XAN D E R Grid XAU U S D
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use XAN D E R Grid XAU U S D
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
Description & Settings
XANDER Grid XAUUSD is a bidirectional grid Expert Advisor developed
specifically for Gold (XAUUSD) trading on MetaTrader 5. The EA opens buy orders when the previous candle is bullish, and sell orders when the previous candle is bearish. New grid levels are added only when price moves a defined distance from the last entry, combining candle direction with grid spacing to reduce unnecessary entries during choppy markets. ━━━ HOW IT WORKS ━━━ The EA manages two independent grids — one for buys and one for sells. When two or more positions are open on the same side, it calculates a weighted average price and sets a shared take profit for the group. This allows the grid to recover faster compared to managing each position individually. Two closing modes are available: - Average TP — shared take profit on the best and worst position - Partial Close — closes the worst position partially to reduce exposure ━━━ KEY FEATURES ━━━ - Bidirectional grid with candle direction filter - Weighted average take profit calculation - Daily Profit Target — closes all positions when daily $ target is reached - Max Floating Drawdown — pauses new entries when floating loss exceeds limit - Auto clean chart on load (hides grid, volume, trade history, bid/ask lines) - Configurable magic number, slippage and lot limits ━━━ IDEAL FOR ━━━ This EA is designed for ProCent accounts on brokers such as RoboForex and Weltrade. ProCent accounts allow minimum lot sizes starting at 0.01 cent lots, which significantly reduces exposure while maintaining the same grid logic. Default settings are configured conservatively for Gold with a maximum lot size of 0.04. ━━━ SETTINGS ━━━ - Take Profit per position — individual TP in pips before grid activates - Distance between grid levels — minimum pips between entries - Minimum grid profit to close — profit threshold for group close - Starting lot size — initial lot (default 0.01) - Maximum lot size — hard cap on lot doubling (default 0.04) - Close method — Average TP or Partial Close - Daily Profit Target — enable and set $ target per day - Max Floating Drawdown — enable and set $ drawdown pause limit - Magic Number — unique ID for this EA (default 2001) - Slippage — execution tolerance in pips ━━━ COMMUNITY & DEVELOPMENT ━━━
