Prop Firm Gold EA V2.0 MT5

<h3>Introduction</h3>

Prop Firm Gold EA V2.0 MT5 is a professional automated Expert Advisor for MetaTrader 5, optimized specifically for Gold (XAUUSD) trading. It is designed to suit prop firm account strategies and ensure consistency in trading through advanced trend detection, dynamic risk management, and volatility filters.

<h3>Key Features</h3>

<ul>

<li>Optimized for XAUUSD (Gold) on MT5</li>

<li>Utilizes a multi-strategy engine combining trend, range, and breakout signals</li>

<li>Includes dynamic risk management with auto lot sizing based on equity and volatility</li>

<li>Time filter to trade only during high-probability sessions</li>

<li>Drawdown control with max DD limiter and equity preservation</li>

<li>Optional news filter to avoid major economic release spikes</li>

<li>Smart take profit and adaptive stop loss logic</li>

<li>Prop firm ready, designed for real money and evaluation challenges</li>

</ul>

<h3>Recommended Settings</h3>

For best performance, use XAUUSD on the M15 timeframe. The risk level can be set to Low/Medium, depending on your account size. A max spread of 15 is ideal to avoid high trading costs. The EA works best during London and New York trading sessions, where liquidity is higher. To prevent execution issues, keep slippage under 3 points.

For smaller prop accounts, Low Risk settings are recommended, while Medium Risk can be used for larger accounts.

<h3>Backtest Results</h3>

While results may vary depending on the broker and execution speed, here’s an example of backtest data:

<ul>

<li>Profit Percentage: +238%</li>

<li>Maximum Drawdown: 9.5%</li>

<li>Total Trades: 312</li>

<li>Profit Factor: 2.47</li>

</ul>

<h3>Advantages</h3>

<ul>

<li>Specifically engineered for Gold volatility</li>

<li>Strong risk and drawdown controls</li>

<li>Automates high-probability trades</li>

<li>Well‑backtested over multiple market cycles</li>

<li>A good fit for prop firm challenges</li>

</ul>

<h3>Disadvantages</h3>

<ul>

<li>May not perform well in low volatility conditions</li>

<li>Requires a VPS and low spread broker</li>

<li>Settings might need adjustments based on broker execution</li>

<li>Not suitable for trading instruments other than Gold.</li>

</ul>

<h3>Installation and Setup Guide</h3>

<ol>

<li>Open MetaTrader 5.</li>

<li>Go to File → Open Data Folder.</li>

<li>Navigate to MQL5 → Experts.</li>

<li>Paste Prop Firm Gold EA V2.0.ex5 into the Experts folder.</li>

<li>Restart MetaTrader 5.</li>

<li>Open XAUUSD chart and set the timeframe to M15.</li>

<li>Drag Prop Firm Gold EA V2.0 onto the chart.</li>

<li>Set the Risk Level and adjust other inputs as necessary.</li>

<li>Enable AutoTrading in MetaTrader 5.</li>

<li>Ensure the EA shows a happy face on the chart.</li>

<li>Monitor the journal and trades for any adjustments.</li>

</ol>

<h3>Support & Disclaimer</h3>

<h4>Support</h4>

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

WhatsApp: <a href="https://wa.me/+443300272265" target="_new">Click here</a>

Telegram Group: <a href="https://t.me/yoforexrobot" target="_new">Join our community</a>

<h4>Disclaimer: </h4>

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.

Prop Firm Gold EA V2.0 MT5

Description