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Mount Gold EA MT5

5

Mount Gold EA MT5

is based on combinations of classic indicators that include trend following as well as oversold/overbought strategies for trading the XAUUSD pair and is suitable to trade on Prop firms account.

It includes furthermore a powerful flexible configurable recovery mechanism as well as the option to place and close orders manually. For active Traders it makes it even more flexible for trading of further instruments than XAUUSD.

All the trade entries and exits are provided by virtual trailing algorithms to optimize trades for best prices. Adding of recovery trades doesn't be executed on static preset distances, but on related indicators as well as current market movement dynamic. The expert’s parameter list is designed for easy setup and operation.

It includes an Onscreen-panel with buttons for operate the manual functions that are fully operable in visual Backtest mode as well. This means that one can test the expert in visual Backtest mode just like if one would operate the purchased version.

Parameters Description: https://www.mql5.com/en/blogs/post/756038

Recommended Settings:

Timeframe: Any. Operation isn't affected by the current timeframe.

Broker: ECN Broker of low spread, low slippage

Account Type:  Hedging

VPS: Always recommended for continuously operating

Instrument: XAUUSD (2-Digits)

Leverage: For 1:100 accounts the minimum recommended capital should be $1000 and for 1:30 minimum $3000

 


Reviews 2
Ocean
389
Ocean 2024.03.26 21:12 
 

Have had the Mount Gold for 1 month and it works perfectly. Profitable. Excellent support

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Aura White Edition is unique Expert Advisor that continues the Aura series of advisors. The Expert Advisor is based on the engine of Aura Black Expert Advisor , but with a number of changes and author's settings for currency pairs. Innovative methods of the programme's approach to trading, and promising performance results are possible thanks to the use of modern technologies and methods. Aura White Edition is a fully automated EA designed to trade currencies only. Working pairs EURUSD, GBPUSD,
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Christian Jordan
448
Christian Jordan 2024.05.05 18:01 
 

User didn't leave any comment to the rating

Ocean
389
Ocean 2024.03.26 21:12 
 

Have had the Mount Gold for 1 month and it works perfectly. Profitable. Excellent support

Reply to review
Version 2.14 2024.06.29
- Added Reduction Compansation feature: If activated, it searches for orders in profit and compares them with orders in loss territory. If an order’s loss value multiplied by (-1) is less than the value of the profitable order, both orders become closed so that the Account’s Margin Level become reduced. This option is especially useful on low Leverage accounts, e.g. 1:30.
Version 2.12 2024.06.21
- Fixed Drawdown Reduction button issue
- Eliminated gaps of multiple same news text in News Event Filter
- Changed Friday Trading setting: If == 0, Trading Time like Mo to Th
- Minor bug fixes
Version 2.0 2024.06.04
- Added News Event Filter
- Optimized settings
- Minor bug fixes
Version 1.97 2024.04.03
- Changed default settings to more conservative
- Fixed an visual issue that didn't correctly switch the logo color correspondenting to the market and/or trading time on/off status
- Minor bug fixes
Version 1.92 2024.02.24
Fixed issues:
- Optionally disabling of BUY/SELL orders was not available
- On Panel displayed profit/loss didn't take into account commission/swap correctly
Version 1.90 2024.02.16
Added new strategies
Optimized Recovery settings
Minor bug fixes
Version 1.86 2024.02.14
Modified
Parameter of Calculation Mode for XAUUSD/Gold to work with Brokers that use different modes from the most used standard mode "FOREX"
Adjusted:
Default settings. Therefore, if you already purchased the expert or if you use the demo version, please reset the settings in the settings tab.
Version 1.85 2024.02.04
Code optimized for reduction of possible drawdown
Version 1.84 2024.02.03
Panel redesigned
Miner bug fixes
Code optimized
Version 1.81 2024.01.07
Minor bug fixes
Version 1.78 2023.12.06
Changed:
Trading time settings optimized
Fixed:
Minor bugs
Version 1.77 2023.11.30
Code optimized
Minor bug fixes
Version 1.72 2023.10.05
Minor bug fixes
Version 1.71 2023.10.03
Minor bug fixes
Version 1.70 2023.09.28
Optimized trade entry algorithm
Improved Drawdown Reduction functionallity
Preset Drawdown Reduction to "ON" at Grid level 4 in the settings
Added button to Panel to quick enable/disable Drawdown Reduction function
Added button to reset maximum Spread
Added sub-button to "[CLOSE]" button to manually close the latest Grid position
Version 1.67 2023.09.28
Minor bug fixes
Version 1.65 2023.09.18
Correction:
- Displaying trading time and spread on Panel correctly
Version 1.64 2023.09.17
Added:
- Show Max. Spread and floating Spread on Panel
- New entry filter for increased performance
- Order Protection against big Spread while Bulk profit trailing is active
Version 1.63 2023.09.10
Code optimized
Minor bug fixes
Version 1.62 2023.09.02
Added:
Enable/Disable Drawdown Reduction by activation at selected grid level.
Show status and level of DD Reduction on Panel.
If enabled, the latest grid position becomes closed if its profit matches with the drawdown of an earlier grid position. In that case the grid position in drawdown becomes closed as well to reduces the overall drawdown risk.
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Miscellaneous:
Minor bug fixes and adjustments
Version 1.61 2023.09.01
Added Sub-button to manually close last Grid position if it is in profit to the main "CLOSE" button
Added Grid Start Level to close last Grid position that is in profit
Comment: Now, if the last Grid position reached the predefined TakeProfit, the last Grid position can become closed manually or if already was enabled in the settings, it automatically become closed.