🧩 What is EA Gold Algo MT4?
EA Gold Algo is an automated trading system specifically designed for gold trading (XAUUSD) on the MetaTrader 4 platform. The Expert Advisor (EA) focuses on session-based trading, controlled risk management, and pending order breakout logic, making it suitable for traders who prefer structured entries during high-liquidity market hours such as the London and New York sessions.
📌📌📌 Buy this unlimited EA Gold Algo MT4 product here 📌📌📌
With built-in automatic risk calculation, spread and slippage protection, and trailing stop management, EA Gold Algo aims to balance profit potential with capital protection, especially in volatile gold markets.
🧩 General & Trade Settings
| Parameter | Value | Description |
|---|---|---|
| Show Panel | true | Displays the EA control panel on chart |
| Magic Number | 1 | Unique identifier for EA trades |
| Lot Size | 0.01 | Fixed lot size (used if auto risk disabled) |
| Use Automatic Risk | true | Enables dynamic lot sizing |
| Risk % (Recommended 1%) | 1.0 | Risk per trade based on account balance |
| Max Spread (Points) | 15 | Prevents trading in high-spread conditions |
| Max Slippage (Points) | 3 | Controls execution price deviation |
➡️ Insight: Automatic risk control at 1% per trade is ideal for long-term gold trading stability.
🧩 Session Filter Settings (UTC-Based)
EA Gold Algo MT4 allows precise control over trading sessions, ensuring trades occur only during periods of strong liquidity.
| Session | Enabled | Trading Hours (UTC) |
|---|---|---|
| Asian Session | false | 00:00 – 08:00 |
| London Session | true | 08:00 – 16:00 |
| New York Session | true | 13:00 – 21:00 |
➡️ Why this matters: Gold typically shows its strongest price movements during London and New York overlap, which improves breakout reliability.
🧩 Risk Protection – Hard Stop Loss
| Parameter | Value | Function |
|---|---|---|
| Hard Stop Loss (Points) | 150 | Maximum loss per trade |
➡️ This hard stop loss acts as a last safety layer, protecting the account from sudden gold price spikes.
🧩 Trailing Stop Settings
| Parameter | Value | Explanation |
|---|---|---|
| Enable SL Trailing | true | Activates trailing stop |
| Trailing Start (Points) | 70 | Profit required before trailing activates |
| Trailing Stop (Points) | 63 | Distance from price to stop |
| Trailing Step (Points) | 5 | Incremental trailing movement |
➡️ Trading Advantage: This trailing system helps lock in profits while allowing trends to extend, which is crucial for volatile instruments like gold.
🧩 Pending Orders & Breakout Settings
| Parameter | Value | Purpose |
|---|---|---|
| Activate Pending Orders | true | Uses pending orders for entry |
| Enable Breakout Pending Gap (Points) | 100 | Distance from current price |
| Disable Negative Pending Gap (Points) | 100 | Prevents invalid order placement |
➡️ Strategy Insight: Pending breakout orders reduce false entries and allow the EA to react only when price confirms momentum.
🧩 Execution Safety & Stability
EA Gold Algo MT4 includes several execution filters to maintain stable trading conditions:
- ✔ Spread filter prevents poor entries
- ✔ Slippage control avoids bad fills
- ✔ Session filters avoid low-liquidity hours
- ✔ Automatic risk adapts to account balance
➡️ These features make the EA suitable for both retail and prop-firm style trading rules.
🧩 Conclusion
EA Gold Algo MT4 is a well-structured gold trading Expert Advisor that focuses on session-based breakout trading with strong risk management. Its key strengths include:
✔ Automatic risk control (recommended 1%)
✔ London & New York session optimization
✔ Reliable trailing stop system
✔ Pending order breakout logic
✔ Strong spread and slippage protection
👉 Best suited for:
- Gold (XAUUSD) traders
- Traders seeking controlled, rule-based automation
- Accounts requiring disciplined risk exposure
➡️ When configured correctly, EA Gold Algo MT4 can deliver consistent and disciplined gold trading performance, especially during high-volatility sessions.
