Gold Prophet: Automated MT5 Gold Trading with Verified Long-Term Performance Results

This detailed review from 2026 provides an evidence-based performance analysis of Gold Prophet, focusing on how the system behaves over extended periods and during stress events. Gold Prophet was developed by Raphael Schwietering for the MT5 platform and its documented 18-year backtests form the backbone of this review and analysis. The initial assessment evaluates equity curve stability, drawdown patterns, and trading results alignment between backtested and live samples. What makes Gold Prophet unique is its narrow focus on XAUUSD and the H1 timeframe combined with explicit risk rules. The algorithm blends trend identification with adaptive volatility filters to time entries and scale position size, while every trade executes with a predefined stop loss and take profit. This approach reduces discretionary variation and makes outcomes easier to model. The EA includes logging and parameter transparency so users can verify assumptions on an MT5 demo account before committing capital. Gold Prophet handles trending and choppy gold markets by adjusting sensitivity to volatility and avoiding oversized positions during low liquidity or news spikes. Risk management is built into the core logic, favoring controlled position sizing and consistent exit criteria. Expected performance characteristics include moderate trade frequency, gradual equity growth in favorable cycles, and drawdowns consistent with the chosen risk profile. Traders should evaluate trading results against their account size, leverage, and tolerance for overnight swing risk. Raphael Schwietering maintains the EA on the MQL5 ecosystem and provides configuration guidance for MT5 brokers. The overall tone of this review emphasizes transparency, documented testing, and measurable trading results rather than promotional claims.