Introduction
If you’ve ever tried scalp trading gold on MetaTrader 4, you know how whipsaw moves on XAUUSD can wipe out small accounts in a flash. Enter HamzaFX EA V1.91 MT4, a purpose-built M15 expert advisor designed to tame the volatility of gold and lock in consistent gains—all with a minimum deposit of just $200. In this 1,000-word deep dive, we’ll walk through what makes HamzaFX EA tick, its standout features, performance record, recommended setup, and why it could be the missing piece in your portfolio.
Overview
HamzaFX EA V1.91 is a fully automated trading robot coded for MetaTrader 4. It specializes exclusively in XAUUSD on the M15 timeframe, leveraging a hybrid trend-breakout strategy that dynamically adjusts to changing market rhythms. The algorithm scans each 15-minute bar for high-probability breakout setups, then uses proprietary filters to confirm momentum before executing orders.
Built by seasoned EA developers, version 1.91 includes upgraded money-management routines to protect against rapid drawdowns—crucial when trading gold, whose spikes can be brutal. From auto-lot sizing to customizable stop-loss and take-profit levels, HamzaFX EA lets both beginners and advanced traders dial in risk parameters that match their account size.
Key Features
- Specialized XAUUSD Logic: Tailored entries for gold on the M15 chart
- Dynamic Lot Sizing: Calculates optimal position size based on account equity
- Smart Stop-Loss & Take-Profit: Adaptive SL/TP levels guard against spikes
- No Martingale or Grid: Pure trend-breakout model avoids dangerous averaging
- Built-in News Filter: Pauses trading during major gold-related economic releases
- Drawdown Control: Auto-shutdown when drawdown reaches preset threshold
- Magic Number Input: Run multiple EA instances without trade conflicts
- User-Friendly Inputs: Change risk %, SL, TP, hours, and days to suit your style
- Low Minimum Deposit: Fully operational on accounts from $200 upwards
- Automatic Recovery Mode: Minor pullbacks handled with trailing-stop logic
Strategy & Performance
HamzaFX EA combines two proven techniques:
- Trend-Following Engine
- Identifies prevailing gold trends via moving-average cross confirmations on M15.
- Enters when short-term momentum aligns with higher-timeframe directional bias.
- Breakout Filter
- Monitors recent swing highs/lows to detect potential breakouts—particularly effective in London & New York overlaps.
- Uses volatility bands to confirm genuine moves vs. fakeouts.
In backtests spanning January 2017–December 2023 on a $1,000 demo, the EA recorded:
- Total Net Profit: +128%
- Profit Factor: 1.74
- Max Drawdown: 8.2%
- Win Rate: 65% over 4,320 trades
Live-market trials over Q1 2025 on a $200 account showed a +6.4% net gain with drawdown capped at 5%. Equity curves have stayed smooth, thanks to the built-in drawdown control which halts trading when losses exceed user-defined limits.
Recommended Settings & Setup
- Download & Install
- Get the
HamzaFX_EA_v1.91.ex4file from your vendor. - Copy it into
MQL4/Experts/in your MT4 data folder. - Restart MetaTrader 4 to load the new EA.
- Attach to Chart
- Open an XAUUSD M15 chart.
- Drag “HamzaFX EA v1.91” from Navigator → Expert Advisors onto the chart.
- Enable “Allow Live Trading” and “Allow DLL Imports.”
- Input Parameters
- RiskPercent: 2 (for $200 deposit, adjust to taste)
- MagicNumber: 9191
- StopLoss_pips: 20
- TakeProfit_pips: 40
- MaxDailyTrades: 5
- NewsFilter: true
- TradingStartHour: 8 (server time)
- TradingEndHour: 16
- Optimization Tips
- Run an optimization on RiskPercent vs. SL/TP if you have a larger balance.
- Test on demo for at least two weeks before going live.
Why Choose HamzaFX EA?
When you’re juggling multiple assets, it’s tempting to add every flashy EA on the market. But HamzaFX EA V1.91 MT4 stands out because it’s:
- Gold-Focused: Every line of code is optimized for XAUUSD’s quirks.
- Beginner-Friendly: Pre-set inputs work out of the box on just $200.
- Proven Stability: Years of backtests and live trials with consistent equity growth.
- Lightweight: No DLLs, no complex dependencies—just drop and trade.
Support & Disclaimer
If you hit a snag, the developer’s support desk is available via the vendor’s website. Remember, past performance is not a guarantee of future results. Always demo-test any EA for at least one market cycle before committing real funds. Trade responsibly, and never risk more than you can afford to lose.
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