GoldBarrier: Free MT5 Expert Advisor

Overview

GoldBarrier supports multiple entry modes including breakout and naive controls on M30 timeframes while applying filters for ATR, regime, and trading sessions. Risk controls include max spread, cooldown, daily loss limit, max positions, and fake tick detection that refuses to run on modeled data. It provides statistical verdicts on backtests and benchmarks against buy-and-hold.

Tick Density Detection

Statistical Verdict

Buy and Hold Benchmark

ATR Filter

Session Filter

Details

Author

jalolk on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Breakout, Scalping, 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

Source

github.com/jalolk/xauusd-forex-casino

Input Parameters

Read from GoldBarrier_v2.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`InpTPPercent`	`double`	`0.90`	Take Profit (% of entry)
`InpSLPercent`	`double`	`1.00`	Stop Loss (% of entry)
`InpEntryMode`	`ENUM_ENTRY_MODE`	`ENTRY_NAIVE`
`InpEntryTF`	`ENUM_TIMEFRAMES`	`PERIOD_M30`
`InpPullbackEMA`	`int`	`20`
`InpDonchianBars`	`int`	`20`
`InpRSIPeriod`	`int`	`14`
`InpRSIBuyLevel`	`double`	`45.0`
`InpRSISellLevel`	`double`	`55.0`
`InpUseRegime`	`bool`	`false`
`InpRegimeTF`	`ENUM_TIMEFRAMES`	`PERIOD_H1`
`InpRegimeFastEMA`	`int`	`50`

Show all 37 inputs

Name	Type	Default	Description
`InpRegimeSlowEMA`	`int`	`200`
`InpUseATRFilter`	`bool`	`false`
`InpATRPeriod`	`int`	`14`
`InpMinATRToTarget`	`double`	`3.0`
`InpMaxATRToTarget`	`double`	`20.0`
`InpUseADX`	`bool`	`false`
`InpADXPeriod`	`int`	`14`
`InpADXMin`	`double`	`20.0`
`InpUseSession`	`bool`	`false`
`InpSessionStartHour`	`int`	`8`
`InpSessionEndHour`	`int`	`20`
`InpSizingMode`	`ENUM_SIZING`	`SIZE_FIXED`
`InpFixedLots`	`double`	`0.01`
`InpRiskPercent`	`double`	`0.5`
`InpMaxSpreadPct`	`double`	`0.030`	Max spread % of price (0=off)
`InpMaxOpenPositions`	`int`	`1`
`InpCooldownBars`	`int`	`0`
`InpMaxDailyLossPct`	`double`	`0`	0=off
`InpMaxBarsInTrade`	`int`	`0`	Force-close after N bars (0=off)
`InpTickDensityCheck`	`bool`	`true`	Detect fake tick models
`InpMinTicksPerBar`	`double`	`50.0`	Below this = OHLC modelling
`InpAbortOnFakeTicks`	`bool`	`false`	true = refuse to run at all
`InpMagic`	`ulong`	`880200`
`InpSlippagePoints`	`int`	`30`
`InpVerbose`	`bool`	`false`

How to Install It

1Download the sourceUse "Download source (.zip)" above, or clone jalolk/xauusd-forex-casino 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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