Gold Strategies: Free MT5 Expert Advisor

Overview

The primary mean reversion strategy utilizes RSI, Bollinger Bands, and previous daily highs and lows to identify reversal points. It includes comprehensive risk controls such as ATR-based stop losses, hard lot caps, and a margin safety filter. The system can manage active trades through partial closes and break-even adjustments. Advanced filtering options include ADX trend strength, EMA slope detection, and specific session time windows.

RSI and Bollinger Band signal logic

ATR-based dynamic stop loss and fixed point exits

Session-based trading filters

Partial close and break-even management

ADX and EMA slope trend filtering

Details

Author

Zeeshan-Ahmad-Chaudhry on GitHub

Type

Collection

Platform

MetaTrader 5 (MQL5)

Strategy

Mean reversion, Trend following

Markets

Gold

Timeframes

M15-H1

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

Source

github.com/Zeeshan-Ahmad-Chaudhry/Gold-Strategies

Input parameters

Read from XAU_RangeMeanReversion.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`Inp_Symbol`	`string`	`XAUUSD`	Symbol
`Inp_Timeframe`	`ENUM_TIMEFRAMES`	`PERIOD_M15`	Signal timeframe
`Inp_RSI_Period`	`int`	`14`
`Inp_RSI_Oversold`	`double`	`30.0`
`Inp_RSI_Overbought`	`double`	`70.0`
`Inp_BB_Period`	`int`	`20`
`Inp_BB_Dev`	`double`	`2.0`
`Inp_ATR_Period`	`int`	`14`
`Inp_Range_Source`	`RangeMode`	`RANGE_YESTERDAY_HL`
`Inp_Manual_Support`	`double`	`1950.00`
`Inp_Manual_Resistance`	`double`	`2000.00`
`Inp_RangeLookbackBars`	`int`	`24`	looser than 48

Show all 40 inputs

Name	Type	Default	Description
`Inp_MinRangePoints`	`double`	`400`	width in points
`Inp_ProximityATRmult`	`double`	`0.40`
`Inp_ExtraProximityPts`	`int`	`200`
`Inp_RequireBandTouch`	`bool`	`false`	now soft
`Inp_UseEngulfing`	`bool`	`false`
`Inp_ADX_Filter`	`double`	`18.0`	moderate ADX
`Inp_ADX_TF`	`ENUM_TIMEFRAMES`	`PERIOD_H1`	compute on H1
`Inp_UseEMASlopeFilter`	`bool`	`true`
`Inp_EMA_Period`	`int`	`200`
`Inp_EMA_SlopePtsMin`	`double`	`30`	per-bar slope in points on H1
`Inp_UseSessionFilter`	`bool`	`true`
`Inp_Session1_StartHour`	`int`	`22`	22:00
`Inp_Session1_EndHour`	`int`	`8`	08:00 (wrap allowed)
`Inp_Session2_Enable`	`bool`	`false`
`Inp_Session2_StartHour`	`int`	`12`	optional second window
`Inp_Session2_EndHour`	`int`	`16`
`Inp_Risk_Percent`	`double`	`0.05`	0.05% per trade
`Inp_Stop_ATR_mult`	`double`	`1.00`
`Inp_Stop_FixedPts`	`int`	`400`
`Inp_MinStopPoints`	`int`	`500`	enforce broker + this
`Inp_MarginSafety`	`double`	`0.85`	use <=85% of free margin
`Inp_MaxLots`	`double`	`0.30`	hard cap
`Inp_PartialCloseRatio`	`double`	`0.50`
`Inp_UseOppositeBandForTP`	`bool`	`true`
`Inp_MoveSL_to_BE_at_1R`	`bool`	`true`
`Inp_CooldownBars`	`int`	`8`
`Inp_Trade_Long`	`bool`	`true`
`Inp_Trade_Short`	`bool`	`true`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone Zeeshan-Ahmad-Chaudhry/Gold-Strategies 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.

Similar expert advisors

Kecoma Trading Collection

by kecoma1

140

This repository provides a collection of Expert Advisors for MetaTrader 5 and Python trading scripts developed for an educational YouTube series. It features various technical indicator-based strategies, including MACD, Relative Strength Index, Stochastic, and Bollinger Bands. The included MQL5 files implement multi-ti

MT5 Collection Indicator crossoverMean reversionTrend following

Updated 3 years ago None stated GitHub

Pipbolt MT5 Expert Collection

by pipbolt

This collection features several expert advisors for the MetaTrader 5 platform, each built around a different technical indicator such as MACD, RSI, Parabolic SAR, and Ichimoku Kinko Hyo. The robots execute trades based on classic signal logic, including zero-line crossings and signal line crossovers. Users can configu

MT5 Collection Indicator crossoverTrend followingMean reversion

Updated 6 years ago Custom licence GitHub

NetAlgo EA Collection

by santiago-cruzlopez

This repository contains a diverse collection of automated trading robots for the MetaTrader 5 platform. The strategies range from trend-following systems using True Strength Index (TSI) and Moving Average crossovers to mean-reversion tools utilizing Relative Strength Index (RSI) and Bollinger Bands. Most experts inclu

MT5 Collection Trend followingScalpingMartingale High risk

Updated 7 months ago MIT GitHub

Build Your Own MT5 EA

by jimtin

This educational collection provides a foundation for building MetaTrader 5 expert advisors through a series of modular code snippets and a primary RSI-based trading robot. The included expert advisor executes trades based on Relative Strength Index overbought and oversold levels, supporting both live and closed candle

MT5 Collection Mean reversionIndicator crossoverTrend following

Updated 1 year ago MIT GitHub

MQL5 Expert Advisor Signal Collection

by monir71

This repository provides a diverse collection of MetaTrader 5 expert advisors focusing on technical indicator automation. The core component aggregates signals from a wide array of standard tools, including trend-following moving averages, oscillators like RSI and MACD, and Bill Williams indicators. It includes specifi

MT5 Collection Trend followingIndicator crossoverMulti-strategy

Updated 1 year ago None stated GitHub

DaxAlgo Trading Strategies

by dhruuvsharma

This collection of MetaTrader 5 expert advisors focuses on order flow, microstructure, and scalping strategies. It includes tools for cumulative delta scalping, swing pivot fading, and bridging external signals from TradingView via file monitoring. The suite features robust risk controls such as daily loss and profit l

MT5 Collection ScalpingMean reversionTrend following

Updated 4 months ago MIT GitHub