Gold Conjurer EA V1.0 MT5 Review: The Ultimate Gold Scalping Expert Advisor

Are you tired of “free” Expert Advisors that promise the moon and barely deliver a crater? If you’ve been chasing consistent gains on XAUUSD, you know how brutal the market can be—spreads widen, stops get hunted, and what looks like a setup often ends up a stop-out. Enter Gold Conjurer EA V1.0 MT5, your new go-to MT5 expert advisor for gold scalping success. Built by the YoForex team and battle-tested across hundreds of live market conditions, Gold Conjurer EA V1.0 MT5 aims to conjure profits out of thin air—without hidden fees or martingale tricks.

Overview
Gold Conjurer EA V1.0 MT5 is a fully-automated MetaTrader 5 expert advisor designed specifically for the XAUUSD pair on the M5 timeframe. Its core algorithm combines multi-layered filters, dynamic lot sizing, and precision entry logic to target micro-trends in the gold market. Unlike most free EAs that rely on fixed thresholds, Gold Conjurer adjusts to real-time volatility, so you don’t have to tweak settings every week.

Behind the scenes, the EA uses a hybrid of price-action signals and custom momentum indicators to pinpoint low-risk entries. A built-in volatility filter prevents trades during news spikes, while a proprietary trailing stop module locks in profits as the move unfolds. All this adds up to an EA that seeks small, consistent gains—aiming for 1–2% daily return with a maximum drawdown of 5%.

Key Features
• +1–2% target per trading day on average
• Max drawdown capped at 5% (no martingale)
• Fully adaptive lot sizing based on account equity
• News volatility filter to avoid high-impact events
• Custom momentum and price-action hybrid signals
• Dynamic trailing stop and break-even adjustment
• Low-risk entries on M5 XAUUSD only
• Demo-tested over 24 months; live-verified since January 2025
• One-click trade management panel for manual overrides
• 100% free to download and use—no subscriptions

 

 

How It Works
Gold Conjurer EA V1.0 MT5 operates on the principle that gold exhibits micro-trends even in choppy markets. Every tick, the EA scans multiple custom indicators—each tuned to capture a facet of momentum, ranging from short-term oscillators to trend-strength measures. When all filters align (momentum above threshold, trend direction confirmed, spread under 10 points), the EA opens a position with a lot size proportional to account balance and recent volatility.

Unlike fixed-stop EAs, Gold Conjurer’s stop-loss and take-profit levels adapt to current ATR values, ensuring each trade’s risk-reward profile remains favorable. If the market moves in your favor, the trailing stop engages at a distance equal to half the entry ATR, locking in profits without prematurely closing a valid trend. If price reverses, the EA exits at break-even or a small profit—minimizing the likelihood of a losing streak.

Backtest Results

  • Timeframe & Period: M5 XAUUSD from January 2020 to December 2024
  • Initial Deposit: $5,000
  • Total Net Profit: +150%
  • Drawdown: Max 4.8%
  • Number of Trades: 3,200+
  • Win Rate: 62%
  • Profit Factor: 1.85

Over 60 months of historical data, Gold Conjurer EA V1.0 MT5 delivered consistent upward equity curves, with minimal stagnation periods. The EA handled periods of extreme volatility—such as the March 2020 gold spike—by halting new entries during news events and focusing on small retracements, which preserved capital and sustained growth.

Live Trading Performance
Since going live in January 2025, Gold Conjurer EA V1.0 MT5 has been deployed on multiple real accounts. Early results indicate an average monthly gain of 5–7%, with maximum drawdowns staying below 3%. Traders report smooth operation on both ECN and raw-spread accounts, provided the broker offers execution speeds under 50ms.

Installation & Configuration

  1. Download the Gold Conjurer EA V1.0 MT5 file and unzip the contents.
  2. Copy “GoldConjurer.ex5” into your MT5 terminal’s MQL5/Experts folder.
  3. Restart MetaTrader 5.
  4. Attach Gold Conjurer EA V1.0 MT5 to an XAUUSD M5 chart.
  5. Enable “Allow Algo Trading” and “Allow DLL Imports” in the EA settings.
  6. Input your initial risk parameters (default: 2% risk per trade).
  7. Hit OK and watch the EA begin scanning for setup criteria.

Recommended Settings
• Risk Per Trade: 1–2% of equity
• Max Spread Filter: 10 points
• ATR Period: 14 (default)
• Trailing Stop: 50% of ATR
• Break-Even Activation: After +0.5% profit
• Max Open Trades: 2

These conservative defaults are optimized for most brokers. If you prefer higher frequency, you may lower the ATR period to 10, but be mindful of potential noise.

Risk Management
Gold Conjurer EA V1.0 MT5 emphasizes capital preservation. Unlike grid or martingale EAs, it never increases lots after losses. Instead, it automatically reduces lot size if a series of small losses occur, then gradually rebuilds position sizes as the system proves profitable again. A built-in equity filter pauses trading if drawdown exceeds 5%, requiring manual review to resume.

Why Choose Gold Conjurer EA
YoForex’s reputation in the algorithmic trading space is built on transparency and ongoing development. Gold Conjurer EA V1.0 MT5 is 100% free—no hidden fees, no trial periods, no email harvesting. You get access to regular updates, responsive support via WhatsApp (+44 3300 272265) and Telegram (t.me/yoforexrobot), and a growing community of fellow gold scalpers sharing tips and settings.

Conclusion & Call to Action
If you’re ready to stop overpaying for underperforming systems and start scalping gold with confidence, download Gold Conjurer EA V1.0 MT5 today. Whether you’re a seasoned MT5 user or just getting started, this expert advisor offers a turnkey solution—fully automated, low-risk, and backed by YoForex’s ongoing support. Grab your free copy now and transform your gold trading strategy from wishful thinking into consistent results.

Got questions or hiccups? Reach out on WhatsApp at https://wa.me/+443300272265 or join our Telegram group t.me/yoforexrobot. Our team usually replies within a few hours.