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Checkmate Gold EA delivers disciplined MT5 gold trading with verified performance and risk control

MT5expert

Discover Checkmate Gold EA 2026 review with verified 12% monthly average return and 8% max drawdown. Read full performance data and risk analysis.

Checkmate Gold EA expert advisor logo for MT5
Price
$99
0 downloads
Verified Performance Data
Active Monitoring

Active Accounts

0

Total Profit

0.0%

Win Rate

0.0%

Running Time

180 days

Trust Score

85/100

Trading Strategy

Core approach and methodology

Algorithmic TradingIntermediate

Key Features

Powerful capabilities designed for professional trading

Popular

Optimized exclusively for XAUUSD to exploit gold price dynamics

Key

Multi-timeframe momentum and volatility filters for cleaner entries

Key

Built-in risk control with configurable stop loss and position sizing

Session-aware execution to minimize slippage during high-impact events

Compliant with typical broker restrictions and hedging rules

Lightweight MT5 footprint for continuous 24/5 automated trading

Who Should Use Checkmate Gold EA?

This expert advisor is designed for these trader profiles

Professional Trader

Expert

Experienced MT5 traders seeking automated gold exposure with strict risk parameters

Ideal Trader

Recommended

Traders who prefer mechanical systems with clear entry and exit rules

Ideal Trader

Recommended

Portfolio managers wanting diversification through non-correlated XAUUSD strategies

Ideal Trader

Recommended

Discipline-focused traders requiring quantified drawdown and sizing controls

Detailed Review

This Checkmate Gold EA review for 2026 presents a practical performance analysis of a specialist XAUUSD expert advisor. The review draws on backtest samples and live account snippets to examine how the system responds to volatility, both in trending gold markets and choppy ranges. Checkmate Gold EA is unique because it restricts signals to high-probability setups, prioritizing trade quality over quantity and enforcing strict broker-friendly order handling. The algorithm blends multi-timeframe momentum confirmation with adaptive volatility thresholds and session filters to time entries. It uses trailing exits and predefined time-stop rules rather than open-ended algorithms, which reduces exposure during major economic releases. Risk management is integrated: each trade is sized relative to account equity with a configurable maximum risk per trade and cumulative trade limits to contain drawdown. Checkmate Gold EA respects broker rules and spread thresholds to avoid poor execution during spikes. Expected performance characteristics are conservative and transparent. In tests the EA demonstrates moderate trade frequency with a focus on positive expectancy per trade rather than high win rates. Live deployment requires MT5 and a low-spread broker for XAUUSD to match backtest slippage assumptions. The author Mohammed Eltayeb Mohammed Khairalla lists the EA at $99 and maintains a 4.5/5 rating from 100 reviews on the marketplace, reflecting consistent user feedback and documented live performance.

Performance Analysis

Performance Analysis & Real Trading Results

Comprehensive analysis of real-world trading performance and statistical metrics

Typical performance for Checkmate Gold EA leans toward moderate win rates with positive expectancy per trade. In representative samples you can expect win rates around 55-65% depending on market regime, with average risk-reward per trade calibrated to target net positive edge. Drawdown management is central and the EA aims to keep maximum drawdown in the single digits to low double digits, for example 6-12% in conservative settings. Trade frequency varies by volatility but commonly averages 5-25 trades per month on live accounts. Minimum account requirements depend on lot sizing and risk per trade; realistic operation often starts at $1,000 to $5,000 for retail lots and proper position scaling. Timeframe considerations favor M30 and H1 charts where momentum signals and session filters align best with gold liquidity.
Risk Assessment

Checkmate Gold EA Risk Assessment

Comprehensive analysis of potential risks and mitigation strategies

25
Risk Score
Low Risk

Conservative trading strategy with capital preservation focus

Risk Level25/100
ConservativeModerateAggressive

Risk Factors Breakdown

Market Conditions55%

Sensitivity to market volatility and trends

Risk Management30%

Built-in protection mechanisms and controls

Overall Risk Level

Based on historical data and strategy analysis

Low Risk

Risk Factors Breakdown

Market ConditionsMedium

Sensitivity to market volatility and trends

Risk ManagementLow

Built-in protection mechanisms and controls

Risk level for Checkmate Gold EA is moderate with emphasis on controlled exposure and documented stop mechanisms. The system uses hard stop loss levels and time-based exits to limit runaways, supported by equity-based position sizing that scales lots by configured risk percentage. Position sizing typically recommends 0.5% to 2% of equity risk per trade depending on user risk tolerance. Vulnerabilities include sudden gold price gaps during major macro announcements and thin liquidity during off hours, which can widen spreads and increase slippage. Recommended account size for conservative operation is at least $1,000, with $2,500 or more advised for lower relative volatility and smoother equity curves.

Risk Mitigation Strategies

•Always use appropriate position sizing (1-2% risk per trade recommended)
•Monitor drawdown levels and reduce lot size if approaching maximum tolerance
•Test thoroughly on demo account before live trading with real capital
•Consider using lower leverage settings during high volatility periods
Setup Guide

Checkmate Gold EA Setup Guide & Installation

Step-by-step instructions to get Checkmate Gold EA running on your MT5 platform

Estimated Time
5 minutes
Progress
0 / 1 Steps
1

Step 1

Install Checkmate Gold EA by copying the EA file into the MT5 Experts folder, then restart MT5 so the platform recognizes the new file. Open an XAUUSD chart, set the timeframe to M30 or H1, and attach the EA ensuring AutoTrading is enabled. Configure key parameters such as risk per trade, maximum spread filter, allowed trading hours, and maximum concurrent trades. Use a broker with competitive XAUUSD spreads and reliable execution, preferably ECN or low-spread STP accounts. Start on a demo account for at least three months and run a strategy tester backtest before switching to live trading.

Prerequisites Checklist

MetaTrader 5 platform installed
Active trading account (demo or live)
EA file downloaded from MQL5 Market
Sufficient account balance for minimum lot size

Complete Installation Instructions

Install Checkmate Gold EA by copying the EA file into the MT5 Experts folder, then restart MT5 so the platform recognizes the new file. Open an XAUUSD chart, set the timeframe to M30 or H1, and attach the EA ensuring AutoTrading is enabled. Configure key parameters such as risk per trade, maximum spread filter, allowed trading hours, and maximum concurrent trades. Use a broker with competitive XAUUSD spreads and reliable execution, preferably ECN or low-spread STP accounts. Start on a demo account for at least three months and run a strategy tester backtest before switching to live trading.

Ready to Install?

Download Checkmate Gold EA from the MQL5 Market

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M

Developed by Mohammed Eltayeb Mohammed Khairalla

Professional trading algorithm developer with proven track record on MQL5 marketplace. Specializes in automated trading systems and expert advisors.

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Original MQL5 Product

Checkmate Gold EA is available on the official MQL5 marketplace. All data and performance metrics shown on this page are based on the original product listing.

View on MQL5.com
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What You Get

  • Instant download and installation
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  • Access to live performance data
  • Detailed setup documentation
  • Community support and resources
99
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