Gold Picker EA v5.0 MT5 is a MetaTrader 5 source-code package for automated XAUUSD trading on the M5 timeframe. The EA uses a single-shot trading approach, focusing on individual trade opportunities rather than continuously accumulating large baskets of positions.

Core Architectural Highlights

• Full MT5 Access: Includes the complete, uncompiled .MT5 file with zero restrictions—granting developers full capability to inspect algorithms, integrate custom indicators, adjust entry rules, or rebrand the system.
• Specialized Gold (XAUUSD) Execution Engine: Calibrated to handle the unique liquidity profiles, volatility expansions, and spread dynamics of the gold market.
• Fully Customizable Algorithmic Logic: Enables quantitative traders to fine-tune signal generation, stop-loss calculations, trailing mechanisms, and time-session filters directly at the source-code level.
• Native MetaTrader 5 Architecture: Built to leverage MT5 multi-thread strategy testing, fast order routing, and low-latency execution capabilities.
• White-Label & Rebranding Ready: Acts as a modular base framework for developers building proprietary EAs, commercial trading tools, or specialized prop-firm trading algorithms.
• Complete Parameter Visibility: Eliminates black-box reliance by exposing all operational settings, execution filters, and risk controls within the MQL5 project structure.

Technical Specifications & Recommended Setup

Trading Platform : MetaTrader 5 (MT5)

• Supported Symbol : XAUUSD / GOLD
• Compatible Timeframes : M5 / M15 / H1 (Configurable at source level)
• Source Code Format : Open MQ5 File (Editable, Rebrandable & White-Label Ready)
• Programming Language : Native MQL5
• Minimum Account Equity : $500 USD (Standard Account or Cent equivalent)
• Broker Compatibility : Low-Spread ECN / Raw Spread / Standard MT5 Brokers
• Infrastructure : Continuous 24/5 Low-Latency Windows VPS (< 5ms server latency)

Key External Input Parameters

1. Signal & Strategy Controls

• StrategyMode: Configures active signal generation logic (e.g., Breakout, Momentum, or Structural Mean Reversion).
• IndicatorPeriod: Adjusts historical bar lookback for technical indicator filters.
• MaxSpread_Points: Maximum allowable spread threshold to block order execution during news releases or daily rollover gaps.

2. Money & Risk Management

• RiskMode: Selects between Fixed Lot Allocation and Auto-Lot Percentage Sizing based on account equity.
• BaseLotSize: Manual position volume per order sequence when fixed lot mode is enabled (Default: 0.01).
• RiskPercentPerTrade: Allocates dynamic position size as a percentage of available equity.
• MaxAccountDrawdown (%): Hard equity circuit breaker built into the code to halt trading if floating loss reaches a set boundary.

3. Trade Execution & Protection

• StopLoss_Points: Hard Stop Loss boundary applied immediately upon order placement.
• TakeProfit_Points: Predefined target profit distance in points.
• EnableTrailingStop: Toggles automated trailing stop functionality to lock in gains as price advances.
• TrailingStart_Points / TrailingStep_Points: Activation threshold and increment step for dynamic trailing stop logic.
• MagicNumber: Unique order identifier code to segregate GoldPicker V5 trades on shared MT5 accounts.

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.

Important information!

For the first 2 weeks, trade on a demo account or a cent account (to choose the best trading conditions for yourself)

Install a trading advisor on a VPS

Real Account Profit Recorded every Friday (end of the trading week)

What’s in the package?

Experts:

• Gold Picker EA v5.0 MT5.ex5

Presets

• pickerfile.set

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Disclaimer:

The EAs sold on our channel are not created by us.

We are only resellers of these EAs and the EA performance cannot be guaranteed or predicted.

Past performance is no guarantee of future results. We seek the EA on an ‘as is’ basis and only the version mentioned is being sold.

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