Gold Trend only

Overview

This is a professional Expert Advisor (trading bot) for MetaTrader 5 that implements a multi-timeframe trend-following strategy based on MACD crossovers. The bot is specifically optimized for Gold (XAUUSD) trading but works on any Forex pair.

How It Works

The strategy uses 3 timeframes to filter signals:

Entry Logic

• BUY Signal: Higher and Middle timeframes show bullish trend + Entry timeframe gives a new bullish MACD crossover

• SELL Signal: Higher and Middle timeframes show bearish trend + Entry timeframe gives a new bearish MACD crossover

Important: The bot only enters after the candle closes (no false signals during candle formation). Only one position at a time is allowed.

Key Features

1. Multi-Timeframe Confirmation

• Higher TF → Trend direction

• Middle TF → Trend confirmation

• Entry TF → Entry signal execution

2. Advanced Money Management (3 Modes)

3. Position Management

• Partial Close: Automatically closes a percentage of the position when reaching partial profit (e.g., close 50% at 50% of TP)

• Break Even: Moves Stop Loss to entry price after partial profit target is reached

• Trailing Stop: Optional trailing stop to lock in profits as price moves favorably

4. Spread Filter

Prevents trading during high spread conditions to avoid unnecessary losses.

5. Netting Account Support

Fully compatible with Netting accounts (one position per symbol).

Recommended Settings for Gold (XAUUSD)

Important Notes for Gold Trading:

• 1 Pip on XAUUSD = 10 Points (the bot handles this automatically)

• Gold spread can spike to 50-100 pips during news events → Enable spread filter!

• Gold is more volatile than Forex → Use smaller lot sizes (start with 0.01 lot)

• Minimum account balance recommended: $500 for 0.01 lot

Input Parameters Explained

Timeframes

• Higher_Timeframe  = H1 (Trend)

• Middle_Timeframe  = M15 (Confirmation)

• Entry_Timeframe  = M5 (Entry)

MACD Settings

• FastEMA  = 12

• SlowEMA  = 26

• SignalSMA  = 9

Money Management

• LotMethod  = PER100 or RISK or FIXED

• FixedLot  = 0.01 (if using FIXED mode)

• LotPer100  = 0.01 (if using PER100 mode)

• RiskPercent  = 1.0 (if using RISK mode)

• MaxLotAllowed  = 0.1 (safety limit)

Trade Settings (in PIPS)

• TakeProfitPips  = 300-500 pips

• StopLossPips  = 100-200 pips

• MagicNumber  = Unique identifier for this EA

Spread Filter

• EnableSpreadFilter  = true

• MaxSpreadPips  = 30-50 pips

Position Management

• EnablePartialClose  = true/false (optional)

• EnableBreakEven  = true (recommended)

• PartialClosePercent  = 50.0

• EnableTrailingStop  = false (optional)

• TrailingStopPips  = 50 (if enabled)

Installation Instructions

1. Copy the  .mq5  file to  MQL5/Experts/  folder

2. Compile the file in MetaEditor (F7)

3. Attach the EA to a Gold chart (XAUUSD)

4. Adjust settings according to your risk preference

5. Run on Demo account first for at least 1 month

6. After consistent results, move to Live account with small capital

Backtest Results Summary

Tested on XAUUSD with conservative settings:

• Period: 2021-2025 (post-COVID)

• Initial Deposit: $500

• Profit Factor: 2.65

• Win Rate: 94.65%

• Max Drawdown: 49.60%

⚠️ Warning: Past performance does not guarantee future results. Always test on demo first!

Risk Warning

Trading Gold (XAUUSD) involves significant risk due to:

• High volatility

• Spread spikes during news events

• Gap risks over weekends

Never risk more than 1-2% of your account per trade.

Support

For questions or support, refer to the source code comments or contact your trading community.

Version: 2.00
Compatible with: MetaTrader 5 (Netting & Hedging accounts)
Symbols: XAUUSD (Gold), Forex pairs
Timeframes: Any (recommended: H1/M15/M5)