Introduction
Dark Gold MT5 is an Expert Advisor designed for scalping on Gold, Bitcoin, EURUSD, and GBPUSD. With a rating of 4.67 and a slew of positive user reviews, it promises a lot. But does it deliver? Let's dive into the nitty-gritty and see if this robot is worth your time and money.Features
Dark Gold MT5 comes packed with a variety of features aimed at providing a customizable trading experience. Here are the main ones:- Trend-Following and Counter-Trend Strategies: The EA can switch between these two strategies based on user preference.
- External Settings: All settings, including Magic Number, Maximum Spread, Lot Size, Stop Loss, and Take Profit, are customizable.
- Indicator Integration: Utilizes the Dark Support Resistance indicator, although owning it is not mandatory.
- Risk Management: Features include fixed or dynamic lot sizes, trailing stops, and maximum allowable drawdown settings.
- Compatibility: Works on multiple timeframes (M5, M15, H1) and is optimized for ECN brokers and low latency VPS environments.
Performance Analysis
Over the past year, Dark Gold MT5 has shown mixed results. While some users have reported impressive gains, others have experienced significant drawdowns. The robot's performance is highly dependent on the settings and market conditions.User Reviews:
- Sergei Makarevich: Great job and a great advisor. Everything is simple and concise! Rapid product optimization makes it possible to get deeper settings. RESPECT to the developer of this adviser!!!
- Adam Akhund: hi , would like to acquire the indicator , back test looks good.
- Nigel Brian Frith: So far so good! Im using the EA on Gold (so far). planning on FX with optimised set files too.. After Optimisation the inputs seem realistic and draw down not so bad. M1 is very active trader which is what ive been lookig for
Nice work Marco!!
Pros and Cons
Pros:- Highly customizable settings.
- Versatile strategies (trend-following and counter-trend).
- Good user feedback and high rating.
Cons:
- Performance can be inconsistent.
- Requires a deep understanding of settings for optimal results.
- Significant drawdowns reported by some users.
Conclusion
Dark Gold MT5 offers a lot of features and customization options, making it a versatile tool for experienced traders. However, its performance can be inconsistent, and it requires a good understanding of its settings to achieve optimal results. If you're willing to invest the time to fine-tune it, Dark Gold MT5 could be a valuable addition to your trading arsenal.Source Code of Dark Gold MT5
We don't have access to the original source code of Dark Gold MT5 sold on MQL5. However, based on its description, we have created a sample code that mimics its functionalities. If you have any questions about the code, feel free to ask. This example is provided by easytradingforum.com. Note that the EASY Trading Team does not sell Dark Gold MT5; we only created this code based on its description.
Code:
You don't have permission to view the code content. Log in or register now.