This MetaTrader 5 expert advisor is designed for scalping gold on the M1 timeframe. It features a versatile strategy engine capable of toggling between breakout and mean-reversion modes based on market conditions. The system manages trades using ATR-based trailing stops, break-even adjustments, and time-based exits. Ri
Trading robot · MT5
Golden Bar
Golden Bar is an expert advisor for MetaTrader 5 that draws a weekly price level grid on the XAUUSD gold chart.
GitHub stars1
Forks0
Last update8 days ago3 Oct 2026
LicenceMIT
Overview
Golden Bar enters long or short trades on bounces from these levels once all active filters agree, including ADX strength, SMA trend, good ratio proximity, and optional session windows. It exits trades at take profit or moves stop loss to break even after a 0.5 dollar price move in profit. Lot sizing uses one of six risk level presets with an optional dynamic recalculation based on equity.
- Weekly Level Grid
- Level Bounce Entries
- Risk Level Lot Sizing
- Break Even
- ADX SMA Filters
Details
Author
MrOwl1011 on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Mean reversion, Breakout
Markets
Gold
Timeframes
Any timeframe
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
Input Parameters
Read from Gold Bar.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
UseDynamicLotSize | bool | false | Switch to DynamicLotSize |
RiskLevel | ENUM_RISK_LEVEL | RISK_LOW | Risk Level |
UseBreakEven | bool | true | Move SL to break-even |
BreakEvenTrigger | double | 0.5 | Profit ($ price move) that triggers break-even |
BreakEvenOffset | double | 0.15 | SL placed this many $ beyond the open price |
UseADXFilter | bool | true | Use ADX strength filter |
ADXPeriod | int | 14 | ADX period |
ADXMinLevel | double | 30.0 | ADX must be above this |
UseDIFilter | bool | false | Use +DI/-DI direction filter |
UseSMAFilter | bool | true | Use price vs SMA filter |
FastSMAPeriod | int | 45 | Fast SMA period |
SlowSMAPeriod | int | 150 | Slow SMA period |
Show all 19 inputs
| Name | Type | Default | Description |
|---|---|---|---|
UseRatioFilter | bool | true | Use good-ratio filter (close near level) |
GoodRatioInput | double | 4.5 | Good ratio value |
UseSessionFilter | bool | false | Use trading session filter |
Session1StartHour | int | 4 | Session 1 start hour |
Session1EndHour | int | 7 | Session 1 end hour |
Session2StartHour | int | 10 | Session 2 start hour |
Session2EndHour | int | 3 | Session 2 end hour |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone MrOwl1011/Xauusd-levels 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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