Barkat EA V5.31 MT5

Introduction

Barkat EA V5.31 is a MetaTrader 5 Expert Advisor built around Smart Money Concepts. It combines supply and demand zone detection with multi-timeframe liquidity analysis. The system is designed primarily for XAUUSD and aims to automate structured entries based on higher-timeframe bias while executing on a lower timeframe.

Key Features

• Smart Money Concepts (SMC) strategy focused on supply and demand zones
• Multi-timeframe liquidity identification (higher TF zones mapped to lower TF chart)
• Primary instrument: XAUUSD
• Dynamic risk-based lot sizing or fixed lot options
• ATR-based stop-loss and trailing stop
• Risk-reward take-profit targets
• Breakeven and partial close functions
• News filter using MT5 economic calendar
• Session filters (Asian, London, New York)
• Spread and slippage filters
• On-chart visual panel showing zones, previous day high/low and risk controls
• Fully automated once configured and attached to the chart

Recommended Settings

Pair: XAUUSD
Timeframe: M15 (main chart) with internal multi-timeframe analysis on H1 and H4

Start with conservative risk (0.5% or lower per trade). Review all input parameters carefully before running. Enable news and session filters according to your preference. Always test on a demo account first under your broker’s live spread conditions.

Advantages

• Automates multi-timeframe SMC structure so you do not need to mark zones manually
• Reduces emotional decision-making during entries and exits
• Visual panel helps monitor zones and risk in real time
• Flexible risk controls (percentage-based sizing, ATR stops, partial closes)
• Filters for news, sessions, spread and slippage add extra layers of protection
• Works 24/5 when paired with a reliable VPS

Disadvantages

• Performance depends heavily on broker spreads, slippage and execution quality
• Multi-timeframe SMC logic can struggle in prolonged ranging or low-liquidity conditions
• Incorrect settings or disabled filters can increase risk
• Requires proper demo testing and monitoring – not a pure set-and-forget system
• Some parameter labels may appear in Persian depending on the version
• No system eliminates drawdown; gold volatility remains a real risk factor

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.