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Sharp Edge (MT5) — review, price and free alternatives
MT5 expert advisor$40 on MQL5by Md Wakiluzzaman Raz
Sharp Edge is a MetaTrader 5 expert advisor by Md Wakiluzzaman Raz, sold on the MQL5 Market for $40. 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.
Sharp Edge — key facts
- Platform
- MetaTrader 5 (MT5)
- Product type
- Expert advisor
- Instrument named in the listing
- XAU/USD (gold)
- Developer
- Md Wakiluzzaman Raz
- Price
- $40
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Sharp Edge on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
Sharp Edge EA – Pure Price Action for Gold This isn't just another indicator-based bot.
Before you buy Sharp Edge
What the developer claims
- It does not use dangerous Grid systems or blind Martingale entries to force a profit.
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.
- How it handles losing trades. The listing mentions martingale trading. Find out how far it adds to losing positions and what the worst drawdown was.
- 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 Sharp Edge
Compiled from its public MQL5 listing. FxRobotEasy has not traded Sharp Edge; what these notes say about how it works comes from that listing.
Overview
The Sharp Edge approach is unique because it discards indicator stacking and instead measures pure market structure, momentum shifts, and volatility thresholds to identify entries. Developer Md Wakiluzzaman Raz designed the EA for MT5 execution, focusing on reliability, low latency, and predictable order handling.
The algorithm works by scanning higher timeframes for swing structure, confirming trend context on a mid-timeframe, and executing precision entries on the active chart where volatility meets predefined thresholds. Sharp Edge places a single trade per signal, enforces a fixed stop loss, and uses a modest trailing mechanism to protect profits. This makes it suitable for trending and range-bound gold conditions but particularly effective when directional moves follow volatility spikes. Risk management is explicit: users set percentage risk per trade and the EA adjusts lot sizing accordingly.
Risk notes
Risk for Sharp Edge is best described as moderate. The EA avoids aggressive recovery techniques and relies on fixed stop losses and adjustable position sizing to limit downside. Stop loss strategy uses volatility-adjusted levels so that stops are not arbitrary but reflect recent price structure, and the position sizing approach scales lots to account equity and user-defined risk percentage per trade. Vulnerabilities include sudden news-driven spikes and very low-liquidity sessions which can widen spreads on XAUUSD and increase slippage.
Listed strengths
- Pure price action approach with transparent rules
- Avoids grid and martingale techniques for safety
- Optimized for MT5 execution and low-latency brokers
- Configurable risk management and position sizing
- Affordable price with verifiable user feedback
Worth checking
- Performance depends on XAUUSD liquidity and spreads
- Moderate drawdowns possible during sudden macro moves
- Requires parameter tuning for different account sizes
- Not designed for non-gold instruments without retuning
Setup
Install the Sharp Edge expert advisor by copying the EA file and any indicator dependencies into the MT5 Experts and Indicators folders, then restart MetaTrader 5 to compile. Open an XAUUSD chart, attach Sharp Edge to the chart, and enable automated trading in MT5. Key parameters to configure include risk percentage per trade, maximum simultaneous trades, maximum spread threshold, and trailing stop settings. Use an ECN or low-spread broker that supports MT5 and gold trading. Optimal chart timeframes are H1 or H4 for signal stability. Begin with backtests and a forward demo for at least 200 trades before scaling to a funded account.
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
Sharp Edge or GoldStrike AI?
| Sharp Edge | GoldStrike AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($40) | Free installer; runs on a demo account first |
| Platform | MT5 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Md Wakiluzzaman Raz | FxRobotEasy |
Sharp Edge — questions
What is Sharp Edge?
Sharp Edge is a MetaTrader 5 Expert Advisor (trading robot) published on the MQL5 Market by Md Wakiluzzaman Raz, priced at $40 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.
Does Sharp Edge work on MT4 or MT5?
Sharp Edge 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 Sharp Edge cost?
Sharp Edge is a paid product listed at $40 USD on the MQL5 Market, the price recorded when its listing was last checked on 2026-02-04. It is sold and downloaded through the developer's (Md Wakiluzzaman Raz) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for Sharp Edge?
FxRobotEasy has not traded Sharp Edge 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 Sharp Edge elsewhere comes from its developer or from a third party.
How is Sharp Edge installed and set up?
Install the Sharp Edge expert advisor by copying the EA file and any indicator dependencies into the MT5 Experts and Indicators folders, then restart MetaTrader 5 to compile. Open an XAUUSD chart, attach Sharp Edge to the chart, and enable automated trading in MT5. Key parameters to configure include risk percentage per trade, maximum simultaneous trades, maximum spread threshold, and trailing stop settings. Use an ECN or low-spread broker that supports MT5 and gold trading. Optimal chart timeframes are H1 or H4 for signal stability. Begin with backtests and a forward demo for at least 200 trades before scaling to a funded account.
What are the pros and cons of Sharp Edge?
Strengths of Sharp Edge: Pure price action approach with transparent rules; Avoids grid and martingale techniques for safety; Optimized for MT5 execution and low-latency brokers; Configurable risk management and position sizing; Affordable price with verifiable user feedback. Limitations: Performance depends on XAUUSD liquidity and spreads; Moderate drawdowns possible during sudden macro moves; Requires parameter tuning for different account sizes; Not designed for non-gold instruments without retuning.
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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.