Gold Grid Algorithm: Automated MT5 gold trading with verified performance results

This Gold Grid Algorithm review for 2026 presents a focused performance analysis of an MT5 Expert Advisor built for Gold (XAUUSD) and adaptable to FX. The review considers live account samples, backtest snapshots and developer notes to evaluate entry logic, trade management and risk controls. In this review the most relevant metrics evaluated include win rate ranges, average trade duration, drawdown peaks and basket exit efficiency as part of an evidence-based analysis of expected behavior under different market regimes. What makes Gold Grid Algorithm unique is its alternating candle pattern recognition combined with a disciplined grid recovery. The EA monitors the last six completed candles to identify statistically significant reversal zones and then opens a primary position with pre-defined momentum filters. If the market moves against the initial entry, the EA progressively layers grid positions at calibrated intervals while maintaining a global basket exit condition to limit catastrophic loss. Yeoh Kia Gee designed filters to reduce overtrading and to align the algorithm with gold-specific volatility characteristics. Gold Grid Algorithm works best in range-bound to moderately trending gold conditions where mean reversion and defined support/resistance areas are present. It is less effective in prolonged, high-velocity directional trends without corrective pullbacks unless grid spacing and basket limits are adjusted. Risk management is implemented through configurable maximum basket drawdown, per-position lot multipliers and a hard global stop, and expected performance characteristics are moderate-to-aggressive return potential with commensurate drawdown exposure depending on settings and account size.