NextTrade Gold EA is a rules-based MetaTrader 5 Expert Advisor for XAUUSD (Gold). At its core is a swing-high / swing-low detection engine (configurable timeframe, M15 default) with an optional candle-pattern confirmation filter. Around that sits a stack of independent gates — session filter, Monday-gap protection, MT5 economic-news filter — plus a risk engine: fixed-lot sizing, daily profit target, daily loss limit, max daily orders, max-drawdown halt, and trailing stop. Every input is exposed; every decision is logged to the MT5 journal.
Want to see these features run on real data? View the backtest workflow guide · or read how the decision flow connects them.
Direct answers to the most common questions about how the EA actually trades.
XAUUSD (Gold) only. The EA is single-symbol by design and not intended for other forex pairs or indices.
M15 by default (the sw_custom_tf input). The swing engine evaluates each closed bar on this timeframe.
0.01 fixed lot, set by the fixlot input. Tune this to your equity. There is no risk-percent or money-based sizing.
300 pips (the tp_pips input). SL is configurable in pips (default off, can be set to a fixed value).
No. It opens one trade per signal at a fixed lot. There is no averaging, doubling, or grid logic.
For live trading, yes. MT5 must run 24/5 to catch every bar close. Any low-latency VPS works.
One swing-detection core, with an optional candle-pattern confirmation layer.
Identifies confirmed swing highs (for SELL) and swing lows (for BUY) on the configured timeframe.
Toggle on (use_pattern_filter) to require a recognised candle before any entry fires.
Each filter is an independent gate. A signal must pass every enabled filter before it fires an order.
Sydney (21-06 GMT), Tokyo (00-09), London (07-16), New York (13-22). Toggle independently. Only trade when Gold is actually your market.
Block entries for N hours after Monday open (configurable). Avoids the weekend-gap mess that eats so many Gold accounts.
Reads the MT5 Economic Calendar. Pause N seconds before and after High / Medium / Low impact events. Currency filter included.
Optional confirmation. Require a Hammer, Shooting Star, Morning Star, or Evening Star before any entry. Thresholds tunable.
Fixed-lot sizing, daily profit target, daily loss limit, max daily orders, max-drawdown halt, trailing stop, close-on-opposite.
Daily pivots, swing markers, optional Support / Resistance zones and auto trendlines — toggle each independently.
You always know what the EA is doing — on the chart, in the journal, and on your phone.
Live display of filter states, engine state, daily P/L, daily order count. Reads at a glance.
Fill, SL hit, TP hit, trailing move — all mirrored to your Telegram. Watch from your pocket.
Plain-English log lines for every decision. Audit why any signal passed or was blocked.
Every knob that matters for survival is an input — and the defaults are conservative on purpose.
Every trade opens with the same lot size (default 0.01). Predictable risk per trade — tune the lot to your equity and broker spreads.
Default $200 daily profit target and $50 daily loss limit. When either hits, the EA stops opening new trades for the day.
If equity drops more than the configured % below peak (default 12%), the EA stops opening new positions until balance recovers.
No modules, no add-ons, no paywalls. Every feature listed here is in every license tier.
See Pricing