City Gold Hunter Pro X2 EA — XAUUSD Martingale Grid with 97% Backtest Win Rate

City Gold Hunter Pro X2 is a MetaTrader 4 Expert Advisor that trades XAUUSD, GBPUSD, and EURUSD on the H1 timeframe using a martingale grid system with Envelopes-based entry signals and trailing money management.

A 6.5-month backtest on $500 capital shows 863 trades, 97.22% win rate, and 2.30% maximal drawdown at a 100.55 profit factor.

Key Benefits

• ✅ Win Rate: 97.22% across 863 backtest trades — sustained by martingale recovery, which means losing streaks compound lot sizes before closing.
• ✅ Strategy: Envelopes indicator filters entries on H1; pending stop orders trigger positions only when price moves in the expected direction — reactive, not predictive.

  Compare EA strategies

• ✅ Trailing Exit: Positions close when floating profit reaches $50, with a $45 trailing close floor — baskets lock in gains rather than targeting fixed take-profit pips.
• ✅ Exposure Cap: MaxOrder 25 limits simultaneous positions; MaxSpread 200 blocks execution during spread spikes that trigger false grid runups.

City Gold Hunter Pro X2 Performance

A 6.5-month backtest on XAUUSD H1 (January–July 2024), starting with $500, produced $1,544,602.77 net profit across 863 trades at 97.22% win rate and 2.30% maximal drawdown.

A separate 4-day Every Tick backtest (May 15–19, 2023) on $500 shows $9,955.27 net profit, 1991% gain, and 47.42% peak drawdown — a high-frequency stress window that isolates the strategy’s maximum adverse exposure in a short, volatile period.

Performance Snapshot

The martingale grid’s critical failure point is a sustained, unidirectional trend on XAUUSD — when price moves against the first entry without reversion, the EA adds positions at fixed Distance intervals (350 points), multiplying lot size by 1.3× each step. With MaxOrder set to 25, a grid of 25 compounding positions is structurally possible before the exposure cap halts new entries.

This is a structural weakness — the martingale multiplier cannot be removed, only sized for. Reducing LotExponent below 1.3 or lowering MaxOrder to 10–12 reduces peak lot exposure but also reduces the profit recovery speed the strategy depends on.

The 47.42% drawdown recorded in the 4-day Every Tick backtest (May 2023) represents the strategy’s realistic adverse scenario: a fast, directional gold move that opens multiple grid layers before reversal. At the default $500 account, that drawdown equates to a $237 floating loss before recovery — manageable at that capital, but proportionally identical at $5,000 ($2,370 at risk before close).

Available data consists of control-points backtests — the January–July 2024 test explicitly flags this as a crude modeling method. Control-points simulation does not replicate live spread, slippage, or tick-by-tick execution; actual results in live conditions will differ.

How City Gold Hunter Pro X2 Works

Mechanism: The EA exploits mean-reversion behavior on XAUUSD H1, using an Exponential Moving Average Envelopes channel (Period 14, Deviation 0.1) to identify when price has deviated from its short-term average. When price touches or exceeds the envelope boundary, the EA places a pending stop order in the direction of the move — anticipating continuation followed by a recovery close. The martingale grid adds positions at 350-point intervals if the initial trade runs against expectation, scaling lot sizes at 1.3× to recover prior losses in a single profitable close. GBPUSD and EURUSD run the same logic in parallel.

Signal Trigger: Price closes beyond the 14-period EMA Envelope at 0.1 deviation on H1. EA places a pending stop order 200 points (PointPending) beyond current price in the signal direction.

Position Close: Trailing money close activates when basket floating profit reaches $50 (Trailing_Money), with a $45 floor (Trailing_Close) — the basket locks at $45 once $50 is hit. No fixed take-profit pip target; no stop-loss on individual trades.

Exposure Limits: MaxOrder 25 caps simultaneous open positions per symbol. MaxSpread 200 points blocks new entries during abnormal spread conditions. The 80-second Delay parameter prevents rapid re-entry after a close.

✅ Optimal conditions: Ranging or mildly trending XAUUSD with regular mean-reversion swings on H1. Low-spread ECN execution during London/New York overlap where gold liquidity is highest.

⚠️ Avoid when: Sustained USD directional trends (e.g., major Fed policy shifts or CPI surprises) that push XAUUSD in one direction for 10+ consecutive H1 bars without retracement — this is the exact condition that builds the grid to its maximum depth.

Recommended Settings

This EA requires MT4. Need MT5 platform support? Browse MT5 EAs

Who Should Use City Gold Hunter Pro X2

• ✅ Running MT4 on a VPS with continuous uptime — the 80-second re-entry delay and multi-position grid management require uninterrupted connection.
• ✅ Starting with $500 minimum and understanding that a 47% adverse drawdown at that capital means approximately $235 in floating loss before the grid recovers — you can withstand that without closing manually.
• ✅ Trading on an ECN account with XAUUSD spread under 20 points — the martingale recovery math assumes low friction on each added position.
• ✅ Completed 90+ days of demo testing through at least one sustained USD trend event before committing live capital — control-points backtests do not replicate that condition.

Performance verified with: MT4 backtests on Exness-Trial9 (Build 1420), XAUUSD H1, $500 starting capital, control-points and Every Tick modeling.

What’s Included

• ✅ Experts:
  • City Gold Hunter Pro X2 (.ex4)
• ✅ Setfiles:
  • Default input configuration (XAUUSD / GBPUSD / EURUSD H1)

The download link will be sent to your email immediately after purchase, along with a video tutorial on how to install it.

Frequently Asked Questions