Conviction Gold
- Experts
- Version: 3.63
- Activations: 5
Set risk. Run EA.
No parameter maze.
Conviction Gold is a risk-managed XAUUSD Expert Advisor built for simple operation.
Use the default profile, or adjust only the risk value according to your account preference.
The EA handles score-based evaluation, signal-weighted position sizing, and trade execution internally.
Conviction Gold differentiates each setup using an internal score-based model.
Stronger internal scores can apply a larger pre-defined risk multiplier within user-set risk limits.
Weaker conditions reduce exposure or skip the trade.
Total per-cycle risk is bounded by the user risk setting.
The focus is risk-defined execution, signal-weighted sizing, controlled drawdown behavior, and long-term test stability, not maximum profit.
Default settings ready to run
Risk mode: Balance percent
Risk: 2.5% per cycle default
Risk range: 1.5% to 5.0% with built-in safety limits
Symbol: Attached chart symbol, optimized for XAUUSD and broker gold symbols
Timeframe: M5
Key features
Real tick backtest
Risk-managed execution
Score-based trade evaluation
Signal-weighted position sizing
Simple risk setup
Default profile ready
XAUUSD optimized logic
Hedging account required
Risk model
Category: Grid and Level trading under MQL5 classification.
Loss-recovery doubling is not used.
Grid-based scaling may be used during execution, but total risk is bounded before the trade cycle begins.
The EA does not increase risk after losses to recover previous trades.
Position exposure is determined by internal signal quality and user risk settings.
Maximum concurrent positions can reach up to 10, depending on market conditions and scenario activation.
Each grid scenario uses an ATR-based stop loss model.
Backtest record
Test period: January 1, 2022 to May 31, 2026
Test length: 53 months
Symbol: XAUUSD
Model: Real ticks
Starting balance: $10,000
Conservative setting, 1.5%:
Final balance: approximately $0.20M
Max equity DD: approximately 19.02%
Sharpe ratio: approximately 3.73
Default setting, 2.5%:
Final balance: approximately $1.10M
Max equity DD: approximately 29.83%
Sharpe ratio: approximately 3.52
Upper-bound setting, 5.0%:
Final balance: approximately $7.27M
Max equity DD: approximately 49.27%
Sharpe ratio: approximately 2.60
Backtests are shown with a $10,000 starting balance.
Users should choose risk according to their own account size and margin conditions.
Note
Backtest results reflect a single broker's historical data with the real-tick model.
Live results will vary materially due to spread, slippage, execution quality, broker conditions, and data quality.
Compounding over 53 months magnifies small per-trade variations into large balance differences.
Operational requirements
VPS recommended for stable 24/5 operation.
Tested baseline balance: $10,000
Account type: Hedging required.
Netting accounts are not supported.
Sufficient margin is required.
High leverage does not remove trading risk.
Low-spread broker conditions are recommended.
Safety
Orphan position detection is included.
After restart, the EA blocks new entries until existing positions are reconciled.
Manual review may be required after the first deployment or after unexpected terminal shutdown.
Important
Past performance does not guarantee future results.
Backtest results do not guarantee future live trading results.
Trading involves substantial risk.
Users are fully responsible for their own trading decisions, broker conditions, leverage, spread, slippage, execution quality, and account risk.
