๐งฉ What is Aura Black Edition MT5?
Aura Black Edition MT5 is a high-end automated trading robot developed by Stanislav Tomilov (AlgoMastery), specifically designed for trading Gold (XAUUSD). Unlike many generic EAs, this system is powered by a Multilayer Perceptron (MLP) Neural Network, which utilizes artificial intelligence to identify non-linear market patterns and adapt to evolving trends.
The Expert Advisorย (EA) is widely recognized for its “safe” approach to the market, explicitly avoiding high-risk methods such as Martingale, Grid, or Averaging. Instead, it relies on strict Hard Stop Loss and Take Profit levels for every position, making it a popular choice for prop firm challenges like FTMO.
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๐งฉ General Trading & Risk Management Settings
๐ถ Visual & Recovery Controls
- Visual Panel: true
Enables on-chart monitoring, useful for manual supervision and transparency. - Recovery: false
No martingale or grid recovery is used. This significantly reduces risk of account blow-up. - Recovery Coefficient: 2.8
Inactive due to recovery being disabled.
โ Assessment: This EA is not using aggressive recovery or martingale, making it safer than many grid-based systems.
๐ถ Daily Risk Protection
- Daily Loss Limit: false
- Daily Loss Limit %: 5.0
- Forbiddance of Trading after Loss: false
- Duration of Forbiddance: 300 minutes
โ ๏ธ Assessment:
Although loss protection parameters exist, they are currently disabled. This means:
- No automatic stop after drawdown
- Risk depends entirely on lot sizing and stop loss
๐ Recommendation: Enable daily loss protection for funded accounts.
๐ถ Lot & Position Sizing
- Use Risk Percent %: false
- Risk Percent %: 10.0 (inactive)
- Lot for Balance: 0.01
- Balance: 100
- Fix Lot (if 0 then Auto): 0.0
๐ Interpretation:
- Fixed lot sizing based on balance reference
- Approx. 0.01 lot per $100 balance
- Conservative exposure per trade
โ Assessment: This is a safe and beginner-friendly lot model, suitable for small to medium accounts.
๐งฉ Trading Time & Session Control
- Trading Window: 01:00 โ 23:00
- Delay of Open Deal: false
- Open Deal Delay (Seconds): 10
โฐ Assessment:
- Trades almost the entire day
- No entry delay filtering (news spikes may affect entries)
๐งฉ Execution & Market Filters
๐ถ Core Execution
- Magic Number: 1
- MaxLot: 100
- Slippage: 100
- MaxSpread: 2000
โ ๏ธ Risk Notes:
- Very high max spread tolerance
- High slippage allowance
๐ Conclusion: This EA is designed to execute trades even in volatile conditions, but may suffer poor fills during high spread environments.
๐ถ Directional Controls
- Only Buy: false
- Only Sell: false
- Open Opposite Deals: true
- Max Opened Deals: 3
๐ Assessment:
- Trades both directions
- Allows hedging or counter-positions
- Max 3 simultaneous trades โ controlled exposure
๐งฉ Trade Exit & Trailing Management
๐ถ Trailing Stop System
- Trailing On: true
- Instant Trailing: false
- Trailing Start: 30 pips
- Trailing From: 10 pips
- Trailing Step: 5 pips
๐ Evaluation:
- Trailing activates after price moves favorably
- Smooth profit locking
- Avoids premature stop-outs
๐ถ Break-Even & Exit Levels
- Use Breakeven: false
- BE Activation: 50
- BE Pips: 5
- Take Profit: 150 pips
- Stop Loss: 250 pips
โ๏ธ Risk/Reward Ratio:
- R:R โ 1:0.6
- Large stop loss โ strategy relies on win rate & trailing
๐ Conclusion: This EA prioritizes trade survival and trailing profits over tight stop losses.
๐งฉ Weekly Trading Schedule
- Trade MondayโFriday: true
- Close at Friday: false
- Friday Close Hour: 23
๐ Assessment:
- Trades full week
- Holds positions over weekend (swap & gap risk)
๐งฉ Range Filter & Volatility Logic
- Range Filter: false
- Bars to Build Range: 192
- ATR Period: 30
- Min Box: 14.1
- Max Box: 50.3
- ATR Timeframe: H12
๐ Assessment:
- Range filter logic exists but is disabled
- EA trades in all market conditions (trend + range)
๐งฉ News Filter Settings
- Use News Filter: false
- Block Before News: 60 minutes
- Block After News: 60 minutes
- Countries: US
- High Impact News: true
- Moderate Impact: false
๐จ Critical Observation:
Despite having a well-defined news filter, it is disabled, exposing the EA to:
- NFP
- CPI
- FOMC volatility
๐ Strong Recommendation: Enable news filter for live trading.
๐งฉ Final Conclusion โ Is This Aura Black Edition Setup Safe?
โ Strengths
- No martingale or recovery.
- Conservative lot sizing.
- Trailing stop enabled.
- Limited number of open trades.
- Works in both buy & sell directions.
โ ๏ธ Weaknesses
- Daily loss protection disabled.
- News filter disabled.
- Very wide stop loss.
- High spread and slippage tolerance.
- No range or volatility filter active.
๐ฏ Best Use Case
This configuration is best suited for:
- Cent or small accounts.
- Prop firm testing (with added safety filters).
- Traders who prefer low lot, long-duration trades.
๐ง Overall Verdict
Aura Black Edition MT5, with these settings, is a moderate-risk automated trading system focused on trade longevity and trailing profits, but it requires additional safety features enabled (news filter & daily loss limit) to be considered robust for live or funded trading.
