Smart Gold Hunter quick start
Keep this beside your computer. Version 6.0.
Set up in four steps
- Rent or buy on MQL5Licences and payments are handled by MQL5.
- Install it in MetaTrader 5Straight from the Market tab.
- Attach it to a XAUUSD chartOr your broker’s gold symbol, such as XAUUSDm or GOLD.
- Pick a profile and your riskLoad the 6.0 set file, then set lot size, risk and protection.
What the panel tells you
| STATUS: RUNNING | The EA is active. The reason line says what it is doing, such as waiting for a clean entry. |
| STATUS: PAUSED | A protection is holding it back. The reason line names which one. |
| ON OFF | Whether each protection is switched on. |
| NEVER | Grid and martingale: it never opens a grid or raises the lot after a loss. |
The seven protections
| Daily profit target | Stops for the day once your target is reached. |
| Daily loss limit | Stops new trades once your daily loss is reached. |
| Equity protection | Watches the whole account equity. |
| News filter | Stays out around high impact news. |
| Spread protection | Skips entries when the spread is too wide. |
| Market close | Avoids the minutes around the daily close. |
| Friday close | Avoids holding over the weekend. |
Attached it and nothing happens?
- Algo Trading is switched on in MT5
- It is on your broker’s gold symbol
- The panel reason line does not name a protection
- Today’s profit target or loss limit is not reached
- The market is open and not near the daily or Friday close
Good habits
- Run it on a stable VPS
- Start with a small lot and raise risk slowly
- Do not close its trades by hand
- Use the set files for your version only
- Never share your trading password
Set files and updates: the buyers’ form on the Smart Gold Hunter site. Questions: Barbaros on Telegram. Trading gold carries risk and you can lose money. Smart Gold Hunter is sold only on MQL5.