Gold king EA V2.04 MT5

Gold King EA V2.04 MT5

Gold King EA V2.04 MT5 is an Expert Advisor for MetaTrader 5, built for traders who want a rules-based process on gold instead of watching every spike. Gold often moves fast around session opens and news, and manual entries are easy to miss or chase. This build automates chart execution on MT5 so orders follow the EA rules once AutoTrading is enabled. It is listed by YoForex EA and is not the same file as Gold King AI EA V1.20 MT4. Confirm the V2.04 MT5 build before you install.

Key Features

• MetaTrader 5 Expert Advisor, version 2.04
• Built for gold trading on XAUUSD
• Automated entries, order management, and exits while the terminal is running
• Chart-based setup on the recommended timeframe
• Inputs for lot size, stops, and spread filter so risk can be adjusted per account
• Runs unattended when AutoTrading is on and the platform stays connected
• Suitable for Strategy Tester checks before any live use
• YoForex EA listing for buyers comparing MT5 gold bots

Recommended Settings

• Pair: XAUUSD (Gold)
• Timeframe: M15
• Platform: MetaTrader 5 only
• Account: Demo first, then a small live size only after logs match the test
• Risk: Low to medium lot sizing based on balance; do not raise risk after a short winning run
• Spread: Skip entries when the gold spread is wide, especially around news and rollover
• Sessions: London and New York, when gold liquidity is usually deeper
• VPS: Recommended if the EA will run while you are offline
• Broker: Any MT5 broker that offers XAUUSD with tight, stable spreads; ECN or raw is preferable

Attach Gold King EA V2.04 MT5 to XAUUSD on the M15 chart. If the product set file names a different timeframe, use that file and retest. Do not copy inputs from the MT4 Gold King build.

Advantages

• Cuts screen time versus manual gold trading
• Repeats the same rules, so entries are less emotional
• Can react as soon as its conditions are met
• Settings stay inside MT5, which makes demo review simpler
• Focused on one instrument, XAUUSD, instead of a crowded multi-pair template
• Can be forward-tested on demo before real money is used

Disadvantages

• Gold volatility can still produce losing streaks and drawdown
• Wide spread and slippage can damage fills around news
• Wrong lot size or a copied MT4 set file can overstate risk
• Needs a stable MT5 connection; a disconnect pauses management
• Backtests are not live results and are not a forecast
• Less flexible than manual trading when you want to stand aside
• MT4 users cannot run this build

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.

REFERRAL

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