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Dark Magic is an MT5 expert advisor for hedging accounts that can run on gold (XAUUSD), major currency pairs and some synthetic indices. It offers automatic or fixed lot sizing, a currency profit target and a daily trading window.
Get one message the moment it launches, with its price.
Dark Magic is an expert advisor for MetaTrader 5 that opens and manages trades automatically on a hedging account. It can be attached to gold (XAUUSD), major currency pairs and a few synthetic index symbols, and it gives you control over lot sizing, profit targets and trading hours.
The EA places market orders on its own and manages them using a lot multiplier and a profit target expressed in account currency. When the combined profit of its buy or sell trades reaches the target you set, it closes them. An optional mode opens a new trade at the start of every new candle. The developer notes that this mode can be risky on small timeframes and suggests D1 if you use it.
Because a lot multiplier is part of the design, exposure can grow when the market moves against open positions. Study how the multiplier behaves in the Strategy Tester before trading real money.
The inputs below are the main ones described for this EA. Default values may differ, so check the input tab after loading it.
| Input | Purpose |
|---|---|
| MM | True calculates lot size automatically from your risk; false uses the manual lot |
| Risk | Risk percentage, used only when MM is true |
| Lot Size | Manual lot, used only when MM is false |
| Multiplier | Factor applied to the lot size on subsequent trades |
| Target $ Profit | Profit in account currency at which trades are closed |
| Open On New Candle | Opens a new trade on every new candle when enabled |
| Start hr / End hr | Hours between which the EA is active |
Separate set files for different currencies are mentioned by the developer. Ask the seller or check the product page for them, and do not assume the same values suit every symbol.
Trading leveraged products such as forex and gold carries a significant risk of loss, and you can lose your whole deposit. Past results do not predict future ones. Only trade with money you can afford to lose, and test on a demo account first.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (hedging account required) |
| Strategy focus | Gold or XAUUSD |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Markets | XAUUSD, EUR, USD and GBP pairs, Step Index, Volatility 10 (1s) |
| Timeframes | H1 on standard accounts; M15 or M30 on cent accounts |
| Trade style | Automated entries with lot multiplier and profit target |
| Suggested deposit | Around 500 USD per pair (or 500 USD cent); confirm before use |
| Suggested leverage | 1:500 or higher |
| Requirements | VPS recommended, continuous uptime |
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No. This product is built for MetaTrader 5 only. It will not load in MT4, so make sure your broker offers an MT5 account before buying.
A hedging account is required, because the EA can hold positions in both directions. Netting accounts are not suitable. Check the account type with your broker before you attach the EA to a chart.
Yes, XAUUSD is among the symbols the developer lists as workable. Symbol names differ between brokers, for example suffixes on the gold symbol, so confirm the exact name in your Market Watch and test on a demo account first.
The developer's guidance is H1 for standard accounts and M15 or M30 for cent accounts. Test the timeframe you plan to use in the Strategy Tester and on a demo account before going live.
Copy the EA file into the Experts folder via File, Open Data Folder, MQL5, Experts in MT5, then restart the terminal or refresh the Navigator. Drag the EA onto a chart, allow algorithmic trading, and set your inputs.
The EA is meant to run without interruption, so a VPS is strongly advisable. If the terminal is closed or loses connection, the EA cannot manage open trades or open new ones.
Dark Magic MT5
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