
Description
Introduction
Aura Gold Pro Edition Source Code V1.5 MQ5 is an automated Expert Advisor for MetaTrader 5 designed specifically for gold trading. It focuses on long-term stability and capital protection by combining four independent strategies on the H1 timeframe. Every trade is protected by a mandatory Stop Loss, and the system avoids grid, martingale, and averaging methods. The source-code version allows buyers to inspect and work with the underlying MQ5 code.
Key Features
- Four independent strategies: Classic Breakout, London Open Momentum, Swing Capture, and Price Action Scalper
- Mandatory Stop Loss and Take Profit on every trade
- No grid trading, no martingale, and no averaging
- Flexible risk management with adjustable risk percentage
- Average risk-to-reward ratio of approximately 1:1
- Designed for prop-firm compatibility
- Works with low leverage (minimum 1:20)
- Source code (MQ5) access for inspection and potential customisation
- Fully automated operation on MetaTrader 5
Recommended Settings
Pair: XAUUSD / GOLD
Timeframe: H1
Minimum deposit: $500 ($1,000+ recommended for safer operation). For lower-risk trading, use approximately $2,000 or more and keep the risk parameter at or below 0.5% per strategy. An ECN broker is preferred. Always test settings on a demo account before live use and adjust risk according to your account size and risk tolerance.
Advantages
- Clear risk control with Stop Loss on every trade
- No dangerous recovery methods (grid, martingale, averaging)
- Multi-strategy approach diversifies entry logic on a single instrument
- Suitable for prop-firm environments when rules are checked
- Works with relatively low leverage
- Source code access provides transparency
- Fully automated, reducing the need for constant chart monitoring
Disadvantages
- Equity curve will fluctuate; drawdowns and losing periods are normal
- Not every month will be profitable
- Performance should be evaluated over longer periods (several months)
- Results depend on market conditions, broker execution, and correct settings
- Requires proper capital and careful risk configuration
- Source-code customisation needs coding knowledge
- Prop-firm compatibility is not guaranteed for every firm and must be tested
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.
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