Market / MetaTrader 5 / Experts /

GoldRecovery

FREE

Published: 8 November 2026

Current version: 6.0

GoldRecovery

Experts
David Manuel Coelho Nene
David Manuel Coelho Nene
Portugal

272
Version: 6.0
Updated: 9 November 2026

GoldRecovery is a free Expert Advisor for MetaTrader 5, designed to trade Gold (XAUUSD) on the M5 timeframe.

The EA combines buy-side entries with a grid recovery system and basket-based profit targets. An H1 trend filter, volatility spike filter and entry cooldown help control when new positions are opened.

Recommended setup

• Symbol: XAUUSD (Gold).
• Chart timeframe: M5 (5 minutes).
• Platform: MetaTrader 5.
• Account type: Hedging.
• Recommended minimum balance: USD 1,000.

How it works

GoldRecovery manages buy positions as a basket. When the market moves against the initial entry, it can add positions at predefined distances, increasing trade volume through a configurable lot multiplier.

The basket closes when its configured profit target is reached. Two exit modes are available:

• Money-based target, proportional to the basket’s total volume.
• ATR-based target, calculated from the basket’s average entry price.

Main features

• Automated buy-only trading on XAUUSD.
• M5 trading with H1 trend confirmation.
• Volatility spike filter and entry cooldown.
• Grid recovery with configurable lot progression.
• Up to five positions per basket with the default settings.
• Configurable basket profit targets.
• Optional basket stop and account equity protection.
• Free to download and use.

Before trading

Attach the EA to an XAUUSD M5 chart. Check your broker’s contract specifications, minimum lot size, spread, leverage and margin requirements.

Test with real ticks in the Strategy Tester and run a demo forward test before using a live account.

Risk information

GoldRecovery uses grid recovery and increasing position sizes. Prolonged adverse market movements can cause substantial floating losses and account stop-out.

Basket stop and equity protection are disabled in the described default configuration. These protections can be enabled in the inputs.

USD 1,000 is the recommended starting balance, not a guarantee of sufficient capital or account safety. Capital requirements depend on settings, leverage, broker specifications and market conditions.

Always assess equity drawdown and open exposure alongside the balance curve. The entire trading balance can be lost. Profits and recovery of losing baskets are not guaranteed.

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GoldRecovery

David Manuel Coelho Nene