Gold Swing Pullback

Gold Swing Pullback is a rule-based gold trading EA designed for an XAUUSD M1 chart. It uses higher-timeframe trend agreement and pullback entries, with stop-based position sizing and break-even management. Its trading style includes frequent small losses and occasional larger trend winners. Historical test results are shown below with their settings and costs; they are not forecasts.

Who it is for

• Traders comfortable with frequent small losses and occasional large trend winners
• Traders who prefer a few trades a day and positions that can stay open for days

How it works

1. Trend filter. The last closed H1 and M15 bars must both be above, or both below, their trend moving average.
2. Pullback entry. An M1 candle touches the pullback moving average and closes back in the trend direction, inside the two daily windows.
3. Protected order. The stop loss is a fixed percentage of the price and the take profit a multiple of the stop distance. The stop loss and the take profit are part of the order request, and the EA checks the stops against the broker's minimum stop distance before sending. If the broker rejects stops in the order request, the EA opens the trade and attaches them right after; a trade that still has no stop loss is closed by the EA. After a connection timeout the EA waits to confirm the order instead of sending it again.
4. Management. The stop moves to break-even once the trade has gained one stop distance. No trailing, no partial close.

A trade can stay open after the entry windows. The EA uses M1 bars for timing, but it is a swing system: trades last from minutes to several days.

Setup

• Attach the EA to an XAUUSD M1 chart and enable AutoTrading.
• Use a low-spread account (ECN or raw spread) and a VPS. Results depend on your broker's spread, commission, slippage and swap.
• Default settings (fixed 0.01 lot) are the settings of the published test.
• Balance-based sizing: set Risk per trade, for example 0.5% or 1%. Percentage sizing targets the planned stop-loss risk at order entry. Signals are skipped when the broker's minimum lot exceeds that budget. Slippage, gaps, fees and overnight costs can cause realised losses to exceed the planned amount.
• Suggested balance: 3,000 USD or more for each 0.01 lot.
• Start on a demo account with the smallest lot.

Input parameters

• Risk per trade, % of balance - default 0. 0 uses the fixed lot. Above 0 the lot is calculated from the stop distance so that the planned stop-loss risk matches this percentage; signals are skipped when the broker's minimum lot would exceed it.
• Fixed lot size - default 0.01. Used when the risk is 0. If it is below the broker's minimum lot, the minimum lot is used.
• Max spread to open a trade - default 1.50. In price units: 1.50 means 1.50 USD on XAUUSD. 0 turns the filter off.
• Max spread as % of stop distance - default 3. 0 turns the filter off.
• Gold (XAUUSD) must be above this price - default 3000. Applies to gold symbols only; 0 turns it off. Open trades continue to be managed.
• Max slippage, points - default 30.
• Detect broker GMT offset automatically - default true. Used on live and demo accounts.
• Broker GMT offset, hours - default 0. Used in the Strategy Tester or when detection is off: 0 for a GMT+0 server, 2 or 3 for GMT+2 or GMT+3.
• Magic number - default 26092027. Must be above 0. Change it if another EA on the account uses the same number.

Backtest results (MetaTrader 4 Strategy Tester, hypothetical, not live trading)

• Conditions: Gold Swing Pullback version 2.3, XAUUSD M1, Every tick, modelling quality 99.90%, variable spread
• Period: 2025.01.01 - 2026.09.24
• Deposit and sizing: 10,000 USD, fixed 0.01 lot

• Trades: 286 (135 long, 151 short)
• Profit factor: 1.55
• Net profit: 1,935.18 USD
• Maximal drawdown: 439.89 USD
• Average profit / loss trade: 136.64 / -14.35 USD
• Longest losing streak: 30 trades in a row
• Commission: not included in the tester result; at 7 USD per lot round turn about 20.02 USD for the 2.86 lots traded

With the same trades, profit and drawdown in USD change roughly in proportion to the lot size; margin, costs and lot rounding can change the result.

Other charts

Changing to a timeframe other than M1 activates a different, simplified chart-mode strategy: a trend-pullback rule on the chart's own bars, at any time of day, with a stop loss of 1.5 x ATR(14), a take profit of twice the stop and one position at a time; a signal is skipped when the spread is more than half of the stop distance. That strategy is not covered by the published results, and the gold price filter does not apply to it. All recommendations refer to XAUUSD M1.

Testing in the Strategy Tester

• XAUUSD, M1, model "Every tick", with complete history. Real tick data from your broker gives the most reliable result.
• Use the default settings to reproduce the published test. The free demo of this product runs in the Strategy Tester, so you can check it on your broker's price data before buying.
• Enter your server's offset in Broker GMT offset, hours; the EA cannot detect it in the tester.
• On other timeframes the tester shows the chart-mode strategy described above.

FAQ

• Why is the EA not opening trades? The status panel on the chart shows the current state and the reason for the last skipped signal, for example: it is outside the entry hours (check the broker GMT offset); the price of gold is below the minimum gold price input (3000 by default); the spread is above the limit; the broker's minimum lot would exceed the risk setting (risk % mode); chart history is still loading. Also check that AutoTrading is enabled.
• Fixed lot or risk %? The default fixed 0.01 lot is the setting of the published test. Risk % sizes each trade from its stop distance. Percentage sizing targets the planned stop-loss risk at order entry. Signals are skipped when the broker's minimum lot exceeds that budget. Slippage, gaps, fees and overnight costs can cause realised losses to exceed the planned amount.
• Are losing streaks normal? Yes. In the published test the longest losing streak was 30 trades in a row. Size the account so that such a streak is acceptable.
• Which GMT offset should I use? On live and demo accounts the offset is detected from the clock and logged once a day in the Experts tab. In the Strategy Tester enter your server's offset manually; for servers that switch between GMT+2 and GMT+3, tester results are approximate.
• Can I run it together with other EAs? Yes, with a different magic number for each EA. Each EA manages only its own trades; the total exposure of several EAs is not limited automatically.
• What happens on other timeframes? On a chart other than M1 the EA runs a different, simplified chart-mode rule that is not covered by the published results. Use the recommended chart.
• How do I update the EA? Update when no position is open.
• Does it use AI? No. It follows fixed, rule-based logic.

Risk warning

Trading leveraged products such as gold CFDs carries a high level of risk and may result in the loss of your entire deposit. Backtest results are hypothetical and do not guarantee future results. Test on a demo account first and trade only with money you can afford to lose.

Support

For questions and help with the setup, send me a private message on MQL5 or write in the Comments tab of this product.