remove EA after N losses accordingly.
  • New users should begin on a demo account or with 0.01 lot until they understand the EA's trading frequency, execution behaviour and position management.

Important Information
  1. The EA does not guarantee profits. Historical tests and previous results do not guarantee future performance.
  2. Backtest results may differ from live trading because of spread, commission, latency, slippage, liquidity and broker execution.
  3. Martingale position sizing increases exposure after a loss. A sustained run of losing trades can consume a large part of an account, and in the worst case all of it. Trade only with money you can afford to lose.
  4. Always test the EA under your own broker conditions before increasing the lot size or risk.
  5. Product support is provided through the Product comments section and the MQL5 messaging system.
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Gold Snap — A Fast Profit Capture System for Gold Live Signal: https://www.mql5.com/en/signals/2362714 Live Signal2: https://www.mql5.com/en/signals/2372603 Live Signal v2.0: https://www.mql5.com/en/signals/2379945 Only 3 copies remaining at the current price. The price will be increased to $1199 soon. Important: After purchasing, please contact us by private message to receive the user guide, recommended settings, usage notes, and update support.  https://www.mql5.com/en/users/walter2008
XG Gold Robot MT5
MQL TOOLS SL
4.34 (113)
The XG Gold Robot MT5 is specially designed for Gold. We decided to include this EA in our offering after extensive testing . XG Gold Robot and works perfectly with the XAUUSD, GOLD, XAUEUR pairs. XG Gold Robot has been created for all traders who like to Trade in Gold and includes additional a function that displays weekly Gold levels with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on Price Action, Cycle S
Wave Rider EA MT5
Adam Hrncir
4.82 (44)
Scalper speed with sniper entries. Built for Gold. Summer sale - 399 USD only instead of 499 USD until end of August. Tired of all the fake EAs that eventually disappear? Most authors just create another EA when it fails - I wanted to do it differently. Wave Rider is my personal project built out of passion - honest, transparent EA without any fake AI or manipulated back-test that's been continuously updated for more than 6 months, that I am using myself from very first day. Check the Live signa
SomaGold
Andrii Soma
5 (10)
SomaGold is a multi-strategy breakout Expert Advisor for MetaTrader 5, built exclusively for Gold (XAUUSD). One chart, one EA, 32 independent strategies running together as a single diversified portfolio. Live Signal. This is my first published EA on MQL5. To make it accessible at launch, I am using a transparent ramping-price model: Launch price: 100 USD The price increases by 100 USD for every 10 copies sold Early buyers lock in the lowest price for the lifetime of the product. Concept Instead
Gold Neural Core
TICK STACK LTD
4.2 (10)
Launch Offer:   Grab Gold Naural Core and bundle it with   XAU Momentum   and get 2 free EAs of your choice from my entire MQL5 store. DM me for details. Learn how I personally manage risk when using grid systems:  https://www.mql5.com/en/blogs/post/767250 Read the user guide to any TickStack grid system:  https://www.mql5.com/en/blogs/post/767232 Gold Neural Core — Hyper-Scalping Grid System for XAUUSD Gold Neural Core is a high-frequency grid trading system engineered specifically for gold (X
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