📌 Introduction

The Vex Gold EA V1.14 MT5 is a fully automated Expert Advisor designed exclusively for XAU/USD trading on the M15 timeframe. Unlike modern robots relying on AI or neural networks, this EA uses pure price action logic to identify structural pivot levels and execute trades through pending stop orders. It manages one position at a time with fixed risk parameters, making it a transparent and verifiable trading tool for gold specialists.

⭐ Key Features

No AI, machine learning, or neural networks - pure price action strategy
Dual-timeframe EMA filter for trend confirmation
Pending stop orders placed at validated pivot levels
Fixed Stop Loss and Take Profit per trade
Three-stage trailing stop mechanism
One position at a time - no martingale, grid, or averaging
Spread filter on new entries and trailing modifications
Daily loss limit isolated per EA and symbol
Pivot memory prevents repeated entries at same levels
Weekend pending order cancellation
Risk profile sizing (Low 2%, Medium 5%, High 8%) or fixed lot sizing
State persistence survives terminal restart

⚙️ Recommended Settings

Trading Instrument: XAU/USD only
Timeframe: M15
Account Type: RAW or ECN spread account
Minimum Balance: $200
Minimum Leverage: 1:100
Position Sizing: Risk Profile (Low/Medium/High) or fixed lot
Open Positions: Only one at a time
Spread Conditions: Tight spreads required for optimal performance

✅ Advantages

Transparent and verifiable price-action logic
No dangerous martingale, grid, or averaging systems
Multiple risk controls including spread filters and daily loss limits
Specialized exclusively for gold trading
Simple to understand and configure
State persistence after terminal restart

❌ Disadvantages

Requires RAW/ECN accounts with tight spreads
Minimum $200 balance and 1:100 leverage required
Performance depends heavily on broker execution quality
Not suitable for traders seeking high-frequency or multi-pair trading
Backtests do not guarantee future results

🏁 Conclusion

The Vex Gold EA V1.14 MT5 offers a disciplined, transparent approach to automated gold trading. By rejecting AI hype and focusing on pure price action with robust risk management, it provides traders with a verifiable tool for XAU/USD on the M15 timeframe. While it requires specific account conditions and realistic expectations, its commitment to transparency and risk control makes it a compelling choice for gold specialists seeking consistency over speculation.

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.