What is Greedy Golden MT4?
Greedy Golden MT4 is a precision-built Expert Advisor (EA) tailored for safe, long-only strategies on XAUUSD (Gold). It emphasizes high capital safety by limiting trades to a single position, integrating a dynamic Trailing Stop system, and enforcing strict margin and leverage limits for sustainable, low-risk automation.
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⚙️ Core Strategy Settings
- Direction: Long
→ The EA is configured to trade only Buy positions, focusing on upward momentum in the XAUUSD (Gold) market. This is ideal for bullish trends or medium-term upswings. - Maximum fix positions: Custom
- Number of fix positions (if custom): 1
→ The robot opens only one fixed position at a time, ensuring high capital safety and preventing overexposure. This setup avoids grid or martingale-style trading, making it suitable for prop firm rules. - Maximum temporary position: 1
→ Confirms that the EA will not open multiple simultaneous trades, keeping risk per trade under control.
💰 Lot Size and Leverage Control
- Orders lotsize: 0.01
→ A conservative starting lot, suitable for small accounts or FTMO challenges. Traders can manually adjust this based on account size. - Robot Maximum Leverage: 5:1
→ This restriction ensures safe margin usage, reducing the risk of margin calls and controlling position size relative to equity.
🧭 Trade Management and Exit Logic
- The method of closing positions: Trailing SL
→ The EA uses a trailing stop-loss system to protect profits dynamically as price moves favorably. This approach is especially effective in volatile markets like gold, allowing trades to capture extended trends. - TP distance in points: 600.0
→ The Take Profit is set at 600 points (equivalent to 60 pips) — a moderate profit target balancing between fast exits and steady growth. - Swap-free time limit (Minutes): 60
→ Positions are closed or adjusted if held longer than 60 minutes without progress, preventing overnight swap costs or extended exposure.
📈 RSI Indicator Configuration
- RSI TIMEFRAME: 14
→ Uses the standard 14-period RSI, one of the most reliable indicators for momentum analysis.
The EA reads overbought/oversold levels to refine entries in the direction of the trend. - Trade timeframe: Current
→ The system adapts to the chart’s timeframe, allowing flexible use on M15, M30, or H1 charts depending on trader preference. This gives multi-timeframe compatibility without needing additional optimization.
🛡️ Safety and Risk Protection
- Margin protector: ON
→ Activates an automatic margin safeguard, preventing new trades when account margin drops below a certain threshold — crucial for maintaining prop firm compliance. - Minimum margin level (%): 300.0
→ The EA will stop trading if free margin falls below 300%, an excellent safety feature that preserves capital and ensures account longevity.
This conservative setup reflects a capital-preservation-first approach, prioritizing sustainability over aggressive gains.
🎨 User Interface (UI) Customization
The Greedy Golden MT4 EA includes a customizable trading panel, improving visibility and user experience:
| UI Element | Setting | Description |
|---|---|---|
| Panel back color | Beige | Clean and easy-to-read background |
| Panel font color | Black | Provides clear text visibility |
| Button active | LimeGreen | Indicates active trading functions |
| Button inactive | Silver | Grays out inactive features |
| Font sizes | 9 (panel), 12 (button) | Balanced readability |
| Chart message color | Yellow | Highlights alerts and signals |
This level of customization demonstrates the EA’s focus on user control and clarity, allowing traders to monitor live trades efficiently.
🧠 Trading Behavior Summary
The Greedy Golden MT4 operates with a disciplined single-trade strategy, combining:
- Trend-following buy entries
- RSI-based confirmation
- Trailing stop-loss protection
- Strict leverage and margin limits
Such design minimizes drawdowns and maximizes steady growth potential, making it ideal for traders seeking low-risk gold trading automation.
✅ Conclusion
The Greedy Golden MT4 is a precision-built gold trading robot tailored for safe, long-only strategies on XAUUSD.
It integrates a trailing stop system, RSI filter, and margin protection to deliver sustainable, consistent profits.
By limiting open positions and maintaining 5:1 leverage, it provides excellent stability for prop firm trading environments such as FTMO or MyForexFunds.
The combination of technical reliability, visual interface, and capital protection makes Greedy Golden MT4 a trustworthy choice for traders seeking controlled gold trading automation.
