Even Keel is an Expert Advisor (EA) for MetaTrader 5 that trades gold against the US dollar (XAUUSD). We offer it free to eligible members of the EA-Storage community.
The EA trades frequently and can hold several buy and sell positions at the same time in one MT5 hedging account. Before requesting a copy, review the test results, suggested account size and participation terms below.
How Even Keel trades gold
Even Keel uses several calculations to choose entry levels as gold prices move. It looks for frequent trading opportunities and will sometimes close a position at a loss. This differs from a typical averaging-down or martingale strategy that adds to losing trades. The exact entry formulas are proprietary.
The aim is to follow sharp moves in gold while limiting the damage any one move can do to the account. A sudden move can still cause a substantial loss.
Backtest with the default settings
We tested Even Keel v1.17 on Exness XAUUSD using the one-hour chart (H1) in MT5, from 1 January to 20 October 2026. The test used 1:2,000 leverage and real ticks. MT5 reported 100% history quality.
| Metric | Backtest result |
|---|---|
| Initial deposit | 10,000.00 USD |
| Final balance | 36,649.14 USD |
| Net profit | +26,649.14 USD |
| Trades / win rate | 59,459 / 81.53% |
| Profit factor (gross profit divided by gross loss in absolute terms) | 1.08 |
| Maximum equity drawdown | 3,820.37 USD (10.11%) |
| Maximum balance drawdown | 5,905.33 USD (26.95%) |
The EA completed 59,459 trades and made a simulated net profit of USD 26,649.14. Although 81.53% of trades were profitable, the profit factor of 1.08 means gross profits only narrowly exceeded gross losses. The account survived the test period, but live results can differ.
With this many trades, rebates on eligible volume may add up. Trade count alone does not establish the payout. The stop-loss settings and internal calculation parameters can be adjusted and retested for your account type and risk tolerance.
Suggested account size and trading environment
- Regular account: We suggest starting with at least USD 10,000.
- Cent account: We suggest USD 1,000, shown as 100,000 USC on a US-cent account.
While the EA is hedging, both long and short positions can remain open. Even with the suggested capital and the EA’s risk controls, sharp price moves or wider spreads can increase floating losses. Monitor equity and margin level in MT5 while it runs.
Use a low-latency connection. If the price moves before an order reaches the broker, the fill may differ from the price you expected. Small differences add up across thousands of trades. When choosing a VPS, check for a stable connection and a ping of ideally just a few milliseconds to your specific MT5 trading server.
How to request a free copy of Even Keel
To qualify, open an eligible Exness MT5 cashback account through EA-Storage and complete at least one trade on that account. Check availability and the terms for your country of residence before applying.
We charge no separate fee for the EA. Our cashback offer is designed to compete with major rebate providers. Spreads and any other trading costs still apply.
Even Keel campaign cashback rate as of 10 November 2026: 85%. This is the campaign’s rebate rate. It does not mean that 85% of every spread or trading cost is refunded. Comparable EAs can be expensive, so we plan to adjust the rate for Even Keel once the participation limit is reached. We will announce the change on this page.
How to open an Exness cashback account through EA-Storage
After your first trade, send a Discord friend request to zzz_slp_88178. In your message, include your MT5 account number and the EA name Even Keel.
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