Relay EA V1.15 MT5

Introduction

Relay EA V1.15 is an automated Expert Advisor designed for the MetaTrader 5 platform. It is built to trade XAU/USD (Gold) and is recommended for use on the M15 timeframe. The EA aims to reduce the need for constant chart monitoring by applying systematic trade execution based on its programmed rules.

Key Features

• Compatible with MetaTrader 5
• Designed for XAU/USD
• Recommended timeframe: M15
• Fully automated trade execution once attached and enabled
• Runs according to predefined logic without requiring continuous manual intervention

Recommended Settings

• Platform: MT5
• Instrument: XAU/USD
• Timeframe: M15
• Risk parameters: Start with conservative lot sizing and stop-loss levels; adjust only after thorough demo testing
• VPS: Strongly recommended for stable 24/5 operation
• Always review and confirm all input parameters provided with the EA before live use

Advantages

• Removes emotional decision-making from entries and exits
• Allows systematic trading on gold without constant screen time
• Suitable for traders who prefer automation on the M15 gold chart
• Can run continuously when hosted on a reliable VPS

Disadvantages

• Detailed strategy logic is not publicly documented and must be verified by the user
• Performance depends heavily on broker spreads, execution quality, and market conditions
• Like all EAs, it is exposed to drawdown, slippage, and periods of underperformance
• Requires proper testing, monitoring, and risk management; it is not a set-and-forget solution

Conclusion

Relay EA V1.15 MT5 is a straightforward automated tool focused on XAU/USD on the M15 timeframe. It can be useful for traders seeking consistent rule-based execution on gold, provided they thoroughly test it on a demo account, use appropriate risk settings, and understand the inherent risks of automated trading. Always verify the latest documentation and settings before considering live use.

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.