Quick Start & User Manual
A practical guide for installing, activating, configuring and backtesting GoldEdge Matrix / Lite on MT5.
Quick Start
Download GoldEdge Matrix or GoldEdge Lite from the Download page.
Place the .ex5 file into MT5: File → Open Data Folder → MQL5 → Experts.
Restart MT5 or refresh Navigator.
In MT5, allow WebRequest for https://mega-goldedge.vercel.app.
Log in to Dashboard and add your MT5 account name, account number and broker server.
Drag the EA onto the chart and enable AutoTrading.
Lite vs Matrix
Lite is for testing and simple account activation. Matrix is the premium version with optimized SetFiles, advanced risk controls and up to 6 authorized MT5 accounts.
View Comparison TableVPS Required
Use a VPS so the EA can run 24/7 without interruption.
MT5 Setup
Open MT5 and go to:
Add this URL exactly:
This allows the EA to verify the registered MT5 account against the official GoldEdge Dashboard.
User Menu / EA Parameters
This section explains only the visible parameters in the EA input window. Internal hidden parameters are not listed.
1. MT5 Setup+
| Tools / Options / Expert Advisors | Open MT5 settings and enable the permissions required for Expert Advisors. |
| Allow WebRequest | Add https://mega-goldedge.vercel.app to the allowed WebRequest URL list. This is required for account activation and official service checks. |
| Latest info & support | Visit mega-goldedge.vercel.app for downloads, setup notes, updates and support. |
2. Magic Number+
| EA Magic Number | Default: 1030401. Used by the EA to identify its own orders. Use a different Magic Number if multiple EAs run on the same MT5. |
| Order Comment | Default: GoldEdge Matrix. Used together with Magic Number to identify EA-managed positions. |
3. Trade Settings+
| Trading Mode | Buy Only, Sell Only, or Buy & Sell. Controls which trade direction the EA may open. |
| Prevent same-side Buy/Sell within MT5 | If enabled, the EA avoids opening another same-direction position on the same symbol inside the same MT5. |
| Maximum Spread in Points | Default: 30. If spread is above this value, the EA will not open new positions. |
| Maximum Positions | Default: 100. Maximum number of open EA positions. |
| Minimum Order Distance X ATR | Default: 0.5. Minimum ATR distance between same-direction entries. Higher values reduce entry frequency. |
4. Border Settings+
| ATR Period | Default: 110. Measures market volatility and controls border distance. |
| Smoothing Period | Default: 61. Smooths the middle line. Smaller values react faster; larger values are more stable. |
| Border 1 / 2 / 3 ATR Multiplier | Controls the distance of each border layer from the middle line. Higher borders represent larger deviation. |
| Border SL ATR Multiplier | Default: 200. Outer risk-control border used as a global stop reference. |
5. Money Management+
| Fixed Risk Amount USD | Default: 5000. Used as the risk reference for position and risk display. |
| Take Profit ATR | Default: 8.0. TP distance is calculated by ATR multiple. |
| Stop Loss ATR Multiplier | Default: 30.0. SL distance is calculated by ATR multiple. |
| Initial Lot Size | Default: 0.01. Base lot size used before border multipliers. |
| Max Lot Size | Default: 0.04. Maximum lot size per position. Keep this conservative, especially for beginners. |
| Lot Multipliers by Border Zone | ML-Border 1, Border 1-2, Border 2-3, Border 3-SL. Further distance from the middle line can use higher multipliers. |
6. Hedging Close Strategy+
| Enable Hedging Close Strategy | Default: true. Uses profitable positions to offset losing positions when the net profit target is reached. |
| Only hedge-close with same direction | If enabled, Buy profits only offset Buy losses and Sell profits only offset Sell losses. |
| Maximum Profitable Positions | Default: 4. Maximum profitable trades used to offset one losing trade. |
| Target Net Profit After Hedging | Default: 0.25% of risk amount. The EA closes a hedge group only when net profit meets the target. |
7. ATR & Volatility Settings+
| ATR Ratio Period | Default: 60. Period used for the current ATR ratio. |
| ATR MA Period | Default: 20. Moving average period used to compare current ATR. |
| Minimum ATR Ratio | Default: 0.7. If volatility is too low, the EA will not open new trades. |
| Maximum ATR Ratio | Default: 10.0. If volatility is too high, the EA will not open new trades. |
8. Independent ATR Ratio Filter+
| Use independent timeframe ATR filter | Optional additional volatility filter from another timeframe. |
| Independent ATR timeframe | Common choices: H1, H4, D1. |
| Independent ATR limits | Adds a second ATR-ratio check for more stable filtering. |
9. Trading Time Settings+
| Trading Start / End Time | Controls when the EA may open new trades each day. Format: HH:MM. |
| Allow weekday trading | Enable or disable Monday to Sunday trading. Saturday and Sunday are usually disabled by default. |
| Enable Time Close All Positions | If enabled, the EA closes all EA-managed positions at the specified time. |
Panel Display
- Symbol: current symbol and timeframe.
- Account / License: registered account and activation status.
- Spread: current spread and pass/fail status.
- No. of Order: current EA positions / maximum positions.
- ATR Ratio: volatility condition.
- Profit: current floating Buy / Sell profit.
Panel Buttons
- Close Buy: closes all EA-managed Buy positions after confirmation and pauses Buy entries temporarily.
- Close Sell: closes all EA-managed Sell positions after confirmation and pauses Sell entries temporarily.
Backtest Guide
Recommended Setup
- Use around 1.5 years of backtest data.
- Use 1 Minute OHLC / every tick based on real ticks where available.
- Run Matrix mainly on H4 for stability.
- Compare Gain vs Drawdown, not only total profit.
Preset Ideas
- Conservative: lower MaxPositions, wider order distance, smaller MaxLotSize.
- Standard: close to default settings.
- Aggressive: more frequent entries and higher risk; use carefully.
Important Risk Notes
- Always test on demo first before using a live account.
- Do not set Max Lot Size too high. Larger lot size increases floating loss and liquidation risk.
- Watch spread during market open, market close and high-impact news.
- Use different Magic Numbers when running multiple EAs.
- Risk settings must match your account size, leverage and broker conditions.
Troubleshooting
EA shows Deactivated
Check that the MT5 account is registered in Dashboard, WebRequest URL is allowed, AutoTrading is enabled, and broker server name matches the Dashboard record.
EA does not open trades
Check spread, ATR Ratio, trading time, weekday settings, MaxPositions and whether current price is inside a valid border zone.
Dashboard account added after EA is already on chart
The EA retries activation automatically. Inactive accounts retry faster; activated accounts re-check less often.
Ready to activate GoldEdge?
Download the EA, register your MT5 account, and run it on VPS for 24/7 operation.
Ready to set up GoldEdge?
Download GoldEdge Lite and follow the Quick Start guide above.
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