Introduction

EA Golden Elephant V8.0 MT4 is an automated trading system for MetaTrader 4 that uses a multi-strategy approach combining trend analysis and price action. It is designed to identify trading opportunities across different market conditions and execute trades automatically with built-in risk management.

Key Features

Fully automated MT4 trading system
Multi-strategy logic (trend + price action)
Continuous market monitoring
Built-in stop loss and take profit
Dynamic trade management
Multi-pair trading capability
Customizable lot size and risk settings
Adapts to trending and ranging markets

Recommended Settings

Timeframe: M15 or H1
Pairs: Major forex pairs (EURUSD, GBPUSD, USDJPY)
Lot Size: 0.01 per $1000 balance
Risk Level: 1%–3% per trade
Broker Type: ECN or low-spread broker
VPS: Recommended for 24/7 stability
Trading Sessions: All sessions (continuous operation)

Backtest Result

Shows stable performance under optimized settings
Performs in both trending and ranging markets
Moderate drawdown with proper risk management
Trade frequency depends on market conditions
Results vary based on broker and spread
Forward testing recommended before live use

Advantages

Multi-strategy trading approach
Fully automated and emotion-free execution
Adapts to different market environments
Supports multi-pair diversification
Built-in risk management
Customizable settings
Continuous trading capability

Disadvantages

Requires proper setup and optimization
Performance depends on broker conditions
Needs VPS for best performance
Not suitable for very small accounts
Drawdowns can occur
No guaranteed profits

Installation & Setup Guide

Download EA file (.ex4)
Open MT4 → File → Open Data Folder
Paste file into MQL4 → Experts folder
Restart MT4 platform
Attach EA to chart
Enable AutoTrading
Set lot size and risk parameters
Allow DLL imports if required
Use VPS for stable performance
Test on 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.