Last updated: 21 October 2026. Version: 1.0.
This page is part of the Licence Agreement. It explains what Gold Position Manager ("the Software") needs, what it can do in which situation, and what you should do if it stops working. Please read it before you buy.
1. What you need
| Item | Requirement |
|---|---|
| Computer | A Windows 10 or Windows 11 PC or laptop, or a Windows VPS (a rented computer that is always on). |
| Trading platform | The MetaTrader 5 desktop terminal from your broker. The Software does not run in the MetaTrader 5 phone app or in the web terminal. Other systems (for example macOS) are not supported. |
| Broker and account | A broker that offers gold against the US dollar (XAUUSD) in MetaTrader 5. Hedging accounts are supported. Netting accounts are not supported. |
| Internet | A stable connection. For trading while you are away, a VPS close to your broker's server is recommended. |
| Power and sleep | The computer must not sleep or hibernate while trades are open. On a laptop: keep it plugged in and set "when I close the lid" to "do nothing". |
| MetaTrader 5 settings | Algo Trading switched on, and "Allow Algo Trading" ticked for the Software. One MetaTrader 5 terminal per trading account runs the Software. |
| Disk | Free disk space, and write access to the MetaTrader 5 data folder (the Software saves the progress of every trade there). |
| Phone alerts (optional) | A MetaQuotes ID entered in MetaTrader 5, so the Software can send alerts to your MetaTrader 5 phone app. |
2. What works in which situation
| Function | Computer or VPS on, MetaTrader 5 running and connected | Computer asleep or off, MetaTrader 5 closed, or no internet |
|---|---|---|
| Stop loss of each trade (held by your broker) | works | works (at your broker) |
| Last take-profit, if the setting that gives it to the broker is on | works | works (at your broker) |
| Take-profit steps (partial closes) | works | does not work |
| Moving the stop loss to break-even | works | does not work |
| Watching break-even and setting it again | works | does not work |
| Putting back a removed stop loss | works | does not work |
| Panel buttons, BUY and SELL | works | not available |
| Alerts | works | not sent |
| Trades opened in the phone app | managed | not managed |
3. When the computer or connection comes back
The Software continues by itself from the progress it saved. It takes every take-profit step the price is beyond at that moment. A step the price touched while the Software was not running, and then left again, is not taken afterwards. If a trade was in its care, the Software shows a message and an alert about how long it did not run. Check your trades at once.
4. Known limits
- Lot sizes: each step closes a share of the lot. If the lot is too small to split (for example 20% of 0.01 lot), the Software asks you or rounds, depending on your setting.
- Broker distances: your broker may not allow a stop loss or break-even level too close to the current price. The Software then waits until it is allowed.
- Spreads and fast markets: at news and at the market open, spreads can widen and prices can jump.
- One terminal per account: if the Software runs on two terminals for the same account (for example your PC and a VPS), both may act. The Software tries to notice this and stop one of them, but the first action may already have happened.
- Other tools: another Expert Advisor or tool that changes stop losses or closes trades can conflict with the Software. Use only one trade manager for XAUUSD.
- Symbols: the Software works only on gold (XAUUSD and its broker variants, for example XAUUSDm or XAUUSD.r).
- Data from others: calendar events and news are shown as received and can be late or wrong.
5. If something does not work: your manual plan
Practise this once on a demo account so you know it before you need it.
- 5.1Open MetaTrader 5 on your computer, or the MetaTrader 5 app on your phone.
- 5.2Check every open XAUUSD trade: does it have a stop loss at the broker? If not, set one yourself.
- 5.3Close parts of trades, move stop losses or close trades yourself as you need.
- 5.4If you want to manage everything by hand for a while, press DEACTIVATE on the panel. The Software then does nothing with any trade until you press ACTIVATE again.
- 5.5Look at the "Experts" and "Journal" tabs in MetaTrader 5 for messages, and contact support@positionboss.com with a screenshot.
6. Recommended setup
- For trading while you are away from your desk: run MetaTrader 5 with the Software on a Windows VPS, and use the phone app only to open trades and watch them.
- Switch on alerts to your phone (MetaQuotes ID) so you learn about problems quickly.
- Keep Windows updates from restarting the computer while you trade (set "active hours").
- Keep a printed copy of your manual plan near your trading desk.