XAU Master Rebuild
- Experts
- Version: 1.11
Free EA with Real Edge?
In a world of lies and shiny names, I want to give a little light—a small light in the darkness. I want to show that a real robust bot doesn't have to cost thousands, but in fact can be found in the free section. XAUUSD is not my best project, but it is reliable, and simple. It might not make millions, but has a real edge. No promises, no "Future-AI-never-losing system"—but a real Expert Advisor.
Trading Approach
- Multi-system logic
- Mean reversion strategies
- Diversification
- Intraday trading
Strategy
EA is based on entry and exit signals generated by multiple systems, in other words bot is fully automated and manual overlook is to necessary. Due to this logic, TP is not used at all and SL is in place only as a safety net, since trades are usually closed before hitting it. SL is triggera only when market conditions shift significantly. Each system uses mean reversion strategy, what can sometimes result in similar entries. Goal is to spread the risk acrossm multiple systems, so that even if one struggles, others compensate and outweight a potential loss.
Settings
You likely noticed that in the settings you will only find lot size and risk per trade with an enable toggle. Unfortunately, people could misuse the fact that this EA is free by renaming it and reselling it outside of MQL5. For this reason, I decided to leave only these necessary settings available, so that people don't mistreat my efforts and openness.
However, if you really like XAUUSD and would want something in that direction with customizable settings and better results, there is another EA called XAU Master. The trading approach is similar to XAUUSD —the only differences are better diversification, improved performance, new systems, adjustable inputs, prop firm spoofing, and better risk control. This EA is paid, but if XAUUSD suits your needs, then taking a look at it wouldn't be a bad idea.
Why M15 when name says M5?
Original version of XAUUSDEA was for M15 timeframe, however using M15 provides clearer signals and less noise, therefore newer versions are using M15 which might have caused confusion. Please make sure to attach the EA to M15 timeframe.
Robot does not place any trades. Why?
As long as you see blue hat in top right corner, EA is running correctly. It does not place trades all of the time - be patient. Always look at the backtest results to see what behaviour, trading frequency and fluctuations to expect.
------ Setup ------
Symbol: XAUUSD
Timeframe: M15
Minimum capital: $200+
Account type: Standard (no need for low spread)
Trading frequency: avg 2 trades per day
VPS: Highly recommended
