Introduction

AI Gold Sniper EA V1.4 MT4 is an automated trading system developed for trading gold (XAUUSD) on the MetaTrader 4 platform. It is designed to identify high-probability entry points using structured market analysis, trend direction, and momentum confirmation. The system focuses on capturing precise movements in gold while applying predefined risk management rules to maintain disciplined execution.

Key Features

Gold-Optimized Strategy
Specifically structured for XAUUSD volatility and intraday movement patterns.
Fully Automated Execution
Scans market conditions continuously and executes trades automatically when criteria are met.
Trend and Momentum-Based Logic
Aligns trades with dominant direction while confirming strength before entry.
Built-In Stop Loss and Take Profit
Each trade includes predefined protective exit levels.
Adjustable Risk Management
Supports fixed lot size or percentage-based risk per trade.
Dynamic Trade Management
May include breakeven and trailing stop functionality.
Equity Protection
Allows maximum drawdown or equity stop limits to protect capital.
MT4 Strategy Tester Compatibility
Supports historical backtesting for performance evaluation.
VPS Compatibility
Designed for continuous 24/5 execution on a Virtual Private Server.

Recommended Conservative Settings

For stable long-term performance:

Risk per trade: 1–2% of account balance
Lot size: 0.01 per $1,000 as a conservative guideline
Maximum open trades: 1–2
Equity stop: 20–30%
Moderate stop loss and take profit
Leverage: 1:100 or lower

Because gold is volatile, conservative configuration is strongly recommended.

Backtest Result

Backtest performance depends on:

Market structure (trending vs ranging)
Broker spread and execution
Timeframe selection
Risk configuration

In trending gold markets, historical testing may show steady growth with manageable drawdowns under conservative settings. During choppy or high-impact news conditions, drawdowns may increase. Independent backtesting in MT4 Strategy Tester is recommended before live trading.

Advantages

Optimized for Gold Trading
Structured specifically for XAUUSD volatility.
Eliminates Emotional Trading
Executes trades based on predefined logic without psychological interference.
Structured Risk Management
Integrates stop loss, take profit, and equity protection.
Consistent Rule Application
Applies identical strategy logic to every trade.
Time Efficient
Reduces need for constant monitoring.

Disadvantages

High Volatility Risk
Gold price spikes can increase drawdown quickly.
Market Condition Sensitivity
Performance may vary between trending and ranging markets.
Broker Dependency
Spread widening and slippage can impact results.
Not Risk-Free
No automated system guarantees profits.

Installation & Setup Guide

Step 1: Download the EA file (.ex4 or .mq4).
Step 2: Open MetaTrader 4 and click File → Open Data Folder.
Step 3: Navigate to MQL4 → Experts.
Step 4: Paste the EA file into the Experts folder.
Step 5: Restart MetaTrader 4.
Step 6: Open XAUUSD chart on recommended timeframe (commonly M15 or H1).
Step 7: Drag the EA from Navigator → Expert Advisors onto the chart.
Step 8: Adjust input parameters according to your risk tolerance.
Step 9: Enable AutoTrading.
Step 10: Test on a demo account before live trading.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

WhatsApp: Click here

Telegram Group: Join our community

Disclaimer:

Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.