GoldDow2: Automated MT5 expert advisor delivering volatility-adjusted breakout trading performance

This GoldDow2 review 2026 performance analysis examines both live results and backtested behavior to provide an objective assessment for MT5 users. GoldDow2 combines Dow Theory breakout logic with automatic swing detection, an SMA200 trend filter, and ATR-based R-multiple position sizing, creating a system that adjusts trade size and stops to ambient volatility. The developer Kyōhei Shirahama designed the EA to limit entries to trend-conforming breakouts, enabling a clear ruleset that is easy to validate on MT5 demo and live accounts. What makes GoldDow2 unique is the explicit coupling of classic Dow Theory breakout triggers with modern volatility-aware risk management. The algorithm identifies recent swing highs and lows on configurable timeframes, seeks confirmation across a higher timeframe, and only permits buy signals above the SMA200 or sells below it. Position sizing is calculated as an R multiple using ATR, so the monetary risk moves proportionally with market volatility and the EA avoids fixed-lot exposure. GoldDow2 handles trending and structured breakout conditions best, and it naturally reduces trade frequency during sideways markets. Risk control favors limited peak drawdowns via ATR stops and volatility-adjusted exits, producing a distribution of small losses and occasional larger winners. Expected characteristics include moderate trade frequency, configurable conservatism through risk-per-trade, and consistent documentation that helps traders align the EA to account objectives. Overall, GoldDow2 provides a transparent, data-driven tool for traders seeking systematic breakout exposure on MT5.