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Follow our daily analysis channel at https://www.mql5.com/en/channels/morningbriefing
Our portfolio on the Market at https://www.mql5.com/en/users/angevoyageur/seller and https://www.mql5.com/en/users/blueball/seller
If there are questions, just contact us and we'll be happy to help.
All the best and happy trading
Alain
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Please note I don't take freelance jobs any more, definitely. Thanks for your understandings.
Learn how to bring advanced plotting and data visualization to the MetaTrader 5 terminal by leveraging Matplotlib, one of Python's most powerful and widely used visualization libraries.
Most gold traders obsess over entries and forget the cost of simply being in the trade. On XAUUSD, the spread isn't a fixed number — it breathes.
During quiet Asian hours your broker might quote 15–25 cents. Around London open, rollovers (around 00:00 broker time), and high-impact news, it can spike to a dollar or more. That spike is an invisible tax taken from every position you open or hold through those windows.
Three practical rules that actually save money:
1. Know your normal. Watch your broker's spread at different hours for a few days and write the numbers down. Anything above that range is an avoid-window, not a trading signal.
2. Never enter in the first 60 seconds of a major release. You are not just risking slippage — you are paying a spread that can be 3–5x normal. The market will still be there two minutes later, cheaper.
3. Give your stop the same respect. A tight stop placed through a spread spike can get "wicked out" by the widened quote without price ever touching your level. Either widen the stop for the window, or sit it out.
The spread is the one trade outcome you can measure before it costs you. Track it like you track your setups.
Live Signal for Helpful Gold Trader MT5 = https://h1.nu/1FFkS
EA Link = https://www.mql5.com/en/market/product/185780?source=Site+Market+My+Products+Page
Live Signal for Helpful Gold Trader MT5 = https://livesignal.top/signal?id=1
EA Link = https://www.mql5.com/en/market/product/185780?source=Site+Market+My+Products+Page
This article converts the Greatest Swing Value breakout rules into a configurable MQL5 Expert Advisor. It implements measurable setup conditions, failure-swing calculations, one-bar setup validity, and M1 breakout confirmation. The EA also supports broker-compatible risk management, manual or percentage-risk sizing, position control, and trade-server validation, providing a reproducible framework for independent Strategy Tester research across different markets and historical periods.
BitGold MT5 is a fully automated MT5 Expert Advisor built on two proven trend-following concepts: the Turtle Channels breakout system and the Bit -Trend trend detection regime indicator. It trades only on closed-bar signals, so entries do not repaint. It includes a complete risk and position-management toolkit. How it trades Selectable entry logic. Choose between: Tutrle Channel entries: Long and Short Entry signals from the Turtle Channels breakout logic, with configurable entry and exit
Gold has a strange respect for round numbers — and no, it's not superstition.
Every day, resting orders pile up at clean levels: the nearest big $100 figure, the $50 midpoints, even the round $10 increments on lower timeframes. Banks, funds, and barrier options cluster around them, turning these lines into self-fulfilling zones: price slows into them, reacts off them, or slices straight through with real violence.
Three practical rules I trade with:
1. Zones, not lines. Gold routinely wicks a few dollars past a round number to sweep stops before reversing. A touch means nothing by itself. Wait for the rejection — or the acceptance, a clean 15-minute close beyond the level.
2. Stops belong behind the fence. If you're long above a $50 figure, don't park your stop two dollars under it where the sweep collects it. Place it where your idea breaks: a decisive close back under the number, with a few dollars of buffer for the wick.
3. The first test is the strongest. Fresh zones react best. By the third visit in one session, the resting liquidity is usually gone and price punches straight through. Never fade a level that already held twice today.
Round numbers don't move markets — the orders parked at them do. Trade the reaction, not the line.
What is GenX Scalper? GenX Scalper is a fully automated Expert Advisor for EURJPY on MetaTrader 5, designed for short-term intraday trading. It monitors the market during its scheduled operating windows and executes buy and sell trades automatically according to its proprietary internal logic. This is a robust strategy that I have been using for many years and which comprises several sub-strategies. The bot only opens one position at a time, with its stop-loss (SL) and take-profit
Trend Consensus turns ten moving averages into one clear vote on trend direction across two timeframes. When both agree, it marks a non-repainting entry with ATR-based TP1, TP2, TP3 and stop levels, and tracks how every past signal on your chart played out. Built in: history statistics, a multi-symbol scanner, push and e-mail alerts, and buffers ready for your Expert Advisor. How it works Trend Consensus asks ten simple moving averages (periods 5 to 14) one question on every bar: are you rising
Gold can move 100–200 pips in the seconds after a high-impact release like NFP or CPI. Spreads on XAUUSD also blow out in that window — so even a correct directional read can stop out before the move plays out. Slippage and requotes eat the setup alive.
That is why I don't trade the release itself. I trade the aftermath. The discipline that keeps me out of trouble:
1. Flat 15 minutes before, flat 15 minutes after. No entries, no "just a small one." The first candle after the number is noise more often than signal.
2. Watch the first two 5-minute closes, then wait for the retest. If price breaks one way and retests the level with a close-back rejection, that is a tradable structure — the level, not the headline.
3. Halve your size even then. Post-news liquidity is thin and sweeps are common; a wide stop is fine, but the position must be sized so the wide stop still equals your normal risk.
4. Skip the day if the move already ran 150+ pips. Chasing extension into a post-news trend is where most gold accounts give the week back.
Volatility is not opportunity unless you can price the risk. Sometimes the best XAUUSD trade of NFP week is no trade at all.
With TradingView's November 1 marketplace change, more indicator creators are looking at MT5. If you're porting Pine Script to MQL5 yourself, here are the five differences that catch people out — usually on the first compile.
1. Bar-by-bar vs tick-by-tick. Pine calculates once per bar by default; MQL5 indicators recalculate on every tick. A value that was stable on TradingView can flicker in MT5 unless you structure the code around completed bars.
2. barssince() has no direct twin. Pine's series functions don't map one-to-one. You rebuild them with buffers — a double array where 1 = true, 0 = false — and walk the history yourself. It works, but it has to be written deliberately.
3. Repainting hides in translation. A Pine indicator that looked clean can repaint in MQL5 if future-bar references ([+1] offsets) sneak through the port. Check every forward reference; MT5 backtests punish repainting that TradingView's visual replay forgave.
4. Alerts are not alerts. Pine's alert() fires on bar events with placeholders; MQL5's Alert() is a popup on your own terminal, and push/email need SendNotification() / SendMail() wired separately. The plumbing is different, not harder.
5. Access control is a design decision, not a feature. TradingView's invite-only model doesn't exist in MT5. License keys, account-number locks, or time limits have to be built into the code — decide before you port, not after.
Port carefully and the indicator survives the move. Port blindly and you get a repainting impostor of the original.