What is Gold Rider EA MT4?
Gold Rider EA MT4 is a professional-grade Expert Advisor (EA) meticulously optimized for XAUUSD (GOLD) trading, focusing on consistent and sustainable growth. It combines fixed lot sizing with a strict Max Drawdown limit and a multi-layered signal confirmation system to ensure disciplined execution and high reliability.
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⚙️ General Trading Settings
- Magic Number: 786
Each trade is uniquely tagged, ensuring no conflict with other Expert Advisors. - Comments: Gold Rider EA
Helps identify trades in the MT4/MT5 terminal for performance tracking. - Lots Method: Fixed Lot
The EA uses manual lot sizing rather than automatic risk scaling, allowing traders to maintain consistent exposure. - Fixed Lot Size: 0.1
Ideal for accounts starting from $1,000–$3,000, maintaining stable risk control. - Risk % per Trade: 1%
Balanced risk management — perfect for long-term stability in prop firm or personal accounts. - Maximum Lot Cap: 3.0
Prevents over-leveraging, a key feature for passing FTMO and MyForexFunds challenges. - Max Spread: 50 points
Ensures that trades are not executed during high-spread periods, protecting against slippage during news events.
🎯 Take Profit & Stop Loss Configuration
- Take Profit: 500 points
- Stop Loss: 200 points
This setup delivers a Risk-to-Reward Ratio of 1:2.5, which is considered optimal for trend-based or breakout strategies. The EA targets sustainable growth rather than short-term spikes.
🔁 Trailing and Breakeven Mechanisms
- Use Trailing: False
- Use Breakeven: False
Although these features are currently turned off, they can be activated to lock profits dynamically once a position moves favorably.
- Trailing Start: 10 points
- Trailing Step: 1 point
- Breakeven Pips: 10
- BE Buffer: 2
✅ When enabled, these settings create a low-risk adaptive system that automatically shifts stop loss levels to protect profits.
⏰ Trading Hours
- Start Hour: 0
- Stop Hour: 24
Gold Rider EA trades 24 hours a day, taking advantage of global gold market volatility, especially during London and New York sessions.
📈 Drawdown Control
- DD %: 3.0
The EA halts new trades when drawdown exceeds 3%, a robust protection mechanism that aligns perfectly with prop firm trading rules.
📊 Signal Settings
- Trend Signals: True
- Momentum Signals: True
- Re-entry Signals: True
These parameters confirm that Gold Rider EA uses multi-layered confirmation logic. It only executes trades when trend, momentum, and re-entry signals align — minimizing false entries and improving accuracy.
🧠 Filter Settings
- Trend Filter: True
- Period: 50
- Volatility Filter: True
- Lookback Bars: 3
The EA applies a trend-following filter (MA-50) combined with a volatility filter to avoid sideways or choppy market conditions. The 3-bar lookback further refines entry precision, enhancing signal reliability.
✅ Conclusion
The Gold Rider EA demonstrates a professional-grade configuration tailored for gold traders and prop firm challenges.
Its fixed-lot control, strict risk limits, and multi-signal confirmation system make it a reliable tool for consistent and sustainable growth.
With built-in protection features such as max drawdown limits, spread filters, and 24-hour flexibility, Gold Rider EA stands out as an efficient and disciplined trading robot for XAUUSD.
