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This MetaTrader expert advisor functions as a trade manager that automates stop loss adjustments for existing positions. It specifically waits until a trade reaches a user-defined profit threshold in points before initiating a trailing stop. The tool includes flexible filtering options to manage specific symbols, magic
Trade manager · MT5
Gold Basket Guard
Gold Basket Guard is an open-source position manager for MetaTrader 5, designed primarily for trading gold (XAUUSD).
GitHub stars1
Forks0
Last update10 days ago29 Oct 2026
LicenceNone stated
Overview
Gold Basket Guard monitors open positions across specified symbol filters and magic numbers, automatically applying and synchronizing group take profit and stop loss levels. The EA provides break-even functionality based on group pips, monetary targets, or equity percentage, moving stop losses to lock in gains or closing partial positions. It also includes multi-mode trailing stop functionality, news filtering options, and an emergency account risk protection system that can close all positions. It does not open new trades independently.
- Group SL and TP synchronization across tickets
- Automated break-even positioning and partial closes
- Multiple trailing stop modes including step and dynamic distance
- Emergency account risk protection and close-all controls
- On-chart reporting panel for MT5
Details
Author
umberlla19733 on GitHub
Type
Platform
Markets
Timeframes
Any timeframe
Risk Profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA Files
Input Parameters
Read from GoldBasketGuard.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
InpMagicFilter | long | 0 | Magic filter (0 = all magics of this symbol) |
InpOnlyThisChartSymbol | bool | true | Only positions of the chart symbol |
InpSymbolsFilter | string | | Extra symbol whitelist, comma separated (empty = off) |
InpCommentFilter | string | | Position comment contains (empty = off) |
InpIncludeBuy | bool | true | Include BUY positions |
InpIncludeSell | bool | true | Include SELL positions |
InpOnlyAfterAttach | bool | false | Manage only positions opened after EA attach |
InpIgnoreManualTickets | bool | false | Ignore tickets with empty comment (manual trades) |
InpApplyMode | ENUM_APPLY_MODE | APPLY_SAME_LEVEL | How TP/SL is distributed over tickets |
InpSLPips | double | 300.0 | Group SL distance, pips (0 = do not set) |
InpTPPips | double | 500.0 | Group TP distance, pips (0 = do not set) |
InpOverwriteExisting | bool | true | Overwrite SL/TP already present on a ticket |
Show all 40 inputs
| Name | Type | Default | Description |
|---|---|---|---|
InpAutoApplyToNew | bool | true | Auto-apply to every newly opened position |
InpAutoApplyOnStart | bool | true | Apply group TP/SL to existing positions at startup |
InpReapplyEveryCycle | bool | true | Keep the levels glued every cycle: nothing to press by hand |
InpAbsSLPrice | double | 0.0 | Absolute group SL price (0 = use pips) |
InpAbsTPPrice | double | 0.0 | Absolute group TP price (0 = use pips) |
InpMirrorSL | bool | true | If I edit SL on one ticket -> apply to all |
InpMirrorTP | bool | true | If I edit TP on one ticket -> apply to all |
InpMirrorMode | ENUM_APPLY_MODE | APPLY_SAME_LEVEL | Mirror as: same price / same distance |
InpMirrorGuardMs | int | 250 | Max ms to wait for the echo of our own modify |
InpBeMode | ENUM_BE_MODE | BE_BASKET_PIPS | Risk-free trigger |
InpBeTriggerPips | double | 200.0 | Trigger: pips in profit (ticket/basket modes) |
InpBeTriggerMoney | double | 300.0 | Trigger: group profit in money (account ccy) |
InpBeTriggerPctEquity | double | 2.0 | Trigger: group profit % of equity |
InpBeLockPips | double | 10.0 | Lock: how many pips beyond entry (can be 0) |
InpBeLevel | ENUM_BE_LEVEL | BELVL_OWN_ENTRY | Where to put the SL |
InpBeOnlyIfProfitable | bool | true | Skip tickets that are still losing |
InpBeOneShot | bool | true | Do it once per ticket (never touch SL again) |
InpBeClosePartial | bool | false | Also close part of the group at trigger |
InpBeClosePartialPct | double | 30.0 | % of group volume to close |
InpBeUseHardTpInstead | bool | false | Move TP to lock instead of SL (no SL change) |
InpTrailMode | ENUM_TRAIL_MODE | TRAIL_STEP | Trailing mode |
InpTrailStartPips | double | 250.0 | Start trailing after N pips in profit |
InpTrailStepPips | double | 30.0 | Step: lock N pips each time (STEP mode) |
InpTrailDistPips | double | 120.0 | Fixed distance behind price (FIXED mode) |
InpTrailMinPips | double | 40.0 | Min distance to price (LINEAR mode) |
InpTrailCoefPct | double | 25.0 | Shrink coef % of extra profit (LINEAR) |
InpTrailMaxPips | double | 200.0 | Max distance cap (LINEAR mode) |
InpTrailFollowGroup | bool | true | Trigger trailing on group avg, not per ticket |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone umberlla19733/my-new-trading-system from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
- 3Copy the filesCopy the .mq5 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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