Introduction

Wukong Small Account Safe Gold EA V1.20 is an automated trading system developed for the MetaTrader 5 platform and designed specifically for trading gold (XAU/USD). The system aims to provide a structured and disciplined trading approach by using algorithm-based analysis to identify potential trade opportunities and execute them automatically. It focuses on controlled risk exposure and gradual account growth, making it suitable for traders who prefer a safer trading strategy, particularly those operating with smaller account balances. By automating trade execution and management, the EA helps eliminate emotional decision-making and allows traders to participate in the gold market without constant monitoring.

Key Features

Designed specifically for gold (XAU/USD) trading.
Fully automated trade execution on the MetaTrader 5 platform.
Built-in risk management including stop loss and controlled lot sizing.
Trade management features that monitor and manage open positions automatically.
Customizable parameters such as risk level, lot size, and trade limits.
Continuous market monitoring throughout the trading week.
Spread filtering to avoid unfavorable trading conditions.
Compatible with most MT5 brokers.
Backtesting capability through the MetaTrader 5 strategy tester.
VPS-friendly for uninterrupted automated trading.

Recommended Settings

Recommended settings may vary depending on account size and broker conditions, but conservative settings are usually suggested.

Risk per trade: 1% to 2% of account balance
Fixed lot size for small accounts: approximately 0.01 lot per $500–$1000
Timeframe: commonly M15, M30, or H1 depending on optimization
Leverage: around 1:100 or lower for better risk control
Maximum simultaneous trades: limited to reduce exposure
Spread filter: enabled to avoid high trading costs

It is recommended to test settings on a demo account before trading on a live account.

Backtest Result

Backtesting using the MetaTrader 5 strategy tester allows traders to analyze how the EA might have performed historically.

Typical backtest observations may include:

Gradual equity growth over time
Controlled drawdown levels when using conservative settings
Consistent risk-to-reward balance

Advantages

Automated trading reduces the need for constant market monitoring.
Designed with small accounts in mind, focusing on safer risk exposure.
Removes emotional trading decisions by following predefined rules.
Built-in risk management features help protect trading capital.
Continuous market analysis allows the system to detect trading opportunities throughout the trading day.
Customizable settings allow traders to adapt the EA to different account sizes and risk preferences.

Disadvantages

No automated trading system can guarantee consistent profits.
Performance depends heavily on market conditions and volatility.
Incorrect configuration or aggressive risk settings can increase losses.
Broker spreads and execution speed may affect results.
Requires the MetaTrader 5 platform to remain active, making VPS usage advisable.

Installation and Setup Guide

Download the EA file in .ex5 format.
Open MetaTrader 5 and click File, then Open Data Folder.
Navigate to the MQL5 folder and open the Experts directory.
Copy the EA file into the Experts folder.
Restart MetaTrader 5 to load the new Expert Advisor.
Enable algorithmic trading in the platform settings.
Open a gold (XAU/USD) chart on the recommended timeframe.
Drag the EA from the Navigator panel onto the chart.
Adjust risk, lot size, and other parameters according to your account size.
Confirm that the EA is active and monitor performance initially on a demo account.

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.