Gold Notch

Gold Notch

Automated Gold trading, with risk controls on your chart.

Gold Notch is an Expert Advisor for Gold (XAUUSD) on MetaTrader 5. It automates trade entry and management while giving you direct control over position sizing, profit targets, break-even, and partial closing through an integrated chart panel.

No martingale. No grid. No averaging-down recovery.

Trade management you can configure

• Stop loss and take profit: submitted to the broker with each new entry.

• Four target choices: select Take Profit 1, 2, 3, or 4.

• Optional break-even: move the stop to the entry price when Take Profit 1 is reached.

• Optional partial closing: close up to half the position at Take Profit 1, with break-even enabled and a higher final target selected. The amount is subject to the broker's volume rules.

• Flexible sizing: choose fixed lots or percentage risk, with fixed or compounding risk modes.

• Trading controls: enable or pause new entries and configure limits on open trades and combined open risk for the EA instance.

The EA can hold multiple trades. Each trade has its own stop and target; the risk of several open trades can add together.

Presets and learning resources

The launch package includes documented M4 and M6 preset configurations, with different target, break-even, and partial-close settings. Use the preset guide to understand each configuration and review its risk settings before enabling trading.

Understand the historical evidence

The supplied intraday examples use 100,000 historical bars per configuration, with approximately 1,500 simulated trades. Performance is presented through expectancy in R, trade count, and drawdown. One R represents a trade's initial risk; expectancy in R expresses the average outcome per trade in those units.

For example, the M4 configuration with Take Profit 4, break-even off, and partial closing off shows 1,548 simulated trades, +0.22R gross expectancy, and 43.61% balance drawdown, covering July 2025 to September 2026.

This example uses the panel's History-mode simulation based on historical candle data, a custom starting balance of 10,000, and 1% risk sizing with compounding. Costs are unavailable in the supplied capture, so its results are gross and net expectancy is not established. Balance drawdown excludes open floating losses. This is historical research, not a live-account result.

Getting started

Use MetaTrader 5 with a hedging account and your broker's Gold symbol. Review the balance used for sizing, risk settings, and open-trade limits before enabling new trades. Keep the terminal or a suitable VPS running and connected for automated operation. Test the configuration on your broker's data and a demo account first.

For product help, contact Issam Kassas through MQL5 messages or the product comments.

Trading involves risk, including loss of capital. Stop losses do not guarantee the final execution price, and historical results do not predict future performance.