GOLD RUSH EA VERSION : 1.0 MT4

 

Gold Rush EA V1.0 is a ready-to-use Expert Advisor coded in MQL4, designed specifically for the XAUUSD market. It seamlessly integrates into any MT4 broker offering gold trading and can run on multiple timeframes (from H1 to D1). At its core, Gold Rush EA aims to:

1. Identify early breakout signals around key support and resistance zones.

2. Confirm momentum via volatility and trend filters.

3. Execute trades with dynamic stop-loss and take-profit levels based on current market conditions.

4. Protect capital through smart position sizing and drawdown controls.

---

 

• Key Features

  • Breakout Zone Detection: Scans recent swing highs and lows to mark breakout levels, adjusting dynamically as new peaks and troughs form.

  • Momentum Filter: Uses a combination of RSI and moving-average direction to confirm that a breakout is backed by price momentum.

  • Volatility‐Based Entries: Leverages the Average True Range (ATR) to avoid false breakouts in low-volatility periods.

  • Dynamic Stops & Targets: Calculates stop-loss at a multiple of ATR and sets take-profit at a user-configurable risk-reward ratio, adapting to prevailing market noise.

  • Risk Management: Computes lot size automatically based on account balance and your chosen risk percentage per trade.

  • Time and Spread Filters: Includes optional trading windows and maximum spread thresholds to prevent entries during news events or illiquid hours.

  • Partial Profit & Trailing Stop: Locks in gains by scaling out at key levels and trails the remaining position to capture extended trends.

  ---

  Strategy Breakdown

  1. Swing Level Identification: On each new candle, the EA updates the most recent swing high and swing low over a configurable look-back period (e.g., the last 20 bars).

  2. Breakout Confirmation: When price crosses above the swing high (for a buy) or below the swing low (for a sell), the EA checks that RSI is above/below threshold (e.g., RSI > 55 for buys, < 45 for sells) and that the moving average slope matches direction.

  3. Volatility Check: It calculates the current ATR value. If ATR is above a minimum threshold (e.g., the 14-period ATR > 0.8), the EA deems the environment suitable for breakout trading.

  4. Order Placement: The EA places a market order immediately on breakout confirmation, with stop-loss set at ATR × 1.5 away from entry and take-profit at a risk-reward ratio of your choice (default 1:2).

  5. Trade Management: Once price moves in your favor by a configurable number of pips (e.g., 0.5 × ATR), Gold Rush EA will move stop-loss to breakeven and can optionally close a partial lot size to lock in profits.

  6. Session & News Filter: You can limit trading to specific hours (e.g., London or New York sessions) and set the EA to avoid trading around major economic releases by referencing an economic calendar.

  ---

   

  ---

  

•  

  Installation & Setup

  1. Copy Files

     • Place GoldRushEA_v1.ex4 into the MQL4/Experts folder.

     • Add GoldRushEA_v1.tpl to Profiles/Templates if a template is provided.

  2. Restart MT4 to recognize the new EA.

  3. Attach to Chart

     • Open an XAUUSD chart on H1, H4, or D1.

     • Drag and drop “Gold Rush EA V1.0” onto the chart.

  4. Configure Inputs

     • RiskPercent: Percentage of equity risked per trade (e.g., 1.0).

     • SwingLookback: Bars to consider for swing high/low detection (default 20).

     • RSI_Period / Levels: Period (e.g., 14) and threshold values.

     • ATR_Period / Multiplier: Period (e.g., 14) and SL distance multiplier (e.g., 1.5).

     • RR_Ratio: Desired reward:risk (e.g., 2.0).

     • TradingHours: Start and end hour in broker time.

     • MaxSpread: Maximum allowed spread in pips (e.g., 3.0).

  5. Enable AutoTrading by clicking the “AutoTrading” button on MT4.

  ---

  Performance & Backtesting

  • Backtest Period: 2017–2024 on 99% tick data.

  • Net Profit: +1,400%

  • Max Drawdown: 17.5%

  • Profit Factor: 1.9

  • Win Rate: 62%

  Forward tests on a live demo during Q1 2025 (including Fed meetings and inflation spikes) showed consistent 7–10% monthly returns with drawdowns capped below 10%. As always, you should run your own tests using your broker’s spreads and execution conditions before going live.

  ---

  Recommended Settings

  • Timeframe: H4 for lower frequency, H1 for more signals

  • RiskPercent: 0.5–1.0% per trade

  • SwingLookback: 20 bars

  • RSI_Period: 14 (Buy > 55, Sell < 45)

  • ATR_Period: 14; ATR_Multiplier: 1.5

  • RR_Ratio: 1:2 or 1:3

  • MaxSpread: ≤ 3.0 pips

  • TradingHours: 08:00–18:00 server time

  Start on a demo account for 2–4 weeks to fine-tune settings according to your broker conditions.

  ---

  Risk Management & Best Practices

  • Diversification: Complement Gold Rush EA with other uncorrelated strategies or instruments.

  • Equity Stop: Use MT4’s Expert Advisor equity stop to disable the EA if drawdown exceeds your tolerance (e.g., 15%).

  • Regular Parameter Review: Markets evolve—reevaluate settings quarterly.

  • Avoid Curve-Fitting: Favor logical parameter ranges over extreme optimizations that only work on historical data.

  ---

  Conclusion

  Gold Rush EA V1.0 MT4 brings automated precision to XAUUSD trading by blending breakout detection, momentum confirmation, and adaptive risk controls. Whether you’re new to gold trading or an experienced pro, this EA can help you systematically capture gold’s explosive moves with minimal manual intervention. Install, configure, and test Gold Rush EA on your MT4 platform to start pursuing consistent, hands-off gold profits today.

 

 

 

Thanks for the visit ... 
For any query please feel free to contact us on our official telegram channel - Yoforex Premium - https://t.me/+V6Nr5sRZVr4xYzdl