GoldRake EA V1.0 MT5

Introduction

GoldRake EA V1.0 MT5 is an Expert Advisor designed for MetaTrader 5. It focuses on automated trading of XAUUSD on the M15 timeframe. The bot aims to handle signal detection, trade entry, position management and exits according to its programmed rules, reducing the need for continuous manual monitoring of gold price action.

Key Features

• Runs exclusively on MetaTrader 5
• Trades XAUUSD (Gold)
• Optimized for the M15 timeframe
• Fully automated once attached and enabled

Recommended Setting

Pair: XAUUSD
Timeframe: M15
Attach the EA to an XAUUSD M15 chart in MetaTrader 5. Always start with the default inputs provided by the developer and test thoroughly on a demo account before any live use. Specific risk and lot-size parameters should be verified in the EA inputs and documentation.

Advantages

• Removes the need for constant screen time on the M15 gold chart
• Provides rule-based execution that can improve consistency compared with discretionary trading
• Operates automatically during selected sessions once correctly installed and configured
• Allows traders to test behaviour on demo before risking real capital

Disadvantages

• Strategy logic, exact entry filters and risk parameters are not publicly detailed and must be verified
• Performance depends heavily on broker spreads, slippage and execution quality on XAUUSD
• No independently verified public backtest or live track record available at the time of writing
• Requires a stable VPS or continuous internet connection for reliable operation
• Like all automated systems, it is exposed to drawdowns and changing market conditions

Support & Disclaimer

Support:

If you need help installing or Downloading or  configuring your EA  , or face any kind of bug, feel free to reach out on:

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.