Gold Tripwire EA: Free Download for MT5
Discover the powerful Gold Tripwire EA, an automated MetaTrader 5 robot designed for trading XAUUSD (gold). Utilizing pending stop orders, this expert advisor aims to capitalize on breakout opportunities by setting up a buy stop above the market and a sell stop below it. Once triggered, it trails the position effectively, offering a unique approach to gold trading.
Features of Gold Tripwire EA
- Automated trading on MetaTrader 5
- Trades XAUUSD with a buy stop and sell stop strategy
- 300-point stop loss and 1,500-point target
- Operates with a single position at a time, no grid or martingale
- Quick execution with median holding time of 15 seconds
Installation Steps
- Download the Gold Tripwire EA file.
- Open MetaTrader 5 and go to ‘File’ > ‘Open Data Folder’.
- Navigate to the ‘MQL5’ folder and place the EA file in the ‘Experts’ directory.
- Restart MetaTrader 5 and locate the EA under the ‘Navigator’ panel.
- Drag and drop the EA onto your XAUUSD chart and configure settings as desired.
Requirements for Optimal Performance
- Minimum deposit: $100 on 0.01 lots
- Pair and timeframe: XAUUSD, preferably M15
- Account type: Raw spread or ECN
- VPS recommended for low latency
Before using Gold Tripwire EA on a real account, test it on a demo account for at least a week to understand its strategy and functionality.