Smart Gold Hunter MT5 v2.0 + SetFiles | Unbounded

Product Overview

• Vender website

About the Developer

• Author: Barbaros Bulent Kortarla
• Experience: Over +2 years of experience on MQL5.
• Notable Products: Smart Gold Hunter MT5,  Easy Funded MT5, Smart Funded HFT EA and other advisors.
• Flagship Product: Smart Gold Hunter MT5  is rated as the best performing product of the year.

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Smart Gold Hunter MT5 Overview

Key Features & Performance

Smart Gold Hunter MT5 includes a range of features designed to support disciplined Gold EA trading:

• No Grid strategy
• No Martingale
• No Recovery positions
• No Hedging
• Single-entry trading
• Real Stop Loss and Take Profit
• Multiple ready-to-use trading profiles
• Scalper Mode
• Prop Scalper Mode
• Positive RR Mode
• Swinger Mode
• Custom Mode
• Daily profit target
• Daily loss limit
• Equity protection
• High-impact news filter
• Spread protection
• Session close protection
• Friday close protection
• Real-time information panel
• Risk-based or fixed-lot settings
• VPS-friendly automated execution

Performance in live trading can vary depending on broker spreads, commissions, slippage, execution speed, VPS quality, and market conditions. Backtesting should therefore be considered a reference rather than a guarantee of future results.

How Does Smart Gold Hunter MT5 Work?

• Smart Gold Hunter is attached to a XAUUSD or Gold chart on MetaTrader 5. After installation, traders can select a suitable trading profile and configure their preferred risk and position settings.
• The EA identifies trading opportunities according to its programmed trading logic and manages positions using predefined Stop Loss, Take Profit, trailing, and protection parameters.
• Unlike Grid or Martingale systems, the EA does not rely on continuously adding positions or multiplying lot sizes to recover previous losses. Its approach is based on controlled entries and predefined risk-management rules.
• For advanced traders, Custom Mode provides additional control over parameters such as TP, SL, trailing, trading pauses, and protection settings.

Why Choose Smart Gold Hunter MT5?

• Smart Gold Hunter MT5 may be suitable for traders looking for a Gold trading EA without Grid and Martingale strategies. Its main advantage is the focus on controlled trade execution rather than aggressive recovery techniques.
• The combination of multiple trading profiles, real SL/TP, daily limits, equity protection, spread protection, and news filtering gives traders more flexibility when adapting the EA to different trading environments.
• It can also be considered by traders using prop firm accounts, although each prop firm has its own rules regarding daily drawdown, maximum drawdown, news trading, trading hours, and automated systems.

Advantages

• Designed specifically for XAUUSD/Gold
• No Grid or Martingale
• No dangerous averaging or recovery positions
• Uses real Stop Loss and Take Profit
• Multiple trading profiles
• Built-in risk protection features
• Supports scalping and swing-style configurations
• Simple installation and setup
• Suitable for MT5 automated trading
• Can be used with VPS for more stable execution

Disadvantages & Weaknesses

• No trading EA can eliminate market risk. Smart Gold Hunter MT5 also has limitations that users should understand.
• Gold is highly volatile and can experience rapid price movements, large spreads, and significant slippage during major economic events. Even with protection features enabled, extreme market conditions can cause losses or worse-than-expected execution.
• The EA’s results can also differ between brokers because of differences in spreads, commissions, execution speed, liquidity, and contract specifications. Furthermore, a profile that performs well under one market condition may perform differently when market volatility or trend behavior changes.

Actual Results (Backtest & Live)

🟢Live Account Results

🔺XAUUSD pair – 22 consecutive weeks

• Initial Deposit: $100
• Growth Rate: +123%
• Win Rate (% of total): 77.2%
• Maximum Drawdown: 14%

Smart Gold Hunter MT5 Live Signal

🟢Backtest Results

Smart Gold Hunter MT5 backtets

Risk Warning

• Smart Gold Hunter MT5 does not guarantee profits. Forex and Gold trading involve a high level of financial risk, and past backtest or live performance does not guarantee future results.
• Users should start with conservative lot sizes, avoid excessive leverage, monitor drawdown, and test the EA on a demo account before using real capital. Always check your broker’s trading conditions and your prop firm’s rules before deployment.
• For better execution, a stable VPS, low-spread account, low commission, and reliable broker execution are recommended. Users should also carefully review the EA manual and monitor live performance rather than relying solely on backtest results.

Real User Reviews and Feedback

🔺Smart Gold Hunter MT5 is highly appreciated by the MQL5 community for bringing stable and reliable profits. Below are 5 star reviews from users:

Reviews

What’s Included in the Download Package?

• Experts
  • Smart Gold Hunter EA v2.0.ex5
• SetFiles
  •  SGH_Fixed Lot_0.01_Low.set
  •  SGH_Fixed Lot_Low_SL_TP.set
  •  SGH_Risk1%_SL_TP_AutoLot.set
  •  SGH_Risk2%_SL_TP_AutoLot.set
  •  SGH_Risk3%_SL_TP_AutoLot.set
  •  SGH_Risk5%_SL_TP_AutoLot.set

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Final Thoughts

Smart Gold Hunter MT5 is a Gold-focused Expert Advisor for traders who prefer No Grid, No Martingale, No Recovery, No Hedging, and single-entry trading with real Stop Loss and Take Profit. Its multiple trading profiles and built-in protection tools provide flexibility for different trading styles.

However, risk management remains essential. The EA should be viewed as a trading tool rather than a guaranteed-profit system, and users should always evaluate its performance under real market conditions before committing significant capital.

>> Reviewed by Jason Stap <<<