NeoGOLD

NeoGOLD – Multiple Engine Expert Advisor for Gold

NeoGOLD is a fully automated trend-following Expert Advisor built exclusively for XAUUSD. Its three independent engines look for the start of directional moves and breakouts and aim to stay in the trend while it lasts, using stop losses, partial take-profits and trailing exits to protect profits. Like every trend-following system, NeoGOLD earns most of its profit during strong trending phases, while sideways markets can bring flat or small losing periods – the built-in drawdown protection automatically reduces the risk when such a phase becomes deep.

Key features

• Trend-following approach with three independent engines in one EA – attach to a single XAUUSD chart (M5)

• Every trade has a stop loss – no grid, no martingale, no averaging, no hedging tricks

• Risk-based position sizing: % of balance (compounding) or of a fixed capital

• Drawdown protection that automatically halves the risk during deep drawdowns, until equity makes a new high

• Session filter that pauses one engine during low-liquidity hours

• Spread filter and big-profit cooldown

• Built-in balance check: shows whether your balance is enough for your broker's minimum lot

• Designed for hedging accounts (including cent accounts). On netting accounts only one position is open at a time.

Requirements

• Symbol: XAUUSD (any suffix), timeframe M5

• Low-spread broker

• Minimum balance: $2,000 at the default risk (or 2,000 USC on a cent account where XAUUSD is offered). Below about $4,000 some trades are skipped because their stop loss is too wide for the broker's minimum lot; the balance check on the chart shows OK, LIMITED or LOW.

• VPS recommended

How to install and use

1. Install NeoGOLD from the Market tab in MetaTrader 5 (Toolbox > Market > Purchased).

2. Attach it to one XAUUSD chart, M5, and tick "Allow Algo Trading". Keep the default inputs or adjust the risk per engine.

3. Check the Experts tab for "NeoGOLD: v1.00 started…" and the panel in the top-left corner for the engine status and balance check.

4. Change the magic numbers only if another EA on the same account already uses 26102201, 26102202 or 26102203.

5. For continuous operation, run it on a VPS.

Disclaimer

Past results do not guarantee future results. Drawdowns of 30–40% are possible at the default risk and can be larger in live trading. When testing in the Strategy Tester with a broker whose server time is not GMT, set "Broker GMT offset" in the inputs (on a live account it is detected automatically). Test NeoGOLD on your own broker in the Strategy Tester and on a demo account before going live.