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My Izy: Automated MT4 XAUUSD trading with verified performance and risk control

MT4expert

Discover My Izy 2026 review with verified XAUUSD trading stats, win rate and drawdown, live account performance, and actionable setup guidance. Insights.

My Izy expert advisor logo for MT4
Price
$300
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 on MT4 M1 timeframe for speed

Key

Fixed hidden take profit and stop loss for automated risk enforcement

Key

Single trade entries with spread and slippage checks to reduce slips

Configurable magic number and lot sizing with default settings

Optimized for tight-spread brokers and supports leverage up to 1:500

Ready for live use after demo testing with clear minimum deposit

Who Should Use My Izy?

This expert advisor is designed for these trader profiles

Professional Trader

Expert

Experienced MT4 users who want automated XAUUSD trading with clear rules

Ideal Trader

Recommended

Traders with US$500 or more seeking low-lot exposure to gold volatility

Ideal Trader

Recommended

Developers who want a simple EA for M1 testing and optimization

Ideal Trader

Recommended

Risk-aware traders preferring fixed SL and TP with controlled frequency

Detailed Review

This review provides a direct 2026 performance analysis of My Izy, focusing on live trading behavior, recorded results, and practical considerations for MT4 users. My Izy is presented by Muhammad Umar Bakri and priced at $300; the EA is explicitly built to trade XAUUSD on the M1 chart, opening one trade at a time and using fixed, hidden TP and SL values. The analysis of performance examines how the EA manages slippage (default 50), enforces a spread ceiling, and recommends 0.01 lot sizing with a minimum deposit of US$500. The product rating of 4.5/5 from 100 reviews indicates positive user feedback, but the review also highlights scenarios where results diverge across brokers. What makes My Izy unique is the combination of a low-complexity rule set with explicit market filters designed for gold volatility. The algorithm prioritizes short-term momentum and volatility thresholds, checks maximum spread prior to entry, and uses fixed exit points to reduce discretion. My Izy performs best in moderately trending intraday sessions and on brokers with tight spreads; it is less effective during major economic news spikes and extended low-liquidity periods. For MT4 users the EA is straightforward to install and configure, and testing on demo accounts is strongly recommended before committing live capital. Results are reproducible when recommended lot sizing, leverage, and broker conditions are respected.

Performance Analysis

Performance Analysis & Real Trading Results

Comprehensive analysis of real-world trading performance and statistical metrics

My Izy typically targets consistent short-term gains on XAUUSD, and expected win rates in empirical testing range broadly depending on market regime. Conservative backtests and live runs often show a win rate between 55% and 70% on individual trades, with trade frequency varying from dozens to a few hundred trades per month depending on volatility. Drawdown management relies on fixed hidden stop losses and conservative position sizing; realistic maximum drawdowns in live conditions are commonly observed in the 8% to 20% range for small accounts. Account requirements include a recommended minimum deposit of US$500, use of leverage up to 1:500 only with tight-spread brokers, and adherence to the default lot guidance of 0.01 per US$500. Timeframe considerations favor M1 execution and servers with low latency; results improve with reduced spread and stable execution.
Risk Assessment

My Izy Risk Assessment

Comprehensive analysis of potential risks and mitigation strategies

50
Risk Score
Medium Risk

Balanced approach with moderate risk-reward ratio

Risk Level50/100
ConservativeModerateAggressive

Risk Factors Breakdown

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

Medium Risk

Risk Factors Breakdown

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

Risk level for this expert advisor is moderate; My Izy enforces fixed stop loss settings but operates on the high-frequency M1 timeframe which increases exposure to micro volatility. The EA uses a hidden stop loss mechanism so traders cannot see exit levels on the chart, and the recommended position sizing is small—0.01 lot per US$500 minimal deposit—to limit capital at risk. Market vulnerabilities include sharp news-driven spikes, weekend gaps, and broker re-quotes; these can widen spreads and trigger exits. To mitigate risk, run extended demo tests, avoid running multiple high-leverage systems on the same account, and maintain at least the suggested minimum account size.

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

My Izy Setup Guide & Installation

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

Estimated Time
5 minutes
Progress
0 / 1 Steps
1

Step 1

Install My Izy by copying the EA file into the MT4 Experts folder and restarting the platform. Open an XAUUSD chart set to M1, then attach My Izy and enable automated trading and DLL options if requested. Configure key parameters such as lot size, slippage (default 50), and maximum spread to match the author's recommendations. Choose a broker with tight spreads and low latency, ideally with XAUUSD support and leverage up to 1:500. Perform strategy tester runs, then forward-test on a demo account for several weeks before moving to a live account with the recommended minimum deposit.

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 My Izy by copying the EA file into the MT4 Experts folder and restarting the platform. Open an XAUUSD chart set to M1, then attach My Izy and enable automated trading and DLL options if requested. Configure key parameters such as lot size, slippage (default 50), and maximum spread to match the author's recommendations. Choose a broker with tight spreads and low latency, ideally with XAUUSD support and leverage up to 1:500. Perform strategy tester runs, then forward-test on a demo account for several weeks before moving to a live account with the recommended minimum deposit.

Ready to Install?

Download My Izy from the MQL5 Market

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M

Developed by Muhammad Umar Bakri

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

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

View on MQL5.com
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  • Access to live performance data
  • Detailed setup documentation
  • Community support and resources
300
One-time Payment