Smart Gold Robot MT5 – Settings Review
Smart Gold Robot is an Expert Advisor (EA) developed by a seven-figure funded trader, automating his successful manual trading strategy. With its intelligent recovery system and focus on simplicity, it is a great solution for traders who want a plug-and-play, prop firm-ready EA for trading XAUUSD.
Key Features of Smart Gold Robot
- Professional Trading Logic: The EA is based on a successful manual trading strategy used by a professional funded trader.
- Smart Recovery System: The EA uses an intelligent grid mechanism to strategically enter trades and recover drawdowns, which is not a dangerous Martingale.
- True Plug & Play: The EA is pre-configured with optimal settings and requires no complex configurations, making it ready to trade out of the box.
- Strict Risk Management: The EA has built-in protection features, is ready for prop firm challenges, and is designed to preserve capital.
Smart Gold Robot Trading Strategy?
The core trading strategy of Smart Gold Robot is a professional, disciplined approach that is designed for XAUUSD. The EA’s logic is to execute trades based on a proven entry strategy. When the market moves against a position, the “Smart Recovery System” is activated. This intelligent mechanism analyzes market conditions and strategically enters trades to aim for a break-even or better. This is not a blind Martingale, but a calculated and professional approach to managing drawdown.
Detailed installation information
| Category | Setting | Analysis |
|---|---|---|
| Author Information | Contact: @RalphJordanEA Product link: MQL5 marketplace | Provides transparency and direct contact for support and updates. |
| Optimized For | XAU/USD (Gold) – Any Time Frame | Designed specifically for gold trading, giving flexibility across timeframes. |
| Lot Size Mode | Auto Lot Size | Automatically adjusts trade size based on account balance/risk. |
| Fixed Lot Size | 0.01 (only used if Fixed Mode is selected) | Ensures minimal exposure for small accounts when fixed lot mode is active. |
| Magic Number | 12345 | Unique identifier to avoid conflicts with other EAs running simultaneously. |
| Max Initial Trades/Day | 3 (0 = unlimited) | Limits daily entries, helping reduce overtrading and exposure. |
| Drawdown Control Mode | Percent % – Close all EA trades & Continue | Automatically cuts risk when drawdown exceeds the set threshold. |
| Drawdown Limit | 50% | Ensures account protection by stopping trading if equity drops by half. |
| Push Notifications | Disabled (false) | Can be enabled for real-time alerts; currently set to off. |
Conclusion
The Smart Gold Robot MT5 settings are designed for safe and adaptive gold trading. With Auto Lot Size management, traders benefit from dynamic position sizing, while the daily trade cap (3 max trades) prevents excessive exposure. The built-in drawdown control with a 50% safety limit adds an extra layer of risk management, ensuring account protection during volatility. Optimized for XAUUSD across all timeframes, this EA provides both flexibility and reliability. Overall, Smart Gold Robot MT5 is a well-balanced expert advisor for gold traders, offering automation, safety, and sustainable growth potential.
