Golden Owl EA MT4 V9 with Setfiles

What is Golden Owl V9 EA?

Golden Owl V9 EA is an automated MetaTrader 4 Expert Advisor that combines trend-following indicators with customizable grid trading capabilities specifically optimized for gold (XAUUSD) trading. The EA demonstrated an 11.68% gain with 5.72% maximum drawdown in live trading results, offering both aggressive and passive trading modes for different risk appetites.

Key Takeaway

• Trading Strategy: Uses 34-period EMA trend analysis combined with 3-period HILO indicator for entry signals, with optional grid system for position management – grid trading can amplify both profits and losses during strong trends

• Risk Management Features: Includes hard stop-loss (10,000 points), take profit (6000 pips), trailing stop, break-even function, and equity protection stop at $50 – extensive parameters require careful configuration to avoid over-optimization

• News and Time Filters: Advanced news avoidance system scans for NFP and other high-impact events, with customizable trading hours Monday-Friday – filters may reduce trading opportunities during volatile but potentially profitable periods

• Performance Data: Live results show 11.68% absolute gain with 5.72% drawdown on AUDCAD H4 backtests, demonstrating over 170 trades with progressive equity growth – past performance doesn’t guarantee future results

• Primary Risk: Grid trading strategy can accumulate significant drawdowns during sustained adverse market movements, requiring strict money management and appropriate account sizing

Recommendations for Golden Owl V9 EA

• Trading Platform: MetaTrader 4 (MT4) – fully compatible with all MT4 broker environments

• Pairs: Primarily XAUUSD (Gold), also tested on US30 and AUDCAD – Gold trading requires awareness of news-driven volatility spikes

• Timeframe: M1 for scalping approach or H4 for swing trading – lower timeframes increase trade frequency but may generate more false signals

• Leverage: 1:100 to 1:500 maximum recommended – higher leverage amplifies both potential profits and potential losses, requiring strict risk management

• Minimum Deposit: $1,000 minimum, $5,000+ recommended for optimal risk management with grid trading features

• Account Type: ECN or Standard accounts supported – ensure broker allows Expert Advisors and has competitive spreads for gold trading

Golden Owl V9 EA Review

Golden Owl V9 EA addresses emotional trading challenges through complete automation while offering extensive customization options. However, its grid trading component introduces drawdown risks that require careful parameter management and adequate capitalization for sustained profitability.

Live Trading Results Highlights:
• 11.68% absolute gain over testing period
• 5.72% maximum drawdown maintained
• 9.46% monthly gain achieved
• $584.24 profit on $5,000 account
• Demonstrated consistency with 99.29% equity-to-balance ratio

Backtest Performance:
• AUDCAD H4 testing showed progressive equity growth
• Over 170 trades executed with systematic approach
• Peak balance reached approximately $16,996
• Visual trend following and grid management combined effectively

Why Choose Golden Owl V9 EA

• Comprehensive Automation: Eliminates emotional trading decisions with complete entry-to-exit automation, though requires initial parameter optimization and ongoing monitoring for changing market conditions

• Dual Strategy Approach: Combines trend-following with optional grid recovery system, providing flexibility for different market conditions while increasing complexity and potential drawdown exposure

• Advanced Risk Controls: Features multiple protection layers including news filters, time restrictions, and equity stops – extensive options require understanding to avoid conflicting settings

• Gold Trading Specialization: Specifically optimized for XAUUSD with proven live results, though gold’s volatility demands careful position sizing and risk management

• Beginner-Friendly Setup: Includes pre-configured .set files for different account sizes, reducing setup complexity but potentially limiting customization for experienced traders

Conclusion

Golden Owl V9 EA offers systematic gold trading automation with proven live results, but its grid trading component requires substantial risk management knowledge and adequate capitalization. Best suited for intermediate traders seeking automated gold exposure with comprehensive risk controls, while beginners should start with conservative settings and thorough backtesting.

Golden Owl EA MT4 Download Packages:

• Link download experts:
  • Golden Owl EA MT4.ex4
• Presets:
  • Us30-Universal.set
  • Gold – Universal.set
  • 10KNewProp.set
  • 20kNewProp.set
  • 50kNewProp.set
  • 500kNewProp.set
  • 200kNewProp.set
  • 100kNewProp.set

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