Little Golden Razer EA MT5

Golden Razer Pro – XAUUSD H1 Expert Advisor

Golden Razer Pro is an automated Expert Advisor designed exclusively for Gold (XAUUSD) on the H1 timeframe. It looks for momentum breakouts in the direction of the trend and opens one trade at a time, always with a Stop Loss and a Take Profit.


Purchase the Pro version here to increase the lot size for the Golden Razer Pro EA MT5.


    Main features

    • Fixed lot: 0.01. The lot size is built in and cannot be changed. If your broker’s minimum lot is higher, the EA uses the broker’s minimum.
    • Broker-independent TP/SL. Values are set in units of $0.10 of price, so they work the same on 2-digit and 3-digit gold brokers. No zeros to add or remove. Default: Take Profit 750 ($75.00) and Stop Loss 500 ($50.00).
    • Account protection. Optional daily loss and overall loss limits that stop new trades.
    • Execution filters. Maximum spread and maximum slippage.
    • Statistics panel (top-left of the chart): balance, profit today, this week, this month and total, spread, total drawdown (%) and EA status. Profits are shown in USD with + or − sign. The panel can be minimized, maximized or closed.
    • Optional chart theme in emerald, gold and black (candles, background and Bid/Ask lines, with grid and volume hidden).

    Requirements and recommendations

    • Symbol: XAUUSD (or your broker’s gold symbol, e.g. XAUUSD.m). Timeframe: H1. Use it on one chart only.
    • Account type: hedging or netting. A low-spread (ECN/raw) account is recommended.
    • With 0.01 lots, a Stop Loss of $50 means roughly $50 risked per trade. Choose a balance that you are comfortable with.
    • A VPS is recommended for continuous operation.
    • Enable Algo Trading in your terminal.

    Main settings

    • Require extra confirmation before opening
    • Breakout lookback (bars)
    • Take profit / Stop loss (units of $0.10)
    • Daily and overall loss limits (%)
    • Max spread / Max slippage
    • Magic number and order comment
    • Entries only on a new H1 bar / Only one trade per day
    • Chart theme and statistics panel options

    Risk warning: Trading gold involves a high level of risk. Past results and backtests do not guarantee future performance. Test the Expert Advisor on a demo account first and never risk money you cannot afford to lose.


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