Goldsentinelgrid EA V1.0 MT5

Introduction

 Goldsentinelgrid EA V1.0 is a close-range grid Expert Advisor built exclusively for XAUUSD (Gold) on MetaTrader 5. It places a pair of buy and sell pending orders close to the current price to capture short-term price movements. The EA is designed for hedging accounts and includes multiple live-trading protections. It works on XAUUSD with the recommended timeframe M15.

Key Features

• Close-range buy and sell pending order grid near the current price
• News Safety Filter that pauses new orders and clears pending orders around major US economic releases
• Break-even shift combined with graduated trailing stop once floating profit reaches a set level
• Basket-aware risk management that subtracts existing open risk before sizing new orders
• Daily loss circuit breaker that stops new orders when a set percentage loss is reached
• Weekend gap protection that stops new activity and clears positions/pending orders on Fridays
• On-chart dashboard showing live status, today’s P/L, and circuit breaker state

Recommended Settings

• Symbol: XAUUSD
• Timeframe: M15
• Account type: Hedging
• Risk mode: Risk-percent with basket awareness enabled
• Enable News Safety Filter and Weekend Gap Protection
• Activate Break-even + Graduated Trailing Stop
• Set a reasonable daily loss circuit breaker percentage
• Run on a VPS for continuous tick processing
• Always test thoroughly in Strategy Tester and on a demo account before live use

Advantages

• Fully automated close-range grid on gold with consistent order placement
• Multiple built-in protections against news spikes, weekend gaps, and excessive daily losses
• Basket-aware lot sizing helps control overall risk when multiple positions are open
• Break-even and trailing logic aims to protect open profits
• Clear on-chart monitoring reduces the need for constant manual checks

Disadvantages

• Works only on XAUUSD and requires a hedging account
• Grid systems can experience periods of drawdown when price trends strongly in one direction
• Performance depends heavily on broker spreads, execution quality, and correct risk settings
• Requires proper monitoring and a stable VPS for best results
• Historical backtest results do not guarantee future performance

Conclusion

Goldsentinelgrid EA V1.0 offers a structured close-range grid approach for XAUUSD on the M15 timeframe, combined with practical risk and safety filters. It is suitable for traders who understand grid dynamics and are prepared to configure risk carefully. Always test the EA on a demo account with your own broker conditions and never risk capital you cannot afford to lose.

Support & Disclaimer

Support

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

WhatsApp: Click here

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.