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About This EA
GOLD HUNTER V8 EA V3.0 MT4
Introduction
GOLD HUNTER V8 EA V3.0 MT4 is an automated trading system developed specifically for gold (XAUUSD) trading on the MetaTrader 4 platform. The Expert Advisor is designed to take advantage of gold’s volatility using structured entry logic and controlled risk management. It aims to remove emotional decision-making and execute trades consistently under predefined rules.
Key Features
- Designed exclusively for XAUUSD (Gold) trading
- Fully automated trading on MT4
- Trades based on market volatility and price behavior
- Avoids aggressive grid-based exposure
- Built-in risk control with limited open positions
- Optimized for low-spread gold brokers
- Suitable for both retail traders and prop-firm style accounts
Recommended Settings
- Timeframe: M5 or M15
- Currency Pair: XAUUSD only
- Lot Size: Start with low risk (0.01 per $500–$1000 balance)
- Account Type: ECN / Low-spread broker recommended
- Trading Hours: London & New York sessions preferred
- Risk Mode: Conservative for long-term stability
These settings help maintain drawdown control while allowing the EA to capture high-probability gold movements.
Backtest Result (Overview)
Historical testing shows that GOLD HUNTER V8 EA focuses on steady equity growth rather than aggressive profit spikes. The EA typically produces a moderate win rate with controlled drawdowns when conservative risk parameters are used. Performance improves significantly on accounts with tight spreads and stable execution.
Advantages
- Fully automated and emotion-free trading
- Specialized for gold market behavior
- Conservative risk structure compared to grid systems
- Simple setup and easy deployment on MT4
- Suitable for traders seeking consistent performance
Disadvantages
- Limited to XAUUSD only
- Performance highly dependent on broker conditions
- Not ideal for very small accounts
- Requires patience; not a high-frequency scalper
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