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Monster EA X Gold MT5

3
Monster EA X Gold is a GOLD trading expert advisor based on a strong scalping strategy in the night when the market volume is low combined with a strong trade management and execution system.

Trading Strategy

Monster EA X Gold trades only on GOLD using only pending orders. It starts putting pending orders on specific times with proper Stop Loss and Hidden Profit Booking mechanism when the scalping strategy probability is the highest, it uses combination of linked numbers and settings combined together to create a highly probable entry points which in return carry forward by the expert in the form of pending orders.

The Expert Advisor works on M5 or 5 minute time frame only, do not use this EA on any other time frame otherwise you will not get the best performance, also this EA has been extremely optimized based on 5Min timeframe only.

This Expert Advisor is highly reliable and have been highly optimized considering trading on a real account using MT5 (real ticks based on real data) to get the most real results of the market, also this EA has been optimized specifically on GOLD pair to get the best outcome.

It does not use any kind of dangerous strategies like Martingale, Grid etc. which makes this Expert Advisor extremely safe to use. But also, this expert advisor is extremely profitable but on the other hand DD can raise upto 30-35% depending upon the settings you will use, DD can be lowered down by decreasing the lot size.

Also, with the increase or decrease in balance this EA will auto adjust the lot size by considering the balance of the account which makes this easy very user friendly and easy to use

Important Links

Important Points

  • Do not forget to use set files for back testing or for trading (most important)
  • Look at the screenshots carefully for proper guidance
  • Adjust the MM_PositionSizing to get the desired lot size (increase of MM_PositionSizing will decrease the lot size and decrease of MM_PositionSizing will increase the lot size)
  • To keep the account safe do not set MM_PositionSizing below 3000 otherwise risk will be very high and to keep the drawdown low use MM_PositionSizing above 5000
  • Incase of any doubts or queries contact me

Important Note

Being an advanced and experienced trader we know that the market changes after every 4-5 months, so we always optimize and updates our EAs according to the latest market conditions which makes our EAs most profitable and most reliable which in return provided us consistent monthly growth. Also we advice whenever you will try to backtest the EA, do not backtest on a larger history because market changes after every 4-5 months, so always backtest EAs on 4-5 months history data only using MT5 strategy tester only because that will provide you 100% history quality and real market results.

Recommended Brokers

  • Tickmill.Com : Pro Account
  • ICMarkets : Raw Spread Account
We recommend you to use lowest spread brokers to use this EA also hedging should be allowed on the broker.

Author

I have an experience of more than 10 years in forex and gold trading, I started my career as a trader and now developing Expert Advisors to make trading process and trading fully automated as I believe "if you can't make money while you sleep, you have to work for your whole life"

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WiWaWi
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WiWaWi 2022.12.12 01:12 
 

Lost today, 5 trades placed and all lost, not very profitable. 12/12 has neutralized all previous gains of this latest version, 1 month with latest version minimal loss.

I would have wished, if the orders on Friday were profitable overall, to complete them. Then everything would have been OK. But going into the weekend with 5 orders is quite risky.

I too would like a live signal.

It's annoying that news from the Martini EA is constantly coming on all Telegram channels. There is currently not much positive news from other EAs.

Reply to review
Version 1.4 2022.11.13
- SL has been reduced to half now
- Extreme complex settings has been integrated which has incredibly increased the performance of the EA
- Trades will not float more than 6 hours now
- Trade on Friday has been enabled which has increased the profitability of the EA
- Can work on +2 GMT as well as +3 GMT now without any changes to be done
- Future optimisation technique has been used for optimisation of the EA
-Increased number of trades
Version 1.3 2022.08.11
-Code Error Fix
-Future Market Optimized
Version 1.2 2022.08.01
-Every 2 Month Routine Optimization
-Increased Accuracy
-Decreased DD
Version 1.1 2022.07.06
-Latest Market Condition Optimization (Monthly Procedure)