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Prem Gold Advisor is an automated MetaTrader 5 expert advisor specialized for XAUUSD (Gold) trading on the five-minute timeframe. It initiates trades using breakout levels placed at specific distances from the candle open. The strategy features a progressive scale-in mechanism, adding new orders as the price hits succe
Trading robot · MT5
Smart Basket Recovery EA
This MetaTrader 5 expert advisor implements a grid-based trading strategy with an integrated recovery mechanism.
High risk
GitHub stars1
Forks0
Last update3 months ago22 Jul 2026
LicenceNone stated
Overview
Smart Basket Recovery EA initiates a series of orders at fixed intervals and manages them as a collective basket. The system utilizes dollar-based targets for profit-taking and loss prevention, including a maximum total loss limit and a recovery trigger. When the recovery state is active, the EA adds positions to mitigate drawdowns. It is designed for XAUUSD and includes features for spread filtering and execution delays. The README is missing.
- Multi-state grid and recovery logic
- Dollar-based basket profit and loss management
- Configurable recovery lot and grid step settings
- Spread filter and execution timing controls
- Automated basket identification via magic number
Details
Author
nguyenvnhieu290302-gif on GitHub
Type
Trading robot
Platform
Markets
Timeframes
Any timeframe
Risk Profile
- Opens a grid of orders: exposure builds up in a trend
- Holds opposite positions at once
- Trades without a fixed stop loss
Input Parameters
Read from SmartBasketRecoveryEA_v3_Optimized.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
LotSize | double | 0.10 | |
GridStep | double | 0.50 | |
InitialOrdersPerSide | int | 5 | |
TargetProfitPerOrder | double | 5.0 | USD profit target per order |
TotalBasketProfit | double | 20.0 | Total basket profit target (USD) |
MaxTotalLoss | double | -10.0 | Max total loss before close all (USD) |
RecoveryTrigger | double | -5.0 | Trigger recovery at this loss (USD) |
ReversalDistance | double | 0.50 | |
RecoveryLot | double | 0.10 | |
RecoveryGridStep | double | 0.50 | |
MaxRecoveryOrders | int | 20 | |
MaxSpreadPoints | int | 500 |
Show all 15 inputs
| Name | Type | Default | Description |
|---|---|---|---|
NewBasketDelaySeconds | int | 3 | |
MagicNumber | ulong | 3692026 | |
EnableLogging | bool | true |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone nguyenvnhieu290302-gif/trading-landing 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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