Introduction

Gold on Ichimoku EA V1.4 MT4 is an automated trading system developed specifically for XAUUSD (Gold). The expert advisor is based on the Ichimoku indicator and focuses on identifying trend direction, momentum strength, and optimal entry points. It is suitable for traders who prefer rule-based, systematic gold trading with minimal manual involvement.

Key Features

Ichimoku-based trend and entry logic
Designed exclusively for XAUUSD (Gold)
Fully automated trade execution
Built-in risk and lot management options
Compatible with multiple timeframes

Recommended Settings

Trading Pair: XAUUSD
Timeframe: H1 or H4
Minimum Deposit: $200–$500
Risk Level: Low to Medium
Lot Size: Auto or manual based on balance
Broker Type: Low-spread ECN broker

Backtest Result (Summary)

Shows stable performance during trending market phases
Controlled drawdown with steady equity growth
Performs best in clear bullish or bearish gold trends

Advantages

Fully automated gold trading
Uses a well-known Ichimoku strategy
Removes emotional decision-making
Beginner-friendly with flexible settings

Disadvantages

Less effective in ranging or sideways markets
Requires proper risk configuration
No guarantee of profits under all market conditions.

Installation & Setup guide

Download the EA
Download the Gold on Ichimoku EA V1.4 file (usually in .ex4 format).
Open MT4 Data Folder
Open MetaTrader 4.
Click File → Open Data Folder.
Copy the EA File
Go to MQL4 → Experts.
Paste the Gold on Ichimoku EA V1.4.ex4 file into the Experts folder.
Restart MT4
Close and reopen MetaTrader 4 so the EA appears in the Navigator panel.
Enable Automated Trading
Go to Tools → Options → Expert Advisors.
Enable:

Allow automated trading
Allow DLL imports (if required)
Click OK.

Open the Correct Chart
Open the XAUUSD (Gold) chart.
Select the recommended timeframe (commonly H1 or H4 depending on strategy configuration).
Attach the EA
In Navigator → Expert Advisors, locate Gold on Ichimoku EA V1.4.
Drag it onto the XAUUSD chart.
Configure Inputs
In the Inputs tab:

Set lot size (fixed or risk-based).
Adjust risk percentage (1–2% recommended).
Configure Stop Loss and Take Profit if customizable.
Set spread filter and slippage settings.
Load preset (.set) file if provided.

Click OK.

Activate AutoTrading
Ensure the AutoTrading button at the top of MT4 is green.
Confirm the smiley face appears in the upper-right corner of the chart.
Recommended Setup

Use a low-spread broker with strong gold execution.
Leverage 1:100 or higher.
Minimum deposit: $1000 recommended due to gold volatility.
Use a VPS for stable 24/5 operation.
Backtest using MT4 Strategy Tester 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.