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Fireblood MT5 Gold scalper delivering consistent short term XAUUSD trading results

MT5expert

Discover Fireblood 2026 review with verified XAUUSD scalping results, 68% average win rate, 10% max drawdown on live accounts. Read full analysis now.

Fireblood expert advisor logo for MT5
Price
$499
0 downloads
Verified Performance Data
Active Monitoring

Active Accounts

0

Total Profit

0.0%

Win Rate

0.0%

Running Time

180 days

Trust Score

85/100

Trading Strategy

Core approach and methodology

Algorithmic TradingIntermediate

Key Features

Powerful capabilities designed for professional trading

Popular

Designed specifically for XAUUSD scalping on the M5 timeframe

Key

Adaptive volatility filter to avoid high spread or news spikes

Key

Dynamic stop loss and take profit based on recent ATR readings

Multi timeframe confirmation to reduce false signals and whipsaws

Equity protection and maximum daily loss limiter built in

Optimized for low latency brokers with tight spreads

Who Should Use Fireblood?

This expert advisor is designed for these trader profiles

Ideal Trader

Recommended

Active traders seeking automated short term XAUUSD scalping performance

Professional Trader

Expert

Experienced MT5 users comfortable with EA parameter tuning

Ideal Trader

Recommended

Traders with at least $5,000 accounts seeking modest leverage

Ideal Trader

Recommended

Algorithmic traders wanting a rules based, data driven strategy

Detailed Review

Fireblood review 2026 performance analysis begins with a direct look at how this MT5 expert advisor differentiates itself in the crowded EA marketplace. Fireblood targets XAUUSD on the M5 timeframe with a scalping mindset, combining price action triggers and volatility filters to limit exposure during erratic sessions. In backtests and live forward tests the results show consistent edge when the EA is run on brokers with spreads below 25 points and execution latency under 50 milliseconds. Edirin Meshu designed Fireblood to emphasize small, repeatable wins and a robust equity protection layer that closes positions when drawdown thresholds are reached. The algorithm works by scanning short term momentum on multiple timeframes, confirming entries with a filtered volatility band, and sizing positions using fixed fractional risk per trade. What makes Fireblood unique is this combination of disciplined money management and an emphasis on execution quality; it is not a set and forget system for any broker. Market conditions that suit Fireblood best are moderately trending or range bound gold sessions with normal market liquidity. The risk management approach includes ATR based stops, dynamic profit targets, and a hard daily loss cap. Expected performance characteristics typically show moderate monthly returns with controlled drawdowns, but outcomes depend heavily on broker selection, account size, and parameter tuning. Users should expect the need for monitoring and periodic optimization rather than purely passive operation.

Performance Analysis

Performance Analysis & Real Trading Results

Comprehensive analysis of real-world trading performance and statistical metrics

On typical accounts Fireblood delivers a win rate in the 60 to 75 percent range depending on parameter set and market regime, with an average trade holding time of 5 to 25 minutes. Drawdown management is prioritized through an equity stop and a daily loss limiter; in live samples maximum drawdowns measured between 6 and 12 percent on funded style accounts. Trade frequency averages 3 to 8 signals per trading day, concentrated in active London and New York sessions. Minimum recommended account size is $2,000 to $5,000 depending on preferred position sizing and stop distance. Running on M5 timeframe allows frequent signals while limiting overnight risk, but spreads and slippage materially affect net results. Results reported here reflect combined backtest and live verification data and are sensitive to execution conditions and optimization choices for the MT5 environment.
Risk Assessment

Fireblood Risk Assessment

Comprehensive analysis of potential risks and mitigation strategies

25
Risk Score
Low Risk

Conservative trading strategy with capital preservation focus

Risk Level25/100
ConservativeModerateAggressive

Risk Factors Breakdown

Drawdown Risk50%

Potential equity decline during losing streaks

Leverage Risk45%

Impact of borrowed capital on position sizing

Market Conditions55%

Sensitivity to market volatility and trends

Risk Management30%

Built-in protection mechanisms and controls

Overall Risk Level

Based on historical data and strategy analysis

Low Risk

Risk Factors Breakdown

Drawdown RiskMedium

Potential equity decline during losing streaks

Leverage RiskMedium

Impact of borrowed capital on position sizing

Market ConditionsMedium

Sensitivity to market volatility and trends

Risk ManagementLow

Built-in protection mechanisms and controls

Fireblood carries a moderate to aggressive risk profile relative to conservative buy and hold strategies due to active scalping on XAUUSD. The stop loss strategy is dynamic, using ATR based stops that expand with volatility to avoid early exits, while the algorithm enforces a hard equity stop to limit catastrophic loss. Position sizing uses fixed fractional risk per trade, with recommended 0.5 to 1 percent of equity per position for standard accounts. Vulnerabilities include high impact economic news, weekend gaps, and brokers with poor execution or wide spreads, which can amplify slippage and drawdown. Recommended account size is at least $2,000 for cautious users and $5,000 for more typical leverage and drawdown tolerance. Fireblood requires active monitoring and regular validation against current market microstructure.

Risk Mitigation Strategies

•Always use appropriate position sizing (1-2% risk per trade recommended)
•Monitor drawdown levels and reduce lot size if approaching maximum tolerance
•Test thoroughly on demo account before live trading with real capital
•Consider using lower leverage settings during high volatility periods
Setup Guide

Fireblood Setup Guide & Installation

Step-by-step instructions to get Fireblood running on your MT5 platform

Estimated Time
5 minutes
Progress
0 / 1 Steps
1

Step 1

Install Fireblood by copying the EA file into the MT5 Experts folder and restarting the platform. Attach Fireblood to an XAUUSD chart set to the M5 timeframe, then enable automated trading and allow DLL imports if required. Configure key parameters such as risk percent per trade, maximum spread threshold, and daily loss limit to match account size and risk tolerance. Choose brokers offering low spreads and fast execution, ideally ECN style accounts with consistent liquidity. Begin with 3 months on a demo account and then forward test on a small live account before scaling parameters to larger equity.

Prerequisites Checklist

MetaTrader 5 platform installed
Active trading account (demo or live)
EA file downloaded from MQL5 Market
Sufficient account balance for minimum lot size

Complete Installation Instructions

Install Fireblood by copying the EA file into the MT5 Experts folder and restarting the platform. Attach Fireblood to an XAUUSD chart set to the M5 timeframe, then enable automated trading and allow DLL imports if required. Configure key parameters such as risk percent per trade, maximum spread threshold, and daily loss limit to match account size and risk tolerance. Choose brokers offering low spreads and fast execution, ideally ECN style accounts with consistent liquidity. Begin with 3 months on a demo account and then forward test on a small live account before scaling parameters to larger equity.

Ready to Install?

Download Fireblood from the MQL5 Market

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E

Developed by Edirin Meshu

Professional trading algorithm developer with proven track record on MQL5 marketplace. Specializes in automated trading systems and expert advisors.

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Original MQL5 Product

Fireblood is available on the official MQL5 marketplace. All data and performance metrics shown on this page are based on the original product listing.

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