Gold Conjurer EA V1.0 MT5: Unleash Precision Gold Trading



Fed up with pricey EAs that overpromise and underdeliver? Meet Gold Conjurer EA V1.0 MT5, a free gold-trading EA hosted on ForexFactory.cc and powered by YoForex. We’ve put it through rigorous backtests and live trials so you don’t have to. In this post, you’ll get the lowdown on how it works, its standout features, real-world performance, and a step-by-step guide to get you up and running in minutes. Ready to conjure consistent gains from XAUUSD? Let’s dive in.



Overview


Gold Conjurer EA V1.0 MT5 is designed exclusively for the MetaTrader 5 platform, targeting one of the most liquid and volatile markets—gold. It uses a hybrid strategy combining trend-following filters with mean-reversion triggers, striking at statistically significant turning points. Unlike many systems that chase every wiggle, Gold Conjurer EA V1.0 MT5 filters noise and focuses on high-probability setups, aiming for a 1–2% daily return with controlled drawdown.


Behind the scenes, YoForex’s quant team ran a 5-year backtest (2018–2023) on tick data across multiple brokers to ensure robustness across spread conditions. Then they deployed it on a live account with raw-spread execution to verify performance in real-time. The result? A smooth equity curve, low correlation with traditional EAs, and a risk profile that’s ideal for both conservative and moderate traders. Whether you’re new to automated gold trading or a seasoned EA veteran, you’ll appreciate its plug-and-play simplicity and transparent rules.



Key Features


• 1–2% daily target on XAUUSD
• Max drawdown capped at 5%
• No grid, no martingale—pure statistical edge
• Compatible with all MT5 brokers and account types
• Dynamic lot sizing based on account balance
• Built-in slippage and spread filters
• Customizable trading hours and sessions
• Automatic break-even and trailing stop functionality
• Detailed trade logging and performance reports
• Free lifetime updates powered by YoForex



 



 


Backtest Proof & Live Performance


YoForex backtested Gold Conjurer EA V1.0 MT5 on a 100 k USD demo account using 99% quality tick data from January 1, 2018 through December 31, 2023. Over 1,200 trades, it delivered an annualized return of 45%, an average winning trade of 1.8%, and a maximum drawdown of 4.8%. The equity curve showed steady, upward performance with minimal stagnation, even during periods of extreme volatility in 2020…


After validating the backtest, YoForex’s team ran the EA on a live raw-spread account with IC Markets from January 1, 2024 to June 30, 2025. Over 350 trades, the live results echoed the backtest: a 42% annualized return, 1.7% average profit per trade, and a max drawdown of 5.1%. Execution slippage averaged just 0.3 pips thanks to tight spreads and smart order management. These stats prove Gold Conjurer EA V1.0 MT5 isn’t just curve-fitting—it thrives under real market conditions.



Installation & Setup



  1. Download the EA for free from ForexFactory.cc (search “Gold Conjurer EA V1.0 MT5” or click the download button on the product page).

  2. Copy the GoldConjurer.ex5 file into your MT5 Experts folder (File → Open Data Folder → MQL5 → Experts).

  3. Restart MT5.

  4. Attach Gold Conjurer EA V1.0 MT5 to an XAUUSD chart on your preferred timeframe (H1 recommended).

  5. Import the recommended settings:


    • Risk per trade: 1%




    • Max spread filter: 20 pips




    • Trade sessions: 24/5 or custom as you prefer





  6. Enable Algo-Trading and click “OK.”


In under two minutes, you’ll see the EA’s magic at work. For a quick visual, check your Navigator panel—Gold Conjurer EA V1.0 MT5 appears alongside your other experts, ready to go.



Customization Options


While Gold Conjurer EA V1.0 MT5 works out of the box, you can tailor it to your style:



  • Session Filters: Trade only London/New York overlap or Asian session if you prefer calmer conditions.

  • Lot Sizing: Switch between fixed lots or balance-based percent risk.

  • Trade Frequency: Limit to a maximum of 3 trades per day to avoid overtrading.

  • News Filter: Automatically pause trading around high-impact economic releases.

  • Alert Settings: Receive push notifications on your mobile for each entry/exit.


These options let you tweak aggressiveness and adapt to evolving market regimes without touching the core strategy.



Risk Management & Money Management Tips


Even the best EA needs smart money management. Here are some tips when running Gold Conjurer EA V1.0 MT5:



  • Start Small: Demo-test with a virtual balance or trade micro-lots on a small live account first.

  • Diversify: Don’t allocate more than 20% of your trading capital to any single EA.

  • Use a VPS: Reduces latency and ensures uninterrupted operation, crucial for fast order execution in gold markets.

  • Monitor Monthly: Check your month-end statements and compare equity curves against historical data.

  • Scale Gradually: If you see consistent profits over three months, gradually increase lot size by 10–20%.


By pairing Gold Conjurer EA V1.0 MT5’s robust rules with disciplined risk controls, you’ll tame gold’s volatility and build equity steadily.



Why Choose YoForex-Powered Tools?


YoForex has a proven track record of delivering top-tier, free EAs on ForexFactory.cc. When you choose Gold Conjurer EA V1.0 MT5, you get:



  • Free Lifetime Updates: Continuous enhancements based on the latest market insights.

  • Transparent Performance Reports: Monthly stats shared directly on ForexFactory.cc for full accountability.

  • Dedicated Community: Access to a private Telegram group where you can discuss settings and share tips.

  • Expert Support: YoForex’s developers actively monitor your feedback and push optimized builds.


If you value transparency, ongoing optimization, and zero cost, YoForex-powered EAs are the way to go.



Support & Disclaimer


Got questions or hiccups? Reach out on WhatsApp at https://wa.me/+443300272265 or join our Telegram group t.me/yoforexrobot. Our team usually replies within a few hours.


Disclaimer: Past performance doesn’t guarantee future results. Market conditions change, and all trading involves risk. Always demo-test Gold Conjurer EA V1.0 MT5 under your broker’s conditions before using it live. Trade responsibly.



Call to Action


Ready to conjure your gold profits? Download Gold Conjurer EA V1.0 MT5 for free on ForexFactory.cc now—no strings attached. Plug it into MT5, apply the default settings, and watch it find high-probability gold setups day after day. Unlimited support, free updates, and a community of traders await.