GoldCycle EA V1.0 MT5

INTRODUCTION

GoldCycle EA V1.0 MT5 is a MetaTrader 5 Expert Advisor designed for automated gold trading on XAUUSD. It uses daily price levels combined with volatility-adjusted stop-loss and take-profit distances to place a limited number of pending orders each day. The system aims for controlled daily trades, closes positions by the end of the New York session, and avoids overnight or weekend holding. It does not rely on grid or martingale as its core method, though an optional recovery factor is available after a loss.

Key Features

• Trades XAUUSD using daily high and low levels
• Volatility-based stop-loss and take-profit calculation
• Percentage-risk position sizing
• Optional recovery factor after a loss with Max Risk control
• Configurable session close to avoid overnight positions
• Optional trailing stop and breakeven functions
• Maximum of two trades per day
• Compatible with hedging, netting, cent, micro, standard and ECN accounts
• Magic number support for running alongside other EAs
• Designed for prop-firm friendly risk profiles

Recommended Settings

Pair: XAUUSD
Timeframe: H1
Platform: MetaTrader 5
Minimum lot size: 0.01
Risk: Start with fixed percentage risk and keep Recovery Factor disabled unless you fully understand the increased exposure after losses
Session close: Use the developer default New York session end time and adjust only if your broker server time differs
Trailing stop and breakeven: Leave off initially and enable only after demo testing
Always load any official set files provided by the developer and confirm broker symbol name and server time before live use.

Advantages

• Clear daily-level logic with limited trade frequency
• No overnight or weekend holding by design
• Percentage-based risk control with optional hard Max Risk cap
• Works across common account types and is described as not spread-sensitive
• Supports prop-firm oriented risk settings
• Reduces screen time compared with full manual monitoring of gold on H1

Disadvantages

• Optional recovery factor increases risk after losses if enabled
• Performance depends on market conditions and correct session timing relative to broker server time
• Backtests and public signals do not guarantee future results
• Requires stable connection or VPS for reliable order management
• Minimum deposit guidance of $100 is only a starting point and may not suit all risk settings
• Not suitable for traders seeking high-frequency scalping or multi-pair systems

Support & Disclaimer

Support:

If you need help installing or Downloading or configuring your EA , or face any kind of bug, feel free to reach out on:

Telegram Group: Join our community

Disclaimer:

Forex and gold trading involve risk. Past performance doesn’t guarantee future results. Always test robots on demo before live trading and use proper risk management.