How to Set Up Raees Concept EA on MT5: Live on Gold in 10 Minutes

Raees Concept EA is a fully automated Expert Advisor built specifically for trading Gold (XAUUSD) on MetaTrader 5. Once properly installed and activated, the EA can analyze the market and manage trades automatically according to its trading strategy.

This guide will walk you through everything you need to get started, from installing MetaTrader 5 to activating your license and configuring the recommended settings.

Please follow each step carefully before allowing the EA to trade on a live account.

Before You Begin

There are a few important things to know before setting up Raees Concept EA.

The EA is designed specifically for XAUUSD Gold and should be used on the M15, 15 minute, timeframe.

For the EA to continue operating, MetaTrader 5 must remain open and connected to your trading account. If you want the EA to run continuously without keeping your personal computer switched on, we recommend using a reliable VPS.

Step 1: Install MetaTrader 5

First, install MetaTrader 5 from your broker's official website.

Downloading MT5 directly from your broker is recommended because your broker's trading server is usually already configured.

Once MetaTrader 5 is installed, open the platform and log in using the credentials provided by your broker.

You will normally need:

Login number

Trading password

Broker server

After logging in successfully, make sure your account is connected and receiving live market prices.

Step 2: Purchase Raees Concept EA or Start Your Trial

To get your Raees Concept EA license, visit AiQuorix and choose the plan that works best for you.

If a trial is available for your account, you can also activate the trial before purchasing.

Once your purchase or trial activation is completed, your unique license key will be available through your AiQuorix account.

Your License Key Is Important

Your license key is required to activate the EA.

Before doing anything else inside the EA settings, make sure you have your license key ready.

You will enter this key during the setup process in the Inputs section.

Step 3: Download Raees Concept EA

Log in to your AiQuorix account and open the Raees Concept EA section.

Download the EA file provided for your account.

Save the file somewhere easy to find on your computer because you will need it during the MT5 installation process.

Step 4: Install the EA in MetaTrader 5

Open MetaTrader 5.

On the left side of the platform, you will see the Navigator panel.

Open the Expert Advisors section and look for Raees Concept EA.

If it is already visible, the EA has been installed correctly and you can move to the next step.

If you cannot see it, don't worry. You can install it manually.

Go to:

File → Open Data Folder → MQL5 → Experts

Place the downloaded Raees Concept EA file inside the Experts folder.

After that, close and restart MetaTrader 5.

The EA should now appear under Navigator → Expert Advisors.

Step 5: Open the XAUUSD Gold Chart

Raees Concept EA is designed for Gold, so the next step is to open an XAUUSD chart.

If XAUUSD is not visible in your Market Watch, open the Symbols section and search for XAUUSD.

Enable the symbol and open its chart.

Once the chart is open, change the timeframe to:

M15, 15 Minutes

Make sure the EA is attached specifically to the XAUUSD M15 chart.

Step 6: Enable Algo Trading

Now drag Raees Concept EA from the Navigator panel onto your XAUUSD M15 chart.

The EA settings window will appear.

Open the Common tab and make sure Allow Algo Trading is enabled.

You should also check the main Algo Trading button at the top of MetaTrader 5 and make sure it is turned on.

This permission is necessary because the EA needs authorization to execute trades automatically.

Step 7: Enter Your License Key

Now open the Inputs tab.

The first thing you should do is enter your Raees Concept EA License Key.

You can find your license through your AiQuorix account after purchasing the EA or activating your trial.

Copy the license key carefully and paste it into the License Key field.

Once the license is entered, you can configure the remaining trading settings.

Step 8: Configure Your Trading Settings

Below are our recommended settings for getting started.

Risk Per Trade

The minimum risk setting can be kept if you prefer a more conservative approach.

If you understand the additional risk and want to use a more aggressive setting, you can increase the risk up to 7.0.

We strongly recommend staying at or below 7.0, as using higher risk levels can significantly increase the potential drawdown and overall risk of the account.

Minimum Lot Size

Set the Minimum Lot Size to:

0.02

Maximum Lot Size

Set the Maximum Lot Size to:

0.10

A maximum lot size of 0.10 is suitable as a starting point for an account balance of around $100, depending on your broker's contract specifications and your chosen risk level.

Do not increase lot size simply because the account balance increases. Always consider the risk associated with each position.

R:R Fallback

Set:

3.0

This provides the EA with a fallback risk to reward ratio when its primary target calculation does not provide a suitable target.

Bars to Scan for Liquidity TP

Set:

100

This determines how many previous bars the EA can scan when looking for liquidity based take profit levels.

Maximum Simultaneous Trades

Set:

11

This controls the maximum number of trades that the EA can have open simultaneously.

Session Filter

Set:

True

Enabling the Session Filter allows the EA to apply its configured trading session conditions.

Step 9: Configure the Trailing Stop

Scroll further down in the Inputs section until you reach the trailing stop settings.

Use the following recommended values:

Profit Points Before Trailing Activates: 10000

Trailing Distance Behind Price: 3000

Minimum Improvement Points: 1000

These settings determine when the trailing stop becomes active and how the stop loss is adjusted as the trade moves into profit.

We recommend keeping these values unchanged unless you have a specific reason to adjust them.

Step 10: Review Everything and Start the EA

Before clicking OK, take a moment to review your settings.

Make sure:

XAUUSD is selected

M15 timeframe is being used

Your License Key is entered correctly

Allow Algo Trading is enabled

Algo Trading is enabled in the MT5 toolbar

Your trading settings are configured correctly

Once everything looks correct, click OK.

How to Know the EA Is Running

After attaching the EA to your chart, look at the top right corner of the XAUUSD M15 chart.

The EA's active status indicator should show that it is running.

If the EA is not active, check the following first:

Make sure Algo Trading is enabled.

Make sure the EA is attached to XAUUSD.

Make sure you are using the M15 timeframe.

Make sure your license key is correct and active.

Make sure MetaTrader 5 is connected to your broker.

You're All Set

That's it. Your Raees Concept EA is now installed and configured.

Once everything is active, the EA can operate automatically on the XAUUSD M15 chart according to its programmed trading logic.

You can manage your license and account through your AiQuorix account whenever needed.

For uninterrupted operation, keep MetaTrader 5 running and connected to your broker. If you do not want to keep your personal computer running throughout the trading week, a reliable VPS is recommended.

A Final Word About Risk

Raees Concept EA is an automated trading tool, not a guarantee of profit.

Markets can move quickly, and automated trading involves financial risk. Higher risk settings and larger lot sizes can increase both potential returns and potential losses.

Start with a level of risk you are comfortable with, monitor the EA's performance, and never risk money you cannot afford to lose.

Trade smart. Manage your risk. Let the EA do the work.