GoldSmart: Automated MT5 Gold and EURUSD Trading with Verified Results

This 2025 review and analysis of GoldSmart performance evaluates both backtest results and live MT5 feeds to provide an objective view of behavior under multiple market regimes. GoldSmart combines an RSI reversal entry model with a Smart Recovery Grid that attempts to limit realized drawdown through hedging and scaled position entries. The evaluation examines win rate, average trade length, and peak-to-valley drawdown across sample accounts and highlights where the algorithm adds value compared with simple RSI systems. GoldSmart is unique because it blends counter-trend RSI signals within specific trading sessions and switches to trend-following bias outside those windows, reducing overfitting to a single regime. The algorithm monitors ATR and session volatility to adjust grid spacing and recovery lot increments, and it includes auto lot adjustments to respect broker minimums. Developed by Dechathorn Meetip, the advisor exposes key parameters on MT5 for logging and for reproducible backtests, allowing traders to validate performance before live deployment. Aggressive recovery settings increase trade frequency and potential returns while raising short-term drawdown risk. In practice GoldSmart handles trending EURUSD conditions on H1 cleanly and can also capture reversals during session turnarounds, but it performs less predictably in low-volatility, choppy markets. Risk controls are explicit: maximum open trades, cumulative drawdown caps, and configurable lot caps. Expected performance characteristics include moderate monthly returns with typical win rates around 55-66% depending on configuration, and a recovery mechanism that aims to regain losses across a sequence rather than by single big bets. GoldSmart is priced at $599 and carries a 4.5/5 rating from 100 reviews on MQL5.