King Of Gold EA V1.5 MT5

Introduction

King Of Gold EA V1.5 is a fully automated Expert Advisor developed for the MetaTrader 5 platform, designed specifically for trading the Gold (XAUUSD) market. The EA is built to handle gold’s high volatility using predefined algorithms and risk-managed trade execution. It aims to eliminate emotional trading by following strict rules for entries, exits, and trade management.

Key Features

• Optimized exclusively for XAUUSD (Gold)
• Fully automated trade execution on MT5
• Uses built-in stop loss and take profit protection
• Includes structured risk management logic
• Customizable parameters for different risk profiles
• Operates continuously without manual intervention

Recommended Settings

• Trading pair: XAUUSD
• Timeframe: H1
• Minimum deposit: 500 USD
• Recommended deposit: 1000 USD or higher
• Lot size: 0.01 per 500–1000 USD balance
• Leverage: 1:100 or higher
• Account type: Low spread or ECN preferred
• VPS: Recommended for stable 24/7 operation

Backtest Result

• Shows strong historical performance under optimized settings
• High win rate in favorable market conditions
• Controlled drawdown with proper risk settings
• Consistent trade activity on the H1 timeframe
• Performance depends on broker data, spread, and execution

Advantages

• Fully automated gold trading system
• Removes emotional trading decisions
• Suitable for beginners and experienced traders
• Built-in risk management features
• Simple installation and configuration

Disadvantages

• Requires good broker conditions for best results
• Performance may vary during extreme market volatility
• VPS is recommended for uninterrupted trading
• Past performance does not guarantee future results

Installation & Setup Guide

1. Download the EA
   Download the King Of Gold EA V1.5 file (usually in .ex5 format).

2. Open MT5 Data Folder
   Open MetaTrader 5.
   Click File → Open Data Folder.

3. Copy the EA File
   Go to MQL5 → Experts.
   Paste the King Of Gold EA V1.5.ex5 file into the Experts folder.

4. Restart MT5
   Close and reopen MetaTrader 5 so the EA appears in the Navigator panel.

5. Enable Automated Trading
   Go to Tools → Options → Expert Advisors.
   Enable:

• Allow automated trading

• Allow DLL imports (if required by the EA)
  Click OK.

1. Open the Correct Chart
   Open the XAUUSD (Gold) chart.
   Select the recommended timeframe (commonly M15, M30, or H1 depending on preset).

2. Attach the EA
   In Navigator → Expert Advisors, locate King Of Gold EA V1.5.
   Drag it onto the XAUUSD chart.

3. Configure Inputs
   In the Inputs tab:

• Set lot size (fixed lot or risk-based).

• Adjust risk percentage conservatively (1–2% recommended for gold).

• Configure Stop Loss and Take Profit if customizable.

• Set spread filter and slippage settings.

• Load preset (.set) file if provided.

Click OK.

1. Activate AutoTrading
   Ensure the AutoTrading button at the top of MT5 is green.
   Confirm the EA status icon appears in the upper-right corner of the chart.

2. Recommended Setup

• Use a low-spread broker with strong gold execution.

• Leverage 1:100 or higher.

• Minimum deposit: $1000 or more recommended due to gold volatility.

• Use a VPS for stable 24/5 operation.

• Backtest in MT5 Strategy Tester before going live.

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.