Trading robot · MT5

MQ5 Sniper XAUUSD

by HD-muhammad

This MetaTrader 5 expert advisor is designed for gold trading using a trend-following approach.

GitHub stars1
Forks0
Last update11 months ago22 Oct 2025
LicenceNone stated

Overview

MQ5 Sniper XAUUSD identifies entries through dual Exponential Moving Averages across multiple timeframes, specifically utilizing M5 for entries and H1 for trend confirmation. Risk management is a primary focus, featuring ATR-based stop losses, trailing stops, and a fixed reward-to-risk ratio. To protect the account, the system enforces a maximum daily loss percentage, a trade count limit per day, and an automated kill switch if equity drawdown exceeds a set threshold.

Details

Author

HD-muhammad on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Indicator crossover, Trend following

Markets

Gold

Timeframes

M1-M5, 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.

Input Parameters

Read from MQ5SniperXAUUSD.mq5. Defaults are the author's; change them in the EA's Inputs tab.

NameTypeDefaultDescription
StartCapitaldouble100.0Reference capital for backtests
DailyTargetPercentdouble5.0Daily compounding target percent
MaxRiskPercentPerTradedouble1.0Maximum risk per trade
MaxDailyLossPercentdouble10.0Maximum daily loss percent
MaxTradesPerDayint3Maximum number of trades per day
MaxSpreadPointsint50Maximum spread (points)
MaxSlippagePointsint200Maximum slippage (points)
MagicNumberulong605050Unique magic number
MinDistancePipsEntryint50Minimum distance in points for limit orders
UseLimitOrdersbooltrueEnable sniper limit entries
TradeStartHourint0Trading start hour (server time)
TradeEndHourint23Trading end hour (server time)
Show all 34 inputs
NameTypeDefaultDescription
AllowNewsFilterboolfalsePlaceholder toggle for news filter
AccountLeverageint2000Reference leverage
MaxLotdouble50.0Broker maximum lot
MinLotdouble0.01Broker minimum lot
LotStepdouble0.01Broker lot step
EnablePartialCloseboolfalseEnable partial closing
PartialClosePercentint50Percent to close when partial close triggers
LogToFilebooltrueWrite detailed logs to file
PipSizePointsdouble10.0Pip definition in points for gold
BaseTPPipsdouble200.0Default TP in pips (points)
ATRPerioddouble14ATR period for volatility calculations
ATRMultiplierSLdouble1.5SL = ATR * multiplier
RewardToRiskdouble2.0Reward-to-risk ratio for TP
EntryTimeframeENUM_TIMEFRAMESPERIOD_M5Entry timeframe
ConfirmationTfENUM_TIMEFRAMESPERIOD_H1Confirmation timeframe
FastEMAint21Fast EMA period
SlowEMAint55Slow EMA period
KillSwitchDrawdownPercentdouble30.0Disable EA if drawdown exceeds this percent of balance
EnableTrailingStopbooltrueEnable ATR trailing stop
TrailingATRMultiplierdouble1.0ATR multiplier for trailing stop
DailyResetHourint0Hour to reset daily statistics
ManualKillSwitchboolfalseManual kill switch to pause trading

How to Install It

  1. 1Download the sourceUse "Download source (.zip)" above, or clone HD-muhammad/XAU-MT5 from GitHub, and unzip it.
  2. 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
  3. 3Copy the filesCopy the .mq5 file into Experts.
  4. 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
  5. 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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