Gold Level X
- Uzmanlar
-
Mohd Feroze
Professional Algorithmic Trading Developer specializing in high-performance Meta Trader 5 Expert Advisors. I design robust, rule-based trading systems for Gold (XAUUSD), combining quantitative strategies, disciplined risk management, and continuous product improvements. Dedicated to delivering - Sürüm: 1.0
- Etkinleştirmeler: 5
Gold Level X — Automated Level-Based Trading EA for XAUUSD
Gold Level X is an automated Expert Advisor for MetaTrader 5, built for level-based trading on XAUUSD. It combines configurable trading cycles, level spacing, pending-order execution, flexible money management, and built-in protection controls in a single, ready-to-use system.
The EA is designed to work directly from the MT5 Inputs — no external .set file is required.
Key Features
- Level-Based Trading — Configurable trading cycles, level spacing, stop-loss, take-profit and execution settings.
- Strategy Selector — Choose the money-management mode directly from the EA inputs.
- Balance-Based Money Management — Optional balance-scaled lot sizing to automatically adjust exposure as account balance changes.
- News Protection — Optional protection using the native MT5 Economic Calendar to detect high-impact USD events. New entries can be blocked around qualifying news while existing positions continue to be managed.
- Friday Weekend Protection — Optional protection with a configurable cutoff time to prevent new trades and manage pending orders before the weekend.
- Trailing Management — Optional trailing for active market positions.
- Live Dashboard — Clean on-chart panel showing account info, spread, lot size, open positions, pending orders, news status, Friday protection status and overall EA status.
- Level Lines — Optional on-chart visualization of the EA's trading structure for easier monitoring.
Key Parameters
| Parameter | Description |
|---|---|
| Trading Symbol | XAUUSD |
| Main Timeframe | H1 |
| Trading Cycles | 3 / 9 / 15 |
| Level Validity | 96 hours |
| Stop Loss | Configurable |
| Take Profit | Configurable |
| Stand-off Distance | Configurable |
| Lot Sizing | Fixed / Deposit Load / Balance Based |
| News Protection | Optional |
| Friday Protection | Optional |
| Trailing | Optional |
| Live Dashboard | Optional |
| Level Lines | Optional |
Simple Setup
Attach Gold Level X to your preferred XAUUSD chart and configure the inputs according to your account and broker conditions. No external SET file is required.
The main controls are available directly inside the MT5 Inputs:
- Select the money-management mode
- Configure trading cycles and level settings
- Enable or disable News Protection
- Enable or disable Friday Weekend Protection
- Enable or disable Trailing Management
- Enable or disable the on-chart Dashboard
- Enable or disable Level Lines
Recommended Starting Balance
Recommended: $500 or more.
A $100 account can be used for testing or very small exposure, but it is not the recommended starting balance for live gold trading. Actual requirements depend on broker contract specifications, leverage, spread and selected lot settings.
Before Going Live
Test the EA in the MT5 Strategy Tester and on a demo account using your intended broker, symbol, leverage and settings before using real funds.
Trading results are not guaranteed. Gold can experience rapid price movements, spreads can change and execution conditions may vary between brokers.
For support or configuration assistance, contact me through the MQL5 messaging system.
Risk Warning
Automated trading involves risk. Gold prices can move rapidly and losses can occur.
Gold Level X does not guarantee profits or prevent losses in all market conditions. Protection features are management controls and should not be considered guaranteed loss limits.
Developed by Mohd Feroze — Algorithmic Trading Developer
