Gold EA MACD enters long positions when the MACD line crosses above the signal line with a positive histogram, and short positions for the opposite crossover. Risk management features include fixed lot sizing, optional stop loss and take profit levels defined in points, and a parameter to limit the maximum number of concurrent open trades. The system is designed for intraday execution, specifically recommended for the H1 timeframe.
Read from Gold_EA.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
FastEMA
int
12
Fast EMA (MACD)
SlowEMA
int
26
Slow EMA (MACD)
SignalEMA
int
9
Signal Line
LotSize
double
0.01
Trading Volume
StopLoss
int
50
SL in Points
TakeProfit
int
100
TP in Points
UseStopLoss
bool
true
Use Stop Loss
UseTakeProfit
bool
true
Use Take Profit
MaxTrades
int
1
Max Open Trades
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone anilgole1041/mt5-gold-ea 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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