
Description
Introduction
This MT5-based automated trading system is designed specifically for trading gold (XAUUSD) with a focus on consistency, risk control, and prop firm compatibility. It operates using predefined algorithms to analyze market conditions, execute trades, and manage risk without manual intervention. The system is intended for traders who want a disciplined and systematic approach to trading, especially in high-volatility markets like gold.
Key Features
- Fully automated trade execution with no manual input required
- Optimized specifically for XAUUSD market behavior
- Built-in risk management including stop loss, take profit, and drawdown control
- Prop firm friendly logic designed to meet strict trading rules
- Smart entry and exit conditions based on trend and volatility
- Trade management features such as trailing stop and break-even
- News filter to avoid high-impact market events
- Compatible with VPS for continuous operation
- Supports backtesting and optimization on MT5
Recommended Settings
- Use on XAUUSD only
- Timeframe: M15 or M30 (depending on strategy preference)
- Risk per trade: 1% to 2% of account balance
- Use a low spread ECN broker
- Enable news filter if available
- Use VPS for stable 24/7 performance
- Start with conservative lot sizing, especially on small accounts
Backtest Result
- Shows consistent performance under optimized historical conditions
- Typically demonstrates controlled drawdown when proper risk settings are used
- Profitability depends on market conditions and parameter selection
- Backtest results may vary depending on data quality and broker conditions
- Past performance does not guarantee future results
Advantages
- Removes emotional trading decisions
- Saves time by automating analysis and execution
- Maintains consistent trading discipline
- Optimized for gold’s volatility
- Suitable for prop firm trading environments
- Operates continuously without manual monitoring
- Built-in risk management helps protect capital
Disadvantages
- Performance depends on market conditions
- No guarantee of profit; losses are possible
- Requires proper configuration and understanding
- Sensitive to broker conditions such as spread and slippage
- May require VPS for optimal performance
- Strategy may not adapt well to sudden market changes
Installation & Setup Guide
- Install MetaTrader 5 and log in to your account
- Open MT5 and go to File → Open Data Folder
- Navigate to MQL5 → Experts
- Copy the EA file into the Experts folder
- Restart MT5 platform
- Open XAUUSD chart and select preferred timeframe
- Drag and attach the EA to the chart
- Configure input settings (risk, SL, TP, etc.)
- Enable AutoTrading in MT5
- Monitor performance and adjust settings if needed.
Support & Disclaimer
Support
If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:
WhatsApp: Click here
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.
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