De Moore MT5 v2.36 EA : Review – Price Action System

What is De Moore MT5?

The De Moore MT5 Expert Advisor enters the automated gold trading space with a clearly defined mandate: capture sustained trends on XAUUSD without exposing accounts to the compounding risk of grid or martingale systems. According to the vendor, the EA performs market analysis using trend-following and price action concepts, reinforced by a multi-timeframe framework. It is built for the MetaTrader 5 platform and is specifically designed for long-term deployment on the M5 timeframe. Traders who value transparent risk controls and verifiable live performance data will find the De Moore MT5’s approach worth examining.

📌 Vendor Website: Available on the official product page | MQL5
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My First-Hand Test Results

The De Moore MT5’s most compelling evidence comes from its public live signal on MQL5, which tracks the developer’s real account on ICMarketsSC-MT5-3 with 1:500 leverage. According to the signal data available at the time of research, the account showed 131.08% growth with a 1.48% relative equity drawdown over a monitored period of approximately twelve weeks. The trade sample included 184 XAUUSD trades, with 167 winners and 17 losers, yielding a profit factor of 10.87. The average winner was $3.69 against an average loser of $3.34.

1. De Moore MT5 Live signal Review | Check Live Proof

• Growth: +133.11%

• Profit: $ 569.24

• Drawdown: 4.6%

• Initial Deposit: $ 300

It is important to note that the account received a $300 initial deposit plus $200 in additional deposits, with no withdrawals. The $200 top-up is funding, not trading profit, and the total percentage growth should not be treated as a simple return on the final deposited amount. Additionally, the signal history contains some trading activity from June, which predates the stated monitoring start date, and the product itself was published in late August. Readers should therefore treat the twelve-week label as indicative rather than definitive proof of sustained performance by the current retail build.

Despite these caveats, the recorded distribution is notably healthy: the average winner was slightly larger than the average loser alongside a high win rate, which is a more appealing pattern than tiny gains repeatedly erased by one large loss. Independent buyer reviews on the MQL5 market corroborate the signal data, with several users reporting that their own live trades matched the developer’s published results and backtest outputs.

2. De Moore MT5 Results

3. De Moore MT5 BackTest results

Key Features

• Trend-Following with Price Action: The EA identifies directional market moves using price action patterns rather than relying on lagging indicators alone, allowing entries that align with the prevailing trend.

• Multi-Timeframe Analysis: According to vendor documentation, the system analyzes multiple timeframes simultaneously to filter out low-probability setups and improve entry timing on the M5 chart.

• No Grid, No Martingale: The EA employs a strictly non-martingale, non-grid approach. It does not place multiple orders at fixed intervals during drawdown, and it opens a maximum of two simultaneous trades, keeping exposure controlled.

• Built-In Stop-Loss and Take-Profit: Every trade is protected by predefined SL and TP levels, ensuring the account is never left exposed to unlimited risk, as confirmed by independent user reviews.

• Low Drawdown Focus: The developer emphasizes capital preservation, and the live signal data reflects relatively contained drawdown figures, with a maximum deposit load of 6.00%.

• Selective Trade Frequency: With an average of 2 trades per week and an average holding time of 35 minutes, the EA operates selectively rather than over-trading, which can reduce spread and slippage costs.

• News Filter Integration: The EA includes a news filter that is not applied during backtesting, which explains some differences between backtest and live results. This filter is designed to avoid trading during high-impact economic events.

• Fully Automated Operation: Once installed on a VPS, the EA requires no manual intervention, making it suitable for traders who cannot monitor charts throughout the day.

Why Should You Buy This?

• Transparent Live Signal: The developer publishes a real-account signal that allows prospective buyers to verify performance independently before committing capital.

• Capital Preservation First: The no-grid, no-martingale design combined with mandatory SL/TP levels means a single adverse trade cannot wipe out accumulated gains, which is a critical safety feature for long-term deployment.

• Controlled Exposure: Limiting the EA to a maximum of two simultaneous trades prevents the account from becoming over-leveraged during volatile gold market conditions.

• Suitable for All Experience Levels: The vendor notes that setup is straightforward, and the EA runs fully automated once configured, making it accessible to traders who are new to expert advisors.

• Long-Term Design Philosophy: The EA is explicitly built for sustained use on XAUUSD rather than short-term profit spikes, which aligns with a disciplined portfolio approach.

• Who This Isn’t For: Traders seeking high-frequency trading or rapid account growth through aggressive compounding will likely find the De Moore MT5 too conservative. The selective trade frequency and strict risk controls are deliberate design choices, not limitations.

Why De Moore MT5 Is Different

Many gold EAs on the market rely on grid or martingale mechanics to smooth out equity curves, which can mask underlying risk until a sudden adverse move triggers a catastrophic drawdown. According to the vendor and corroborated by user reviews, the De Moore MT5 takes the opposite approach: it accepts occasional losses as part of a trend-following strategy and instead focuses on keeping every trade bounded by a stop-loss. The developer’s willingness to publish a live signal, and the EA’s maximum two-trade limit, distinguish it from systems that obscure their risk profile behind complex lot-scaling algorithms.

De Moore MT5 Strategy & Logic

Based on vendor documentation and independent reviews, the De Moore MT5 operates through a structured decision process:

• Market Scan: The EA continuously evaluates price action on the M5 timeframe while referencing higher timeframes to establish the prevailing trend direction.

• Entry Trigger: A trade is initiated when trend-following and price action conditions align across the analyzed timeframes, signaling a high-probability continuation or reversal setup.

• Trade Management: Upon entry, a stop-loss and take-profit are immediately attached. The EA may open a second trade in the same direction if the setup remains valid, but never more than two simultaneous positions.

• Exit Conditions: Trades close when the take-profit is reached, the stop-loss is triggered, or the EA’s internal logic determines that the trend condition has invalidated.

• Risk Controls: The EA does not use grid or martingale. It applies a maximum deposit load limit, incorporates a news filter for live trading, and relies on predefined SL/TP on every position.

Risk Disclaimer: Trading foreign exchange and CFDs on margin carries a high level of risk and may not be suitable for all investors. Past performance, including vendor-reported or signal-tracked results, does not guarantee future outcomes. The figures cited in this review reflect historical account data and should not be interpreted as a promise of future returns. Readers should conduct their own due diligence and consider their financial situation before using any automated trading system.

Optimized Settings Table

How to Install De Moore MT5

1. Purchase the EA and download the .ex5 file to your computer.

2. Open MetaTrader 5 and navigate to File > Open Data Folder to locate your terminal’s data directory.

3. Place the EA file into the MQL5 > Experts folder within the data directory.

4. Restart MetaTrader 5 or right-click in the Navigator panel and select Refresh to load the EA.

5. Open an XAUUSD M5 chart and drag the De Moore MT5 EA from the Navigator onto the chart.

6. In the settings window, enable Allow Algo Trading, configure your risk parameters, and click OK to activate the EA. Ensure the Algo Trading button in the main toolbar is green.

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Author Info

According to the vendor’s MQL5 profile, the De Moore MT5 is developed by Benicanoko, the same author behind the EA’s live signal. The developer has published the product on the MQL5 Market and maintains an active presence in the product’s comment section, responding to user inquiries and releasing updates to the EA’s logic. Independent background information about the developer’s broader portfolio or company history is limited, and prospective buyers should evaluate the EA primarily on its published signal data and user reviews.

Is De Moore MT5 Worth It?

The De Moore MT5 presents a measured proposition for traders seeking a disciplined, transparent gold EA. Its no-grid, no-martingale architecture and maximum two-trade limit are genuine risk-management features that set it apart from more aggressive alternatives. The published live signal provides a level of transparency that many competing products lack. However, the account’s relatively short monitored history and the presence of pre-monitoring activity mean that longer-term performance across diverse market conditions remains unproven.

Traders considering this EA should review the live signal, test it on a demo account with their own broker, and choose risk settings they are comfortable with before committing real capital.

Explore our expanding range of Myfxbook-based trading products, carefully selected for traders seeking verified performance insights, lower-drawdown EAs for more disciplined risk management, and advanced Forex indicators designed to enhance market analysis and improve trade entry timing.

👉 Reviewed By – Daniel C