Gold (XAUUSD) has always been a favorite among traders because of its high liquidity and frequent volatility. But trading it manually, especially on the lower timeframes, requires focus, speed, and discipline. That’s where Gold Coin M5 EA V2.0 MT4 comes in — a fully automated trading robot designed to scalp gold on the M5 timeframe with accuracy and risk control.
The latest version, V2.0, builds on previous releases with improved entry logic, optimized money management, and stronger filters to minimize false trades. Whether you’re looking to grow a small account or scale into prop-firm style trading, this EA is tailored for gold enthusiasts.
What Is Gold Coin M5 EA V2.0 MT4?
Gold Coin M5 EA is an Expert Advisor for MetaTrader 4 that specializes in trading XAUUSD on the 5-minute chart. It uses a mix of price action recognition, volatility filters, and short-term momentum detection to enter trades at the best possible levels.
Instead of chasing long-term swings, this EA focuses on small, frequent wins that accumulate over time. That’s why it’s perfect for traders who want to benefit from gold’s daily volatility while keeping exposure short.
How It Works
- Market Scanning
Continuously monitors the XAUUSD M5 chart for breakout and pullback opportunities. - Signal Generation
Confirms trades using momentum and volatility filters, reducing the risk of false entries. - Entry & Exit
- Executes trades instantly when a setup is confirmed.
- Uses tight stop-losses and predefined take-profits for controlled risk.
- Risk Management
Built-in settings for lot sizing, daily drawdown limits, and equity protection help preserve capital..
Key Features
- Optimized for Gold (XAUUSD) M5 – Designed specifically for short-term gold trading.
- Scalping Focused – Multiple trades per day with small but consistent gains.
- Dynamic Money Management – Risk % or fixed lot options available.
- Spread & Slippage Protection – Avoids bad entries in volatile conditions.
- Trailing Stop Feature – Locks in profits as price moves in your favor.
- No Martingale or Grid – Safer strategy with independent trades.
- VPS Friendly – Low CPU usage for stable 24/5 trading.
- Alerts & Notifications – Push, email, and pop-up alerts.
Recommended Settings
- Pair: XAUUSD (Gold).
- Timeframe: M5 only.
- Minimum Deposit: $300 on a cent/micro account; $1,000+ for standard accounts.
- Leverage: 1:200–1:500 depending on your broker.
- Broker Type: ECN with low spreads (≤20 points on gold).
- Risk: 1–2% per trade for stable growth.
Installation Guide
-
Download Gold Coin M5 EA V2.0 MT4.
-
Open MT4 → File → Open Data Folder → MQL4 → Experts.
-
Paste the EA file into the Experts folder.
-
Restart MT4 or refresh the Navigator window.
-
Attach the EA to your XAUUSD M5 chart.
-
Configure inputs: lot size, risk %, max trades.
-
Enable AutoTrading and confirm the smiley face icon is active.
Backtesting & Forward Testing
-
Backtest Period: At least 12 months with real tick data for accuracy.
-
Settings: Match broker spreads and commission for realistic simulation.
-
Forward Testing: Run in demo for 2–4 weeks before going live.
-
Optimization: Fine-tune for your broker’s conditions to reduce slippage.
Why Traders Choose Gold Coin M5 EA V2.0 MT4
- Specialized Design: Optimized exclusively for gold scalping.
- High Frequency: Generates multiple trades per day.
- Safe Strategy: No martingale/grid — relies on logic and filters.
- Beginner-Friendly: Easy setup, runs automatically once configured.
- Prop-Firm Ready: Risk controls allow compliance with firm rules.
Final Thoughts
The Gold Coin M5 EA V2.0 MT4 is a scalping powerhouse for gold traders. By focusing solely on the M5 timeframe of XAUUSD, it provides consistent opportunities, strong risk management, and fast trade execution.
While no EA can eliminate risk, this bot offers a structured, disciplined approach to trading gold — making it a great addition to any trader’s arsenal. Start small, test thoroughly, and once you’re confident, scale up for bigger profits.