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GoldPicker V5 Luxury EA MT5 Unlimited
$15
GoldPicker V5 Luxury EA MT5 Unlimited is an open-source MetaTrader 5 Expert Advisor designed for XAUUSD (Gold) trading.
Featuring full MQL5 source-code access with rebranding rights, customizable risk management controls, automated Stop Loss and Take Profit protection, and dynamic trailing stops, it provides a quantitative white-label framework for MT5 strategy development.
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Description
Description
| Category | MT5 Expert Advisors |
|---|
GoldPicker V5 Luxury MT5 Unlimited is an open-source Expert Advisor source-code package engineered for MetaTrader 5, specializing in automated Gold (XAUUSD) trading.
Providing full access to the uncompiled MQL5 source code, this package gives developers, quantitative traders, and white-label operators total transparency to inspect internal indicator logic, modify risk management modules, optimize parameters, and rebrand the application.
GoldPicker V5 Luxury EA MT5 Unlimited — Open-Source MQL5 Gold System
Built explicitly for MetaTrader 5, the EA incorporates gold-specific execution algorithms designed to capitalize on short-term price volatility, momentum expansions, and market structure shifts on XAUUSD, while offering complete freedom for custom MQL5 development and strategy testing.
Core Architectural Highlights
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Full MQL5 Source Code Access: Includes the complete, uncompiled .MQ5 file with zero restrictions—granting developers full capability to inspect algorithms, integrate custom indicators, adjust entry rules, or rebrand the system.
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Specialized Gold (XAUUSD) Execution Engine: Calibrated to handle the unique liquidity profiles, volatility expansions, and spread dynamics of the gold market.
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Fully Customizable Algorithmic Logic: Enables quantitative traders to fine-tune signal generation, stop-loss calculations, trailing mechanisms, and time-session filters directly at the source-code level.
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Native MetaTrader 5 Architecture: Built to leverage MT5 multi-thread strategy testing, fast order routing, and low-latency execution capabilities.
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White-Label & Rebranding Ready: Acts as a modular base framework for developers building proprietary EAs, commercial trading tools, or specialized prop-firm trading algorithms.
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Complete Parameter Visibility: Eliminates black-box reliance by exposing all operational settings, execution filters, and risk controls within the MQL5 project structure.
Technical Specifications & Recommended Setup
| Parameter | Recommended Specification |
| Trading Platform | MetaTrader 5 (MT5) |
| Supported Symbol | XAUUSD / GOLD |
| Compatible Timeframes | M5 / M15 / H1 (Configurable at source level) |
| Source Code Format | Open MQ5 File (Editable, Rebrandable & White-Label Ready) |
| Programming Language | Native MQL5 |
| Minimum Account Equity | $500 USD (Standard Account or Cent equivalent) |
| Broker Compatibility | Low-Spread ECN / Raw Spread / Standard MT5 Brokers |
| Infrastructure | Continuous 24/5 Low-Latency Windows VPS (< 5ms server latency) |
Key External Input Parameters
1. Signal & Strategy Controls
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StrategyMode: Configures active signal generation logic (e.g., Breakout, Momentum, or Structural Mean Reversion).
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IndicatorPeriod: Adjusts historical bar lookback for technical indicator filters.
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MaxSpread_Points: Maximum allowable spread threshold to block order execution during news releases or daily rollover gaps.
2. Money & Risk Management
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RiskMode: Selects between Fixed Lot Allocation and Auto-Lot Percentage Sizing based on account equity.
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BaseLotSize: Manual position volume per order sequence when fixed lot mode is enabled (Default: 0.01).
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RiskPercentPerTrade: Allocates dynamic position size as a percentage of available equity.
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MaxAccountDrawdown (%): Hard equity circuit breaker built into the code to halt trading if floating loss reaches a set boundary.
3. Trade Execution & Protection
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StopLoss_Points: Hard Stop Loss boundary applied immediately upon order placement.
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TakeProfit_Points: Predefined target profit distance in points.
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EnableTrailingStop: Toggles automated trailing stop functionality to lock in gains as price advances.
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TrailingStart_Points / TrailingStep_Points: Activation threshold and increment step for dynamic trailing stop logic.
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MagicNumber: Unique order identifier code to segregate GoldPicker V5 trades on shared MT5 accounts.
Overview & Operational Summary
GoldPicker V5 Luxury EA MT5 Unlimited provides an open, customizable framework for automated Gold trading on MetaTrader 5. By pairing complete MQL5 source-code access with specialized XAUUSD execution logic, flexible risk controls, and white-label capabilities, the system offers a versatile development foundation for quantitative traders and MQL5 programmers.
