Pure Rage EA V1.0 MT5

Introduction

Pure Rage EA V1.0 MT5 is an automated Expert Advisor designed for the MetaTrader 5 platform. It executes trades in the forex and XAUUSD markets based on algorithmic strategies, aiming to minimize emotional interference and optimize risk control. The EA is suitable for both beginners and experienced traders looking to automate their strategies.

Key Features

• Advanced Algorithmic Trading: Uses custom logic to find entry/exit points efficiently.
• Customizable Settings: Users can adjust parameters such as risk levels, trading hours, trade volume, and trading pairs.
• Instant Trade Execution: Trades are executed automatically, ensuring quick placement without manual delays.
• Stop Loss & Take Profit Management: Built-in features help to manage risk by limiting losses and locking profits.
• Multi-Pair Support: Supports major currency pairs including XAUUSD (Gold).

Recommended Settings

• Trading Pairs: EURUSD, GBPUSD, XAUUSD (Gold recommended).
• Timeframes: Typically M15–H1.
• Risk Management: Set stop loss/take profit based on your risk tolerance (1–2% risk per trade is common).
• Magic Number: Use a unique number to separate EA trades.
• Max Spread Filter: Avoid trading during high spread conditions.

Backtest Results

Based on historical backtesting, the EA shows consistent returns with balanced risk-reward. However, it's important to note that backtest results are not a guarantee of future performance.

Advantages

• Emotional Trading Elimination: Fully automated, leading to consistent, rule-based decisions.
• 24/5 Trading: Operates continuously during market hours, ensuring no opportunities are missed.
• Customizable for All Traders: Flexible settings make it suitable for both novice and experienced traders.

Disadvantages

• No Verified Live Track Record: While backtests are available, live trading performance may vary.
• Market Dependency: The performance may be affected by market volatility and unexpected conditions.
• Configuration Sensitivity: Improper risk settings could lead to significant drawdowns.

Installation & Setup Guide

1. Download the .ex5 EA file from your provider.
2. Open MetaTrader 5 and go to File → Open Data Folder → MQL5 → Experts.
3. Place the EA file in the Experts folder.
4. Restart MetaTrader 5 for the EA to appear in the Navigator panel.
5. Drag the EA onto your selected chart (e.g., XAUUSD M15/H1).
6. Adjust settings like risk percentage, trade volume, stop loss/take profit, and trading hours.
7. Enable AutoTrading by clicking the button at the top of MT5 (it should be green).
8. Test the EA on a demo account before live trading.

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