Golden Eclipse MT4 (Official version) | Unbounded

Product Overview

Golden Eclipse MT4 is an automated Gold Trading Expert Advisor designed for MetaTrader 5 (MT5) and MetaTrader 4 (MT4). Specially developed for the XAUUSD (Gold) market, this advanced grid trading EA adapts its trading distances and exit parameters to changing market volatility.

Unlike traditional grid systems that rely on fixed pip distances, Golden Eclipse MT4 measures daily market volatility to dynamically adjust grid spacing, trailing start levels, and trailing distances. This adaptive approach allows the EA to respond to different gold market conditions, widening its trading intervals during periods of high volatility and tightening them when market activity decreases.

The EA also incorporates a daily market regime filter that classifies market conditions as bullish, ranging, or bearish. Based on this classification, it determines when to initiate new buy or sell baskets while continuing to manage existing positions.

With configurable risk controls, basket stop-loss protection, margin checks, trading schedules, and an optional economic calendar news filter on MT5, Golden Eclipse MT4 provides a flexible framework for automated XAUUSD grid trading.

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About the Developer

• Author: Takafumi Morishita
  
• Experience: Over 3 years of experience on MQL5.
  
• Notable Products:  Golden Eclipse MT4, Dual Aurora MT4, Glacier Crown MT5 and other advisors.
• Flagship Product: Golden Eclipse 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 <<<

Key Features of Golden Eclipse MT4

1. Volatility-Adaptive Grid Trading

Golden Eclipse MT4 uses daily volatility measurements to adjust its grid trading parameters dynamically. Instead of relying on permanently fixed distances, the EA scales its step distance, trailing start, and trailing distance according to market volatility.

This design aims to make the grid more responsive to changing XAUUSD price behavior.

2. Daily Market Regime Filter

The built-in market regime filter classifies the daily market environment into three conditions:

• Uptrend: Allows new buy baskets.
• Range Market: Allows new buy baskets.
• Downtrend: Allows new sell baskets.

Existing baskets continue to be managed regardless of the current regime classification. This directional filtering helps define when the EA may initiate new trading baskets.

3. Dynamic Trailing Exit System

The EA adjusts its trailing start and trailing distance using volatility-based multipliers. These parameters help determine when basket trailing management begins and how the exit level follows favorable price movement.

By adapting exit distances to market conditions, Golden Eclipse MT4 aims to balance profit capture with the changing price fluctuations of gold.

4. Configurable Grid and Position Limits

Traders can customize the initial lot size, maximum number of positions per side, lot pattern, and other grid parameters. The default maximum is 10 positions per side, allowing the maximum number of grid positions to be defined in advance.

5. Optional Economic Calendar News Filter

The MT5 version includes an optional live-trading news filter that uses the MetaTrader economic calendar to pause the opening of new baskets around important economic releases.

Users can configure the relevant currency, news importance, and pause duration. The feature is disabled by default and is not available in the MT4 version or during Strategy Tester backtests.

6. Built-In Risk Management Controls

Golden Eclipse MT4 includes several configurable safeguards designed to manage exposure and trading activity:

• Basket stop-loss based on account balance.
• Maximum position limits for each trading side.
• Averaging pauses during strong adverse trends.
• Free-margin checks before order placement.
• Maximum spread and slippage settings.
• Trading-hour and trading-day restrictions.
• Post-midnight trading pause.
• Configurable no-entry days of the month.

These controls help establish clear trading boundaries, although they cannot eliminate market risk or guarantee that losses will remain within expected limits during all market conditions.

7. MT4 and MT5 Compatibility

Golden Eclipse MT4 is available for MetaTrader 4 and MetaTrader 5, providing access to its core volatility-adaptive grid trading logic across both platforms.

The MT5 version is designed for hedging accounts. On netting accounts, it operates in single-position mode without averaging. The economic calendar news filter is available only in the MT5 live-trading version.

How It Works

Golden Eclipse MT4 combines volatility analysis, daily market classification, grid position management, and basket exit controls in an automated trading process.

Step 1: Measure Daily Gold Volatility

The EA evaluates daily volatility to determine suitable distances for grid entries and trailing exits. When volatility increases, the relevant distances expand. When volatility decreases, they contract according to the configured multipliers.

Step 2: Identify the Daily Market Regime

The EA classifies the daily market as an uptrend, ranging market, or downtrend. It uses this classification to determine which direction is permitted for new baskets.

New buy baskets are allowed in uptrends and ranging markets, while new sell baskets are allowed only in downtrends.

Step 3: Open and Manage Trading Baskets

When the entry conditions and trading restrictions permit, the EA opens a basket of positions. Additional positions may be opened according to the configured grid logic, position limits, and risk controls.

The EA continuously manages existing baskets, including those that remain open after market conditions change.

Step 4: Adjust Trailing Exits

The EA applies volatility-scaled trailing parameters to manage basket exits. These settings determine when trailing management begins and how the trailing distance adapts to the measured volatility.

Step 5: Apply Risk Controls

Before placing new orders, the EA checks applicable restrictions, including spread limits, available free margin, maximum position counts, and trading schedules.

If the floating loss on one side reaches the default basket stop threshold of 8% of account balance, that side is closed. Averaging also pauses while a strong trend is running against the basket.

Step 6: Apply Optional News and Time Filters

On MT5 live accounts, the optional economic calendar filter can pause new basket entries around important news releases. Configurable trading hours, trading days, and no-entry dates provide additional control over when new positions may be opened.

Why Choose Golden Eclipse MT4?

Adaptive Rather Than Fixed Grid Distances

One of the main challenges of gold grid trading is that XAUUSD volatility can change significantly across different market environments. Golden Eclipse MT4 addresses this challenge by linking its grid and trailing parameters to daily volatility rather than relying exclusively on fixed distances.

Market Direction Filtering

The daily regime filter helps control the direction of new basket entries. By applying different entry permissions to bullish, ranging, and bearish markets, the EA adds a market-classification layer to its grid trading strategy.

Defined Position Limits

The configurable maximum number of positions per side makes it possible to establish an upper limit on grid position count. This provides greater visibility into the intended structure of the trading basket.

However, a position limit alone does not cap monetary losses because exposure also depends on lot sizing, price movement, execution, and account conditions.

Multiple Risk Management Options

The EA combines basket loss thresholds, margin checks, adverse-trend averaging pauses, and trading restrictions. These features give users several parameters to configure before deploying the strategy on a live account.

Flexible Configuration

Users can adjust trading direction, magic number, maximum spread, slippage, volatility multipliers, market regime settings, lot pattern, basket stop, time exit, and other inputs.

This flexibility allows the EA to be evaluated under different broker conditions and trading preferences.

Historical Testing Data

The supplied MT5 backtest covers January 2021 through October 2026, with a reported net profit of $2,301 and a profit factor of 1.44 on a $10,000 initial deposit.

The reported 90.4% win rate should be considered alongside the 14.2% maximum equity drawdown. A high win rate does not necessarily indicate low risk, particularly for grid strategies that may hold losing positions for extended periods.

Golden Eclipse MT4 Backtest Results

🔺XAUUSD (Gold) pair – 6 months

• Initial Deposit: $10,000
• Total Net Profit: $1.454,39
• Win Rate: 91,67%
• Maximum Drawdown: 3,61%

Golden Eclipse MT4 backtets

Risk Management & Alerts

Risk management is an important part of Golden Eclipse MT4 because grid strategies can accumulate exposure when prices move against an existing basket.

Basket Stop-Loss Protection

The default basket stop closes positions on one side when their floating loss reaches 8% of account balance. This mechanism is designed to limit continued exposure from a losing basket.

The threshold is not a guarantee of an exact maximum realized loss. Gaps, slippage, spread changes, and execution delays can cause actual results to differ from the configured level.

Maximum Position Count

The default maximum is 10 positions per side. Users should evaluate the combined exposure of the initial position and subsequent grid entries before selecting their lot size and account balance.

Adverse-Trend Averaging Pause

When a strong trend develops against an open basket, the EA pauses averaging. This helps prevent the strategy from continually adding positions under the specified adverse-trend conditions.

Existing positions may nevertheless continue to experience substantial floating losses.

Free-Margin Check

The EA checks available free margin before submitting an order. If insufficient free margin is available, the order is skipped.

This check helps avoid certain orders that cannot be supported by available margin, but it does not eliminate the possibility of margin calls or stop-outs on existing positions.

Spread, Slippage, and Trading-Time Restrictions

Configurable spread and slippage limits, trading schedules, and no-entry periods help restrict trading under selected conditions.

Gold trading costs vary considerably between brokers, so users should test the EA with their intended broker and account type.

Optional MT5 News Filter

The MT5 version can pause new basket entries around selected economic news events. This is particularly relevant to gold, which can experience rapid price movements around major economic announcements.

The filter is optional, disabled by default, and unavailable in the Strategy Tester. It should not be treated as a guarantee against news-related losses.

Important risk warning: Grid trading can keep losing positions open for extended periods and may close a basket at a loss when its stop threshold is reached. Use appropriate position sizing and only risk capital you can afford to lose.

Pros and Cons

Pros

• Volatility-adaptive grid spacing and trailing exit parameters.
• Daily market regime filter for directional entry control.
• Configurable maximum position count per side.
• Basket stop-loss based on account balance.
• Averaging pause during strong adverse trends.
• Free-margin checks before placing new orders.
• Adjustable spread, slippage, lot sizing, and trading schedules.
• Optional economic calendar news filter for MT5 live trading.
• Compatible with MT4 and MT5, subject to platform-specific limitations.
• Historical backtest data available for evaluating performance and drawdown.

Cons

• Grid trading can accumulate significant floating losses during prolonged adverse price movements.
• The reported maximum equity drawdown of 14.2% demonstrates that the tested strategy experienced meaningful drawdown.
• A high win rate does not prevent occasional large losses or guarantee long-term profitability.
• Basket stops may close positions at a loss and may not execute at the exact configured threshold.
• The MT5 economic calendar news filter is unavailable in MT4 and Strategy Tester backtests.
• MT5 netting accounts operate in single-position mode without averaging.
• Broker spreads, commissions, slippage, and execution conditions can affect live results.
• The strategy requires careful lot sizing, sufficient margin, and ongoing risk monitoring.
• Backtest performance may differ substantially from live trading results.

How to Install GOLDEN ECLIPSE EA

Follow these steps to install and configure Golden Eclipse MT4 on MetaTrader 4 or MetaTrader 5.

Step 1: Download the EA File

Obtain the Golden Eclipse MT4 installation file for your intended platform. Use the MT4 version for MetaTrader 4 or the MT5 version for MetaTrader 5.

Step 2: Open the MetaTrader Data Folder

Launch your trading platform and select File → Open Data Folder.

Step 3: Copy the EA File

For MetaTrader 5, open the MQL5 → Experts directory.

For MetaTrader 4, open the MQL4 → Experts directory.

Copy the EA file into the appropriate Experts folder.

Step 4: Refresh the Navigator

Return to MetaTrader and refresh the Expert Advisors section in the Navigator window. If the EA does not appear, restart the platform.

Step 5: Open the XAUUSD Chart

Open your broker’s Gold trading symbol, usually XAUUSD or GOLD, including any recognized broker-specific suffix. Select the M5 timeframe as the recommended starting configuration.

Step 6: Attach the EA to the Chart

Drag Golden Eclipse MT4 onto the chart. Enable algorithmic or automated trading and configure the EA’s permissions as required by your platform.

Step 7: Configure Trading Parameters

Review the initial lot size, maximum positions per side, basket stop, volatility multipliers, market regime filter, spread limit, slippage, and trading schedule.

The suggested starting lot is 0.01 per $10,000 of account equity or balance as a guide, not a guarantee of suitability. Assess the complete exposure and risk of the strategy before trading.

If using MT5, select a compatible hedging account if you intend to use the full averaging functionality.

Step 8: Backtest and Forward-Test

Use the Strategy Tester to evaluate the EA with historical XAUUSD data, realistic trading costs, and suitable execution assumptions.

After backtesting, consider testing on a demo account under your broker’s actual spread and execution conditions before considering live deployment.

Step 9: Use a VPS for Continuous Operation

A reliable Virtual Private Server (VPS) is recommended if the EA needs to run continuously. Monitor platform connectivity, automated trading status, margin usage, and open baskets regularly.

What’s Included in the Download Package?

• Experts: Golden Eclipse MT4.ex4

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Final Thoughts

Golden Eclipse MT4 is a volatility-adaptive Gold Grid Trading Expert Advisor designed to respond to changing XAUUSD market conditions through dynamic grid distances, daily market regime classification, and volatility-scaled trailing exits.

Its combination of configurable position limits, basket stop-loss protection, adverse-trend averaging pauses, margin checks, and trading-time restrictions provides a structured framework for automated gold trading on MetaTrader 4 and MetaTrader 5.

The supplied MT5 backtest reports a net profit of $2,301, a profit factor of 1.44, and a 90.4% win rate over the period from January 2021 to October 2026. However, the reported maximum equity drawdown of 14.2% highlights the importance of understanding the strategy’s risk profile rather than evaluating performance by win rate alone.

For traders considering an automated XAUUSD grid strategy, Golden Eclipse MT4 offers a configurable approach to volatility-based trade spacing and basket management. Before using it on a live account, verify broker compatibility, test realistic trading costs, select conservative position sizing, and evaluate how the EA behaves during prolonged gold trends and high-volatility events.

Disclaimer: Golden Eclipse MT4 is a trading software tool, not a guarantee of profit. Forex and gold trading involve substantial risk, and you may lose some or all of your trading capital. Backtest results are historical simulations and do not guarantee future performance. Always conduct independent testing and use only money you can afford to lose.