Just Try Me
- Experts
- Version: 1.60
- Activations: 15
Just Try Me is an Expert Advisor for MetaTrader 5. It trades gold (XAUUSD) and the Nasdaq-100 index from one chart.
You can download the free demo version, run it in the Strategy Tester on the data of your broker, and judge the results yourself.
How it works
Large orders need liquidity, and price often moves to areas where this liquidity is located before a larger move starts. The Expert Advisor looks for these situations on several timeframes. It waits until liquidity is taken and the market shows a reaction. Only then it enters at a defined level, with a defined stop loss and take profit.
The Expert Advisor uses five independent setups: three for gold and two for the Nasdaq-100. Each setup was tested separately on several years of tick data before the setups were combined. The setups look for different market situations, so they usually do not trade at the same time.
Trading rules
- No grid, no martingale and no averaging down.
- Every position has a stop loss and a take profit from the moment it is opened. A time exit closes positions that stay open too long.
- No new positions are opened around high-impact news.
Risk settings (all can be changed in the inputs)
- Fixed risk per trade as a percentage of the balance (1% to 1.5% by default).
- A limit on the total open risk for each market.
- Lot limits. An order never uses more than 30% of the free margin.
- News filter: no new entries from 60 minutes before to 30 minutes after high-impact USD events, using the built-in MetaTrader 5 economic calendar.
- No new entries on Friday evening.
- Checks before every order: trading permissions, trading session, volume limits, stop and freeze levels, and margin.
- Small balances: if the minimum lot would risk too large a part of the account, the trade is skipped.
Setup
1. Open an XAUUSD chart with the M1 timeframe. Gold symbols with other names or suffixes are recognized (for example GOLD or XAUUSD.m).
2. Attach Just Try Me to the chart and allow algorithmic trading. The Nasdaq-100 symbol of your broker (for example NAS100, US100 or USTEC) is found automatically and traded from the same chart. If your broker has no Nasdaq-100 symbol, only gold is traded.
3. The panel on the chart shows the status of each setup, the result of the day, open positions, drawdown, the next news block and the current spreads.
A hedging account is recommended.
Strategy Tester results (not real trading results)
Default settings, XAUUSD M1 chart with the Nasdaq-100 traded from the same chart, deposit 5,000 USD, leverage 1:500, "Every tick based on real ticks" mode, November 2024 to October 2026:
- Net profit 339,931 USD, maximal equity drawdown 18.46%, profit factor 1.54, 835 trades.
- Net profit without the 10 most profitable trades: 206,145 USD.
- First year profit factor 1.88, second year profit factor 1.50. Risk is calculated as a percentage of the balance, so later trades use larger volumes.
These results come from the Strategy Tester. They are not results of real trading. They depend on the data, spreads and commissions of the broker. Past results do not guarantee future results.
Risk warning
Trading leveraged products such as gold and index CFDs carries a high level of risk and can lead to the loss of your deposit. About two out of three trades in the test were losing trades, and drawdowns of 20% or more are possible. Choose a risk level you can afford and test the Expert Advisor on a demo account first.
Questions are answered in the product comments and in private messages on MQL5.com.
