Gold Trap EA V4.24 MT5

INTRODUCTION

Gold Trap EA V4.24 MT5 is an automated Expert Advisor designed exclusively for MetaTrader 5. It trades XAUUSD on the M1 timeframe using a combination of the author’s indicators, levels, and price action. The EA places only one order at a time, always applies a fixed stop loss and take profit, and maintains a 1:3 risk-reward ratio without using martingale or other high-risk methods.

Key Features

• Works on XAUUSD only
• Designed for M1 timeframe
• Only one open order at a time
• Fixed Stop Loss of 1000 points
• Fixed Take Profit of 3000 points
• Risk-reward ratio 1:3
• Based on indicators, levels and price action
• No martingale or grid systems
• Always sets Stop Loss and Take Profit
• Compatible with MetaTrader 5
• Suitable for any account type
• VPS highly recommended

Recommended Settings

Pair: XAUUSD
Timeframe: M1
Stop Loss: 1000
Take Profit: 3000
Orders: Maximum 1 open trade
Risk-Reward: 1:3
Lot size: Adjust according to account balance and risk tolerance
VPS: Recommended for stable 24/5 operation
Minimum deposit: $100 (preferably $500 or more)

Advantages

• Fully automated entries and exits
• Strict risk control with fixed SL and TP on every trade
• No martingale or dangerous recovery methods
• Simple single-order logic reduces overtrading
• Consistent 1:3 risk-reward ratio
• Works independently of complex AI systems
• Easy to install and monitor on MT5

Disadvantages

• Limited to XAUUSD on M1 only
• Fixed 1000-point stop loss can create significant drawdown on small accounts
• Highly sensitive to spread, slippage and broker execution quality
• Requires stable VPS for continuous operation
• No multi-pair or multi-timeframe flexibility
• Performance depends on market conditions and cannot be guaranteed
• Needs proper risk management and ongoing monitoring

Support & Disclaimer

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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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.