Sharkyra Gold EA V1.1 MT5

📌 Introduction

The Sharkyra Gold EA V1.1 is a fully automated MetaTrader 5 Expert Advisor built exclusively for trading XAUUSD (Gold). Operating on the M5 timeframe, this scalping system uses multi-timeframe trend analysis to identify high-probability entries while maintaining strict risk management on every trade.

🔑 Key Features

✅ 100% automated trading – hands-free operation
✅ Multi-timeframe trend analysis for accurate entries
✅ Stop loss on every trade – no martingale or grid strategies
✅ Built-in economic news filter to avoid volatility spikes
✅ High win rate of 88.17% in backtesting
✅ Low drawdown – max equity drawdown below 9%
✅ Moderate trade frequency – ~28 trades per month
✅ Specialized exclusively for XAUUSD/Gold pair

⚙️ Recommended Settings

• Trading Pair: XAUUSD (Gold) only
• Timeframe: M5 (5-minute chart)
• Minimum Deposit: $300
• Account Type: Hedging account required
• Spread: Low spread environment essential
• Broker: IC Markets recommended (preset file available)
• VPS: 24/7 VPS strongly recommended for optimal performance
• Lot Size: Start with conservative risk per trade

✅ Advantages

✔ Defined risk on every position with stop loss
✔ No dangerous martingale, grid, or averaging strategies
✔ Low drawdown protects capital
✔ Economic news filter adds extra safety layer
✔ Proven backtest with credible performance metrics
✔ Specialized focus on Gold for better accuracy

❌ Disadvantages

✖ Limited live trading track record
✖ Backtest covers only favorable Gold market conditions
✖ Unrealistically high Sharpe ratio displayed
✖ Scalping nature requires low spreads and fast execution
✖ New developer product with limited market history

🏁 Short Conclusion

The Sharkyra Gold EA V1.1 offers a disciplined, risk-aware approach to automated Gold trading. With its defined stop-loss system, multi-timeframe analysis, and news filter, it stands out as a reliable option for traders seeking consistent performance. While its limited live history and scalping dependencies require careful consideration, the EA's strong backtest results and conservative risk profile make it a promising choice for Gold traders using MT5.

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.