Introduction

AlgoEdge SMC AI EA V1.00 MT5 is an Expert Advisor developed for MetaTrader 5. It is based on the author’s indicators combined with levels and price action. Despite the name, it does not use AI. The EA places only one order at a time and always attaches a Stop Loss and Take Profit with a stated risk-reward ratio of 1:3. It is designed for XAUUSD and focuses on systematic execution without martingale or other high-risk recovery methods.

Key Features

Works exclusively on MetaTrader 5
Trades XAUUSD
Supports M15, M30 and other timeframes
Places only one order at a time
Always sets Stop Loss and Take Profit on every position
Targets a 1:3 risk-reward ratio
No martingale
No dangerous recovery methods
Easy to install
Compatible with any account type
Works with any broker (low-spread preferred)
VPS highly recommended
Described as not highly sensitive to broker conditions
Minimum recommended deposit starts around $500

Recommended Settings

Use the EA on the XAUUSD pair. Recommended timeframes are M15 and M30 (other timeframes can also be tested). Attach the EA to the chart, review all input parameters, and keep the default risk settings initially. Always run thorough tests on a demo account with realistic spreads before considering live use. A stable VPS is strongly advised for uninterrupted operation.

Advantages

Strict single-order rule limits exposure
Stop Loss and Take Profit are applied on every trade
Clear 1:3 risk-reward structure
Avoids martingale and grid-style recovery
Simple installation process
Works across different brokers and account types
Reduces the need for constant manual monitoring once running

Disadvantages

Limited to one open position at a time, so it cannot add to winning trades
No detailed public backtest statistics or equity curves are provided
Performance still depends on market conditions, spreads and slippage
Requires a reliable VPS for best results
Exact indicator parameters and internal logic are not fully disclosed
Not suitable for traders who prefer multi-position or recovery strategies
Results on live accounts can differ from any historical testing

Support & Disclaimer

Support:

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

Telegram Group: Join our community

Disclaimer:

Forex and gold trading involve risk. Past performance doesn’t guarantee future results. Always test robots on demo before live trading and use proper risk management.

AlgoEdge SMC AI EA V1.00 MT5

Description