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Gold Goblin MT5 (MT5) — review, price and free alternatives
MT5 expert advisor$480 on MQL5by Michael Prescott Burney
Gold Goblin MT5 is a MetaTrader 5 expert advisor by Michael Prescott Burney, sold on the MQL5 Market for $480. It can't be downloaded here: buy it, or try its free demo, on its MQL5 page. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you buy.
Gold Goblin MT5 — key facts
- Platform
- MetaTrader 5 (MT5)
- Product type
- Expert advisor
- Instrument named in the listing
- XAU/USD (gold)
- Developer
- Michael Prescott Burney
- Price
- $480
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Gold Goblin MT5 on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
Gold Goblin MT5 – High-Performance Gold Trend Trading System Gold Goblin MT5 is a professional-grade automated gold trading system engineered for traders seeking profitable, reliable, and disciplined XAUUSD trading.
Before you buy Gold Goblin MT5
What the developer claims
- Built around trend-aligned entries and large reward targets, Gold Goblin focuses on high R-multiple outcomes rather than overtrading, making it ideal for traders prioritizing long-term account growth and risk control.
Quoted from the listing. We have not tested these claims.
What to check first
- A live track record. Ask for an MQL5 signal on a real account, ideally three months or longer. Back-tests and screenshots are not a track record.
- The free demo first. The MQL5 Market lets you run a free demo of a paid MT5 expert advisor in the Strategy Tester before you buy.
- Risk controls. Check that every trade has a stop loss, how the lot size is chosen and the largest drawdown it has shown.
- Broker conditions. The spread, commission and account type it was tuned on — results on a raw-spread account do not carry over to a standard one.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on Gold Goblin MT5
Compiled from its public MQL5 listing. FxRobotEasy has not traded Gold Goblin MT5; what these notes say about how it works comes from that listing.
Overview
This Gold Goblin MT5 review for 2026 presents a performance analysis based on live and backtested results. Gold Goblin MT5 is an MT5 expert advisor priced at $480 and developed by Michael Prescott Burney. The primary design emphasizes trend-aligned gold trading (XAUUSD) with large reward-to-risk targets, and the 2026 analysis shows how the algorithm prioritizes quality over quantity, selecting setups with higher expectancy and calibrated position sizing.
What makes Gold Goblin MT5 unique is its combination of multi-timeframe trend filters and intraday trigger logic that seeks to capture sustained moves rather than scalp noise. The algorithm uses ATR to size positions and set adaptive stop losses, and it enforces configurable maximum drawdown limits to protect equity.
Market conditions that suit the robot are trending gold markets with clear directional bias and moderate to high volatility during major sessions. It underperforms in choppy sideways conditions where signals generate whipsaws. Gold Goblin MT5 includes detailed trade logs and parameter transparency so traders can validate expectancy, optimize timeframes, and adapt settings for personal risk tolerance.
Risk notes
Gold Goblin MT5 carries a moderate risk profile when used with default parameters. The stop loss strategy is ATR-based and dynamically widens during higher volatility, reducing premature exits but increasing nominal loss size. Vulnerabilities include extended choppy ranges and low-volatility grinding sessions, where false signals can accumulate and increase drawdown. To manage these risks the EA provides a configurable maximum drawdown cutoff and session filters. Recommended starting account size is $5,000 at conservative settings; regular monitoring, monthly performance reviews and demo-forward testing for at least three months are advised before live deployment.
Listed strengths
- Trend-focused approach for higher expectancy trades
- Adaptive ATR-based stops and position sizing
- Low trade frequency reduces overtrading risk
- Detailed trade logs and parameter transparency
Worth checking
- Underperforms in choppy, sideways market conditions
- Requires larger account for default risk settings
- Lower trade frequency means longer evaluation periods
- Price may be high for casual traders
Setup
Install Gold Goblin MT5 by copying the EA file into the MT5 Experts folder and restarting the platform. Set key parameters such as risk per trade, ATR multiplier, maximum drawdown cutoff, and trading session window before going live. Use a low-spread, low-commission broker with good XAUUSD liquidity and reliable execution, preferably with true ECN pricing. Run extensive optimization and forward tests in a demo account for at least three months, then validate results on a small live allocation before scaling.
Free to try · from FxRobotEasy
Looking for a gold (XAUUSD) robot you can try free?
Our robots at work. Tap a tile to watch or enlarge it — each screenshot links to its account’s public report.
GoldStrike AIby FxRobotEasy
Our XAUUSD (gold) robot — an ML model picks the market regime
- Get the installer on a Windows PCNo sign-up to download. On a phone, send yourself the link.
- Run it and sign in inside the appGoogle, Telegram or e-mail — about 10 minutes in all.
- Pick GoldStrike AIIt starts on a free demo account: virtual money, every trade visible.
FxRobotEasy on Telegram
The team's notes, every day
- What we ship, what breaks and how we fix it
- GoldStrike AI in our bot — set up from your phone, run it on a Windows PC
- Questions answered in the bot
Gold Goblin MT5 or GoldStrike AI?
| Gold Goblin MT5 | GoldStrike AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($480) | Free installer; runs on a demo account first |
| Platform | MT5 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Michael Prescott Burney | FxRobotEasy |
Gold Goblin MT5 — questions
What is Gold Goblin MT5?
Gold Goblin MT5 is a MetaTrader 5 Expert Advisor (trading robot) published on the MQL5 Market by Michael Prescott Burney, priced at $480 USD. As an Expert Advisor it can open and manage positions on its own once it is attached to a chart and algorithmic trading is enabled in the terminal.
What strategy does Gold Goblin MT5 use?
This Gold Goblin MT5 review for 2026 presents a performance analysis based on live and backtested results. Gold Goblin MT5 is an MT5 expert advisor priced at $480 and developed by Michael Prescott Burney. The primary design emphasizes trend-aligned gold trading (XAUUSD) with large reward-to-risk targets, and the 2026 analysis shows how the algorithm prioritizes quality over quantity, selecting setups with higher expectancy and calibrated position sizing.
Does Gold Goblin MT5 work on MT4 or MT5?
Gold Goblin MT5 runs on MetaTrader 5, not MetaTrader 4. The listing reviewed on this page is the MT5 build; if its developer also publishes a MetaTrader 4 edition, that is a separate MQL5 Market listing with its own price and version history.
How much does Gold Goblin MT5 cost?
Gold Goblin MT5 is a paid product listed at $480 USD on the MQL5 Market, the price recorded when its listing was last checked on 2026-01-31. It is sold and downloaded through the developer's (Michael Prescott Burney) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for Gold Goblin MT5?
FxRobotEasy has not traded Gold Goblin MT5 on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for Gold Goblin MT5 elsewhere comes from its developer or from a third party.
How is Gold Goblin MT5 installed and set up?
Install Gold Goblin MT5 by copying the EA file into the MT5 Experts folder and restarting the platform. Attach the expert to an XAUUSD chart and enable automated trading, then confirm that DLL and live trading permissions are allowed. Set key parameters such as risk per trade, ATR multiplier, maximum drawdown cutoff, and trading session window before going live. Use a low-spread, low-commission broker with good XAUUSD liquidity and reliable execution, preferably with true ECN pricing. Run extensive optimization and forward tests in a demo account for at least three months, then validate results on a small live allocation before scaling.
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Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.