Goblin Golden Greedy EA MT5 (Official version) | Unbounded

Product Overview

Goblin Golden Greedy EA MT5 is an automated Gold trading Expert Advisor designed for the MetaTrader 5 platform. Developed primarily for XAUUSD, this trading robot combines multi-timeframe candlestick analysis, automated position sizing, martingale-based recovery options, and daily profit and loss controls into a single trading system.

Unlike basic Expert Advisors that rely on signals from only one chart, Goblin Golden Greedy EA MT5 analyzes five timeframes simultaneously: M1, M5, M15, M30, and H1. Its trading algorithm evaluates bullish and bearish candlestick patterns across these periods and opens positions when a configurable number of timeframes indicate the same market direction.

One of the EA’s signature features is Greedy Goblin Mode, which automatically adjusts lot sizes according to account balance. This allows trading volume to increase proportionally as the account grows, although larger positions also increase potential losses.

The system also includes two martingale trading modes: Reverse and One Way. These options allow the EA to increase position sizes following losing trades while either reversing the trading direction or maintaining the previous direction. Configurable martingale limits and margin checks are intended to restrict certain aspects of this recovery process.

Goblin Golden Greedy EA MT5 is designed with an emphasis on the Asia-Pacific trading session, with adjustable trading hours to accommodate different broker server times. Additional features include daily profit targets, daily loss limits, a real-time trading dashboard, and automatic order validation.

According to the developer, the EA can operate with a minimum account balance of $100 and a default base lot size of 0.01. However, this minimum balance does not guarantee that the account can withstand adverse Gold price movements or martingale-related drawdowns.

With its combination of multi-timeframe analysis, automated execution, customizable position sizing, and integrated risk controls, Goblin Golden Greedy EA MT5 offers a configurable trading solution for traders interested in automated XAUUSD strategies.

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About the Developer

• Author:  Yanuar Antabua
  
• Experience: Over 1 years of experience on MQL5.
  
• Notable Products: Goblin Golden Greedy EA MT5 and other advisors.
• Flagship Product: Goblin Golden Greedy EA MT5 is rated as the best performing product of the year.

>>> Delivery time 24h-48h after payment.
>>> Refund if not delivered.
>>> You will receive the latest version without any limitations (ID+Time).

Reviewed by Jason Stap <<<

Key Features of Goblin Golden Greedy EA MT5

1. Five-Timeframe Market Analysis

Goblin Golden Greedy EA MT5 monitors five different chart periods simultaneously:

• M1 – 1-minute timeframe
• M5 – 5-minute timeframe
• M15 – 15-minute timeframe
• M30 – 30-minute timeframe
• H1 – 1-hour timeframe

Each timeframe is evaluated using candlestick direction to determine whether market conditions indicate bullish, bearish, or mixed price movement.

This approach allows the EA to consider short-term and broader market conditions before executing trades.

2. Configurable Multi-Timeframe Confluence

The robot uses a confluence-based entry system.

Instead of opening a trade based on one timeframe alone, it requires a minimum number of timeframes to agree on the same direction.

Users can choose from four confluence thresholds:

• 2/5: Requires agreement from at least two timeframes.
• 3/5: Requires agreement from at least three timeframes.
• 4/5: Requires agreement from at least four timeframes.
• 5/5: Requires agreement from all five timeframes.

The standard trading approach described by the developer uses a 3/5 threshold.

Higher thresholds provide stricter signal requirements, although they do not necessarily produce more profitable trades.

3. Candlestick-Based Trading Signals

The EA evaluates candle direction to classify trading conditions into three categories.

Strong Buy: A timeframe demonstrates consecutive bullish candles.

Strong Sell: A timeframe demonstrates consecutive bearish candles.

Moderate: A timeframe contains mixed bullish and bearish candles without a clear directional pattern.

The algorithm combines these classifications across multiple timeframes to determine potential entry opportunities.

4. Greedy Goblin Auto Lot Scaling

Greedy Goblin Mode automatically adjusts trading volume according to account balance.

The developer provides the following examples:

Account Balance	Calculated Lot Size
$100	0.01
$200	0.02
$300	0.03
$500	0.05
$1,000	0.10
$5,000	0.50

This functionality is intended to support proportional lot scaling without requiring traders to adjust position sizes manually.

However, it should not be confused with a guaranteed safe risk-per-trade model because actual monetary exposure also depends on Stop Loss distance, Gold contract specifications, and leverage.

5. Two Smart Martingale Modes

Goblin Golden Greedy EA includes two recovery trading modes.

Reverse Mode

Following a Stop Loss, the EA reverses the direction of the next trade.

For example:

BUY → SELL → BUY → SELL

This mode is intended to respond to changing market direction, although repeated reversals can also result in consecutive losses.

One Way Mode

The EA maintains the same trading direction following a losing position.

For example:

BUY → BUY → BUY

or

SELL → SELL → SELL

This approach may be tested under trending market conditions, but it can generate substantial losses when prices move persistently against the selected direction.

6. Configurable Martingale Limits

The martingale system includes several protective controls.

The developer specifies a default maximum martingale level of four.

Additional safeguards include automatic fallback to the base lot when available margin is insufficient and a reset of the martingale sequence after a successful Take Profit.

These mechanisms help define the recovery sequence but do not remove the possibility of significant losses.

7. Asia-Pacific Trading Session Filter

The EA is designed with a focus on trading during the Asia-Pacific market session.

The developer suggests that this session may offer suitable Gold trading conditions for the strategy.

Trading hours are adjustable according to broker server time, allowing users to test different operating schedules.

8. Automatic Daily Profit and Loss Limits

Goblin Golden Greedy EA MT5 includes configurable daily trading thresholds.

For example, users may set:

• Daily profit target: $50
• Daily loss limit: -$5

The EA is designed to stop initiating trading activity once the configured daily threshold is reached.

Users should verify whether these limits are calculated using realized profit and loss, floating equity changes, or a combination of both.

9. Real-Time Trading Dashboard

The robot includes an on-chart dashboard that displays key information, including:

• Five-timeframe signal status
• Current confluence count
• Greedy Mode status
• Account balance and active lot size
• Martingale level and selected mode
• Current daily profit and loss
• Trading session status
• Last trading signal
• Last execution error

This provides traders with convenient access to the EA’s operating conditions.

10. Built-In Order Validation

The EA includes several technical checks designed to support MT5 order compatibility.

These include margin verification, lot size validation, broker trading-volume restrictions, minimum Stop Loss distances, historical data availability, and input parameter validation.

These checks can reduce certain configuration and execution errors, but they do not guarantee profitability or protection against adverse market conditions.

How Does Goblin Golden Greedy EA MT5 Work?

Goblin Golden Greedy EA MT5 follows an automated trading process that combines candlestick analysis, directional confirmation, position sizing, order execution, and recovery management.

Step 1: Monitoring Five Timeframes

The EA continuously evaluates Gold price action across M1, M5, M15, M30, and H1.

Each timeframe contributes information about current directional market behavior.

Step 2: Classifying Candlestick Signals

The algorithm examines candlestick direction to classify individual timeframes.

Consecutive bullish candles indicate a Strong Buy condition, while consecutive bearish candles indicate a Strong Sell condition.

Mixed candlestick patterns are classified as Moderate.

The number of consecutive candles required is not specified in the supplied product description.

Step 3: Evaluating Signal Confluence

Once the timeframe classifications are complete, the EA counts how many timeframes agree on the same trading direction.

For example, if three of the five monitored timeframes indicate bullish conditions, the system may identify a valid BUY opportunity when the minimum confluence threshold is set to 3.

If the required level of agreement is not reached, the EA waits for additional confirmation.

Step 4: Checking Trading Session Conditions

Before entering a trade, the robot checks whether the current broker server time falls within the configured trading session.

Its default trading philosophy focuses on the Asia-Pacific session, although the exact session hours can be adjusted.

Step 5: Calculating Position Size

The EA determines the trading volume according to its lot management settings.

When Greedy Goblin Mode is enabled, position size scales proportionally with account balance.

For example, the developer’s calculation assigns 0.01 lot to a $100 balance and 0.10 lot to a $1,000 balance.

Step 6: Executing the Trade

When market, session, and order validation conditions are satisfied, Goblin Golden Greedy EA opens a trading position.

The default Take Profit and Stop Loss settings are both 200 points.

Actual price distances depend on the broker’s XAUUSD quote precision and contract specifications.

Step 7: Managing Losing Trades

If a position closes at Stop Loss, the EA can activate its martingale recovery logic.

Depending on the selected mode, the next trade may reverse direction or maintain the previous direction.

The recovery sequence uses increased position sizing according to the EA’s internal calculation.

Step 8: Resetting After a Winning Trade

When a recovery trade reaches Take Profit, the martingale sequence is designed to reset.

The EA then returns to its normal lot-sizing logic for subsequent trading opportunities.

Step 9: Monitoring Daily Trading Limits

Throughout the trading session, the EA monitors daily profit and loss.

When the configured daily profit target or loss limit is reached, the robot applies its daily trading restriction.

Step 10: Continuing Automated Trading

As long as MetaTrader 5 remains active and market conditions satisfy the configured rules, the EA continues evaluating new opportunities.

The system’s behavior depends on trading sessions, market volatility, broker conditions, available margin, and selected risk settings.

Why Choose Goblin Golden Greedy EA MT5?

Goblin Golden Greedy EA MT5 combines several features that may appeal to traders interested in automated Gold trading.

Multi-Timeframe Decision Making

The EA uses five chart periods rather than relying exclusively on one timeframe.

Adjustable Signal Strictness

Users can select different confluence thresholds to control how many timeframes must agree before trading.

Automated Position Sizing

Greedy Goblin Mode adjusts trading volume as account balance changes.

Two Recovery Trading Approaches

Reverse and One Way martingale modes provide different ways to manage trading direction after a losing position.

Defined Recovery Limits

Maximum martingale levels and margin checks introduce operational restrictions into the recovery process.

Daily Trading Controls

The ability to configure daily profit targets and loss limits gives users additional control over trading activity.

Session-Based Trading

Adjustable trading hours allow users to focus on specific market sessions.

Transparent On-Chart Information

The integrated dashboard displays signal conditions, position sizing, martingale status, and daily trading performance.

MT5 Compatibility Checks

Automatic validation of lot sizes, margin requirements, and broker trading restrictions can help reduce technical order errors.

These features make Goblin Golden Greedy EA MT5 a configurable option for traders who want to experiment with automated Gold trading strategies combining confluence signals and recovery-based position management.

However, traders should recognize that martingale position sizing can create substantial financial exposure, particularly when operating with small account balances.

Goblin Golden Greedy EA MT5 Backtest Results

🔺XAUUSD (Gold) pair – January 2026 – April 2026

• Initial Deposit: $100
• Total Net Profit: $46,133,638.94
• Win Rate: 52,68%
• Maximum Drawdown: 9,34%

🔺XAUUSD (Gold) pair – April 2026

• Initial Deposit: $100
• Total Net Profit: $11,403,881.90
• Win Rate: 55,92%
• Maximum Drawdown: 14,76%

Risk Management & Alerts

Risk management is especially important for Goblin Golden Greedy EA MT5 because its trading system includes automatic lot scaling and martingale recovery options.

Although the EA incorporates several protective mechanisms, the combination of increasing position sizes and leveraged Gold trading can result in significant losses.

Stop Loss Protection

The EA uses a default Stop Loss of 200 points.

This parameter can be adjusted, and the developer states that Stop Loss protection can also be disabled.

Disabling the Stop Loss may expose positions to uncontrolled adverse price movements and is particularly risky when martingale recovery is enabled.

Take Profit Management

The default Take Profit value is 200 points.

This setting determines the intended profit target for individual positions.

Traders should verify the monetary value of this distance under their broker’s XAUUSD contract specifications.

Martingale Recovery Risk

When a trade closes at Stop Loss, the EA can increase the position size of the next trade.

Although the developer describes this as Smart Martingale, the strategy retains the fundamental risks associated with loss-recovery position sizing.

A sequence of losing trades can cause exposure to rise rapidly.

The available information does not specify the exact lot multiplier, so the potential position size at each recovery level should be verified before live trading.

Maximum Martingale Levels

The default maximum martingale level is four.

This setting is intended to limit the length of the recovery sequence.

However, even a limited martingale sequence may create substantial drawdowns when individual trades increase in size.

Margin Verification

The EA checks available margin before submitting orders.

If the calculated recovery lot exceeds the account’s available margin, the system is described as reverting to the base lot.

This may prevent certain margin-related order rejections, but it does not guarantee protection against margin calls or forced liquidation.

Greedy Goblin Lot Scaling

Greedy Goblin Mode increases trading volume proportionally with account balance.

While this may increase potential gains during profitable periods, it can also amplify losses.

The relationship between account balance, lot size, Stop Loss distance, and cumulative exposure should be carefully evaluated.

Daily Profit Target

The EA includes a daily profit target that can restrict further trading activity once the configured level is reached.

For example, a trader may set a daily target of $50.

This is an example setting rather than an assured daily return.

Daily Loss Limit

The daily loss limit is designed to stop trading when losses exceed a configured threshold.

For example, users may configure a daily limit of -$5.

However, a daily trading stop does not necessarily guarantee that losses cannot exceed the selected amount.

Open positions, slippage, and execution delays may affect the final loss.

Broker Compliance and Order Validation

The robot includes several technical safeguards:

• Margin checks before order execution
• Minimum and maximum lot validation
• Lot step and volume limit enforcement
• Pending-order limit checks
• Stop-level adjustment according to broker requirements
• Historical data verification
• Input validation during initialization

These features support order compatibility with MetaTrader 5 trading conditions.

Dashboard Alerts and Monitoring

The on-chart dashboard provides real-time information about trading signals, daily profit and loss, martingale levels, and execution errors.

The developer does not confirm dedicated email alerts or mobile push notifications in the supplied specifications.

Important Risk Considerations

The developer states that Goblin Golden Greedy EA can operate with a $100 starting balance.

However, a small account may be particularly vulnerable to margin pressure and drawdowns when trading XAUUSD with escalating position sizes.

Traders should evaluate whether the selected Stop Loss, martingale levels, and lot scaling settings are suitable for their available capital.

The presence of daily limits and technical safety checks does not make martingale trading inherently low risk.

Pros and Cons of Goblin Golden Greedy EA MT5

Pros

• Five-timeframe analysis: Monitors M1, M5, M15, M30, and H1 simultaneously.
• Configurable confluence: Allows users to adjust signal confirmation requirements.
• Candlestick-based strategy: Uses bullish and bearish candle patterns to evaluate market direction.
• Automatic lot scaling: Greedy Goblin Mode adjusts trading volume according to account balance.
• Two martingale modes: Supports Reverse and One Way recovery approaches.
• Configurable recovery limits: Includes a maximum martingale level setting.
• Daily trading controls: Offers daily profit targets and loss limits.
• Asia-Pacific session filter: Supports adjustable trading hours.
• On-chart dashboard: Displays trading signals, risk information, and system status.
• Broker order validation: Checks margin, trading volume, and Stop Loss requirements.
• MT5 account compatibility: Designed to support hedging and netting accounts.
• Low stated starting balance: Developer specifies a minimum account balance of $100.

Cons

• Martingale-related risk: Increasing lot sizes after losses can rapidly amplify account exposure.
• Small-account vulnerability: A $100 account may have limited capacity to withstand consecutive Gold trading losses.
• No independently verified live performance provided: Long-term profitability cannot be confirmed from the supplied description.
• Lot scaling increases exposure: Larger balances automatically result in larger position sizes.
• Stop Loss can be disabled: Removing protective exits may significantly increase financial risk.
• Limited strategy transparency: Exact candle-count requirements and martingale multipliers are not specified.
• Gold market volatility: XAUUSD can experience sudden price movements and substantial slippage.
• Session-dependent strategy: The Asia-Pacific focus may not perform equally well under all market conditions.
• Daily limits are not guaranteed loss caps: Actual losses may exceed configured thresholds.
• Broker sensitivity: Contract sizes, spread conditions, and execution quality can affect trading results.

How to Install Goblin Golden Greedy EA MT5

Installing Goblin Golden Greedy EA MT5 follows the standard Expert Advisor installation process on MetaTrader 5.

Step 1: Install MetaTrader 5

Download and install MetaTrader 5 from a trusted broker.

Open the platform and log in to your trading account.

For initial testing, use a demo account with trading conditions similar to those intended for live use.

Step 2: Open the MT5 Data Folder

In MetaTrader 5, navigate to:

File → Open Data Folder → MQL5 → Experts

This is the standard directory for Expert Advisor files.

Step 3: Install the EA File

Copy the Goblin Golden Greedy EA file, typically provided in EX5 or MQ5 format, into the Experts folder.

Restart MetaTrader 5 or refresh the Expert Advisors section in the Navigator window.

Step 4: Open an XAUUSD Chart

Locate XAUUSD in the Market Watch window.

Open the Gold trading chart.

Although the developer states that the EA may be adaptable to other instruments, XAUUSD is the primary recommended market.

Step 5: Select the M1 Timeframe

Set the chart timeframe to M1.

The EA uses M1 as its primary timeframe while simultaneously monitoring M5, M15, M30, and H1.

Step 6: Attach Goblin Golden Greedy EA

Locate the robot in the Navigator panel under Expert Advisors.

Drag it onto the XAUUSD chart.

Review the EA properties and enable the required algorithmic trading permissions.

Step 7: Review the Technical Specifications

The developer provides the following specifications:

Specification	Details
Platform	MetaTrader 5
EA Version	v1.03
Recommended Instrument	XAUUSD
Primary Timeframe	M1
Additional Timeframes	M5, M15, M30, H1
Minimum Account Balance	$100
Default Base Lot	0.01
Default Take Profit	200 points
Default Stop Loss	200 points
Stop Loss Optional	Yes
Default Martingale Limit	4 levels
Account Types	Hedging and Netting
Magic Number	55678

The $100 minimum is a developer-stated operational requirement rather than a recommended low-risk account size.

Step 8: Configure Multi-Timeframe Confluence

Open the Inputs tab and locate the relevant confluence settings.

Choose the minimum number of timeframes that must agree before opening a position.

Confluence	Description
2/5	Requires two matching timeframe signals
3/5	Requires three matching timeframe signals
4/5	Requires four matching timeframe signals
5/5	Requires confirmation across all five timeframes

A stricter confluence threshold may reduce trading frequency, but it does not guarantee greater accuracy.

Step 9: Configure Position Sizing

Review the base lot and Greedy Goblin Mode settings.

With Greedy Goblin Mode enabled, the EA automatically scales trading volume using account balance.

Verify the calculated lot size before allowing the robot to trade.

Step 10: Configure Martingale Settings

Select the preferred martingale trading mode:

Reverse Mode: Changes trade direction following a Stop Loss.

One Way Mode: Maintains the previous trading direction during recovery.

Review the maximum martingale level and the recovery lot calculation.

The developer specifies a default maximum of four levels.

Step 11: Set Stop Loss and Take Profit

Review the default values:

• Stop Loss: 200 points
• Take Profit: 200 points

Confirm how these point distances translate into actual XAUUSD price movements and monetary risk.

Keeping Stop Loss protection enabled is generally preferable to allowing unlimited adverse price movement.

Step 12: Configure Trading Session Hours

Set the trading session according to your broker’s server time.

The EA is designed with an Asia-Pacific session focus, but the exact hours are adjustable.

Step 13: Configure Daily Trading Limits

Set the daily profit target and maximum daily loss according to your testing plan.

For example:

• Daily profit target: $50
• Daily loss threshold: -$5

These figures are examples only and may be inappropriate for some account sizes.

Verify whether reaching a daily limit prevents new entries, closes existing positions, or both.

Step 14: Enable Algorithmic Trading

Click the Algo Trading button in MetaTrader 5.

Confirm that the EA is active and that the platform is connected.

Check the Experts and Journal tabs for setup or execution errors.

Step 15: Backtest Goblin Golden Greedy EA

Use the MetaTrader 5 Strategy Tester to evaluate the EA on historical Gold data.

Pay particular attention to:

• Maximum drawdown
• Consecutive losing trades
• Martingale lot progression
• Maximum margin usage
• Account equity fluctuations
• Daily loss limit behavior
• Profit factor
• Spread and slippage sensitivity
• Differences between martingale modes
• Performance across different market sessions

Because the EA includes martingale recovery, testing should focus heavily on worst-case loss sequences rather than only final profitability.

Step 16: Test on a Demo Account

Run Goblin Golden Greedy EA MT5 on a demo account before considering live trading.

Monitor confluence signals, lot calculations, martingale behavior, daily trading restrictions, and margin usage.

Observe the system across different Gold market conditions.

Step 17: Monitor Trading Performance

If the EA is eventually used on a live account, regularly review its open positions, daily profit and loss, recovery levels, and overall account exposure.

A VPS may help keep MetaTrader 5 operating continuously, although it cannot guarantee profitable trading or eliminate execution risks.

What’s Included in the Download Package?

• Experts:  Goblin Golden Greedy EA.ex4

>> Join VIP Membership Now <<<

Final Thoughts – Is Goblin Golden Greedy EA MT5 Worth Trying?

Goblin Golden Greedy EA MT5 is an automated Gold trading Expert Advisor that combines five-timeframe candlestick analysis, configurable signal confluence, automatic lot scaling, and martingale recovery strategies.

Its most distinctive feature is its multi-timeframe confirmation system, which evaluates M1, M5, M15, M30, and H1 before generating trading signals.

The ability to select different confluence thresholds allows traders to experiment with more or less restrictive entry conditions.

Greedy Goblin Mode adds automated lot scaling based on account balance, while the Reverse and One Way martingale modes provide alternative recovery approaches following losing trades.

The EA also includes daily trading limits, margin verification, broker order validation, and a detailed on-chart dashboard.

However, the use of martingale remains a major risk consideration. Increasing position sizes after losses can cause substantial drawdowns, particularly when combined with leveraged Gold trading and a relatively small starting balance.

Although the developer states that the robot can begin operating with $100, this amount should not be interpreted as sufficient capital for safe or sustainable trading.

The available product description also does not include independently verified live trading results or comprehensive historical performance statistics.

Overall, Goblin Golden Greedy EA MT5 may be worth testing for traders who want to explore automated XAUUSD strategies combining multi-timeframe technical analysis with configurable recovery and money management options.

Before committing real funds, carefully evaluate martingale exposure, test different confluence thresholds, verify daily risk controls, and conduct extensive demo trading under realistic broker conditions.

Risk Disclaimer: Forex, Gold, and leveraged CFD trading involve substantial financial risk. Martingale strategies can rapidly increase position sizes and may result in severe drawdowns, margin calls, or complete account loss. Daily loss limits and Stop Loss settings cannot guarantee capital protection. Historical or simulated performance does not guarantee future profits.