MT4XAUUSD (Gold) · H4 (H4 Chart)Updated 6 Jun 2026

Algo Gold EA MT4 with SetFiles (Latest version) - Unlimited

Algo Gold EA is a robot built for trading XAUUSD (Gold). Real trading profit performance has been verified by real accounts.

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Download link right after paymentUnlimited accounts, no licence lockSet files includedFree updates to new versions

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Will it work for me?

Trading platform

MetaTrader 4 (MT4)

Time frames

H4 (H4 Chart)

Currency pairs

XAUUSD (Gold)

Minimum / Recommended deposit

$1,000

Minimum / Recommended leverage

Any

Account types

Any

Product type

NoDLL / Unlimited / Unlocked

Additional services

Unlock and Decompile

Recommended brokers

Exness Broker, Icmarkets Broker

What you get

In the download

FILEAlgo Gold EA MT4

Optimize Settings

Recommended settings for Algo Gold EA MT4

🔢 Algo Gold EA MT4 – Complete Settings Guide & Parameter Explanation

Algo Gold EA is an automated trading robot designed for MetaTrader 4, focusing on gold trading with built-in position management, profit targeting, trade limitation controls and chart monitoring features.

The EA allows traders to control lot sizing, maximum trade exposure, trading sessions, and visual reporting directly on the chart, making it suitable for both manual supervision and fully automated trading environments.

🔢 Algo Gold EA MT4 Settings Explained

Below are the details of the parameters in the advisor’s trading system settings table:

🔶 Trading Settings

🔹 initial lot value = 0.01 — Sets the starting trade volume to 0.01 lots for the EA's first position.

🔹 Stop Trading At This Equity = 0.0 — Disables equity-based trading suspension; the EA will not stop opening new trades based on account equity.

🔹 Close Trades At This Loss Amount = 0.0 — Disables automatic closure of all positions when a specified loss amount is reached.

🔹 Close Trades At This Cycle Profit = 0.0 — Disables basket or cycle profit closure functionality because the value is set to 0.0.

🔹 Take_Profit = 50.0 — Sets the default take-profit target to 50.0 points/pips according to the EA's internal trading logic.

🔹 Max Daily Trades = 200 — Limits the EA to a maximum of 200 trades per trading day.

🔹 Maximum active trades = 50 — Allows up to 50 simultaneously open positions at any given time.

🔹 Maximum active trades per Direction = 25 — Restricts open positions to 25 Buy trades and 25 Sell trades maximum per direction.

🔶 Time Filter Settings

🔹 Use_Time_Zone_1 = false — Disables the first time-based trading session filter.

🔹 Time_Zone_1_Start = 08:00 — Defines the beginning of the configured trading session at 08:00.

🔹 Time_Zone_1_End = 12:00 — Defines the end of the configured trading session at 12:00.

🔶 General Settings

🔹 Orders Comments = algo gold ea trader — Adds the custom order comment "algo gold ea trader" to all trades opened by the EA.

🔹 EA magic number = 57575 — Unique trade identifier used by the EA to distinguish and manage its own positions.

🔶 Display Settings

🔹 Shows some comments on chart = true — Enables the display of informational comments and EA statistics directly on the trading chart.

🔹 Text Color = White — Sets the chart information text color to White.

🔹 Show_Open_Orders_Profit = true — Displays the floating profit or loss of currently open trades on the chart.

🔹 Font Size = 8 — Sets the chart information panel font size to 8.

🔹 Anchor Corner = 0 — Positions the display panel in chart corner 0 (typically the upper-left corner in MT4).

🔹 Offset From corner, pixels = 10 — Places the information panel 10 pixels away from the selected chart corner.

🔹 Space Between Rows, pixels = 17 — Sets the vertical spacing between information rows to 17 pixels.

🔢 Algo Gold EA MT4 Configuration Summary

🔹 Starting Lot Size: 0.01 lots.

🔹 Take Profit Target: 50.0.

🔹 Maximum Daily Trades: 200.

🔹 Maximum Active Trades: 50.

🔹 Maximum Trades Per Direction: 25.

🔹 Trading Time Filter: Available but currently disabled.

🔹 Magic Number: 57575.

🔹 Chart Monitoring Panel: Enabled.

🔹 Open Profit Display: Enabled.

🔹 Custom Trade Comment: algo gold ea trader.

🔢 Conclusion

Algo Gold EA MT4 provides a balanced set of trading controls for automated gold trading. With a conservative 0.01 lot starting size, a 50.0 take-profit target, support for 50 simultaneous trades, and configurable session filters, the EA offers flexibility for different account sizes and risk profiles. Its built-in chart dashboard and order tracking features help traders monitor performance while maintaining full control over trading activity.

🔢 FAQs

❓ What is the default lot size in Algo Gold EA MT4?
The default starting lot size is 0.01 lots.

❓ How many trades can Algo Gold EA MT4 open at the same time?
The EA can maintain up to 50 active trades simultaneously.

❓ Does Algo Gold EA MT4 support time-based trading sessions?
Yes, it includes a time filter with 08:00 to 12:00, although it is currently disabled with Use_Time_Zone_1 = false.

❓ What is the purpose of Magic Number 57575?
The Magic Number 57575 uniquely identifies the EA's trades so it can manage them independently from other EAs.

❓ Can Algo Gold EA MT4 display trading information on the chart?
Yes, the settings Shows some comments on chart = true and Show_Open_Orders_Profit = true enable real-time information and profit monitoring directly on the chart.

Full review

What is Algo Gold EA MT4?

Algo Gold EA MT4 is a professional Expert Advisor (EA) designed for automated Gold trading with adaptive market analysis, intelligent indicators and advanced risk management. Built for prop firm challenges and funded accounts, it combines disciplined scalping execution, automated profit control, and market adaptability to deliver stability, consistency and controlled growth.

➡️ Vendor Website: View here

About the Author

This product is compiled by Stuart James Winter. This author has more than +2 years of experience working on MQL5 with many famous products such as Algo Gold EA MT4, Algo Gold EA MT5, Algo Gold EA Premium MT4 and other advisors. Among them, Algo Gold EA MT4 is his best performing products.

➡️ Delivery time 24h-48h after payment.
➡️ Refund if not delivered.
➡️ You will receive the current version without any limitations (ID+Time).

Key Features of Algo Gold EA for MT4

🔹 Prop Firm Optimized: Designed to support challenge accounts and funded trading objectives efficiently.
🔹 Advanced Risk Management: Automatically stops trading after reaching predefined profit targets.
🔹 Gold Scalping Engine: Focuses on precise short-term opportunities in highly liquid XAUUSD markets.
🔹 Adaptive Trade Control: Adjusts execution according to volatility and changing market conditions.

What is the Algo Gold EA trading strategy?

🔹 Low-Risk Scalping Logic: Targets controlled intraday Gold movements with disciplined execution.
🔹 Volatility-Aware Analysis: Evaluates market activity before entering high-probability trades.
🔹 Structured Position Management: Uses predefined risk controls to maintain trading consistency.
🔹 Profit Target Automation: Stops trading automatically once account objectives are achieved.
🔹 Session-Focused Trading: Operates during active market periods to improve trade efficiency.

Algo Gold EA MT4 Review

The core strategy is Dynamic Scalping with Proportional Risk Management. The EA uses a carefully crafted scalping strategy optimized for the H4 timeframe, which balances market movements and noise reduction.

Why choose and use Algo Gold EA?

🔹 Stable Automated Trading: Designed for traders seeking consistency and disciplined performance.
🔹 Controlled Risk Exposure: Prioritizes capital preservation through integrated safety mechanisms.
🔹 Prop Firm Friendly Design: Supports funded account requirements with structured execution.
🔹 Adaptive Market Response: Responds efficiently to changing volatility and liquidity conditions.
🔹 Marketplace-Ready Solution: Suitable for traders seeking scalable and professional automation.

Is Algo Gold EA MT4 safe?

Algo Gold EA shows significant potential in providing stable and reliable profits, becoming a reliable tool in the forex market. This advisor is highly appreciated by the community in many aspects and has won the trust of users.

➡️ Victor deSouza (2023.08.29): "Excellent EA. Safe and author very helpful. Recommended."

➡️ Reviewed by David Easton

Product Download Package?

The download package of the product suite includes:

1. Experts:

✅ Algo Gold EA_fix.ex4

2. SetFiles:

✅ 100.set
✅ 100__1.set
✅ 100__2.set
✅ 1k.set
✅ 1000.set
✅ 1000__1.set
✅ 1000__2.set
✅ algo_gold_ea.set
✅ Algo_Gold_EA_100balance.set
✅ Algo_Gold_EA_100ebalance.set
✅ Algo_Gold_EA_100balance__1.set
✅ Algo_Gold_EA_1000_balance_.set
✅ Algo_Gold_EA_1000_balance.set
✅ Algo_Gold_EA_1000_balance__1.set
✅ Algo_Gold_EA_10000_balance.set
✅ Algo_Gold_EA_20000_balance.set

Conclusion

In short, Algo Gold EA for MT4 delivers a strategic blend of low-risk scalping, proportional lot sizing, and automated profit control tailored specifically for XAUUSD. Operating on the H4 timeframe, it ensures balanced signal accuracy while minimizing drawdown. With smart halt-and-resume features, strong community trust, and consistent performance, Algo Gold EA stands out as a reliable, controlled, and profit-focused trading solution built for long-term success.

Questions about Algo Gold EA MT4

ChatGPT đã nói: ❓ What trading platform and instrument is Algo Gold EA optimized for?

✅ Algo Gold EA is specifically optimized for MetaTrader 4 (MT4) and designed to trade the XAUUSD (Gold) currency pair on the H4 timeframe.

❓ What is the core trading strategy used by Algo Gold EA?

✅ Algo Gold EA uses a Dynamic Scalping strategy with Proportional Risk Management, focusing on minimizing drawdown and executing trades based on H4 signals for balanced precision and safety.

❓ How does Algo Gold EA manage risk and drawdown?

✅ It utilizes dynamic lot sizing, profit halting triggers, and equity/profit exit features to minimize drawdown and protect account balance by stopping or closing trades at pre-set profit levels

❓ Can Algo Gold EA automatically stop trading after reaching profit targets?

✅ Yes. Algo Gold EA includes Auto Profit Halt and Equity/Profit Exit, allowing it to automatically stop trading and close positions when profit goals are achieved.

❓ What is the recommended account balance and lot size configuration?

✅ For optimal performance, the minimum recommended deposit is $1,000, and the EA uses 0.01 lot per every $1000 increase in account balance.

❓ Is Algo Gold EA suitable for beginners and non-technical traders?

✅ Yes. It is designed with user-friendly features, making it a reliable solution for both new and professional traders, with automated risk management and minimal manual intervention.

❓ Does Algo Gold EA use Martingale or Grid strategies?

✅ No. Algo Gold EA focuses on low-risk scalping with proportional lot sizing, avoiding risky Martingale or Grid methods.

❓ Can I pause and resume trading manually using Algo Gold EA?

✅ Absolutely. The EA allows users to pause trading after profit targets are reached and resume from its initial stage whenever desired.

❓ What makes Algo Gold EA a reliable and consistent choice?

✅ Its scalping precision, automated profit protection, and minimal drawdown approach deliver consistent results in both demo and live environments.