Gold or MT4 v1.10 Unbounded | Available

What is Gold or MT4?

Gold on MT4 is a professional Expert Advisor (EA) for trading gold (XAUUSD) built specifically for MetaTrader 4. This EA uses a combination of three indicators—including a custom indicator developed for gold—along with RSI and MACD to identify high-probability trend-following entry points. It follows market momentum rather than counter-trend trading, confirming direction and strength before placing orders. Designed for scalping and automated trend-following trading on gold, it helps traders seize opportunities while maintaining disciplined risk management.

Vendor website 

About the Developer

• Author: Ebrahim Mohamed Ahmed Maiyas
• Experience: Over +1 years of experience on MQL5.
• Notable Products: Gold or MT4, Level Up FOREX EA MT4, GOLD Dahab MT4, GOLD Dahab MT5, BTC Pro MT5 and other advisors.
• Flagship Product: Gold or 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).

Gold or MT4 Overview

Main Features of Gold or MT4

• Custom Gold Indicator predicts market direction using color-based signals for buy or sell trades
• RSI-Based Momentum Entry uses RSI 30–50 for sell and 50–70 for buy to trade with trend strength
• MACD Trend Confirmation filters weak signals and confirms continuation momentum
• Rule-Based Expert Logic combines all indicators to generate precise buy and sell setups
• Automated Trade Execution without manual intervention once conditions are met
• Optimized for XAUUSD (Gold) and H1 timeframe as recommended by the developer
• Designed for MT4 for seamless integration with popular brokers and VPS hosting

Additional Features

• Configurable Indicator Settings allowing full control over entry conditions
• Flexible Risk Modes including fixed lot, % of equity, balance, free margin, or credit
• Advanced Trailing Stop Function to secure profits as price moves favorably
• Equity Drawdown Protection stops trading once risk limits are reached
• Multiple Stop-Loss Types including swing, average range, max range, and fixed points
• Take Profit Multiplier Setting TP calculated as a coefficient of SL distance
• 24/7 Operation via VPS recommended for nonstop automated trading

Why Choose Gold on MT4?

• Specifically engineered for gold trading using a custom-built indicator
• Trades with market momentum instead of against it for higher probability setups
• Strong trend confirmation using both RSI and MACD together
• Powerful risk-management tools built directly into the EA settings
• Highly customizable strategy parameters for different trading styles
• Ideal for automated MT4 trading—hands-free operation once configured

Gold or MT4 Backtest Results

🔺XAUUSD – 12 months

• Initial Deposit: $100,000
• Total Net Profit: $408,814
• Win Rate (% of total): 68.57%
• Maximum Drawdown: 1.61%

Gold or MT4 Backtests

What’s Included in the Download Package?

• Experts: Gold or MT4 v1.10_fix.ex4

>>> Join VIP Membership Now <<<

How To Set Up EA

🔺The Gold or MT4 Expert Advisor is a powerful automated trading solution for XAUUSD, combining MACD + RSI strategies, strict risk control, and customizable parameters. With the correct setup, it can be suitable for both beginners and experienced traders.

setting

1. Platform & Chart Requirements

🔺Before attaching the EA, ensure the following:

• Platform: MetaTrader 4 (MT4)
• Symbol: XAUUSD (Gold)
• Timeframe: M15 or M30 (recommended)
• Allow Algo Trading: Enabled
• AutoTrading Button: ON

2. Risk Management Settings

🔺These settings control lot size and account protection.

• Risk (lot): 0.1
  → Fixed lot size per trade
• Risk Mode: Fixed Volume
  → The EA trades a constant lot size regardless of balance

👉 Tip: Beginners should not exceed 0.01–0.1 lots per $1,000 balance.

3. Stop Loss & Take Profit Configuration

• SL Type: Fixed Points
• SL Deviation (Points): 2000
  → Stop Loss distance (200 points = 20 pips on Gold)
• TP is coefficient for SL: 1.0
  → Take Profit equals Stop Loss (Risk:Reward = 1:1)
• Margin Limit (%): 300
  → EA stops opening new trades if margin level is below 300%
• Spread Limit (Points): -1
  → Spread filter disabled (recommended for Gold)

4. Order Execution & Safety Settings

• Slippage (Points): 30
  → Protects against high slippage during volatility
• Magic Number: 123456
  → Unique identifier for EA trades
• Order Filling: Default

5. Signal Display Settings (Optional)

• Signal Size: 1000
• Buy Signal Color: Blue
• Sell Signal Color: Red
• Signal Transparency: 200

🔺These settings affect visual signals only and do not impact performance.

6. MACD Indicator Settings

🔺The EA uses MACD for trend confirmation.

• MACD Fast EMA: 12
• MACD Slow EMA: 26
• MACD Signal SMA: 9
• Applied Price: 0 (Close Price)

👉 These are standard MACD settings, optimized for Gold trading.

7. RSI Indicator Settings

🔺RSI is used to filter overbought and oversold conditions.

• RSI Period: 14

◾️Buy Conditions (RSI):

• Minimum Buy Level: 50
• Maximum Buy Level: 70

◾️Sell Conditions (RSI):

• Maximum Sell Level: 50
• Minimum Sell Level: 30

👉 This logic allows the EA to trade with trend momentum, not against it.

8. Recommended Broker & Trading Conditions

🔺For best results with Gold or MT4 EA, use:

• Low spread broker
• ECN or Raw account
• Minimum leverage: 1:200
• VPS recommended (24/7 trading stability)

9. Final Checklist Before Running the EA

✅ AutoTrading enabled
✅ Correct lot size selected
✅ Attached to XAUUSD chart
✅ Timeframe M15 or M30
✅ Stable internet or VPS

🔺Click OK and allow the EA to trade automatically.

Conclusion

In summary, Gold or MT4 is a specialized Expert Advisor designed exclusively for trading XAUUSD on MetaTrader 4, combining a custom gold indicator with RSI and MACD to deliver precise, momentum-based entries. By trading with the prevailing trend instead of counter-trend setups, it focuses on higher-probability signals while maintaining disciplined risk control through stop-loss protection, equity drawdown limits, and flexible risk modes. Optimized for automated gold trading on MT4 and compatible with VPS hosting, it offers hands-free operation for both beginners and advanced traders seeking consistent performance in the gold market. If you are looking for a professional, customizable EA built specifically for gold, Gold or MT4 provides a powerful solution for trend-following and scalping strategies on XAUUSD.

>>> Reviewed by Jason Stap <<<