Questions and answers

An Expert Advisor (EA) for MetaTrader 5 that manages your gold (XAUUSD) trades. You set your stop loss, up to 10 take-profit steps, break-even and risk once. It applies them to every trade, and its panel on the chart lets you adjust targets and book profit with one click.

You choose the trade. Gold Position Manager manages the plan.

Traders who make their own decisions and want a clear, repeatable way to manage open trades:

• gold scalpers who need to act fast;
• intraday traders who take profit in several steps;
• price-action and technical traders who enter by hand;
• traders who want a fixed risk per trade and daily limits;
• traders who run several positions at once.

No. It is a trade manager. It does not look for entries and does not predict the market. You decide when to trade (by hand in MT5, in the phone app or with the panel's BUY and SELL buttons), and it manages what happens after the entry. It suits traders who already have their own way to find trades.

It was built with XAUUSD scalping in mind: the stop loss and steps are placed right after the entry, small steps like 20, 40 and 60 pips work well, and break-even, booking and moving targets are one click each.

No tool is the best for every trader, and no tool improves results on its own. Its value depends on your strategy and on how consistently you follow your rules.

Any MetaTrader 5 broker that offers gold against the US dollar (XAUUSD) on a hedging account. It works with IC Markets, Vantage, VT Markets, PU Prime and HF Markets, among others. Broker symbol names with a suffix, such as XAUUSDm or XAUUSD.r, are recognised.

Brokers differ in minimum lot, stop distance, spread and trading hours, so try it on a demo account with your own broker first. We are not connected with any broker.

Only gold against the US dollar (XAUUSD) on MetaTrader 5, including broker names with a suffix such as XAUUSDm or XAUUSD.r. On any other symbol it shows a message and does not start. Forex pairs, indices and crypto are not supported.

1. Open MetaTrader 5 on your computer.
2. Click File → Open Data Folder.
3. Open the MQL5 folder, then Experts.
4. Copy the Gold Position Manager file (.ex5) into it.
5. In MT5, refresh Expert Advisors in the Navigator, or restart MT5.
6. Drag Gold Position Manager onto an XAUUSD chart.
7. Switch Algo Trading on and tick "Allow Algo Trading" in its settings.
8. On a real account, press ACTIVATE EA on the panel and confirm.

Check that the panel says ACTIVE. Tip: do all of this on a demo account first.

Press F7 on the chart to open the settings. Every setting has a number, for example 401 for the stop loss distance, 501-510 for TP1 to TP5 and 701 for break-even. You can set:

• the stop loss distance;
• up to 10 take-profit steps and the % each one closes;
• when break-even starts and its small buffer;
• your risk per trade and a maximum risk;
• daily limits.

The PLAN tab then shows your rules in plain words. Check it before you trade.

Yes. Type an exact price, nudge it with − and + by your step, or double-click its line on the chart and drag it. Every change follows your broker's rules, for example its minimum distance for stops.

Yes. Each step has its own − and + buttons and price box. For example, move TP2 further and keep TP1 and TP3. ALL TPs + and ALL TPs − move every waiting step together.

Yes. Choose when: after TP1, TP2 or TP3, after any step number, or after a profit distance in pips. Add a small buffer (for example entry + 1 pip) and, if you like, cover commission and swap too.

After break-even is set, it is watched: if the stop loss is moved back outside the panel, it is set again (up to three times per trade). Break-even is not risk-free: spread, slippage, commission and broker rules can change the final result.

Yes. The NEW TRADE block works out the lot from your risk in % (of equity or balance) or in money, using the stop loss your trade will really get. Or type a lot yourself. You can block panel trades above a maximum risk, and daily limits can lock the BUY and SELL buttons.

Important: these checks apply to the panel's buttons. They cannot stop a trade you open elsewhere in MT5. The real loss can be bigger than planned because of slippage and price gaps.

Yes. Enter a % (for example 10%) or a lot (for example 0.02) and press BOOK. The rest stays open and the remaining steps adjust.

For small trades, your broker's minimum lot (often 0.01) and lot step decide what can be closed. Example: 10% of 0.05 lot is 0.005 lot, which brokers cannot close.

Yes. Use ONE TRADE for precise work on a single position, or ALL TRADES to act on a group: ALL, BUY, SELL or IN PROFIT. Move them to break-even, book a part, move stops or targets, or close them. Closing all trades asks for a second click. Always check which group is selected before you click.

Yes, on a hedging account: each position is managed separately with its own plan. Netting accounts are not supported: there, an opposite order reduces or reverses the existing position.

Yes. PAUSE TPs stops the partial closes of a trade (or a group in ALL TRADES) until you press RESUME. The stop loss and break-even keep working. Pausing does not close anything.

Yes. Setting 201 decides which gold trades it manages: your own trades and the panel's trades (default), only the panel's trades, only your manual trades, every gold trade including other robots, trades with one magic number, or one single ticket. If you run other EAs on the same account, check this setting.

Yes. The INFO tab shows profit and loss for today, this week and this month, with the number of trades and the share of winners, plus the result of open trades. It reads your MT5 account history, so it includes every trade on the account, not only the ones the tool managed. It is not an audited statement and says nothing about future results.

Yes. The INFO tab lists the high- and medium-impact events of the next two days for the topics you choose, with a countdown. The data comes from MT5's economic calendar and can change or arrive late. It is a reminder, not a trading signal.

No, and no Expert Advisor can. It needs MT5 to run and be connected. While the PC sleeps or MT5 is closed, only orders that are already at your broker work: the stop loss of each trade, and the last take-profit if you give it to the broker (setting 801).

When the PC is back, it continues from its saved progress, takes every step the price is beyond at that moment and tells you how long it was not running. For trading while you are away, keep the PC awake or use a Windows VPS.

Yes, as a remote control. Open and watch trades in the MT5 phone app; they are managed only while your PC or VPS is running MT5 with Gold Position Manager for the same account. Turn on phone alerts (setting 1309, needs your MetaQuotes ID) so you hear about problems quickly.

No. Stop loss, take-profit, break-even and booking happen locally between MT5 and your broker. The licence is checked from time to time in the background; if our server cannot be reached, it keeps working offline for up to 7 days. A licence problem never closes a trade and never removes or widens a stop loss.

No. It helps you apply your rules, take profit in steps, adjust targets and watch your account. It cannot remove market risk, prevent slippage or make your broker fill every order at the price you expect. Your entries, strategy, position size and the market decide the result.

No. Gold Position Manager uses no DLL and needs no extra programs.

It depends on your plan: monthly 1 real and 1 demo, yearly 2 real and 2 demo, lifetime 5 real and 5 demo MT5 accounts. An account is its number together with your broker's server, so you can move it to another PC or a VPS at any time. Run it on one MT5 per account at a time.

Use a demo account first:

• learn the panel and check your PLAN;
• move targets, book a part, use break-even;
• see how your broker's symbol behaves (minimum lot, stop distance);
• switch the PC to sleep once and see what happens;
• practise managing a trade by hand.

Read the requirements and limits, and go live only when the tool fits your way of trading.

You choose how to pay. Every plan has every feature:

• Monthly: $29 a month, 1 real and 1 demo account;
• Yearly: $99 a year, 2 real and 2 demo accounts;
• Lifetime: $299 once, 5 real and 5 demo accounts, with updates for as long as the product exists.

Prices are in US dollars. VAT or sales tax is added at checkout where the law requires it.

No. Instead, every plan includes demo accounts, so you can learn every feature before you use real money. And if it does not work on your MT5 account as described, our refund promise applies: 7 days on the monthly plan, 14 days on the yearly and lifetime plans.

Yes, at any time. Your plan keeps working until the end of the period you paid for. When a plan ends, the tool stops taking new trades into its care. It never closes or changes a trade that is already open. While you stay subscribed, your price does not go up.

Yes. You can buy another plan at any time, for example move from monthly to lifetime, and cancel the old one. The old plan keeps working until the end of the period you paid for.

Yes, if it does not work on your MT5 account as described and our support cannot solve it: within 7 days of your first payment on the monthly plan, or 14 days on the yearly and lifetime plans. See the refund policy for renewals and details. Trading losses are not refunded. Your legal rights in your country always apply.

Write to support@positionboss.com. Tell us the setting number if your question is about a setting, and add a screenshot of the panel. We never ask for your trading password. Never send it to anyone.