Assay EA V1.59 MT5

Introduction

Assay EA V1.59 MT5 is a specialised Expert Advisor built exclusively for trading gold (XAUUSD) on the MetaTrader 5 platform. Designed for the M5 timeframe, it uses six independent entry strategies combined with a statistical signal filter based on historical gold price data. Every trade opens with a stop loss and take profit, supports trailing stops, and can add recovery trades in the same direction to form baskets that close at a points-based profit target. The EA also includes a USD news filter, trading session controls, automatic or fixed lot sizing, and a clear status panel. Launch price is 249$.

Key Features

• Six independent entry strategies: Ingot, Nugget, Lode, Vein, Crucible and Carat – each can be switched on or off separately
• Statistical signal filter applied to every potential entry using years of gold price history
• Stop loss, take profit and trailing stop on every position
• Recovery trades in the same direction at a fixed adverse distance, limited per basket
• Basket profit target in points with optional step increase per extra trade and optional trailing
• Multiple baskets per direction with minimum delay between them
• USD news filter using the built-in MetaTrader 5 economic calendar
• Trading sessions controlled in server time
• Spread warning written to the journal
• Automatic lot sizing from risk percent or fixed lot size
• Status panel showing each strategy’s on/off state, results and session shading

Recommended Settings

• Platform: MetaTrader 5
• Pair / Symbol: XAUUSD (or the broker’s equivalent gold symbol)
• Timeframe: M5
• Account type: Hedging account recommended (on netting accounts the EA holds only one position and does not use recovery trades or baskets)
• Strategy Tester mode: Every tick based on real ticks
• Lot sizing: Risk percent (default 3%) or fixed lot – never goes below broker minimum lot
• Always test first with the free Market demo in Strategy Tester, then with fixed 0.01 lot on a demo account

Advantages

• Purpose-built only for gold on M5 – no multi-pair dilution
• High configurability through six switchable strategies and independent on/off controls
• Built-in statistical filter adds an extra decision layer before any trade is taken
• Full risk controls including stop loss, take profit, trailing stop, recovery limits and news filter
• Clear status panel for quick monitoring of strategy status and sessions
• Supports both automatic risk-based and fixed lot sizing

Disadvantages

• Works only on XAUUSD – not validated for any other symbol or asset class
• Requires a hedging account for full recovery and basket functionality; limited on netting accounts
• Recovery trades multiply exposure – a basket of several trades can lose significantly more than a single position
• News filter does not work in the Strategy Tester because the economic calendar is unavailable there
• No verified backtest, forward-test or live performance data is supplied with the product
• Effective risk can be higher than the typed percentage on smaller accounts due to the minimum lot size

Assay EA V1.59 MT5 is intended for traders who specifically want automated gold trading on MetaTrader 5 M5 and who fully understand the risks of recovery baskets. Always test thoroughly on demo before considering live use and only trade with capital you can afford to lose.

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.