The XG Gold Robot MT4 is a specialized Expert advisor (EA) designed to trade gold pairs such as GOLD, XAUUSD, and XAUEUR. From the provided settings screenshots, we can break down the parameters to understand how this EA operates and its risk–reward profile.
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🔹 General Trading Parameters
- Pending Orders:
true→ The EA can place pending orders instead of instant execution, allowing better entry precision. - Trading Pairs:
GOLD, XAUUSD, XAUEUR→ Optimized for gold and related instruments, showing its specialization in precious metals. - FIFO:
false→ It does not follow FIFO rules, suitable for non-US brokers. - Fixed Lot:
0.0→ No fixed lot; instead, lot size is controlled by risk percentage. - RiskPercent:
10→ High risk, allocating 10% of the account per trade, which may lead to aggressive growth but also larger drawdowns. - Trade Direction:
BuyAndSell→ The robot is set to take both buy and sell trades depending on conditions.
🔹 Order Management
- OrdersMax (Medium/High Risk):
15→ Maximum 15 open positions, allowing grid or martingale-style trading. - OrdersStep:
70.0→ Step in points between additional orders, preventing trades from clustering too closely. - OrdersProfit:
50.0→ Minimum profit target in points for closing trades. - TakeProfit:
50.0→ Each trade aims for 50 points profit. - StopLoss:
50.0→ Stop loss also set at 50 points, providing a 1:1 risk–reward ratio. - Stop Loss %:
100.0→ Can risk the full order size, aggressive money management. - Trailing Stop:
0.0→ Disabled by default, meaning positions won’t trail in profit.
🔹 Trading Hours
- Trading24h:
false→ Not trading 24 hours. - Active Days: Monday to Friday with defined start and end times (08:00 – 22:00, except Friday ends at 20:00).
- This reduces overnight risk and avoids weekend gaps.
🔹 News Filter & Risk Management
- NewsFilter:
true→ EA avoids trading during high-impact news events. - doNotTradeBeforeInMinutes:
60→ Stops trading 1 hour before major news. - doNotTradeAfterInMinutes:
60→ Resumes trading 1 hour after major news. - StopLoss Important News (% balance):
100→ Can close trades at a large loss if news moves against open positions. - FindKeywordsList: Includes ECB, FOMC, Fed, Non-Farm Payrolls, etc. → Protects account from high volatility events.
🔹 Recovery System
- RecoveryMode (for Low Risk):
false→ Disabled in this setup, but available for risk-averse traders. - RecoveryMultiplier:
1.59→ If enabled, increases lot size moderately after losses. - RecoveryMaxCycle:
3→ Limits recovery attempts to avoid infinite martingale loops.
🔹 Additional Controls
- MaxSpread:
50.0→ Trades allowed up to a 5.0 pip spread, suitable for volatile gold markets. - Slippage:
50.0→ High tolerance for slippage, which is common in gold trading during spikes. - Magic Number:
125670→ Unique identifier for managing trades separately from other EAs.
✅ Conclusion – Is XG Gold Robot MT4 Worth Using?
The XG Gold Robot MT4 is clearly built for aggressive trading strategies on gold pairs, combining elements of grid and news filtering. With:
- High Risk (10% per trade)
- Grid/Martingale system (up to 15 open trades)
- News filter for safety
- Defined trading hours (avoiding weekends & high-risk times)
👉 This EA is suitable for traders who are looking for high returns and can tolerate drawdowns. However, due to its aggressive money management (10% risk and recovery system), it may not be ideal for conservative traders or small accounts.
For best results, it is recommended to:
- Use a VPS with low latency.
- Run it on a low-spread broker optimized for gold.
- Start with a moderate risk (2–3%) instead of 10% for better long-term sustainability.
