The winning Gold Mining expert advisor for Metatrader is a famous EA designed to trade XAUUSD (Gold) on the lower time frames.
The EA requires no experience, just plug and play.
The Gold Mining EA is built around moving averages and the Stochastic indicator. It should perform well under all market conditions.
In terms of profitability, the expert made +90.96% gain with very low drawdown (only 2.76%).
All open trades are protected by a profit target and stop loss.
The EA can be used on unlimited trading accounts, both demo and live and should work on any time frame.
Recommended: run the Gold Mining EA on a demo account first over an extended period of time before running it on a live trading account.
The MyFXBook analysis chart below shows the Gold Mining EA verified trading performance (click on the chart to zoom in).
Performance Chart Key Takeaways
- Gain: +90.96%
- Monthly gain: 11.56%
- Drawdown: 2.76%
Download This Expert Advisor (MT4)
General Information & Recommendations
- Optimized to trade Gold (XAUUSD) on M5 – M15 charts
- Should also work on currency pairs
- Recommended minimum account balance: $100
- Works on unlimited demo accounts.
- Works on unlimited live accounts.
- Developed for Metatrader 4
The picture below shows the Gold Mining expert advisor attached to the XAUUSD 1-hour chart.
EA Input Parameters
Fixed lot, take profit, stop loss, MA buy, MA sell, k period, d period, slowing, up level, stochastic buy, stochastic sell
How to access the inputs tab? Right click on the chart > properties > inputs tab (adjust EA settings here)
How do I install the Gold Mining EA in Metatrader 4?
- Open the Metatrader 4 platform and select “File” from the top menu
- Click on “Open Data Folder” and select the “MQL4” folder
- Click on “Experts” folder and drag and drop the GOLD MINING EA.ex4 file into this folder
- Restart the Metatrader 4 platform and attach the expert advisor to the chart