Golden Shine EA MT4 v1.01 (Official version 1455+)

What is Golden Shine EA MT4?

Golden Shine EA is a fully automated trading system developed for high-speed scalping, with a primary focus on Gold (XAUUSD). The EA uses a precise pending order strategy based on recent high and low price levels to capture strong momentum moves, while maintaining strict risk control and broker-friendly execution suitable for both retail traders and prop firm environments.

Vendor website

About the Developer

• Author: Sugianto.
• Experience: Over +10 years of experience on MQL5.
• Notable Products: Golden Shine MT4, Golden Shine MT5, SouthEast EA MT4, Omni Gold MT5, SouthEast and others.
• Flagship Product: Golden Shine EA MT4 is rated as the best performing product of the year.

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Golden Shine EA MT4 Overview

Core Features of Golden Shine EA MT4

• Pending Order Scalping Strategy: Uses recent high and low levels to place precise pending orders.
• Momentum-Based Entries: Designed to capture fast and strong price movements in volatile markets.
• Gold-Optimized Logic: Specifically tuned for XAUUSD price behavior and intraday volatility.
• No High-Risk Techniques: Avoids grid trading, martingale, and multiple simultaneous positions.
• Strict Stop Loss Protection: Every trade is secured with a predefined Stop Loss.
• Fully Automated Execution: Handles entries, exits, Stop Loss, and Take Profit automatically.
• Fast Order Handling: Optimized for speed and accuracy in scalping conditions.

Additional Features

• Flexible Lot Sizing Models: Supports fixed lot size, fixed money value, and percentage risk per trade.
• Optional Recovery Factor: Configurable recovery option for controlled risk adjustment after losses.
• Virtual Stop Loss & Take Profit: Hides SL and TP levels from brokers for added execution protection.
• Advanced Trailing Stop System: Locks in profits as price moves in favor of the trade.
• Break-Even Functionality: Automatically secures trades once a defined profit level is reached.
• Trading Time Control: Allows full control over trading days and hours.
• Low Resource Usage: Runs efficiently alongside other Expert Advisors.

Why Choose Golden Shine EA MT4?

• High Capital Protection: Enforces strict Stop Loss rules on every trade with no risky strategies.
• Precision Entry Logic: Uses pending orders on key price levels for optimal timing.
• Beginner to Advanced Friendly: Easy to configure while offering advanced customization options.
• Prop Firm Ready: Designed to comply with most risk-based prop firm rules.
• Broker-Friendly Execution: Avoids suspicious trading patterns and hidden risk techniques.
• Built for Consistency: Focuses on disciplined, repeatable scalping performance rather than overtrading.

Golden Shine EA MT4 Backtest Results

• Initial Deposit: $3,000
• Total Net Profit: $11,679,812.51
• Win Rate: 69.90%
• Maximum Drawdown: 1.53%

Golden Shine MT4 Backtes

What’s Included in the Download Package?

• Experts:
  • Golden Shine MT4 v1.01_fix.ex4
• SetFiles:
  • Propfirm SET.set
  • Golden Shine XAUUSD M5 ICM.set
  • Golden Shine XAUUSD M15 ICM.set
  • Golden Shine XAUUSD M30 ICM.set

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How To Set Up EA

🔻Golden Shine EA MT4 is a professional Expert Advisor designed for automated gold and forex trading with built-in money management, virtual stop loss, take profit, and advanced trade control features. Follow this step-by-step guide to install and configure the EA correctly for stable performance.

Golden Shine MT4 Setting

🟢 Installation instructions

Step 1: Open MT4 Data Folder

1. Launch MetaTrader 4
2. Click File → Open Data Folder

Step 2: Copy the EA File

1. Navigate to:
   MQL4 → Experts
2. Paste the Golden Shine EA MT4 (.ex4 or .mq4) file into this folder

Step 3: Restart MT4

• Close and reopen MetaTrader 4
• The EA will appear in Navigator → Expert Advisors

🟢 Enable Auto Trading in MT4

➡️To allow the EA to trade automatically:

1. Go to Tools → Options → Expert Advisors
2. Enable:
   • ✔ Allow Automated Trading
   • ✔ Allow DLL Imports
   • ✔ Allow WebRequest (if required)
3. Click OK
4. Turn ON the AutoTrading button (green)

🟢 Attach Golden Shine EA to the Chart

1. Open a trading chart (recommended: XAUUSD)
2. Choose the appropriate timeframe (M5 / M15 recommended)
3. Drag Golden Shine EA MT4 onto the chart
4. Click OK

➡️A smiley face icon confirms the EA is running correctly.

🟢Recommended Input Settings Explanation

🔺Trade Management

• Pending Order: false
• Period in bars for indicators: 20

➡️These settings control how signals are calculated and trades are executed.

🔺Lot Size & Money Management

• AutoLot: true
• Money to manage ($): 200
• Start Lot (if AutoLot=false): 0.01
• Max Lots per Trade: 100

➡️AutoLot allows dynamic position sizing based on account balance, helping control risk.

🔺Virtual Stop Loss & Take Profit

• Virtual SL & TP: true
• Stop Loss (pips): 100
• Take Profit (pips): 200

➡️Virtual SL/TP helps hide levels from the broker and improve execution quality.

🔺Trailing Stop & Break Even

• Trailing Stop: false
• Trailing Start (pips): 50
• Trailing Step (pips): 5
• Break Even: false
• Break Even Start (pips): 50
• Break Even Step (pips): 5

➡️These features can be enabled later for more aggressive trade management.

🔺Time & Day Trading Control

• Use Time Control: false
• Trade Start Time: 00:01
• Trade End Time: 23:59
• Trade Days: Monday – Friday (true)

➡️Golden Shine EA can trade continuously or within a specific time window.

🔺Spread & Execution Control

• Max Spread (pips): 5
• Slippage (pips): 3
• Coefficient: 1

➡️These settings protect the EA from poor trading conditions.

🔺Identification & Interface

• Magic Number: 8055
• Text Color: WhiteSmoke
• Font Size: 10
• Line Width: 2
• Button Placement: Upper-left chart corner

➡️Do not change the Magic Number unless running multiple EAs.

Conclusion

In summary, Golden Shine EA MT4 is a high-performance automated scalping robot designed specifically for Gold (XAUUSD) traders who value speed, precision, and strict risk control. With its pending order–based strategy, momentum-driven entries, and gold-optimized logic, the EA is built to capture fast intraday price movements while maintaining broker-friendly and prop firm–compliant execution. The inclusion of advanced features such as virtual stop loss and take profit, flexible money management, trailing stop, and break-even functions further enhances its reliability and adaptability across different trading styles. Supported by strong backtest results, low drawdown design, and easy-to-follow setup instructions, Golden Shine EA MT4 stands out as a solid choice for traders seeking consistent and disciplined gold scalping performance in competitive market conditions.

>>> Reviewed by Jason Stap <<<