Gold on Ichimoku EA V1.4 MT4

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

1. Download the EA
   Download the Gold on Ichimoku EA V1.4 file (usually in .ex4 format).

2. Open MT4 Data Folder
   Open MetaTrader 4.
   Click File → Open Data Folder.

3. Copy the EA File
   Go to MQL4 → Experts.
   Paste the Gold on Ichimoku EA V1.4.ex4 file into the Experts folder.

4. Restart MT4
   Close and reopen MetaTrader 4 so the EA appears in the Navigator panel.

5. Enable Automated Trading
   Go to Tools → Options → Expert Advisors.
   Enable:

• Allow automated trading

• Allow DLL imports (if required)
  Click OK.

1. Open the Correct Chart
   Open the XAUUSD (Gold) chart.
   Select the recommended timeframe (commonly H1 or H4 depending on strategy configuration).

2. Attach the EA
   In Navigator → Expert Advisors, locate Gold on Ichimoku EA V1.4.
   Drag it onto the XAUUSD chart.

3. 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.

1. 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.

2. 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.