SFire Gold EA MT4 (Official version) | Unbounded

Product Overview

SFire Gold EA MT4 is an automated Expert Advisor (EA) for MetaTrader 4 (MT4) that uses a grid-based trading strategy combined with dynamic lot sizing, grid recovery, spike detection, and configurable trade-management tools.

The EA places buy and sell trades at predefined price intervals, with grid levels adjusted according to its settings and market conditions. It also includes risk profiles, stop-loss and take-profit controls, trailing stops, breakeven functionality, and profit-and-loss management for buy and sell positions.

One of its main features is grid recovery, which is designed to manage losing positions through additional trades according to configured rules. The EA also provides on-chart buttons for manual trading actions, including opening buy or sell positions and closing trades.

The provider recommends running SFire Gold EA MT4 on a 20,000-cent account and offers a settings file. This is a provider recommendation, not a guarantee that the account size will be sufficient for every configuration or market condition. Cent-account specifications and the EA’s lot calculations should be verified with the broker before trading.

SFire Gold EA MT4 may appeal to traders who want configurable grid automation and direct control over trade management. However, grid recovery and increasing lot sizes can create substantial exposure during prolonged market trends. Careful testing and conservative settings are essential.

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About the Developer

• Author: Jacques Scholtz Fourie
  
• Experience: Over 6 years of experience on MQL5.
  
• Notable Products: SFire Gold EA MT4 and other advisors.
• Flagship Product: SFire Gold EA MT4 is rated as the best performing product of the year.

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

Reviewed by Jason Stap <<<

SFire Gold EA MT4 Overview

Key Features of SFire Gold EA MT4

1. Grid Trading Strategy

SFire Gold EA MT4 uses a grid-based approach to place buy and sell trades at predefined price intervals.

The EA can adjust grid levels according to configured parameters and market conditions. This approach aims to manage multiple entries across different price levels rather than relying on a single entry point.

Grid strategies can perform differently in ranging and trending markets. During a sustained one-directional move, multiple positions may accumulate and generate significant floating losses.

2. Dynamic Lot Sizing

The EA calculates lot sizes according to the account balance and selected risk settings, while respecting broker-defined minimum and maximum lot limits.

It also includes a DYNAMIC_MAX_LOT scaling mechanism intended to increase lot sizes as the account balance grows.

Although dynamic sizing can help adapt position sizes to account changes, increasing lots may also amplify losses. Users should confirm whether lot calculations are based on balance, equity, available margin, or another measure before enabling the feature.

3. Multiple Risk Profiles

SFire Gold EA MT4 offers several risk profiles:

• Extra Low
• Low
• Medium
• High
• Extra High

These options allow traders to choose different levels of exposure according to their risk tolerance.

The precise risk associated with each profile depends on the EA’s internal calculations and other parameters, including grid spacing, lot multipliers, and maximum trade limits. A lower profile should be tested first, particularly on a new broker account.

4. Stop-Loss and Take-Profit Management

The EA supports stop-loss and take-profit settings to define trade exit levels.

These controls can help establish predefined exit conditions, but their effectiveness depends on how they interact with grid recovery and the EA’s overall position-management rules.

Traders should verify whether stops and targets apply to individual trades, the entire grid, or combined buy and sell positions.

5. Trailing Stop and Breakeven

SFire Gold EA MT4 includes trailing-stop and breakeven mechanisms.

A trailing stop can adjust a protective level as a position moves favorably, while breakeven functionality can move a stop toward the entry price once specified conditions are met.

These features may help manage individual trades, but they do not guarantee a profitable exit. Market gaps, slippage, and execution delays can affect the final result.

6. Spike Detection

The EA includes a spike-detection feature that identifies sudden price movements and can execute buy or sell trades according to the direction of the spike.

Internal flags are used to help prevent repeated entries during a detected spike.

Sudden price movements can reflect temporary volatility, news releases, or the beginning of a broader trend. Spike-based entries may therefore be exposed to rapid reversals, spread widening, and slippage.

7. Grid Recovery Mode

Grid recovery is designed to manage losing trades by opening additional positions according to the configured grid and recovery rules.

The EA also limits the number of trades opened at the maximum lot size, which is intended to restrict one aspect of position accumulation.

However, limiting maximum-lot trades does not eliminate the risks of grid recovery. If price continues moving against the accumulated positions, floating losses and margin usage can increase substantially.

8. Manual Trading Buttons

The EA provides on-chart controls for manual actions, including:

• Opening buy trades.
• Opening sell trades.
• Adjusting lot sizes.
• Closing all trades.

These controls allow traders to intervene without navigating through multiple MT4 menus. Users should understand exactly which positions and orders are affected by each button before using it on a live account.

9. Combined Profit and Loss Management

SFire Gold EA MT4 tracks profit and loss for buy and sell trades and includes overlap logic that can close trades when specified profit or loss thresholds are reached.

This functionality is intended to coordinate trade management across multiple positions. The exact closing conditions, threshold calculations, and treatment of commissions and swaps should be confirmed in the settings documentation.

10. Customizable Trading Parameters

The EA offers configurable inputs for parameters such as grid step size, lot multipliers, risk profiles, and other trade-management rules.

This flexibility allows traders to test different configurations. However, changing several parameters at once can make it difficult to determine which settings are responsible for changes in performance.

How It Works

SFire Gold EA MT4 combines grid entries, dynamic lot sizing, spike detection, and recovery management within one automated trading system.

A typical operating process may include the following stages:

1. Initial trade placement: The EA opens buy or sell positions according to its programmed conditions.
2. Grid management: Additional entries may be placed at predefined price intervals as the market moves.
3. Position sizing: Lot sizes are calculated using the configured risk profile, account information, and dynamic scaling rules.
4. Spike detection: When qualifying sudden price movements are detected, the EA may initiate a trade in the relevant direction while using flags to limit repeated entries.
5. Recovery management: If positions move into loss, the grid recovery mechanism manages additional trades according to its configured rules.
6. Trade protection: Stop-loss, take-profit, trailing-stop, and breakeven settings help control exits where applicable.
7. Profit-and-loss evaluation: The EA monitors buy and sell positions and may close trades when configured profit or loss thresholds are reached.
8. Manual intervention: The trader can use on-chart buttons for supported actions, including closing all trades.

The exact entry conditions, grid spacing formulas, recovery sequence, and relationship between individual trade exits and basket-level closing rules are not fully detailed in the supplied description. Review the settings file and provider documentation before live deployment.

Why Choose SFire Gold EA MT4?

Automated Grid Management

The EA automates the placement and management of trades at predefined price intervals. This can reduce the need to place every grid order manually.

Flexible Position Sizing

Dynamic lot sizing and multiple risk profiles allow traders to configure exposure according to their preferences. The DYNAMIC_MAX_LOT mechanism also provides a way to adjust the maximum lot as the account balance changes.

Multiple Trade-Management Tools

Stop-loss, take-profit, trailing-stop, and breakeven features provide several ways to manage positions. Combined profit-and-loss logic adds another layer of control over groups of trades.

Spike Detection

The spike-detection feature gives the EA an additional mechanism for responding to sudden price movements. However, its effectiveness depends on the detection logic and execution conditions.

Recovery Functionality

Grid recovery provides a structured mechanism for handling losing positions according to predefined rules. It may help manage certain price patterns, but it can also increase exposure when the market continues moving against the grid.

Convenient Manual Controls

On-chart buttons make it possible to open trades, adjust lot sizes, and close positions directly from the chart.

Customizable Settings

Users can adjust grid steps, lot multipliers, risk levels, and other parameters. The provider also offers a settings file, which may simplify initial configuration when its assumptions match the user’s broker and account.

SFire Gold EA MT4 Backtest Results

🔺XAUUSD (Gold) pair – 1 months

• Initial Deposit: $30,000
• Total Net Profit: $121.222,42
• Win Rate: 65,56%
• Maximum Drawdown: 21,54%

SFire Gold EA MT4 backtets

Risk Management & Alerts

Risk management is particularly important for SFire Gold EA MT4 because grid entries, dynamic lot scaling, and recovery trading can increase the number and size of open positions.

Understand grid risk. Grid trading does not remove market risk. During a prolonged one-directional move, multiple positions may accumulate on the losing side, causing floating losses and margin usage to rise.

Use the lowest practical risk profile initially. Start with Extra Low or Low settings and test the EA on a demo account. Do not assume that the provider’s suggested account size makes every risk profile safe.

Verify the 20,000-cent account recommendation. Confirm the broker’s cent-account denomination, contract specifications, minimum lot, margin requirements, and whether the EA correctly interprets the account balance. A displayed cent balance is not equivalent to the same numerical amount in a standard account.

Check dynamic lot scaling. Understand how DYNAMIC_MAX_LOT changes position sizes as the balance grows. Confirm the maximum permitted lot and whether total open exposure is capped independently.

Review grid recovery rules. Determine when recovery activates, how additional orders are sized, what stops the recovery sequence, and whether the EA has a maximum number of open trades or a portfolio-level loss limit.

Test stop-loss behavior across the grid. Confirm whether stop-loss settings apply per position or to the overall basket. A stop-loss setting does not guarantee that the EA will close all accumulated positions at the intended combined loss.

Monitor margin and equity. Track free margin, margin level, floating drawdown, and total open lots. A grid can face a margin call before a recovery sequence has an opportunity to close profitably.

Exercise caution with spike trading. News releases and sudden market movements can produce wider spreads, rapid reversals, and slippage. Test the spike-detection feature under different volatility conditions.

Understand the close-all button. Confirm whether it closes only market positions or also deletes pending orders. Manual intervention should be deliberate, particularly when several grid positions are open.

Use realistic testing conditions. Backtests and demo forward tests should account for spreads, commissions, swaps, and execution delays. Evaluate prolonged trending periods as well as ranging markets.

Avoid relying on recovery as a guarantee. No recovery method can guarantee that losses will be recovered. If the market continues moving against the grid, the account may experience substantial losses.

Pros and Cons

Pros

• Automated grid-based trading.
• Dynamic lot sizing based on account information and risk settings.
• Multiple risk profiles from Extra Low to Extra High.
• Configurable grid spacing and lot multipliers.
• Stop-loss and take-profit support.
• Trailing-stop and breakeven mechanisms.
• Spike detection with flags intended to prevent repeated entries.
• Grid recovery functionality.
• Maximum-lot trade limits.
• Combined buy-side and sell-side profit-and-loss tracking.
• On-chart manual trading buttons.
• Customizable parameters and a provider-supplied settings file.

Cons

• Grid recovery can accumulate substantial floating losses.
• Dynamic lot scaling can increase exposure as the account grows.
• Maximum-lot trade limits do not eliminate overall portfolio risk.
• Sudden price movements can trigger poor entries or slippage.
• Prolonged trends can be unfavorable for grid-based strategies.
• The precise recovery logic and exit rules are not fully specified.
• The recommended 20,000-cent account size does not guarantee adequate margin.
• No verified backtest statistics or live performance results were supplied.
• Requires ongoing monitoring of margin, equity, and open positions.

How to Install SFire Gold EA MT4

Follow these general steps to install SFire Gold EA MT4:

1. Obtain the EA files: Download the Expert Advisor and settings file from the provider.
2. Open MetaTrader 4: Launch the MT4 desktop application.
3. Open the data folder: Select File → Open Data Folder.
4. Copy the EA file: Navigate to MQL4 → Experts and place the supplied EA file in the folder.
5. Copy any required supporting files: Follow the provider’s instructions for any indicators or other dependencies.
6. Refresh MT4: Return to the platform, open the Navigator panel, and refresh the Expert Advisors list. Restart MT4 if needed.
7. Open the appropriate chart: Select the instrument recommended by the provider and confirm its symbol specifications with your broker.
8. Attach the EA: Drag SFire Gold EA MT4 onto the chart and enable automated trading as required.
9. Load the settings file: Import the supplied preset if available, then verify the grid step, lot multipliers, risk profile, maximum lots, and recovery parameters.
10. Check account compatibility: Confirm the EA’s lot calculations and margin requirements on the intended cent or standard account.
11. Run demo tests: Monitor grid behavior, recovery activity, floating drawdown, and margin usage before considering live deployment.

The provider offers a settings file and recommends a 20,000-cent account. Confirm that the supplied preset is intended for your broker, account denomination, leverage, and instrument specifications before using it.

What’s Included in the Download Package?

• Experts:  SFire Gold EA.ex4

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Final Thoughts

SFire Gold EA MT4 is a grid-based Expert Advisor that combines dynamic lot sizing, spike detection, recovery trading, and configurable position-management tools. Its on-chart controls and customizable settings give traders several ways to manage automated and manual trading activity within MT4.

The main attraction is its range of grid and recovery features. However, these same mechanisms can increase risk when markets move persistently against open positions. Dynamic lot scaling and recovery trading should not be interpreted as guarantees of loss recovery or account protection.

The provider recommends a 20,000-cent account and supplies a settings file, but the suitability of that configuration depends on the broker, account denomination, leverage, and selected risk parameters.

Before using SFire Gold EA MT4 with real money, test the supplied settings on a demo account, verify how grid recovery and basket exits operate, and monitor equity drawdown and margin usage closely.

Important: Grid trading can lead to substantial losses, particularly during prolonged trends or sudden market shocks. Past or expected performance does not guarantee future results. Only trade with capital you can afford to lose.