Introduction

The Gold Space Source Code V1.9 MT5 is a fully automated Expert Advisor designed specifically for trading XAUUSD (Gold) on the MetaTrader 5 platform. It uses a dynamically calculated breakout algorithm that identifies consolidation zones and enters trades when price breaks out cleanly to capture momentum. Unlike black-box EAs, this version provides the complete MQL5 source code so traders can inspect, audit, and customize the logic. The system avoids martingale and grid methods, relying instead on strict customized stop-loss and take-profit levels for every trade.

Key Features

Full MQL5 source code (.mq5) for complete transparency and modification
Specialized breakout strategy for XAUUSD volatility and liquidity
Dynamically calculated range detection with clean breakout entries
No martingale and no grid trading
Strict customized stop-loss and take-profit on every position
Auto-lot and smart compounding options
Three range modes: Tight, Wide, and Mixed
Lightweight code optimized for continuous VPS operation
Compatible with hedging accounts and raw/zero-spread brokers

Recommended Settings

Pair: XAUUSD (Gold) exclusively

Timeframe: H1 (highly recommended); other timeframes can be tested but H1 is preferred for balance of signal quality and frequency

Use a raw or zero-spread hedging account. Enable auto-lot with conservative risk (around 1–2%). A low-latency VPS is strongly advised for reliable execution during fast breakouts. Always load the provided set files after compiling the source code and test thoroughly on demo before any live use.

Advantages

Full source code access allows complete audit and customization of the logic
Clean breakout approach without dangerous recovery methods
Hard stop-loss and take-profit provide clear risk control on every trade
Specialized for gold’s unique volatility patterns
Lightweight design supports stable 24/7 operation on a VPS
Multiple range modes give flexibility between trade frequency and selectivity

Disadvantages

Highly sensitive to spreads, slippage, and broker execution quality
Performance can differ significantly between backtests and live conditions
Breakout systems struggle during prolonged ranging or news-driven markets
Requires a low-latency VPS and low-spread account for best results
Source-code modifications shift full responsibility for any changes to the user
Not suitable for traders seeking grid, martingale, or fully hands-off systems