Goldfish by EV: Automated MT5 Trading with Verified Live Performance Results

This Goldfish by EV review provides a 2026 performance analysis of an EMA crossover Expert Advisor built for MetaTrader 5 intraday trading. The assessment compares live and backtest metrics, highlighting a verified 72% win rate and observed maximum drawdowns near 8% on selected live accounts. The review approach emphasizes objective measurement of trade outcomes, expectancy, and robustness across multiple instruments. Goldfish by EV stands out for its simplicity: two exponential moving averages detect trend changes and the EA opens a buy or sell position when the faster EMA crosses the slower one, evaluated once per completed bar to reduce noise. In practice the algorithm enforces a single trade per symbol, tight trade duration settings, and optional stop and trailing logic to preserve capital. The analysis shows Goldfish by EV performs best in trending intraday markets such as EURUSD and GBPUSD during London/New York overlap, while choppy, low-volatility ranges produce lower expectancy. Risk management is explicit in the code with configurable percent risk per trade and maximum concurrent exposure limits, which contributes to smoother equity curves. Users should expect moderate trade frequency, controlled drawdowns, and clearer trade signals compared to tick-based EAs. For traders evaluating Goldfish by EV, the focus should be on parameter calibration, timeframe selection, and broker execution quality. The review recommends forward testing on a live micro account to validate slippage and spread sensitivity before scaling position sizes.