Gold Great EA

A rule-based MT5 XAUUSD Expert Advisor that trades pure price structure at XAUUSD H1 timeframe chart. Gold Great EA reads the gold chart the way a discretionary price action trader does. Every decision is deterministic. The same chart always produces the same signal. Nothing is trained, fitted or optimised at runtime. 

If you want to know why a trade was taken, you can look at the chart (Screenshots) and see it.

  • The default EA parameter setting is already optimized, just load the EA into strategy tester or live chart and run it.  


Key Features
  • Advanced trading structure.
  • Accurate entry point decision.
  • High trading perfomance.
  • Multi-stage profit closure algorithm.
  • Money management system.
  • High spread protection.
  • Separate time filter.
  • Fully automatic trading.
  • Easy setup.


Main requirements
  • Terminal: MT5.
  • Account type: ECN
  • Min. deposit: $100.
  • Pairs: XAUUSD,
  • Timeframe: H1.
  • For stable trading use VPS.

How to install

  1. Attach Gold Great EA to the chart of recommended Gold pair.
  2. Use default settings. 
  3. Allow live trading. Enable AutoTrading button at top panel of terminal.

What it does not do

  • No lagging indicators. 
  • No machine learning, neural networks or black-box models.
  • No martingale, no grid, no averaging down, no recovery mode.
  • No adding to a losing position, and no re-entry into one.
  • One open position at a time by default.

Risk management

  • Fixed percentage of equity risked per trade. Lot size is calculated from the real stop distance and the broker's tick value and tick size, so risk stays consistent across brokers, account currencies and contract specifications.
  • Stop loss placed beyond the most recent swing point, with a buffer expressed as a percentage of the current swing range instead of a fixed pip figure.
  • Take profit set as a fixed reward-to-risk multiple. 


Evidence of the EA works well.

  • Refer to simulation results in strategy testers. Initial Deposit 100 USD, testing periods from 2020 to 2026. 
  • Live account on the way, please refer to it. 
  • You can simulate the EA using OHLC or every tick based on real ticks. 


Support

I am always in touch. Feel free contact me and I help.      

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4.67 (6)
Real Trading Account — LIVE SIGNAL | IC MARKETS: https://www.mql5.com/en/signals/2339082 GoldWave Ultra uses the same core trading logic and execution framework as the verified live signal shown above on MQL5. When running the EA with the recommended optimized settings on a reputable ECN/RAW-spread broker ( e.g., TMGM ), its live trading behavior is designed to closely follow the trade structure, risk management, and execution characteristics demonstrated by the live signal. Please note that ind
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