Devils Contract EA V2.23 MT5

Devils Contract EA V2.23 is a fully automated multi-strategy Expert Advisor for MetaTrader 5 designed exclusively for XAUUSD. It combines up to 36 internal trading strategies within one shared grid, basket, and risk-management system to handle different market conditions on gold.

Key Features

• Up to 36 internal strategies covering trend, momentum, breakout, mean-reversion, volatility, and multi-timeframe signals
• Progressive grid and basket management without Martingale lot multiplier
• Virtual basket trailing
• Magic Number-based drawdown protection (default 30%)
• Integrated high-impact USD news filter
• Spread filter
• Auto Lot and Fixed Lot money management
• Information panel on chart
• Designed for MT5 hedging accounts

Recommended Settings

Advantages

• Multi-strategy approach adapts to different gold market phases
• No Martingale lot multiplier reduces aggressive risk compounding
• Built-in news, spread, and drawdown filters
• Clear focus on XAUUSD with symbol detection for most brokers
• Free demo available for testing
• Progressive grid spacing helps manage strong moves better than fixed-distance grids

Disadvantages

• Grid system can still create significant drawdown and high margin usage in prolonged trends
• Requires true MT5 hedging account (not suitable for netting accounts)
• Needs continuous operation via VPS for proper grid and trailing function
• Higher capital recommended for safer operation
• Results vary strongly depending on broker spreads, execution, and market conditions
• Not suitable for traders seeking simple non-grid or single-position systems

Support

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

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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.