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Name: Gold Donkey MT5
Version: Latest Version
Developer by: Daniela Elsner
The Right Platform: Meta Trader 5 (MT5)
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Gold Donkey MT5 – Intelligent Gold Trading with 3 Integrated Strategies
With over 20 years of trading experience, I consider Gold Donkey MT5 a fully automated and versatile Expert Advisor (EA), specifically optimized for XAUUSD (Gold). More than just an automated trading system based on indicator-driven price action, Gold Donkey MT5 also functions as a powerful order management and recovery tool for losing positions, whether opened manually or by other expert advisors.
This EA comes with three built-in strategies, tailored for different trading styles:
Night Strategy: focuses only on buy orders during the low-volatility hours between the end of the US session and the end of the Asian session, minimizing risks.
Main Strategy: trades both buy and sell orders within predefined trading hours, maximizing opportunities.
Combined Strategy: merges both strategies above, delivering maximum flexibility.
Official Website: See here
Flexible Money Management: limit capital exposure by Balance, Equity, or Margin, with percentage-based risk control.
Smart Risk Management: customizable minimum/maximum lot size, fixed volume or volume by dollar amount, with the option to accelerate trading frequency.
Advanced Order Management: multiple Recovery Scaling modes (Fixed, Arithmetic, Geometric, Geometric by Math Power) to adapt to short-term market volatility.
Profit & Drawdown Control: includes virtual profit trailing, drawdown reduction, and compensation through recovery orders.
Integrated News Filter: avoids high-impact news events to reduce risks from sudden market spikes.
User-Friendly On-Screen Panel: provides real-time system data, manual trade buttons, and immediate adjustments for flexible control.
Multi-strategy flexibility – from conservative (Night) to active (Main or Combined).
Account protection – recovery algorithms reduce risks when trades go against the market.
Precise risk control – every trade is adjusted according to account balance, drawdown, and position size.
Time-saving automation – trades automatically while allowing manual intervention when needed.
Safer during news releases – integrated news filter helps avoid unpredictable volatility.
The Gold Donkey MT5 (Night Mode) demonstrates stable and consistent long-term growth, showcasing a strong balance between profitability and disciplined drawdown control. Over a nearly 2-year backtest, the EA delivered steady equity curve progression with limited risk exposure, making it suitable for conservative gold traders seeking reliability.
Key Backtest Metrics
Initial Deposit: $1,000
Total Net Profit: $2,224.24
Maximum Drawdown: 5.14%
Profit Factor: 3.24
Win Rate: 88.71% (2,248 winning trades out of 2,534)
The Gold Donkey EA (Main + Night Mode) demonstrates consistent long-term growth with a balanced mix of higher trading activity and controlled drawdown management. Over a 2-year backtest, the EA maintained a steadily rising equity curve, showing adaptability across different sessions while managing risk effectively. This makes it suitable for traders who prefer a more active strategy on gold with diversified trade entries.
Key Backtest Metrics
Initial Deposit: $1,000
Total Net Profit: $4,637.20
Maximum Drawdown: 15.33%
Profit Factor: 2.19
Win Rate: 85.84% (5,043 winning trades out of 5,875)
Name | Fit |
---|---|
Trading platform | Meta Trader 5 (MT5) |
Time frames | Any |
Currency pairs | XAUUSD, GOLD (2 and 3 digits). Any other instrument possible by adjusting indicators settings. |
Min / Recommended deposit | $3000 for >= 1:100 leverage accounts, $9000 for 1:30 leverage. Accounts. |
VPS | Optional, for uninterrupted advisor operation. |
🤗WISH YOU SUCCESSFUL TRADING🤗