Gold Trading EA: Free MT5 Expert Advisor

Overview

Gold Trading EA utilizes a combination of RSI for overbought and oversold levels, MACD for momentum, and Simple Moving Average crossovers for trend confirmation. The EA enters trades when multiple indicators align and manages them using fixed or dynamic lot sizing based on account risk percentages. Risk controls include hard stop losses, take profit targets, a trailing stop feature, and a maximum drawdown protection mechanism that halts trading if equity limits are breached.

Multi-indicator signal validation using RSI, MACD, and SMA

Automated lot sizing based on percentage risk per trade

Maximum drawdown protection with trading halt trigger

Dynamic trailing stop loss for position management

Details

Author

shamshyder123-oss on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Trend following, Indicator crossover, Mean reversion

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

GoldTradingEA.mq5

Source

github.com/shamshyder123-oss/gold-trading-ea

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone shamshyder123-oss/gold-trading-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, 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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