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Expert Advisor · gold

TCM Trend EA – Gold

A trend-following Expert Advisor set up for gold (XAUUSD). It trades from the London morning to the New York afternoon in UK time, stops earlier on Fridays, sizes every position from the risk you choose, and stops for the day when your loss limit is reached.

  • MT4 + MT5
  • Version 1.01
  • M15 chart recommended
  • Stop-loss on every trade
The status panel on the chart (illustration). It shows the trend filter, whether trading hours are open, today's result against your daily limit, and what the EA is doing.
What it does

Built around its risk controls

The EA looks for trend setups on closed candles and only trades in the direction of the bigger trend. How it finds them stays private, but everything that controls your risk is in the settings and on the status panel.

  • A stop-loss and target on every trade

    Both are set the moment a trade opens. One trade at a time per chart.

  • Risk-based position sizing

    Choose a risk per trade between 0.01% and 5% of equity (default 0.50%), or a fixed lot size.

  • Daily loss limit

    Stops opening trades for the day once losses reach your limit (default 3% of equity).

  • UK-time trading hours

    08:00–20:00 UK, no new trades on Friday from 16:00, ahead of thin late-Friday gold markets. Converted to your broker's clock automatically, clock changes included.

  • Cost and margin checks

    Skips entries when the spread is too wide for the stop, or when the account can't hold the trade.

  • No grid, no martingale, no averaging down

    Losing trades are never doubled or added to.

Try the settings

See what the risk settings mean in money

Type your own equity. The EA does this maths on every trade.

Spec sheet

The details

Defaults shown. Every setting is explained in the setup guide that comes with the files.

How to install it →

Symbols
Gold: XAUUSD (or your broker's name for it, such as GOLD or XAUUSD.a)
Chart
One chart per symbol; M15 recommended
Trading hours
08:00–20:00 UK time, adjustable
Friday
No new trades from 16:00 UK; optional close before the weekend (off)
Position size
Risk % of equity, 0.01–5% (default 0.50%), or fixed lots (default 0.01)
Daily loss limit
3% of equity (adjustable)
Spread filter
Automatic cost check, plus an optional maximum spread in points
Trade management
Optional break-even, trailing stop and partial close (all off by default)
Magic number
7702
Platforms
MetaTrader 4 and MetaTrader 5
Needs
Algo trading switched on; MetaTrader running 24/5 (a VPS is the usual answer)

Questions about the EA

Can I see backtest results before I buy?

We don't publish backtests or results, because past performance on one broker's data says little about your account. Every setting is listed on this page, and once you own it you can test it yourself in MetaTrader's Strategy Tester on your own broker's prices.

Why a separate EA for gold?

Gold moves differently from currency pairs: wider ranges, different busy hours and bigger weekend gaps. The Gold edition uses gold's own hours, an earlier Friday cut-off and settings scaled for XAUUSD. Use the Major Pairs edition for currencies.

Does it work with prop-firm accounts?

It runs on any MT4 or MT5 account it's licensed for. Prop firms have their own rules on daily loss, news and holding over weekends, so check them against the settings before you start. If a firm needs something the settings don't cover, ask about a custom build.

What happens if my computer turns off?

The EA stops with MetaTrader. Any open trade keeps its stop-loss and take-profit at your broker, but nothing is managed until MetaTrader is running again. That's why most people use a VPS.

Risk warning. This EA can lose money. Stops can be filled at a worse price in fast markets and over weekends, and losing runs happen. Only trade money you can afford to lose. Tools and education only, not financial advice.