Mafia EA V3.0 MT4 (XAUUSD, M5): Smart Gold Scalping for Traders Who Want Control
Gold is fast, moody, and unforgiving—especially on the M5 chart. If you’ve tried “miracle” robots that blow up as soon as volatility spikes, you know the pain. Mafia EA V3.0 for MT4 aims to be different: a rules-driven, XAUUSD-focused scalper designed for M5 with $1000 minimum deposit and strict controls to help you keep risk contained while still hunting those quick moves that gold throws up during London and New York sessions.
Below, you’ll find what Mafia EA V3.0 does, how to install it, recommended settings, and practical tips for testing and daily use. No hype—just a clear, trader-first walkthrough so you can decide if it fits your plan.
Quick Specs (at a glance)
- Platform: MetaTrader 4 (MT4)
- Symbol: XAUUSD (Gold)
- Timeframe: M5 (optimized)
- Minimum Deposit: $1000
- Account Type: ECN/STP recommended, low spread/low latency
- Style: Scalping with trend/volatility filters (no forced martingale)
What is Mafia EA V3.0 MT4?
Mafia EA V3.0 is a purpose-built Expert Advisor focusing on gold scalping on the M5 timeframe. The logic looks to enter only when volatility and direction align—think small, disciplined bites rather than long, high-risk holds. It emphasizes risk controls (max spread filters, equity protection, daily loss caps) and timing (session filters), which is crucial on XAUUSD where moves can go from quiet to chaotic in seconds.
Who is it for?
- Traders who prefer short, repeatable setups across London/NY hours.
- Users who want control over risk (fixed % per trade, max trades/day, trailing & breakeven).
- Prop-firm aspirants who need to respect daily drawdown and avoid wild exposure.
- Anyone who values an EA that can be tuned rather than one that just “goes all-in.”
Core Approach (how it seeks edges)
While exact code isn’t public, Mafia EA V3.0 is typically configured to:
- Trade with the prevailing bias using moving-average or structure confirmation so entries aren’t blind.
- Check volatility (e.g., ATR-style filters) to avoid dead zones or absurd spikes.
- Filter spreads & slippage so it skips entries when conditions are too costly.
- Use tight, mechanical exits (fixed SL/TP, trailing stop, optional breakeven), cutting losers quickly and banking winners without second-guessing.
The intent isn’t to “catch every move,” it’s to capture clean, higher-probability bursts and sit out the chop.
Key Features You’ll Appreciate
- XAUUSD M5 optimized: Built around gold’s micro-structure on the 5-minute chart.
- Configurable risk per trade: Position sizing by fixed lots or %-of-equity.
- Hard stop-loss & take-profit: No “hope & pray.”
- Trailing stop & breakeven: Lock in gains as price moves your way.
- Max spread & slippage filters: Skip entries when execution costs spike.
- Session/time filters: Focus on the hours that historically trend best.
- Daily profit & loss caps: Stop after target or cut the day if it’s not your day.
- Equity protector: Hard-stop the EA beyond a set drawdown.
- Magic number control: Run multiple charts/EAs without trade ID clashes.
- News awareness (optional if your setup supports it): Pause around major data to avoid slippage landmines.
- No forced martingale: Compounding risk is optional, not default.
- VPS-friendly: Low-latency execution for scalping reliability.
Recommended Settings (starting point)
Account & Broker
- Deposit: $1000 minimum (more buffer = more flexibility).
- Leverage: 1:200–1:500 is typical; stick to what your risk rules allow.
- Broker: ECN/STP with tight spreads and fast execution on XAUUSD.
- VPS: Strongly recommended for 24/5 uptime and low latency.
Risk & Exposure
- Risk per trade: 0.5%–1% for most accounts; 0.25% if you’re aiming at strict prop rules.
- Max concurrent trades: 1–3 to keep drawdown smooth.
- Daily loss cap: 3%–5% (hard stop for prop-style discipline).
- Daily profit target: 1%–2% (optional auto-stop after hit).
Timing & Filters
- Sessions: Prioritize London open through early NY (the most consistent volatility).
- Avoid major news: Especially CPI, NFP, FOMC, and unexpected speeches; consider pausing 15–30 minutes around releases.
- Spread limit: Tune to your broker’s typical XAUUSD spread so bad conditions are auto-filtered.
These aren’t commandments—think of them as safe defaults you can tweak after testing.
Installation & Setup (MT4)
- Copy the EA file: MT4 → File → Open Data Folder → MQL4 → Experts → paste the Mafia EA V3.0 file.
- Restart or refresh MT4: Right-click Experts in Navigator → Refresh.
- Attach to chart: Open XAUUSD M5, drag the EA onto the chart.
- Enable trading: Check “Allow live trading” and “Allow DLL imports” if required by the EA.
- Inputs: Set risk %, max trades/day, session times, spread filter, and trailing/breakeven options.
- AutoTrading On: Ensure the top-bar button is green.
- Run on a VPS: Keep the terminal live to avoid missed entries.
Backtesting & Forward Testing (be data-driven)
- Historical tests: Use MT4 Strategy Tester with high-quality tick data if you have it. Test at least 12–24 months to cover different volatility regimes.
- Realistic costs: Run with your broker’s typical spread/commission to avoid over-optimistic results.
- Out-of-sample check: Optimize on one period, validate on a different one (avoid curve-fit traps).
- Forward demo: Let it trade 2–4 weeks on demo or a small live account; note slippage, execution, and behavior around news.
- Iterate slowly: Adjust one variable at a time—risk %, session window, or trailing logic—then re-observe.
Remember: good scalpers win by consistency across dozens of small edges, not by “one huge trade.”
Risk, Prop-Firm Rules & Best Practices
- Respect daily drawdown: Use the EA’s daily loss cap and equity protector.
- Keep risk small: Multiple small wins stack up; oversized risk amplifies losers.
- Be picky on timing: If spreads are wide or the book is thin, skip. There’s always another setup.
- Don’t run into red-flag news: Gold can gap hard—execution slippage can wreck a great month.
- One change at a time: If you’re tweaking, isolate variables so you actually learn what helped.
- Journal everything: Session, spread at entry, slippage, reason for skip—your future self will thank you.
Verdict
Mafia EA V3.0 MT4 is a disciplined, XAUUSD-first scalper that earns its keep by saying “no” to sub-par conditions and focusing on precise entries with predefined exits. If you’re looking for an EA you can actually govern—with risk caps, session windows, and realistic scaling—this one fits that philosophy. Just remember: the edge is in your process. Backtest smart, forward-test patiently, and let the rules do the heavy lifting.
Call to Action
Ready to try it on demo and see how it behaves with your broker’s conditions?
Download Mafia EA V3.0 for MT4, attach it to XAUUSD M5, and start with conservative risk. Tight execution, strict filters, patient mindset—that’s the playbook. When you’re comfortable, scale responsibly.