Gold Trader EA: Free MT5 Expert Advisor

Overview

Gold Trader EA employs a fusion engine that combines up to 14 different technical analysis methods, including candlestick patterns, chart patterns, price action, and institutional levels. The system requires a user-defined number of concurrent signals to enter a trade, ensuring high-confluence setups. Risk management features include ATR-based dynamic stop loss and take profit levels, a main trend filter using a 100-period moving average, and flexible lot sizing based on account equity.

Multi-strategy fusion engine with 14 analysis techniques

Dynamic ATR-based position sizing and stop loss

Multi-layer signal confirmation system

Institutional support and resistance level detection

Details

Author

mehdi-jahani on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Multi-strategy, Trend following, Indicator crossover, SMC / ICT / price action

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

GoldTraderEA.mq5

Source

github.com/mehdi-jahani/GoldTraderEA

Input parameters

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

Name	Type	Default	Description
`Symbol_Name`	`string`	`XAUUSD`	Trading symbol
`Timeframe`	`ENUM_TIMEFRAMES`	`PERIOD_H1`	Timeframe
`Risk_Percent`	`double`	`1.0`	Risk percentage per trade from capital (1%)
`Fixed_Lot_Size`	`double`	`0.1`	Fixed lot size (if 0, use risk percentage)
`Max_Lot_Size`	`double`	`0.3`	Maximum lot size
`Max_Position_Volume`	`double`	`1.0`	Maximum volume of open positions
`Max_Positions`	`int`	`1`	Maximum number of open positions
`Max_Simultaneous_Trades`	`int`	`1`	Maximum number of simultaneous trades
`Min_Confirmations`	`int`	`7`	Minimum number of confirmations
`General_Settings`	`string`	`---- General Settings ----`	Main parameters
`Magic_Number`	`int`	`123456`	Robot identification number
`Require_MainTrend_Alignment`	`bool`	`true`	Align trades with the main trend (100 moving average)

Show all 40 inputs

Name	Type	Default	Description
`Use_CandlePatterns`	`bool`	`true`	Use candle patterns
`Use_ChartPatterns`	`bool`	`true`	Use chart patterns
`Use_PriceAction`	`bool`	`true`	Use price action
`Use_ElliottWaves`	`bool`	`false`	Use Elliott waves
`Use_Indicators`	`bool`	`true`	Use indicators
`Use_Divergence`	`bool`	`true`	Use divergences
`Use_SupportResistance`	`bool`	`true`	Use support and resistance levels
`Use_HarmonicPatterns`	`bool`	`false`	Use harmonic patterns
`Use_MACrossover`	`bool`	`true`	Use moving average crossovers
`Use_PivotPoints`	`bool`	`true`	Use pivot points
`Use_TimeAnalysis`	`bool`	`true`	Use time analysis
`Use_VolumeAnalysis`	`bool`	`true`	Use volume analysis
`Use_WolfeWaves`	`bool`	`false`	Use Wolfe waves
`Use_MultiTimeframe`	`bool`	`true`	Use multi-timeframe analysis
`G_Debug`	`bool`	`false`	Enable debug messages
`StopLoss_Pips`	`int`	`100`	Default stop loss (pips)
`TakeProfit_Pips`	`int`	`150`	Take profit in pips (increased from 100 to 150)
`Use_Dynamic_StopLoss`	`bool`	`true`	Use dynamic stop loss
`ATR_Period`	`int`	`14`	ATR period
`ATR_StopLoss_Multiplier`	`double`	`2.0`	ATR multiplier for stop loss (increased from 1.5 to 2.0)
`ATR_TakeProfit_Multiplier`	`double`	`4.0`	ATR multiplier for take profit (increased from 3.0 to 4.0)
`Use_SR_Levels`	`bool`	`true`	Use support/resistance levels for stop loss/profit
`max_trades_per_candle`	`int`	`1`	Maximum number of trades allowed per candle
`MA_Trend_Period`	`int`	`100`	Moving average period for determining the main trend
`Use_Main_Trend_Filter`	`bool`	`true`	Use main trend filter
`CandlePatterns_Weight`	`int`	`1`	Weight of candle patterns
`ChartPatterns_Weight`	`int`	`2`	Weight of chart patterns
`PriceAction_Weight`	`int`	`2`	Weight of price action

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone mehdi-jahani/GoldTraderEA 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, and any .mqh files into the Include folder the code expects.

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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