Poverty Killer EA for MT5 – Trend-Following Expert Advisor for Forex and Gold
Poverty Killer EA for MT5 is an automated trading system designed to deliver consistent performance across multiple market conditions. Built for traders who value structured, algorithm-driven strategies, this EA focuses on capturing medium-term trends with controlled risk.
Tested on EURUSD, GBPUSD, and XAUUSD (Gold), Poverty Killer EA demonstrates a balance between trade frequency and risk management, making it a solid option for traders who understand market phases and employ disciplined money management.
Recommended Settings for Poverty Killer EA
- Currency Pairs: EURUSD, GBPUSD, XAUUSD
- Timeframes: M15 to H1
- Minimum Deposit: $300–$500
- Leverage: 1:100 or higher
- Account Type: ECN or Raw Spread
These settings help optimize performance while maintaining moderate drawdowns, particularly in high-volatility sessions.
Key Features of Poverty Killer EA
- Trend-Following and Momentum Logic: Captures strong directional moves during high-liquidity periods.
- Flexible Risk Management: Adjustable lot sizing, stop-loss, take-profit, and maximum drawdown limits.
- Dynamic Entry and Exit: Automatically opens trades based on algorithmic signals with adaptive stop placement.
- High Compatibility: Works effectively across Forex and Gold markets.
- Moderate Drawdown: Maintains capital safety even during volatile sessions.
The EA adapts well to trending markets, though performance may slow during sideways consolidation phases.
Trading Strategy
Poverty Killer EA uses a hybrid trend-following strategy that sits between Scalping and swing trading:
- Detects strong market trends and aligns trades accordingly.
- Opens buy positions near retracement lows and sell positions near resistance highs.
- Dynamically adjusts stop-loss and take-profit levels to optimize risk-to-reward ratios.
- Targets medium-term gains rather than chasing frequent micro-profits.
This approach works best on trending instruments like XAUUSD during London and New York sessions.
Trading Signals
- Buy Signal: Triggered after a retracement in an uptrend, often near short-term support.
- Sell Signal: Triggered after rallies in a downtrend, often near resistance zones.
- Stop-Loss: Adaptive, but may require adjustments to prevent early exit in sideways markets.
- Take-Profit: Modest targets with a focus on high win-rate trades rather than large single gains.
Signals are algorithm-driven and automated, reducing manual intervention while maintaining structured trade execution.
Conclusion
Poverty Killer EA for MT5 is a well-structured, trend-focused trading system that performs strongly in directional markets. Its strength lies in capturing medium-term moves on EURUSD, GBPUSD, and XAUUSD with controlled risk.
While it may underperform in sideways or consolidating markets, proper money management and trend filtering can maximize profitability. For traders seeking a reliable, automated trend-following EA, Poverty Killer offers both consistency and flexibility, particularly in volatile trading conditions.
