BlackGold EA — User Guide
Last updated: 2026-05-05
📖 Overview
BlackGold EA is a ready-to-use MetaTrader 5 Expert Advisor built exclusively for Gold / XAUUSD. It combines time-based and market-range breakout logic across 4 embedded strategies, each of which can be independently enabled, disabled, or configured for Scalping or Intraday mode.
Every trade is protected by a fixed Stop Loss and Take Profit. There is no grid, no martingale, and no averaging — each trade stands entirely on its own.
🔧 Installation
Follow the standard MQL5 product installation guide for first-time setup. If you received the EA directly from Trade't, refer to the Trade't EA installation guide instead.
BlackGold EA is designed to run on the XAUUSD (Gold) chart on MetaTrader 5 only. Attaching it to any other symbol is not supported.
⚙️ A. General Settings
| Parameter | Description |
|---|---|
| EA Comment | Acts as the EA's identifier — appears in trade comments and journal logs. |
| EA Magic Number | Uniquely identifies the EA's trades. Use a unique value if running multiple EAs on the same account. |
| Show Panel | Displays a real-time on-chart info panel showing active strategies, last trade result, and current exposure. |
| Print Log | When enabled, logs each decision step to the Experts tab for full transparency. |
📊 B. Strategy Modes
BlackGold EA embeds 4 independent strategies. Each one can be individually toggled on or off and configured for either Scalping or Intraday mode.
| Parameter | Description |
|---|---|
| Strategy 1 — Enable | Toggles Strategy 1 on or off. |
| Strategy 1 — Mode | Scalping targets quick moves with a tighter SL/TP ratio. Intraday allows more room with a wider range. |
| Strategy 2 — Enable | Toggles Strategy 2 on or off. |
| Strategy 2 — Mode | Same Scalping / Intraday toggle as above. |
| Strategy 3 — Enable | Toggles Strategy 3 on or off. |
| Strategy 3 — Mode | Same Scalping / Intraday toggle as above. |
| Strategy 4 — Enable | Toggles Strategy 4 on or off. |
| Strategy 4 — Mode | Same Scalping / Intraday toggle as above. |
Start with a single strategy enabled to understand its behaviour before combining multiple. Running all 4 strategies simultaneously increases exposure.
💰 C. Risk & Position Sizing
BlackGold EA supports four position sizing methods. Select the one that best fits your risk management approach.
| Parameter | Description |
|---|---|
| Lot Mode | Choose from: Fixed Lot, % of Balance, % of Equity, or $ Risk per Trade. |
| Fixed Lot | Direct lot size used when Lot Mode is set to Fixed Lot. |
| Risk % | Percentage of balance or equity to risk per trade (used when Lot Mode is % Balance or % Equity). |
| Risk $ per Trade | Fixed dollar amount to risk on each trade based on the defined Stop Loss (used when Lot Mode is $ Risk). |
| Max Lot Size | Hard cap on the lot size regardless of calculated risk amount. |
When using % Balance or $ Risk modes, ensure your Stop Loss values are calibrated — an oversized SL combined with a high risk % can result in large lot sizes.
🛑 D. Stop Loss & Take Profit
All trades opened by BlackGold EA carry a hard Stop Loss and Take Profit placed at order entry. There are no hidden virtual levels — both values are real pending orders on the broker's side.
| Parameter | Description |
|---|---|
| Stop Loss (Points) | Distance in points from the entry price to the Stop Loss. Applied to all strategies unless overridden per strategy. |
| Take Profit (Points) | Distance in points from the entry price to the Take Profit. |
| Loose SL Mode | When enabled, the EA applies a wider Stop Loss during periods of elevated volatility to reduce premature stop-outs. |
| Loose SL Multiplier | Multiplier applied to the base Stop Loss when Loose SL Mode is active (e.g. 1.5 widens it by 50%). |
Point values on Gold / XAUUSD vary by broker. Verify the SL and TP distances on your broker's XAUUSD specification before going live.
📰 E. News Filter
BlackGold EA includes a built-in news filter that blocks new trades during high-impact USD economic events.
| Parameter | Description |
|---|---|
| Use News Filter | Enables or disables the news filter entirely. |
| Minutes Before News | Number of minutes before a news event during which the EA stops opening new trades. |
| Minutes After News | Number of minutes after a news event before the EA resumes normal operation. |
| News Impact Level | Minimum impact level to filter on. High blocks only red-folder events. |
The news filter requires WebRequest to be enabled in MetaTrader 5. Go to Tools → Options → Expert Advisors and add the news source URL to the allowed list.
⚠️ Disclaimer
BlackGold EA is provided for educational and informational purposes. Trading foreign exchange and commodities on margin carries a high level of risk and may not be suitable for all investors. Past performance — including any forward-test results — is not indicative of future results. You are solely responsible for any trading decisions made using this EA. Trade't and its developers accept no liability for financial losses incurred through the use of this product.