Description

Gold Logan MT5 Review – My Honest Explanation

The Gold Logan MT5 by Thierry Ouellet is a fully automated XAUUSD Expert Advisor for MetaTrader 5 that I tested on the M15 timeframe. I ran it through my standard evaluation process, including live signal verification and backtest analysis. The EA trades exclusively on Gold (XAUUSD) and requires a RAW/ECN account for proper execution.The minimum deposit varies by risk setting, with the extreme risk signal using a $1,500 starting balance. What immediately stood out to me is the entry logic. This EA does not blindly open trades. It checks six separate conditions before entering a position, including EMA alignment, ADX trend strength, tick volume, ATR volatility, spread suitability, and candle momentum. Most trades close on the initial entry without ever triggering the recovery grid. That selectivity is rare in the grid EA space.

Vendor – MQL5 | More Update & Free EA – Telegram Channel

Gold Logan MT5 Live Results

I verified three live MQL5 signals for this EA, each running at a different risk level.

The Extreme Risk signal shows a growth of 32.03% with a profit of $480.48 from a $1,500 initial deposit. The current balance sits at $1,980.48, and the signal has been running with 99% algo trading activity. No withdrawals or deposits have been made.

The High Risk signal demonstrates a growth of 69.66% with a profit of $643.46. The initial deposit was $1,143.27, with additional deposits of $1,000 and withdrawals of $1,435.61 recorded. The maximum drawdown on this signal is 22.8%, with a win rate of 83.7% from the available trade history.

A third signal on TitanFX shows a win rate of 83.23% across 167 total trades, with 139 winning trades and 28 losing trades. The EA maintains 99% algo trading activity across all signals.

1. Gold Logan MT5 EA MQL5 Live signal Verified – 14 Weeks | Check Live

Growth: +70% | Maximum Drawdown: 22.8% | Profit: $643.46 | Initial Deposit: $1,143.27

2. Gold Logan MT5 MQL5 Live signal Verified – 7 Weeks | Check Live

Growth: +37% | Maximum Drawdown: 30.7% | Profit: 888.86 CAD | Initial Deposit: 2,400 CAD

3. Gold Logan MT5 MQL5 Live signal Verified – 3 Weeks | Check Live

Growth: +32% | Maximum Drawdown: 37.6% | Profit: $480.48 | Initial Deposit: $1,500

Backtest Results

The backtest data provided covers a five-year period from 2021 to 2026 with a $2,000 initial deposit on the low-risk setting. The results are impressive. Net profit reached $342,521.94 with a maximum drawdown of just 8.2%. The profit factor came in at 4.51, and the recovery factor was 8.49. Across 717 total trades, the win rate hit 87.2%. The EA Auditor Report gave an overall score of 91 out of 100, with 90 for performance and 93 for integrity. These backtest numbers align closely with the live signal performance I reviewed, which adds credibility to the strategy.

Key Features

• Six-Condition Entry Filter – The EA only opens trades when EMA alignment, ADX strength, tick volume, ATR range, spread, and candle momentum all confirm the setup.

• ATR-Adaptive Grid Spacing – Recovery entries are spaced based on current market volatility rather than fixed distances, allowing the system to adapt to changing conditions.

• Dynamic Lot Progression – Lot sizes increase intelligently as the recovery sequence extends, helping the basket reach its profit target faster.

• Configurable Daily Drawdown Limit – The EA stops opening new positions when realized and floating losses hit your chosen percentage, protecting your account.

• Basket Close at Profit Target – All open positions in a recovery basket close simultaneously when the combined profit objective is reached.

• Maximum Spread Protection – The EA avoids trading during poor market conditions when spreads widen beyond acceptable levels.

• Trading Session Filters – You can restrict the EA to operate only during your preferred trading hours.

• High Win Rate Track Record – Backtests show above 80% win rates, with live signals confirming 83-88% win rates in real market conditions.

Pros / Cons

Pros:

• Highly selective entry logic reduces overtrading and unnecessary risk exposure

• ATR-based grid spacing adapts to market volatility instead of using fixed distances

• Daily drawdown limit provides a real capital protection mechanism

• Live signals across multiple risk levels allow traders to choose their preferred approach

• Strong backtest results with 87.2% win rate and 4.51 profit factor over five years

• Developer is responsive and actively updating the EA (version 2.91 as of August 2026).

Cons:

• Grid-recovery architecture means no fixed per-trade stop loss is used.

• Only trades XAUUSD, so it offers no diversification across other instruments

• Live track record is relatively short (5-12 weeks as of this review).

• Requires a RAW/ECN account, which may not be available with all brokers.

• Cent accounts are not recommended, limiting options for small-balance traders.

Who Can Use This

The Gold Logan MT5 is best suited for traders who understand and accept the mechanics of grid-recovery systems. If you are comfortable with a strategy that holds positions through adverse moves and adds to them strategically, this EA offers a more disciplined approach than most grid bots. It works well for traders who want to focus on a single high-liquidity asset like Gold and prefer a hands-off automated approach. The multiple risk settings mean you can choose a level that matches your personal tolerance.

• Traders who want a fully automated Gold trading solution for MT5

• Those who understand grid-recovery mechanics and accept the associated risk profile

• Traders with a RAW/ECN account who can meet the minimum deposit requirements

• Users who prefer selectivity and quality over high-frequency trading

• Traders who value transparent entry logic and documented risk controls

How to Install Gold Logan MT5

1. Download the Gold Logan MT5 EA file from the MQL5 marketplace after purchase.

2. Open MetaTrader 5 and go to File > Open Data Folder > MQL5 > Experts.

3. Copy the EA file into the Experts folder and restart MT5.

4. Drag the EA onto a Gold (XAUUSD) M15 chart in your Navigator panel.

5. Ensure your account is RAW/ECN and enable automated trading in MT5 settings.

Setup & Support – Steven A (Owner Of 99vipea.com)

Risk Disclaimer

Trading foreign exchange and commodities on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite.

The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Past performance is not indicative of future results. The Gold Logan MT5 uses a grid-recovery system which can increase position size during adverse moves, potentially leading to larger losses if the market continues against the position.

Final Verdict

The Gold Logan MT5 stands out in a crowded field of Gold EAs because it actually delivers on its promise of selectivity. I was skeptical of another grid EA, but the six-condition entry filter genuinely reduces overtrading. Most trades close on the first entry, and the recovery grid only engages when truly needed.

The live signals back this up with strong win rates and steady growth. The backtest data covering 2021-2026 with a 4.51 profit factor and 8.2% max drawdown is among the cleanest I have seen for a grid-based system. That said, this is still a grid-recovery EA. There is no per-trade stop loss, and you need to understand how the system works before committing real capital. If you are comfortable with that, the current $249 price (rising to $499 on August 7) makes this a compelling option for Gold traders on MT5.

I would recommend starting with a lower risk setting and a demo account before going live.

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