Black Gold M5: Automated MT5 Trading with Verified Performance Data

This Black Gold M5 Review 2025 performance analysis evaluates the expert advisor's live and backtested behavior on MT5. The review examines verified equity curves, drawdown episodes, and per-trade statistics to provide an objective assessment of the algorithm. Black Gold M5 is unique because it is built specifically for XAUUSD and combines volatility-adjusted entries with session-based trade gating. The developer, Dmitriq Evgenoeviz Ko, published the advisor on the MQL5 marketplace and documents parameter lists and historical test files. The algorithm scans the M5 timeframe for momentum confirmation and applies adaptive stop logic that widens during high volatility and tightens in range-bound conditions. In practice, Black Gold M5 executes multiple small to medium sized positions rather than single large bets, which can improve distribution of risk across trades. Market conditions that suit the advisor include trending gold moves during London and New York overlap and choppy markets after major economic releases when the volatility filter is active. The risk management approach is rule-based: maximum daily loss, configurable per-trade risk percentage, and a global equity stop. Expected performance characteristics include moderate win rates with positive risk-reward on average trades, periodic drawdowns tied to sudden liquidity events, and a trade frequency concentrated in active sessions. Traders should review the attached MT5 backtests, run walk-forward tests, and monitor live execution differences relative to backtests.