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King Of Gold Mt5 (MT5) — review, price and free alternatives
MT5 expert advisor$399 on MQL5by Ibrahim Aljaref
King Of Gold Mt5 is a MetaTrader 5 expert advisor by Ibrahim Aljaref, sold on the MQL5 Market for $399. 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.
King Of Gold Mt5 — key facts
- Platform
- MetaTrader 5 (MT5)
- Product type
- Expert advisor
- Instrument named in the listing
- XAU/USD (gold)
- Developer
- Ibrahim Aljaref
- Price
- $399
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded King Of Gold Mt5 on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
King of Gold – Precision Trading on Gold (H1) King of Gold is a professional Expert Advisor built exclusively for XAUUSD (Gold) on the 1-Hour timeframe.
Before you buy King Of Gold Mt5
What the developer claims
- It is designed for traders who want stable, rule-based trading with both BUY and SELL positions, smart lot management, and strict risk control no chaos, no gambling.
- This EA focuses on quality trades, not quantity, making it suitable for long-term, disciplined trading Core Specifications Symbol: XAUUSD (Gold) Timeframe: H1 (1 Hour) – Require.
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 King Of Gold Mt5
Compiled from its public MQL5 listing. FxRobotEasy has not traded King Of Gold Mt5; what these notes say about how it works comes from that listing.
Overview
The code by Ibrahim Aljaref implements both directional and counter-directional logic so King Of Gold Mt5 can capture pullbacks in trending regimes and range rotations when volatility contracts.
What makes King Of Gold Mt5 unique is the combination of conservative entry thresholds with dynamic lot sizing tied to account equity and a configurable maximum drawdown stop. The algorithm uses volatility-adjusted stops and adaptive take-profit scaling, which reduces the likelihood of large single-trade losses. Market conditions best suited for this EA are medium-term trends with intermittent retracements; it performs less effectively during prolonged, sudden trend reversals or extreme liquidity events.
Risk management is central to the system. King Of Gold Mt5 applies strict exposure limits, a maximum simultaneous trade count, and spread filters to avoid expensive fills.
Risk notes
King Of Gold Mt5 presents a moderate risk profile when configured conservatively and higher risk when parameters are pushed. The stop loss strategy is volatility-adjusted, using ATR or equivalent range filters to set dynamic stops rather than fixed pip values. Position sizing is managed by the smart lot management system which scales lots to a risk percentage per trade and respects a maximum equity exposure setting. Vulnerabilities include sharp, extended trend reversals and periods of extreme spread widening such as major macro events; those can increase slippage and temporary drawdowns. Recommended account size for realistic live usage is a minimum of $2,000, with $5,000 or more preferred for smoother compounding and allowed drawdown buffers.
Listed strengths
- Specialized design for XAUUSD H1 trading
- Smart lot sizing reduces equity drawdown risk
- Strict risk parameters minimize catastrophic losses
- Focus on quality trades reduces overtrading
- Compatibility with MT5 and low-spread brokers
Worth checking
- Not suitable for other symbols without re-optimization
- Moderate trade frequency may suit only patient traders
- Vulnerable during extreme liquidity events
- Upfront price may deter small account holders
Setup
Install King Of Gold Mt5 by copying the EA file into the Experts folder of your MT5 terminal and restarting the platform. Attach the EA to an XAUUSD H1 chart and enable automated trading. Key parameters to configure include risk-per-trade percentage, maximum drawdown limit, maximum simultaneous orders, and maximum spread filter. Recommended brokers are those offering low XAUUSD spreads and stable liquidity, preferably ECN-style accounts. Monitor spreads and slippage during high-impact news.
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
King Of Gold Mt5 or GoldStrike AI?
| King Of Gold Mt5 | GoldStrike AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($399) | Free installer; runs on a demo account first |
| Platform | MT5 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Ibrahim Aljaref | FxRobotEasy |
King Of Gold Mt5 — questions
What is King Of Gold Mt5?
King Of Gold Mt5 is a MetaTrader 5 Expert Advisor (trading robot) published on the MQL5 Market by Ibrahim Aljaref, priced at $399 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 King Of Gold Mt5 use?
What makes King Of Gold Mt5 unique is the combination of conservative entry thresholds with dynamic lot sizing tied to account equity and a configurable maximum drawdown stop. The algorithm uses volatility-adjusted stops and adaptive take-profit scaling, which reduces the likelihood of large single-trade losses. Market conditions best suited for this EA are medium-term trends with intermittent retracements; it performs less effectively during prolonged, sudden trend reversals or extreme liquidity events.
Does King Of Gold Mt5 work on MT4 or MT5?
King Of Gold 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 King Of Gold Mt5 cost?
King Of Gold Mt5 is a paid product listed at $399 USD on the MQL5 Market, the price recorded when its listing was last checked on 2025-12-14. It is sold and downloaded through the developer's (Ibrahim Aljaref) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for King Of Gold Mt5?
FxRobotEasy has not traded King Of Gold 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 King Of Gold Mt5 elsewhere comes from its developer or from a third party.
How is King Of Gold Mt5 installed and set up?
Install King Of Gold Mt5 by copying the EA file into the Experts folder of your MT5 terminal and restarting the platform. Attach the EA to an XAUUSD H1 chart and enable automated trading. Key parameters to configure include risk-per-trade percentage, maximum drawdown limit, maximum simultaneous orders, and maximum spread filter. Recommended brokers are those offering low XAUUSD spreads and stable liquidity, preferably ECN-style accounts. Use the H1 timeframe only, and perform a multi-year backtest followed by at least three months on a demo or small live account for forward testing. Monitor spreads and slippage during high-impact news.
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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.