Conquest MT5

Conquest is my flagship MT5 Expert Advisor and some of my best work to date. Built exclusively for XAUUSD, it delivers a disciplined, systematic approach to gold trading while prioritizing capital preservation above everything else.

Key Features

• Fully automated trading for XAUUSD

• Dual trading engines: EA Mode 1 and EA Mode 2

• Multiple risk management modes

• Built-in high-impact news filter (NFP, CPI & FOMC)

• Optimized for both live trading and MT5 Strategy Tester

EA Modes (New in v2.840)

The v2.840 update introduces EA Mode 2, the largest evolution of Conquest's execution architecture to date. Conquest now features two independent trading engines built around the same proprietary entry methodology. Both modes identify and execute the exact same high-probability setups; the distinction lies entirely in how positions are managed after entry.

Mode 1 remains the original flagship execution engine, retaining the proven entry and exit methodology that Conquest was built upon. It is designed for balanced consistency, disciplined trade management, and robust performance across varying market conditions.

Mode 2 preserves the identical proprietary entry logic of Mode 1 while introducing a completely redesigned exit engine focused on maximizing trend participation. It is particularly effective when paired with the Percentage Risk sizing model, making it the preferred choice for adaptive equity growth.

Risk Management

Conquest features a professional, unified risk management system designed to accommodate both conservative and aggressive trading styles. Position sizing can be calculated using Percentage Risk, Fixed Lot, Lot per Dollar Amount, or Balance Scaling, allowing the EA to adapt seamlessly to different account sizes and capital management preferences.

Beyond position sizing, multiple layers of capital protection are built into the strategy. A hard emergency capital-protection stop is designed to safeguard the account during extreme market events or unexpected execution failures, while the universal Trailing Stop Loss can be enabled or disabled regardless of the selected EA mode. The Low Setup Quality Reduction system further enhances risk control by automatically reducing exposure through Tier 1 and Tier 2 scaling whenever market conditions are deemed statistically weaker.

Setup Requirements

• Instrument: XAUUSD (Gold)

• Timeframe: Any (Conquest manages its internal timeframes automatically)

• Minimum Deposit: $500 (recommended $1,000+)

• Leverage: 1:400 or higher

• Account Mode: Hedging

• Account Type: Raw Spread / ECN

• VPS: ForexVPS.net recommended

• Recommended Brokers: FP Markets

How to Use

1. Enable Algo Trading in MT5.

2. Attach Conquest to any XAUUSD chart.

3. Select your preferred EA Mode and Risk Mode.

4. Leave remaining settings on default unless customization is required.

5. Add https://www.worldtimeserver.com to Tools → Options → Expert Advisors → Allowed URLs for automatic time synchronization.

Execution Dashboard

The integrated Execution Dashboard gives you a live overview of the EA's operational health and market environment while trades are being managed. It continuously monitors execution quality by displaying current slippage, broker execution latency, the active risk mode, and the status of the built-in news filter. A proprietary heuristic prediction engine provides additional market context, while the dashboard also reports real-time trade activity and overall system status for complete execution transparency.