Algocore MT5

Algocore MT5

The AlgoCore MT5 Expert Advisor is a straightforward trading system developed for XAUUSD on the MetaTrader 5 platform.

It applies a trend based methodology with additional filters to manage risk and adapt to market conditions. The system is designed with simplicity in mind, avoiding unnecessary complexity.

AlgoCore Settings

• Currency Pair: XAUUSD

• Timeframe: M15

• Recommended Balance: 500 USD minimum

• Recommended Lot Size: 0.01 (adjustable)

Customizable Parameters

• Magic Number – unique ID for AlgoCore trades

• Static Lot – fixed lot size

• Stop Loss / Take Profit – user-defined values in points

• Buy/Sell Filters – enable long only, short only, or both

• Positions to Open – number of trades per signal

• Total Profit Target – closes all positions once a defined goal is reached

• Partial Close – close part of positions when profit is reached

• RSI Filter – avoid overbought/oversold entries

• News Filter – restricts trading around news events

• Time & Day Filters – control when trades can open

Best Practices

• Apply careful risk management when adjusting parameters

• Consider using a VPS for uninterrupted operation

• Test on demo before applying to live accounts

Updates

New features will be introduced gradually after full testing. Updates will be announced in the product page.

Risk Disclosure

Trading involves risk. The AlgoCore MT5 EA may experience losing trades or periods of drawdown. Past performance does not guarantee future results.