GOLD EAgle MT4 v4.9 with SetFiles (Platform build 1443+)
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Outstanding Advantages
🔹Accurate backtesting: Use the opening price or OCHL 1M data for backtesting, as the EA operates on the opening price.
🔹Money management: Implement sound money management practices, including appropriate position sizing, to minimize risk.
🔹Activate news filter: Activate the news filter to pause trading during important news events.
🔹Higher timeframe filtering: The EA uses higher timeframe filters to prevent entry into strong trends that may conflict with M15 timeframe signals.
User Reviews
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❓ What is GOLD EAgle MT4 and how does it work?
GOLD EAgle is an automated swing and trend-scalping Expert Advisor designed specifically for trading XAUUSD (Gold) on the M5 timeframe. It identifies entry points using the TrendLine PRO indicator and manages trades automatically with smart averaging and dynamic take-profit adjustments to maximize returns during flat market conditions (which occur about 80–90% of the time).
❓ Does GOLD EAgle use Martingale or Grid strategies?
GOLD EAgle doesn’t use aggressive Martingale or grid multipliers. Instead, it employs a controlled averaging method: when the price reverses before reaching Take Profit, the EA opens an additional order to average the position and bring the combined TP closer to the entry price — reducing drawdown risk while improving trade recovery efficiency.
❓ What are the key advantages of using GOLD EAgle?
✅ Trades almost every day, capturing consistent profits in flat markets.
✅ Compatible with other EAs and manual trading systems.
✅ Includes a manual trading panel, allowing users to open trades themselves.
✅ All manual trades are automatically managed and closed by the EA.
❓ How do I install and set up GOLD EAgle properly?
✅ Attach the EA to an XAUUSD M5 chart.
✅ Enable AutoTrading in both the EA and MT4 terminal.
✅ For the news filter, add the specified URL in your MT4 settings
✅ Use a stable VPS connection for uninterrupted performance.
✅ Recommended account type: Hedging, with leverage 1:200 or higher and a minimum deposit of $100.
❓ How can I test GOLD EAgle before using it live?
Before running a backtest:
✅ Ensure your MT4 has complete XAUUSD historical data.
✅ Use “Open prices only” or 1-minute OHLC mode for faster tests.
✅ Disable “Show Panel”, “Calculate Profit”, and “Show BreakEven Line” for better testing speed.
✅ Keep default settings optimized for the M5 timeframe.
❓ How does GOLD EAgle handle strong market movements or news events?
The EA includes two key protections:
✅ Higher Time Frame Filter – ensures that trades are only opened when both the current and higher timeframe trends align.
✅ News Filter – automatically pauses trading before and after major economic news releases to avoid volatile market spikes.
❓ What trading frequency and profit potential can I expect?
GOLD EAgle typically trades daily or almost daily, depending on market conditions. As a swing-based scalper, it aims for steady, low-risk gains rather than explosive profits. Results may vary, but applying proper money management and recommended settings helps maintain consistent equity growth.
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