Goal Renko Assistant

Goal Renko Assistant is a trade assistant for gold (XAUUSD) on MT5. In one short box next to the last candle it tells you what to do now: enter, hold, stop or re-enter. It stays in a trade until the opposite wave appears or the stop is hit, it puts a stop on every trade, and its signals do not repaint. It does not place trades. You do.

What it does well

1. It tells you what to do at each stage of the trade.
The box always shows where you are in the wave, the trade it is holding, the entry price, the current result, the stop level and the next action. When there is no trade, it shows what it is waiting for and, when a level is set, the price that would open the next trade. Unlike an indicator that only marks entry points, it follows one trade from entry to exit.

2. It stays in the trade until the opposite wave appears or the stop is hit.
An example from the historical test on M15, in full-hold style: on 18 March 2026 the assistant marked a continuation SELL and kept the trade open for about 27 hours, until the opposite wave appeared. Many other trades of the same kind ended at the stop. In the test the average winning trade was about twice the size of the average losing trade.

3. It cuts losses with discipline.
Every trade has a stop from the moment it opens, and the stop is never moved. When the stop is broken on a closed candle, the box says STOP or flips to the other side. In a trade-by-trade review of 217 M15 trades from 2026, price kept moving against the trade after the stop in 84 cases. In those cases the stop prevented a larger loss.

4. It does not repaint.
Signals are fixed when the candle closes and do not change afterwards. Reloading the chart gives the same signals on the same history. This was checked candle by candle against a full recalculation on data from two brokers.

How to use it

1. Open two XAUUSD charts. Put the assistant on M15 in M15 mode and on H1 in H1 mode. Set Trading style to Aggressive, which is the full-hold style. The default style is Steady, which suggests closing half of the position part-way. The historical test and this guide use Aggressive, so switch to it if you want to follow the guide.
2. Take an M15 trade only when the H1 box is holding a trade in the same direction. If H1 is waiting or holding the other side, stay out.
3. P3 is the mark for a wave reversal. Skip the plain P3 mark. Take P3 with a star (P3*), continuation (CONT) and re-entry (L1) marks.
4. Once in, follow the M15 box. Hold until it closes the trade. Do not move the stop. Use a small lot.

The H1 box is a filter for new entries only. Used this way, you take about 3 of every 10 M15 signals and you will skip some good trades.

What to expect

This is a wave-following tool. In the test, most trades were small losses and a few long-running trades made up for them. In the historical test below, selective use won about 4 to 5 trades in 10, and taking every signal won about 1 in 3. About half of the months in the test ended with a loss. The longest losing run was 7 to 8 trades with selective use and 9 to 16 when taking every signal. Plan for runs of 10 to 12 even with selective use. This is how the style works, not a defect. If you need a high win rate or a positive result every month, this tool is not for you.

Historical test, not real trading and not a promise

These figures come from a simulation on history, not from a live account. Data: raw-spread demo-server history from one broker for XAUUSD, 5 June 2024 to 11 November 2026, 1082 trades on M15 and 115 on H1. Each trade was opened and closed at the close of the candle on which the label appeared, in full-hold style. The entry spread and commission were deducted. Overnight swap was not. The history was split into three periods: June 2024 to December 2025, January to June 2026, and July to November 2026.
- Taking every signal: the sum of all trades after costs was above zero on M15 in each of the three periods, and on H1 in two of the three. H1 was below zero from July to November 2026. Drawdowns were deep.
- Selective use, as in the guide above: the largest drawdown was 2.7 to 2.9 times smaller than when taking every signal, in the two periods that were not used to set the rule. Taken together, the total result of those two periods was not higher. Those two periods hold 194 trades, which is still a small number, so read this as an observation, not as proof.
- Costs: the average cost per trade was small next to the average losing trade. Tripling the costs changed the selective result little.
Results on other brokers will differ, because each broker closes its candles at slightly different prices. Past tests do not predict future results.

Features

• Modes: M15 (default), H1, or Auto by chart timeframe.
• Built and tested for XAUUSD on M15 and H1. It runs on other symbols and timeframes, but they are not tested.
• Trading styles: Steady (default) suggests closing half part-way. Aggressive holds the full position.
• Up to one re-entry after a stop on M15, up to two on H1.
• Interface in 12 languages: English, Vietnamese, Russian, Chinese, Spanish, Portuguese, Japanese, German, Korean, French, Italian, Turkish. Auto follows the terminal language.
• Alerts: pop-up, push notification and e-mail, when a new action appears. They fire on closed candles only, from the first new signal after the indicator is attached.
• The stop is shown from the entry candle and is never moved during the trade.
• Optional news lock: type the news times yourself and the box pauses new entries around them.
• Label styles: price-tracking label or a corner panel.
• Optional summary panel with the current state only: mode and time, state, trade (type, entry, stop) and the last signal. It holds no statistics.
• Gold symbols with a suffix, or named GOLD, are recognised.

Good to know

• Indicator only. No automatic trading.
• MT5 desktop. Push alerts reach the phone.
• The free demo of any indicator on the Market runs only in the Strategy Tester, in visual mode. This is a Market rule. Test it on XAUUSD M15 in M15 mode, then on H1 in H1 mode. The tester shows one chart at a time and places the box in the top left corner. In the tester, alerts are written to the Journal only, and push and e-mail are not sent.
• The price in a mark and in the box is the wave level. The result in the box is counted from the close of the signal candle, so it can differ from the distance to that level.
• Support: the Comments tab of this product or a private message on MQL5.com. Please include your broker, symbol and a screenshot.
• Times in the box follow the Time zone input. The default is server time.

Trading gold with leverage carries a high risk of loss. This tool is not investment advice.