Gold Hunt EA MT4 & MT5 + SetFiles (Original version)

What is Gold Hunt EA?

Gold Hunt EA is an automated trading tool tailored for forex enthusiasts, particularly those venturing into the realm of XAUUSD (Gold) trading. EAs, or Expert Advisors (EA), serve as trading software designed to streamline trading operations, thereby alleviating the emotional strain often associated with trading. Novice traders commonly grapple with the daunting learning curve and potential losses stemming from their lack of experience, making tools like Gold Hunt EA invaluable aids in their journey.

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Key Features of Gold Hunt EA

🔹Hedging Strategy: Uses active hedging logic, allowing the EA to open counter trades when the price moves against the position.
🔹Powerful Trend Filtering: Uses long-term EMA to confirm the trend, ensuring trades are in line with the main market trend, helping to improve entry accuracy and filter out market noise.
🔹Scalping Method: Designed with a strict target on monetary profit for closed trades or groups of orders, indicating Scalping or Frequent-Close strategy.
🔹Fixed Lot Size: Ensures stable trading volume and low initial risk for each position.

Additional Features

🔹Additional Lot: Includes a parameter, which can be an additional lot in a grid or martingale setup, but still in a low-risk context.
🔹XAUUSD Specific: Designed and optimized specifically for Gold (XAUUSD) trading.
🔹Prefer ECN/Raw-spread accounts: Ideal for high volume trading platforms, low spreads like ECN or raw-spread accounts to optimize performance.

Gold Hunt MT4 Review

🔹Gold Hunt EA is a conservatively tuned Expert Advisor for trading XAUUSD on the M15 timeframe. With a profit factor of 1.42 and drawdown under 15%, it offers a moderate but stable profit margin. Although the win rate is below 40%, the EA appears to use a controlled and strategic approach, emphasizing balance between reward and risk.

✅ Symbol: XAUUSD (Gold vs US Dollar)
✅ Timeframe: M15 (15 Minutes)
✅ Testing Period: January 1, 2024 – June 14, 2024
✅ Initial Deposit: $1,000
✅ Total Net Profit: $3,116.37
✅ Maximal Drawdown (Equity): 14.83%

Gold Hunt EA MT4 Reviews

🔹Gold Hunt EA for MT4, when tested on the H1 XAUUSD timeframe, delivers a solid balance between profitability and risk control. With a profit factor of 1.48, 70%+ win rate, and moderate drawdown of 20%.

✅ Backtest Period: August 1, 2023 – December 31, 2023
✅ Initial Deposit: $3,000
✅ Total Net Profit: $1,805
✅ Maximal Drawdown (Equity): 20.09%

GOLD HUNT MT4 Review

🔹Tested over five months, it showed an average net profit factor of $2,225.70 on a $5,000 deposit. With a relative drawdown of 24.64%, the system is medium risk oriented, best suited for traders looking for steady returns but able to handle occasional drawdowns.

✅ Backtest Period: August 1, 2023 – December 31, 2023
✅ Initial Deposit: $5,000
✅ Total Net Profit: $2,225.70
✅ Maximal Drawdown (Equity): 24.64%

GOLD HUNT MT4 Review

Why Use Gold Hunt EA?

🔹Low-Risk Entry & Capital Preservation: The fixed small lot size (0.01) ensures low initial risk per trade, making it beginner-friendly and safer, especially during volatile market conditions.
🔹Enhanced Drawdown Management: The active hedging logic with precise distance parameters helps to reduce floating drawdown and improve win probability, particularly in ranging markets.
🔹Improved Trade Accuracy: The strong trend filtering via EMA 200 ensures trades are aligned with the dominant market direction, leading to more accurate entries and a higher chance of success.
🔹Consistent Small Gains: Its tight profit target and scalping style are optimal for securing consistent small profits from many trades, which can accumulate into significant gains over time.
🔹Automated & Diversifiable: Provides an automated solution for low-lot scalping and is an excellent tool for portfolio diversifiers seeking a low-risk, trend-aligned automated strategy in the Gold market.

Recommended settings

Recommended settings and parameters to pay attention to from developers and experts:

>>> Reviewed by David Easton

Product Download Package?

The download package of the product suite includes:

1. Experts:

✅ MT4: Gold Hunt EA_fix.ex4
✅ MT5: Gold Hunt EA v4.1_fix.ex5

2. Presets:

✅ XAUUSD 3000$ DD20%.set
✅ XAUUSD 5000$ DD12%.set
✅ Gold 1000$_M15 _DD15%.set
✅ Gold 1000$_M30 _DD15%.set

Conclusion

In short, Gold Hunt EA is a carefully engineered Expert Advisor tailored specifically for XAUUSD (Gold) trading on MetaTrader 4 & 5, offering a powerful blend of trend-following, scalping, and hedging strategies. Designed with both novice and experienced traders in mind, it emphasizes capital preservation, low-risk entry, and consistent small gains. The EA’s use of EMA trend filtering, fixed lot sizes, and hedging logic provides robust control over trade accuracy and drawdown management, making it particularly effective during sideways or volatile market conditions.