Bonnitta Gold EA MT4 V1.33 with Setfiles

What is Bonnitta Gold EA MT4?

Bonnitta Gold EA MT4 stands out as a specialized automated trading system exclusively developed for gold (XAUUSD) market trading, featuring a proprietary algorithm enhanced with artificial intelligence and comprehensive news filtering capabilities. The system achieved 139% growth over 14 weeks in live trading with just 4.8% maximum drawdown. This sophisticated grid-based expert advisor integrates technical analysis, support/resistance levels, and dynamic position management to navigate gold market volatility.

About the Bonnitta Gold EA MT4’s Author

Created by Ugochukwu Mobi, a South African automated trading specialist with over 4 years of documented experience on the MQL5 platform. His expertise in algorithmic trading development and specialized focus on precious metals markets is demonstrated through the EA’s advanced approach to gold market analysis and comprehensive risk management systems.

Key Takeaway

• Core Strategy: Advanced grid system combining proprietary indicators, AI-powered analysis, and support/resistance identification with intelligent position averaging and dynamic lot sizing

• Protection Systems: Integrated news filter prevents trading during economic events, automated spread filtering ensures optimal execution conditions, and trailing stops protect accumulated profits

• Performance Evidence: Live account demonstrated 139% growth over 14 weeks with 4.8% drawdown, while backtests show profit factors up to 6.29 with associated maximum drawdown risks reaching 64.18%

• Configuration Flexibility: Multiple preset files accommodate deposits from $100 to $5000 with low/medium/high risk options, automated lot sizing scales with account balance

• Risk Considerations: Grid strategy vulnerable to sustained trends, no hard stop-loss mechanism relies on market reversals, requires substantial capital for drawdown tolerance

• User Requirements: Best suited for intermediate to advanced traders with significant capital, high-risk tolerance, and understanding of averaging strategy mechanics

Recommendations for Bonnitta Gold EA MT4

• Trading Platform: MetaTrader 4 (MT4) exclusively supported

• Pairs: XAUUSD (Gold) only – specifically calibrated for gold market characteristics and volatility patterns

• Supported Accounts: ECN and Standard accounts recommended – ensure broker permits grid trading strategies and multiple simultaneous positions

• Timeframe: H1 (1-hour) optimal for strategy execution, with mentioned flexibility for alternative timeframes

• Trading Time: Monday-Thursday preferred with integrated news filter to avoid high-volatility economic announcements

• Leverage: 1:500 commonly used – higher leverage dramatically amplifies both profit potential and loss exposure, requiring thorough risk evaluation

• Minimum Deposit: $100 minimum supported, though $5000+ strongly recommended for adequate drawdown management given grid strategy nature

Quick-Start Parameter Guide

Risk Management
• Automatic Lots: True (enables balance-proportional sizing)
• Money AutoLot: 10000.0 (lot calculation per $10k balance)
• Max Lots: 100 (maximum exposure protection)
• Maximum Spread: 35 points (execution quality filter)

Grid System
• Number of Trades Per Lots: 24 (grid position count)
• Pips Step: 13 (distance between grid levels)
• Lot Multiply: 1.3 (excessive multiplier creates exponential risk)
• UseExponent: Progressive lot sizing method

News Filter
• Enable News Filter: True (critical protection feature)
• Enable High News: True (blocks major market events)
• Indent Before/After: 30-60 minutes (safety time buffer)
• News Currencies: EUR, GBP, USD, CAD, AUD, NZD, CHF

Trade Management
• Take Profit: 10000 pips (basket closure target)
• Trailing: True (profit protection system)
• Cut Loss: False (absence of hard stop-loss creates significant exposure)

Bonnitta Gold EA MT4 Review

Bonnitta Gold EA MT4 delivers sophisticated gold market automation with impressive live results, but its grid-based methodology without hard stop-losses demands substantial capital and experienced risk management to navigate potential drawdown scenarios successfully.

Live Trading Performance:
• 139% account growth over 14 weeks
• 4.8% maximum drawdown maintained
• 70.9% profitable trade ratio
• $10,000 initial deposit example

Backtest Results:
• 200% monthly returns achieved
• 64.18% maximum drawdown potential
• 6.29 profit factor demonstrated
• 93.94% winning trade percentage

Important Note: High drawdown potential during unfavorable market conditions requires adequate capital reserves and continuous performance monitoring.

Why Choose Bonnitta Gold EA MT4

• Exclusive Gold Focus: Purpose-built for XAUUSD market dynamics with specialized algorithms and volatility management, though limited to single instrument trading

• Advanced Event Protection: Real-time news filtering prevents trading during high-impact economic releases, but requires reliable news feed for optimal safety

• Documented Live Performance: Proven 139% growth with controlled drawdown in actual trading conditions, though past results don’t guarantee future performance

• Intelligent Position Management: AI-enhanced grid system with adaptive sizing and trailing protection, but requires thorough understanding of averaging strategy risks

• Scalable Configuration: Professional preset files for various capital levels and risk appetites, though aggressive settings may exceed individual comfort levels

Conclusion

Bonnitta Gold EA MT4 combines advanced gold market analysis with proven live performance, but requires substantial capital and sophisticated risk management due to its grid-based approach without hard stop-losses. Perfectly suited for experienced traders with high-risk tolerance; beginners should exercise extreme caution given potential drawdown exposure.

Ready to Use Bonnitta Gold EA MT4?

• Telegram Support: https://t.me/+E2r7ipeuS6BjNzFl
• Email Contact: [email protected]
• Website: eafxway.com

Bonnitta Gold EA MT4 Download Packages:

• Link download experts:
  • Bonnitta Gold EA MT4.ex4
• Presets:
  • GOLD_H1_$100.set
  • GOLD_H1_$200_Low Risk.set
  • GOLD_H1_$200_Medium Risk.set
  • GOLD_H1_$200_High Risk.set
  • GOLD_H1_$500_Low Risk.set
  • GOLD_H1_$500_Medium Risk.set
  • GOLD_H1_$500_High Risk.set
  • GOLD_H1_$1000_Low Risk.set
  • GOLD_H1_$1000_Medium Risk.set
  • GOLD_H1_$1000_High Risk.set
  • GOLD_H1_$2000_Low Risk.set
  • GOLD_H1_$2000_Medium Risk.set
  • GOLD_H1_$2000_High Risk.set
  • GOLD_H1_$5000_Low Risk.set
  • GOLD_H1_$5000_Medium Risk.set
  • GOLD_H1_$5000_High Risk.set

FAQs