Market / MetaTrader 5 / Experts /

GOLD Edge MT5

FREE

Published: 4 November 2021

Current version: 4.4

GOLD Edge MT5

4.27

Experts
Hideki Nakajima
Version: 4.4
Updated: 4 April 2024

GOLD Edge is a EA designed specifically for GOLD(XAUUSD)and can also be used on any financial instrument, and any pairs.

This EA trades trend-following using moving averages and multi-timeframe RSI. Use GRID trade.

This EA closes with the "DD Reduce" function when drawing down.
You can set trailing stop for "GRID trading" and "DD Reduce" function.

Additional trades can be made using the panel. These are automatically settled as GRID series.
You can also manually settle all transactions. You can also change Max Trades and Max Lot Size from the panel.

I recommend that you read here first. User GUIDE: https://www.mql5.com/en/blogs/post/750375

DD Reduce function:
It is a function to close the oldest order with bad profit and loss together with the latest profitable order.

Please be sure to read the GUIDE and FAQ before asking questions or using.
The recommended set files is at the bottom of the GUIDE.

I recommend reading the guide describing this EA first. setfile is also here.

Don't use the Setfile I attached in the comment. There is an error, so be sure to download it from the user guide.

User GUIDE: https://www.mql5.com/en/blogs/post/750375

Recommendations:

Time Frame M5 recommended.

AUDUSD:

Minimum deposit $1500.

XAUUSD:

Minimum deposit $3,000. Lot 0.01. (use .set file "lowrisk").

Recommended $6000 or more.

Other currency pair:

XAUUSD, AUDUSD (can also be used on any financial instrument, any pairs. Pro Ver automatically fits other currency pairs.(Auto Distance Function))

setfiles is here. User GUIDE: https://www.mql5.com/en/blogs/post/750375

Settings & Setfiles:

Read about settings and set files here. User GUIDE: https://www.mql5.com/en/blogs/post/750375

FAQ:

If you have any questions, please read the guide and FAQ before asking.
Please ask the question in a message, not a comment.

Read the user guide FAQ.

User GUIDE: https://www.mql5.com/en/blogs/post/750375

more...

Eventual Chi 2024.04.19 00:51 #

nice

mirg guc 2024.03.28 19:00 #

The Trail Stop setting is too small: min 250 why can't I find how to change it because it doesn't work for me?!

Can you help me please

354

Rene Kaufmann 2024.03.17 14:19 #

Awesome EA!!!! I have it on a live account,( Daerwin X) for about a week 11 trades 11 winners $164 profit. I would love to see what PRO EA can do.

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GOLD Edge is a EA designed specifically for GOLD(XAUUSD)and can also be used on any financial instrument, and any pairs. This EA trades trend-following using moving averages and multi-timeframe RSI. Use GRID trade. This EA closes with the "DD Reduce" function when drawing down. You can set trailing stop for "GRID trading" and "DD Reduce" function. Additional trades can be made using the panel. These are automatically settled as GRID series. You can also manually settle all transactions. You

FREE

This indicator shows the direction of the trend and trend change. Ganesha Trend Viewer is a trend indicator designed specifically for gold and can also be used on any financial instrument. The indicator does not redraw. Recommended time frame H1. Ganesha Trend Viewer is perfect for all Meta Trader symbols. (currencies, metals, cryptocurrencies, stocks and indices..) Parameter setting MA Short Period ----- Moving Average short period MA Long Period ----- Moving Average long period Alerts ON

FREE

This indicator shows the direction of the trend and trend change. Ganesha Trend Viewer is a trend indicator designed specifically for gold and can also be used on any financial instrument. The indicator does not redraw. Recommended time frame H1. Ganesha Trend Viewer is perfect for all Meta Trader symbols. (currencies, metals, cryptocurrencies, stocks and indices..) MT5 Version here! Parameter setting MA Short Period ----- Moving Average short period MA Long Period ----- Moving Average l

FREE

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Eventual Chi 2024.04.19 00:51 #

nice

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Reply from developer Hideki Nakajima 2024.04.19 04:51 #

Thank you for your review.

handsy clarke 2024.04.17 18:10 #

EA bad

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Trader Slatt 2024.04.15 17:48 #

The writer is a greedy cunning. I gave a tip about Ea. If this EA is set to a daily profit limit option of 10-30 dollars per day, it will become an EA that can be used with small balances throughout life. I told this to the author and he said he will go and put it in the PRO version. Don't use a greedy author's ea.

mirg guc 2024.03.28 19:00 #

The Trail Stop setting is too small: min 250 why can't I find how to change it because it doesn't work for me?!

Can you help me please

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Reply from developer Hideki Nakajima 2024.04.18 01:59 #

Thank you for your review. Trail stops can be changed. Read the guide. If you don't understand, please private message me.

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Rene Kaufmann 2024.03.17 14:19 #

Awesome EA!!!! I have it on a live account,( Daerwin X) for about a week 11 trades 11 winners $164 profit. I would love to see what PRO EA can do.

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Reply from developer Hideki Nakajima 2024.04.18 01:57 #

Thank you for your review.

namkun994 2024.03.16 06:12 #

The bot operates very well on currency pairs. Can the bot run simultaneously on two currency pairs?

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Reply from developer Hideki Nakajima 2024.04.18 01:55 #

Thank you for your review. You can do it by separating the chart and magic number.
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Forex Metadata 2024.03.10 12:12 #

A lot of potential, plenty settings to adjust. Testing at the moment, Thank you for let us use such an amazing expert.

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Reply from developer Hideki Nakajima 2024.04.18 01:54 #

Thank you for your review

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Gabor Kovacs 2024.03.05 13:09 #

Thank you for sharing this EA. I am using it on a standard cent account for 3 months now with the given set files for aud and xau and it makes steady profit. It has small draw down and handles the trades very well. Will put it on an ECN to see if it has a better performance.

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Reply from developer Hideki Nakajima 2024.04.18 01:56 #

Thank you for your review

169

Vítor Barrocas 2024.03.02 13:55 #

Testei com muito bos resumtados em Ouro - 15M. Parabéns e muito obrigado ao desenvolvedor por disponibilizar gratuitamente tanto investimento em tempo e conhecimento.

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Reply from developer Hideki Nakajima 2024.04.18 01:54 #

Thank you for your review

244

Betty Jimenez 2024.02.12 12:26 #

by chance I've found this f...ing good Software. After 4 weeks live account and after 1000+ ( feeled ) backtesting, I have found a nice Setup for XAUUSD M5. Backtest from 01.Nov.23 until today +350%, live the last 2 weeks +63%, thanks for this FREE offer

EURUSD M30 is running very smooth, 200-300 USD initial Capital is possible with start 0.01 Lot. Backtest and live is similar

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Reply from developer Hideki Nakajima 2024.04.18 01:53 #

Thank you for your review

Ana C. Suero D. 2024.02.05 17:45 #

Hasta ahora ha tenido muy buenos resultados en las pruebas que estoy haciendo.

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Reply from developer Hideki Nakajima 2024.04.18 01:49 #

Gracias por tu reseña

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Mario Junior Johnson 2024.01.30 23:54 #

This EA is super awesome, I am very happy, I would like to contact the creator, to ask the difference between the free version and the paid version.

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Reply from developer Hideki Nakajima 2024.01.31 14:07 #

Thank you for your review.
The differences from the PRO version are written in the FAQ, so please refer to it.

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nrhp 2024.01.13 21:22 #

IMHO, this is the best free EA for MT5. On a small live account, I have doubled my money in 2 months! Thank you very much Hideki Nakajima!!

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Reply from developer Hideki Nakajima 2024.01.31 14:04 #

Thanks for your review.

vinitrader 2024.01.11 20:37 #

I've been testing it on a Cent account XAUUSD-M15 with very good results. I'm considering escalate to a Pro acc next February.

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Reply from developer Hideki Nakajima 2024.01.31 14:03 #

Thank you for your review.

karo74 2024.01.10 12:50 #

Great robot, very well constructed. I'm constantly testing it with different settings, but I think it has potential.

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Reply from developer Hideki Nakajima 2024.01.31 14:02 #

Thank you for your review.

154

Dougal 2024.01.09 21:57 #

Using a martingale strategy usually ends in a blown account but it can be fun while it lasts

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Reply from developer Hideki Nakajima 2024.04.18 01:53 #

Thank you for your review

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AHMED NOUR ELDEEN 2023.11.24 10:55 #

The GOLD Edge MT5 Expert shows potential with its grid strategy, multiplier, and RSI indicator, doubling the account deposit in a year. However, caution is advised due to a significant 45% equity drawdown with default setting AUDUSD M5 1500$ . Adding trend-following signal filters could enhance performance and mitigate risks, ensuring a more balanced and sustainable trading approach. Continuous monitoring and refinement are recommended for optimal results. Thanks for the developer for good work.

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Reply from developer Hideki Nakajima 2023.11.24 14:01 #

Thank you for your reviewing.

Muhammad Tariq Rashid Qureshi 2023.11.21 17:57 #

I REJECTED AS IT DONT HAVE TREND DETECTION

[Deleted] 2023.11.19 18:43 #

User didn't leave any comment to the rating

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Reply from developer Hideki Nakajima 2023.11.19 23:59 #

Gracias por escribir una reseña

59523568 2023.10.25 11:33 #

Its not really working. Like it closed my position like 1 time but then like i started losing 100$ and it didnt do anything. Why is it doing like that

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Reply from developer Hideki Nakajima 2023.10.25 14:56 #

If used correctly, everyone can actually use it. We recommend reading the guide before use.

1 2 3 4

Version 4.4 2024.04.04

Fixed bug in panel function.

Version 4.3 2024.04.03

Fixed a bug where the price display on the panel was not updated.

Version 4.2 2024.03.31

Improved default values
Minor bug fixes

Version 4.1 2024.03.13

Removed “Margin Limit” Filter function.
Instead, it is equipped with a "Minimum Free Margin" Filter function.
(Free Margin / Accout Balance)% If Free Margin is less than this percentage, no new trades will be executed.

Version 4.0 2024.03.11

Fixed a bug where an alert would appear when using the previous setfile.

Version 3.9 2024.03.09

Add Margin Limit Filter.
&fixed some bugs.

Version 3.8 2023.05.05

minor update

Version 3.7 2023.05.01

minor update

Version 3.6 2023.05.01

・minor logic update.
・Added function "Auto Distance by ATR". (PRO only)
I recommend setting this to "true".

Version 3.5 2023.04.23

minor update.

Version 3.4 2023.04.23

minor update.

Version 3.3 2023.02.23

Change panel layout.
Improving response of manual operation.

Version 3.2 2022.11.12

Fixed a bug that SL and TP could not be set depending on the broker.

Version 3.1 2022.11.07

Fixed a bug that TP may not be entered when trading from the panel.

Version 3.0 2022.11.06

Fixed several bugs with panels and orders.
Fixed some customer reports. Thank you dear customer for your report.

Version 2.9 2022.10.16

minor update

Version 2.8 2022.10.15

Made it possible to change the order comment.

Version 2.7 2022.10.01

Fixed bug in manual mode

Version 2.6 2022.09.29

Fixed display bug of Non-Trade Time

Version 2.5 2022.09.24

minor update.

Version 2.4 2022.09.23

Improved the color when pressing the pause button.

Version 2.3 2022.09.23

small bug fix.
miner update.

Version 2.2 2022.09.05

Logic improvement

Version 2.1 2022.08.28

Added the following parameters.
・Stop loss
・Trend Reversal Loss Cut
・Equity Percent(%) Loss Cut

Version 2.0 2021.12.11

- minor updated

Version 1.9 2021.12.03

- minor updated

Version 1.8 2021.11.30

fixed a little bug

Version 1.7 2021.11.28

- Added “Use Time Filter” Parmeter.
- Added “Day of the week to trade” Parameter.

Version 1.6 2021.11.26

- DD reduce Bug Fix.
- Added “Start Lot Multiply Count” parameter.

Version 1.5 2021.11.24

- minor updated

Version 1.4 2021.11.23

- minor updated

Version 1.3 2021.11.20

Added Parameter
　 MA(Moving Average) filter parameter
　& RSI filter parameter

Version 1.2 2021.11.05

- optimised parameters
- minor updated