The Gold Trading EA is a specialized, fully automated trading tool designed exclusively for the XAUUSD (Gold) pair, which is highly profitable but carries additional risk. Having an effective tool like this EA can be instrumental in successful Gold trading.
This EA functions as a risk scalper, utilizing martingale and dynamic grid strategies to help accelerate recovery from drawdowns and minimize the number of trades. Each trading cycle is independent, with its own entry and exit strategy. Multiple cycles can operate simultaneously, allowing you to set the maximum number of concurrent cycles based on your account balance.
What is a Trading Cycle?
A trading cycle includes a signal, entry, and exit strategy. Each cycle operates independently, containing multiple orders with distinct signals, breakeven points, and profit-taking criteria (≥ MinProfit). For smaller accounts, users can adjust the number of active cycles based on their balance. 
Important Note: For a 0.01 starting lot, each cycle’s stop loss (SL) equates to around $100, so beginning with only $100 could result in significant risk to the account balance.
The Gold Trading EA has been running successfully on MQL5 live signals for over two months, delivering a favorable profit-to-drawdown ratio. The EA is pre-optimized for the Gold pair; however, advanced users can adjust and optimize parameters as needed.
This EA includes a news filter to avoid trades during high-impact events like NFP or FOMC, reducing slippage and minimizing risk during volatile market conditions.
Recommendations for Gold Trading EA
Minimum Account Balance: $1,000 or equivalent in a cent account
Optimal Pairs: Designed for XAUUSD (Gold), but also works with EURUSD (usable on other pairs)
Timeframe: Best tested on M1, although it has no impact on live performance
Suitability: Not recommended for beginners. Understanding of MT4 and EA functions is essential before live trading
Backtesting Note: News Filter is disabled in backtesting, affecting accuracy since it typically removes risky trades and limits drawdown
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness
To enable news filtering, go to Tools > Options > Expert Advisors, select “Allow WebRequests for listed URL”, and add https://nfs.faireconomy.media/ to allow the EA to receive news updates.
This EA is an advanced tool, delivering powerful results on the Gold pair with the right account setup and trading conditions.
