Gold Excel EA MT4 V3.0 with Setfiles

What is Gold Excel EA MT4?

Gold Excel EA MT4 represents a highly specialized automated trading solution designed exclusively for XAUUSD (Gold) markets, featuring a time-based strategy that capitalizes on US market open volatility with verified performance of growing accounts from $1,000 to over $25,000 in under 9 months. This MetaTrader 4 expert advisor showcases impressive backtest results with 85.14% win rate and 5.73 profit factor, while live trading signals demonstrate exceptional growth of 198-596% over 37-week periods.

About the Gold Excel EA MT4’s Author

Created by Gregory Hay, an experienced MQL5 developer from the United Kingdom with over 4 years of expertise in automated trading system development. Gregory Hay has published 5 products on the MQL5 marketplace, with Gold Excel EA MT4 achieving recognition as his flagship creation, specifically optimized for gold trading automation and prop firm challenge success.

Key Takeaway

• System Architecture: Time-restricted automated trading system operating exclusively on XAUUSD M5 timeframe with precise 15:35-16:25 GMT trading window, utilizing fixed $5 SL/TP targets and comprehensive risk management features including optional Martingale recovery

• Strategic Approach: Employs US market open volatility targeting through pending order placement at 15:35 with automatic session closure at 16:25, incorporating intelligent news avoidance mechanisms to minimize high-impact event exposure

• Algorithm Components: Integrates time-based entry logic with price action analysis during peak US trading hours, supported by configurable recovery factor (3x lot increase after losses) and advanced trailing stop functionality for profit maximization

• Core Benefits: Completely eliminates emotional trading decisions, provides fully automated execution with strict time discipline, offers flexible risk-based or fixed lot sizing options, includes specialized prop firm optimization settings

• Performance Metrics: Backtest demonstrates 85.14% win rate with 5.73 profit factor and 2.18% maximum drawdown, while live signals achieve 198-596% growth over 37 weeks, though live drawdowns significantly exceed backtest at 21.2-42.98%

• Risk Considerations: Martingale-style recovery mechanism can exponentially amplify losses during consecutive losing sequences, substantial discrepancy between backtest and live trading performance, high sensitivity to broker spreads due to tight $5 profit targets

Recommendations for Gold Excel EA MT4

• Trading Platform: MetaTrader 4 (MT4) primary compatibility with MT5 signal tracking support for performance monitoring

• Trading Instruments: XAUUSD (Gold) exclusively – strategy specifically engineered for gold market behavior during US trading session

• Account Configuration: ECN and Standard accounts compatible, with strong recommendation for low-spread brokers (Exness, HTFX) to optimize profit margins

• Timeframe Setup: M5 (5-minute) required – strategy relies on precise timing within US market open volatility window

• Trading Schedule: 15:35-16:25 GMT daily window targeting peak US session volatility for optimal trade execution

• Leverage Settings: 1:100 to 1:500 recommended – higher leverage magnifies both profit potential and loss exposure, requiring careful calibration with recovery feature

• Capital Requirements: $50 minimum entry point, though $1,000+ strongly recommended for effective risk management, especially when utilizing recovery mechanisms for prop firm applications

Quick-Start Parameter Guide

Risk Management Core
• Start Risk (%): 1.0 – percentage of account balance allocated per trade
• MaxRisk Per Trade: 1.0 – absolute maximum risk exposure per position
• MaxLotSize: 2.0 – critical safety limit preventing excessive position sizing during recovery cycles
• RecoveryFactor: 3.0 – lot size multiplier following losses (high-risk feature – fully optional)

Execution Timing
• ExcelOrderTime: 15:35 – precise pending order placement schedule
• Close all open orders at Time: 16:25 – automatic session termination
• Order 1 TP: 500 (equivalent to $5 gold profit target)
• Order 1 SL: 500 (equivalent to $5 gold stop loss)

Profit Enhancement
• Use TrailingStop: True – activates dynamic profit protection
• Trailing Start: 95.0 – profit threshold for trailing activation
• Trailing Stop: 45.0 – trailing distance maintenance

Prop Firm Specialization
• UpsideGap/DownsideGap: 40 – custom parameters designed for prop firm challenge optimization

Gold Excel EA MT4 Review

Gold Excel EA MT4 delivers consistent automated gold trading with proven 85% win rates and substantial profit generation, but requires vigilant risk management due to optional Martingale recovery creating drawdown exposure reaching 42.98% in live trading conditions.

Backtest Performance: Demonstrated 85.14% win rate, 5.73 profit factor, and controlled 2.18% maximum drawdown over comprehensive 11-month testing period with 74 total trades

Live Trading Verification: Confirmed signals show 198-596% account growth over 37 weeks, but maximum drawdowns of 21.2-42.98% substantially exceed backtest projections

Signal Tracking: Multiple MyFxBook-verified accounts maintain consistent 83-84% win rates with sustained profitability, while emphasizing real-world drawdown challenges requiring conservative parameter management

Why Choose Gold Excel EA MT4

• Gold Market Focus: Exclusively optimized for XAUUSD trading dynamics during US session volatility, providing specialized expertise over generic multi-currency systems, though restricting diversification opportunities

• Verified Track Record: Live trading signals provide documented 198-596% growth over extended periods with consistent 83-84% win rates, but requires tolerance for substantial drawdown periods reaching 20-40%

• Prop Firm Optimization: Purpose-built for prop firm challenges with dedicated parameters and time-based methodology, though recovery features may conflict with specific firm risk management protocols

• Flexible Risk Architecture: Supports both conservative fixed-lot approaches and aggressive recovery modes with extensive customization capabilities, but demands complete understanding of Martingale system implications before activation

• Psychological Trading Elimination: Fully automates decision-making within precise 50-minute daily window, removing emotional trading barriers, though success depends entirely on US session market conditions

Conclusion

Gold Excel EA MT4 provides specialized automated gold trading with verified high win rates and documented profit generation capabilities, but demands careful risk management due to significant drawdown potential from optional recovery mechanisms. Best suited for experienced traders and prop firm candidates who fully understand Martingale risks, while conservative investors should exercise extreme caution with recovery settings.

Ready to Use Gold Excel EA MT4?

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

Gold Excel EA MT4 Download Packages:

• Link download experts:
  • Gold Excel EA MT4.ex4
• Presets:
  • GOLD_M5_$100.set
  • GOLD_M5_$500_High Risk.set
  • GOLD_M5_$500_Medium Risk.set
  • GOLD_M5_$500_Low Risk.set
  • GOLD_M5_$1000_High Risk.set
  • GOLD_M5_$1000_Medium Risk.set
  • GOLD_M5_$1000_Low Risk.set
  • GOLD_M5_$2000_High Risk.set
  • GOLD_M5_$2000_Medium Risk.set
  • GOLD_M5_$2000_Low Risk.set
  • chart1(5min).set
  • chart2(5min).set
  • chart1(5min)PROP.txt
  • chart2(5min)PROP.txt
  • chart1(7DIGIT-5minchart)GMT+0.set
  • chart2(5min)7DIGITGMT+0.set

FAQs