Question 1

Does Golden Mirage MT5 only trade Gold?

Accepted Answer

Yes. It is specially designed for XAUUSD (Gold) only and uses a powerful combination of indicators optimized specifically for the gold market.

Question 2

Is Golden Mirage safe to use with 8% risk?

Accepted Answer

It uses 8% risk per trade with Autolot, but includes a hard $300 Loss Cap that automatically closes all positions when the limit is reached, providing strong account protection.

Question 3

How strong is the entry filtering?

Accepted Answer

Very strong. The EA only enters trades when RSI, ADX (minimum 55), Moving Average, and High/Low Level conditions are all aligned: significantly reducing false signals.

Question 4

Is it suitable for prop firms?

Accepted Answer

Yes. It has built-in Prop Firm Settings (Max DD 9% and Daily DD 4%), although they are currently turned off. You can easily enable them for full prop firm compliance.

Question 5

Does it use Martingale or Grid?

Accepted Answer

No. Golden Mirage is a pure multi-filter trend system and does not use Martingale, Grid, or any dangerous recovery methods.

Question 6

What is the minimum capital required?

Accepted Answer

You can start with $500–$800. However, $1500+ is recommended due to the 8% risk setting and to comfortably handle the $300 Loss Cap.

Question 7

Can I trade both Buy and Sell at the same time?

Accepted Answer

Yes. The EA allows simultaneous Buy and Sell positions, giving it flexibility to profit from both directions when strong signals appear.

Question 8

Does it trade on weekends or during news?

Accepted Answer

It trades from Monday to Friday with no time restrictions. It does not have a built-in news filter, so you may want to pause it manually during high-impact news events.

Golden Mirage MT5Premium

Before You Start