Golden Structure: Free MT5 Expert Advisor

Overview

Golden Structure uses an exponential moving average to determine the primary market bias and enters trades based on price action rejection wicks following a pullback. The EA prioritizes risk control with automated lot sizing per trade, a daily equity drawdown limit, and a multi-level trailing stop with break-even functionality. Additionally, it features a news filter to manage volatility during high-impact economic releases.

Automated risk calculation per trade

Hard daily equity loss protection

Multi-stage trailing stop and break-even logic

One trade per candle execution lock

Integrated USD news filter

Details

Author

edisonq on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Trend following, News

Markets

Gold

Timeframes

M1-M5, M15-H1, H4 and above

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

Golden StructureV1.mq5

Source

github.com/edisonq/Golden-Structure-V1

Input Parameters

Read from Golden StructureV1.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`InpRiskPercent`	`double`	`2.0`	Risk per trade
`InpRewardRatio`	`double`	`2.0`	Reward Multiplier
`InpMaxDailyLoss`	`double`	`4.0`	Hard Lock: Stop if Equity drops 4%
`InpUseNewsFilter`	`bool`	`true`	News Filter
`InpNewsCurrency`	`string`	`USD`	Currency to watch (USD, EUR, etc.)
`InpNewsBeforeMins`	`int`	`60`	Mins before news
`InpNewsAfterMins`	`int`	`30`	Mins after news
`InpEMAPeriod`	`int`	`50`
`InpTrendTF`	`ENUM_TIMEFRAMES`	`PERIOD_D1`	Trend Timeframe
`InpEntryTF`	`ENUM_TIMEFRAMES`	`PERIOD_H1`	Entry Timeframe
`InpCandleLock`	`bool`	`true`	CRITICAL: One trade per candle only
`InpATRPeriod`	`int`	`14`

Show all 24 inputs

Name	Type	Default	Description
`InpATRMultiplier`	`double`	`1.5`
`InpMinWickSize`	`int`	`30`	Min Wick Points (Future: Upgrade to ATR %)
`InpBufferPoints`	`int`	`50`
`InpExpirationHrs`	`int`	`3`
`InpUseTrailing`	`bool`	`true`
`InpTrailStep1`	`double`	`40.0`
`InpBreakevenPoints`	`int`	`10`
`InpTrailStep2`	`double`	`70.0`
`InpTrailLock2`	`double`	`30.0`
`InpTrailStep3`	`double`	`90.0`
`InpTrailLock3`	`double`	`80.0`
`InpMagicNumber`	`int`	`1515`	Unique ID for V15

How to Install It

1Download the sourceUse "Download source (.zip)" above, or clone edisonq/Golden-Structure-V1 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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