XAUUSD Expert Advisor MT5: Complete MQL5 Guide with Code & Stats
The complete guide to building and running a XAUUSD Expert Advisor in MetaTrader 5. Covers EA architecture, MQL5 code, backtest methodology, and live performance expectations for gold trading.
Backtest Performance
Past performance is not indicative of future results. Backtest statistics are based on historical data and do not guarantee future profits. Trading involves significant risk of loss. This content is for educational purposes only and does not constitute financial advice.
Strategy Logic
Entry Conditions
Trend-following logic using 50/200 EMA crossover on H1 timeframe. Enter long on golden cross with ADX above 25 confirming trend strength. Enter short on death cross with same ADX confirmation. Minimum ATR threshold filters low-volatility periods.
Exit Conditions
Fixed risk-reward of 1:2 with ATR-based stop loss calculation. Trailing stop engages after price moves 1x ATR in profit direction. Emergency close triggers if daily drawdown exceeds 5% of account balance.
MQL5 Expert Advisor Code
//+------------------------------------------------------------------+
//| XAUUSD Expert Advisor - Trend Following H1 |
//| Pineify.app |
//+------------------------------------------------------------------+
#property copyright "Pineify.app"
#property version "1.00"
input int MagicNumber = 456789;
input double RiskPercent = 1.0;
input int EMA_Fast = 50;
input int EMA_Slow = 200;
input int ADX_Period = 14;
input double ADX_Min = 25.0;
input int ATR_Period = 14;
int emaFastH, emaSlowH, adxH, atrH;
double emaFast[], emaSlow[], adxMain[], atrBuf[];
int OnInit() {
emaFastH = iMA(_Symbol, PERIOD_H1, EMA_Fast, 0, MODE_EMA, PRICE_CLOSE);
emaSlowH = iMA(_Symbol, PERIOD_H1, EMA_Slow, 0, MODE_EMA, PRICE_CLOSE);
adxH = iADX(_Symbol, PERIOD_H1, ADX_Period);
atrH = iATR(_Symbol, PERIOD_H1, ATR_Period);
ArraySetAsSeries(emaFast, true); ArraySetAsSeries(emaSlow, true);
ArraySetAsSeries(adxMain, true); ArraySetAsSeries(atrBuf, true);
return INIT_SUCCEEDED;
}
void OnDeinit(const int reason) {
IndicatorRelease(emaFastH); IndicatorRelease(emaSlowH);
IndicatorRelease(adxH); IndicatorRelease(atrH);
}
void OnTick() {
if (!IsNewBar(PERIOD_H1)) return;
CopyBuffer(emaFastH, 0, 0, 3, emaFast);
CopyBuffer(emaSlowH, 0, 0, 3, emaSlow);
CopyBuffer(adxH, 0, 0, 3, adxMain);
CopyBuffer(atrH, 0, 0, 3, atrBuf);
if (CountPositions(MagicNumber) > 0) return;
bool adxConfirm = adxMain[1] >= ADX_Min;
double atr = atrBuf[1];
double sl = atr * 1.0;
double tp = atr * 2.0;
double lots = CalcLots(sl);
bool goldenCross = emaFast[2] < emaSlow[2] && emaFast[1] > emaSlow[1];
bool deathCross = emaFast[2] > emaSlow[2] && emaFast[1] < emaSlow[1];
if (goldenCross && adxConfirm) OpenTrade(ORDER_TYPE_BUY, lots, sl, tp, MagicNumber);
if (deathCross && adxConfirm) OpenTrade(ORDER_TYPE_SELL, lots, sl, tp, MagicNumber);
}
bool IsNewBar(ENUM_TIMEFRAMES tf) {
static datetime last = 0;
datetime cur = iTime(_Symbol, tf, 0);
if (cur != last) { last = cur; return true; } return false;
}
double CalcLots(double slPts) {
double tv = SymbolInfoDouble(_Symbol, SYMBOL_TRADE_TICK_VALUE);
double ts = SymbolInfoDouble(_Symbol, SYMBOL_TRADE_TICK_SIZE);
double bal = AccountInfoDouble(ACCOUNT_BALANCE);
double lot = (bal * RiskPercent / 100.0) / (slPts / ts * tv);
double stp = SymbolInfoDouble(_Symbol, SYMBOL_VOLUME_STEP);
return MathMax(SymbolInfoDouble(_Symbol, SYMBOL_VOLUME_MIN),
MathMin(SymbolInfoDouble(_Symbol, SYMBOL_VOLUME_MAX),
MathFloor(lot / stp) * stp));
}
int CountPositions(int magic) {
int n = 0;
for (int i = PositionsTotal()-1; i >= 0; i--) {
ulong t = PositionGetTicket(i);
if (PositionSelectByTicket(t) && PositionGetString(POSITION_SYMBOL)==_Symbol &&
(int)PositionGetInteger(POSITION_MAGIC)==magic) n++;
} return n;
}
void OpenTrade(ENUM_ORDER_TYPE type, double lots, double sl, double tp, int magic) {
MqlTradeRequest req={}; MqlTradeResult res={};
req.action=TRADE_ACTION_DEAL; req.symbol=_Symbol; req.volume=lots; req.type=type;
req.price=(type==ORDER_TYPE_BUY)?SymbolInfoDouble(_Symbol,SYMBOL_ASK):SymbolInfoDouble(_Symbol,SYMBOL_BID);
req.sl=(type==ORDER_TYPE_BUY)?req.price-sl:req.price+sl;
req.tp=(type==ORDER_TYPE_BUY)?req.price+tp:req.price-tp;
req.magic=magic; req.comment="Pineify XAUUSD"; req.type_filling=ORDER_FILLING_IOC;
OrderSend(req,res);
}Copy this code into MetaEditor (F4 in MT5), save in the Experts folder, and compile with F7.
Generate a Custom XAUUSD Trend-following EA →
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Pine Script vs MQL5: Same Strategy, Different Platforms
| Aspect | Pine Script (TradingView) | MQL5 (MetaTrader 5) |
|---|---|---|
| Execution | Bar-based, backtesting only | Tick-based, live trading |
| Deployment | TradingView alerts | Runs 24/5 on VPS/MT5 |
| Broker access | Via TradingView broker integration | Direct broker connectivity |
| Backtesting | Built-in, no data download needed | Strategy Tester, tick data required |
| Code complexity | Simpler, functional syntax | C++-like, more powerful |
Pineify supports both platforms. Prototype your strategy visually in TradingView Pine Script, then generate the equivalent MQL5 EA for live MT5 trading.