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

Raees Concept EA is a fully automated Expert Advisor for MetaTrader 5, built specifically for trading Gold (XAUUSD). This guide walks you through the complete setup, from installing MT5 to running the bot live. Most traders are done in about ten minutes.

Before you start

A few things worth knowing before installation. The EA is designed for Gold (XAUUSD) only and must run on the 15-minute chart — no other symbol or timeframe is supported. MT5 also needs to stay running for the bot to trade, so keep your computer on or use a VPS for uninterrupted operation through the trading week.

Step 1: Install MetaTrader 5

Download MT5 from your broker's official website. This is the recommended option, since the correct trading server comes preconfigured. Alternatively, you can get it from metatrader5.com. Once installed, open MT5 and log in with the account details your broker provided: login number, password and server.

Step 2: Purchase the bot

Choose a plan on our website and complete your purchase. As soon as your payment is confirmed, a unique license key is issued to your account. Keep it safe — you will need it during setup.

Step 3: Download the bot

Log in to your account dashboard and open the bot you purchased. Click download, and the Raees Concept EA file will be saved to your computer. This is the file you will load into MT5.

Step 4: Add the bot to MT5

Open MT5 and look at the Navigator panel on the left side. Expand the Expert Advisors section and you will find Raees Concept EA listed there. Drag it onto your Gold (XAUUSD) chart.

If the bot does not appear in Navigator, go to File, then Open Data Folder, then MQL5, then Experts. Place the downloaded file in that folder and restart MT5.

Step 5: Open the Gold chart

If XAUUSD is not already open, click the Symbols icon in the top toolbar of MT5. Type XAUUSD in the search box, select it and enable it. Once the chart opens, set the timeframe to M15. This is required for the EA to work correctly.

Step 6: Enable Algo Trading

When you drop the bot onto the chart, a settings window opens with two tabs: Common and Inputs. On the Common tab, tick the option called Allow Algo Trading. Without this, the bot cannot place trades.

Step 7: Enter your license key and settings

Switch to the Inputs tab and paste your license key into the License Key field first. Then apply our recommended settings:

• Risk per trade: 1.0
• Max lot size: 0.1 (suitable for a 100 dollar deposit; use a lower value for smaller balances)
• R:R fallback: 3.0
• Bars to scan for liquidity TP: 100
• Max simultaneous trades: 10

Further down you will find the trailing stop section:

• Profit points before trailing activates: 10000
• Trailing distance behind price: 3000
• Minimum improvement points: 1000

Step 8: Confirm and go live

Review everything and click OK. Check the top-right corner of the chart: a smiley face icon means the EA is active and running. If you see a different icon, Algo Trading is most likely disabled — go back to Step 6 and enable it.

That's all. Raees Concept EA is now live on the Gold 15-minute chart and trading automatically. You can pause and resume it any time from your dashboard, even when you're away from your computer.