Gold Veritas MT5

Overview of Gold Veritas MT5

• Gold Veritas MT5 is a fully automatic Forex Expert Advisor designed specifically for trading in the gold market.
• This EA operates effectively during quieter market hours, focusing on four primary currency pairs: XAUUSD, XAUJPY, XAUAUD, and XAUEUR.
• It employs a simplistic approach to settings, allowing users to modify risk levels and adapt the advisor to specific broker requirements. 💰

Key Features

• Pending orders are supported, which effectively reduces slippage during trades.
• The EA does not rely on averaging orders, martingale strategies, or other risky techniques, ensuring safer trading practices.
• Trades are generally closed within 3 to 5 hours, accompanied by both Stop-loss and Take-profit orders.
• A built-in volatility filter is included, which optimizes performance for each currency pair being traded.
• All trades conform to FIFO (First In, First Out) rules, enhancing compliance with regulatory standards.

Recommended Settings

• A minimum deposit of $100 is suggested to trade at 0.01 lots across all four pairs.
• Using Gold Veritas MT5 on ECN or RAW accounts, alongside a low ping VPS, is highly recommended for optimal performance.
• Users are encouraged to correctly set GMT and DST for their brokers to maximize the advisor's functionality.
• The EA allows for flexible lot sizing, either through fixed amounts or automatic calculations based on account balance.

User Experience and Feedback

• The product has garnered a mixed rating of 3.19 based on user feedback, indicating a variety of experiences among traders.
• Several users have found the EA to be reliable for executing trades but emphasize the need for careful monitoring and configuration. 📈
• Customer support from the developer has been highlighted positively, with assistance available for setting up and optimizing the EA.

Final Thoughts

• Gold Veritas MT5 offers traders an automated solution centered around gold trading with a focus on stability and safety.
• Its ease of use makes it suitable for both novice and seasoned traders looking to enhance their portfolio without excessive risk.
• Ultimately, like all trading systems, it carries risks, and users are advised to conduct their due diligence before implementing it. 🎉