Forex Gold EA Free Download User Guide

The Forex Gold EA is now free and available for everyone to use on both demo and real trading accounts.
This Expert Advisor is mainly designed for Gold trading (XAUUSD), but it can also be used on other Forex pairs if needed.

The purpose of releasing this EA for free is to test, learn, and improve together as a trading community.
This is the first version of the Forex Gold EA, and it uses a combination of multiple built-in MT4 indicators to analyze the market and make decisions for opening and closing trades.

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About Forex Gold EA Strategy

The Forex Gold EA works on the H1 timeframe, where market movements are more stable compared to lower timeframes.
It evaluates different market conditions such as trend direction, momentum, volatility, and price behavior before opening any trade.

Instead of relying on a single indicator, this EA uses multiple technical indicators available in MetaTrader 4, combined together to confirm trade entries and exits.
This helps the EA avoid random trades and focus on more structured market conditions, especially in the volatile Gold market.

Although this EA can be attached to multiple pairs, XAUUSD (Gold) is the recommended symbol for best performance.

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First Version – Community Supported EA

This is the initial release of the Forex Gold EA, and it contains a basic but structured trading logic.
Your comments, feedback, and shared results are very important, as they help identify areas where the EA can be improved in future updates.

The goal is not to claim perfection, but to build a better EA step by step using real trader experience.

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Recommended Usage

• Timeframe: H1
• Best Pair: XAUUSD (Gold)
• Other Pairs: Supported
• Account Type: Demo or Real
• Trading Style: Fully automatic

You can run the EA continuously on a VPS for uninterrupted trading and better execution.

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Forex Gold EA Input Settings Explained

Below are the main input parameters available in this EA:

🔁 Signal Strength
Control how selective the EA should be when opening trades.
Higher signal strength means fewer but stronger trade setups, while lower strength allows more frequent trades.

💰 Lot Size
Set the initial lot size for each trade.
It is recommended to start with a small lot size, especially on real accounts.

📊 Lots Exponent
Controls how the lot size increases when multiple trades are opened.
This setting should be adjusted carefully based on account balance and risk tolerance.

📉 Grid Size
Defines the distance between trades when grid logic is applied.
Helps manage price retracements during market fluctuations.

📈 Max Orders
Limits the maximum number of open trades at the same time to control risk and drawdown.

🔍 Max Spread Filter
The EA will only trade when the broker’s spread is within the allowed limit, avoiding poor trading conditions.

🪄 Magic Number
A unique identifier that helps manage trades opened by this EA, especially when running multiple EAs on the same account.

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Final Notes

Forex Gold EA is shared for free so traders can test it in live market conditions, understand its behavior, and provide honest feedback.
Both demo and real account testing are encouraged.

Your suggestions, results, and observations will help us improve this EA and make it more reliable over time.

👉 Don’t forget to leave your valuable comments and share your experience.