Gold Trend Pullback EA: Free MT5 Expert Advisor

Overview

Gold Trend Pullback EA analyzes H1 trend using fractal swing highs and lows, then identifies pullbacks to EMA 20 on M15 and waits for confirmation candles with volume. It enters market orders within session hours, spread limits, and ATR volatility ranges. Exits use stop loss based on swing points plus ATR buffer and take profit at minimum 2.0 reward to risk ratio. Risk controls include equity percentage lot sizing, maximum 2 trades per day, daily loss limits, and consecutive loss caps. The EA requires manual enablement for live trading and restricts itself to simulation otherwise.

HTF Trend Analysis

Pullback Confirmation

ATR Filters

Risk Percent Sizing

Daily Loss Limits

Details

Author

erikoleci on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Trend following, Mean reversion

Markets

Gold

Timeframes

H4 and above, 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

Experts/Gold_Trend_Pullback_EA.mq5

Source

github.com/erikoleci/gold-xauusd-ea

Input Parameters

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

Name	Type	Default	Description
`EnableLiveTrading`	`bool`	`false`	Must be manually set true for real trading
`MagicNumber`	`ulong`	`20260101`
`RiskPercent`	`double`	`0.5`	% of equity risked per trade
`MaxDailyLossPercent`	`double`	`2.0`	Stop trading for the day if hit
`MaxTradesPerDay`	`int`	`2`
`MaxConsecutiveLosses`	`int`	`2`
`MinimumRR`	`double`	`2.0`	Minimum reward:risk multiple for TP
`SpreadLimitPoints`	`double`	`350`	Max spread (points) to allow entry
`SessionStartHour`	`int`	`8`
`SessionEndHour`	`int`	`16`
`HTF_SwingLookback`	`int`	`2`	fractal bars each side, H1
`EMA_Period`	`int`	`20`

Show all 16 inputs

Name	Type	Default	Description
`ATR_Period`	`int`	`14`
`ATR_SL_BufferMult`	`double`	`0.3`
`ATR_VolFilterMin`	`double`	`0.5`	current ATR must be >= this * avgATR50
`ATR_VolFilterMax`	`double`	`2.5`	current ATR must be <= this * avgATR50

How to Install It

1Download the sourceUse "Download source (.zip)" above, or clone erikoleci/gold-xauusd-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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