GoldTrap EA MT5 v4.24 + Setfiles

GoldTrap EA MT5 – Grid-Style Martingale Basket Recovery System for XAUUSD

GoldTrap EA MT5 is a grid-style martingale basket recovery system built for MetaTrader 5, primarily positioned around XAUUSD (Gold) trading. The only public performance monitor located for a build labeled “GoldTrap v4.24” is a demo RoboForex account tracked on Myfxbook, currently showing a net loss and a 31.83% maximum drawdown across 3,899 trades. This store delivers both the v4.24 and v4.10 builds along with 18 preset setfiles covering XAUUSD and several additional pairs.

⚡ Key Highlights

• ⚙️ Grid-style martingale basket recovery system for MetaTrader 5, built around XAUUSD with recovery-based position averaging.
• 📈 The only public performance monitor found for this build shows a net loss and 31.83% drawdown on a demo account over 3,899 trades.
• 🔄 Recovery trades scale lot size by a 1.5x multiplier up to 35 levels, meaning extended adverse moves increase exposure substantially.
• 🛡️ A trading-hours filter restricts activity to set session windows; no fixed stop-loss is documented in the reviewed configuration.
• 🖥️ A hedging-enabled MT5 account is recommended, and VPS use is recommended for uninterrupted operation.
• 📦 Package includes two EA builds (v4.24 and v4.10) plus 18 setfiles spanning XAUUSD and multiple additional currency pairs.

📊 Performance Results

The strongest available performance evidence is a publicly viewable Myfxbook account labeled “GoldTrap v4.24,” tracking a demo MetaTrader 5 account at RoboForex with 1:2000 leverage. As of the last recorded update, the account shows a -5.90% gain, a 31.83% maximum drawdown, a balance of $47,112.61, and a realized loss of -$2,962.75 across 3,899 trades. This account is run by a third-party monitor rather than the confirmed developer, but its version label and trade volume make it the most relevant matching evidence found for this build.

Advanced statistics from the same account show a 58% overall win rate (57% on longs, 60% on shorts), a profit factor of 0.91, and a negative trade expectancy of -34.9 pips (-$0.76) per trade. A profit factor below 1.0 combined with negative expectancy means the tracked account lost more on losing trades than it gained on winners across nearly 4,000 trades. Average trade length was 4 minutes, consistent with an active basket-management style rather than long-held directional trades. The product page separately displays higher self-reported figures, including a claimed 72% win rate and 18.19% gain; these come from unverified screenshots rather than a public tracking link and should not be treated as confirmed performance.

The 31.83% drawdown recorded on the public account is a direct consequence of the martingale-style recovery design, which increases position size as price moves further against the initial trade. The tracked account carried a $50,073.83 deposit across 3,899 trades, so the drawdown reflects sustained trading activity rather than an isolated event. Traders considering this EA should size the initial lot well below the reviewed preset levels and monitor margin during extended trends, since no fixed stop-loss is documented. This is a publicly viewable demo account rather than audited live trading; past performance does not guarantee future results.

⚙️ How It Works

Strategy: GoldTrap EA MT5 is a grid-style martingale basket recovery system built around XAUUSD, according to the reviewed settings and package materials.

Entry: The EA opens an initial automated Buy or Sell position. The exact signal or indicator conditions behind this entry are not documented in the materials available.

Position / Grid Management: When price moves against the initial trade by a preset distance, the EA opens a recovery position at wider spacing with an increased lot size, based on a lot multiplier, up to a maximum number of recovery levels. Positions are then managed together as a basket using an average-entry calculation. In the reviewed settings panel, this behavior was configured with a 90-point initial distance, a 180-point recovery distance, a 1.5x lot multiplier, and a maximum of 35 recovery levels.

Because lot size increases by a 1.5x multiplier at each recovery level, up to 35 levels, exposure and margin usage can grow well beyond the size of the first position during an extended adverse move. Buyers should treat the initial lot size as the starting point for a much larger potential position, not the maximum risk on the trade.

Exit: Open positions in a basket are closed together once a combined take-profit target is reached, based on the average entry price across all positions in that basket.

Risk Control: A trading-hours filter restricts activity to defined session windows in the reviewed configuration. No fixed stop-loss or equity-protection mechanism is documented for this system.

Caution: The publicly monitored account tracking a build labeled GoldTrap v4.24 recorded a net loss and 31.83% drawdown over 3,899 trades. Martingale-style recovery sizing is a material risk factor; validate behavior on demo before committing live capital.

🧩 Technical Specifications

🎯 Who Should Use This EA

Ideal for:

• Traders already familiar with grid or martingale-style systems and their escalating exposure profile.
• Traders who want to test the included XAUUSD and multi-pair setfiles on a demo account before any live use.
• Traders running a hedging-enabled MT5 broker account with VPS for continuous uptime.

Best results when:

• The EA is run on demo first to observe recovery behavior under current spread and execution conditions.
• Account capital is sized well above the initial lot in the presets, leaving room for multiple recovery levels.

Not ideal for: traders seeking a low-drawdown, fixed-risk system, or anyone unable to monitor margin during extended adverse price runs.

📦 Download Package Included

Experts

• Gold Trap EA MT5 v4.24.ex5
• Gold Trap EA MT5 v4.10.ex5

SetFiles

• FIXEDVOL80.set
• BEST_FIXEDVOL20.set
• XAUUSD_GoldTrap_50K_MT5_1_500.set
• USDSGD_GoldTrap_50K_MT5_1_500.set
• USDHKD_GoldTrap_50K_MT5_1_500.set
• USDJPY_GoldTrap_50K_MT5_1_500.set
• USDCHF_GoldTrap_50K_MT5_1_500.set
• USDCAD_GoldTrap_50K_MT5_1_500.set
• SGDJPY_GoldTrap_50K_MT5_1_500.set
• NZDSGD_GoldTrap_50K_MT5_1_500.set
• NZDCHF_GoldTrap_50K_MT5_1_500.set
• GBPSGD_GoldTrap_50K_MT5_1_500.set
• CHFSGD_GoldTrap_50K_MT5_1_500.set
• EURSGD_GoldTrap_50K_MT5_1_500.set
• CADJPY_GoldTrap_50K_MT5_1_500.set
• AUDSGD_GoldTrap_50K_MT5_1_500.set
• AUDJPY_GoldTrap_50K_MT5_1_500.set
• AUDNZD_GoldTrap_50K_MT5_1_500.set

Your download link will be sent to your email address automatically after purchase is confirmed.

❓ Frequently Asked Questions