GoldMiner Pro EA V5.61 MT4

Introduction

GoldMiner Pro EA V5.61 MT4 is an automated trading robot made for MetaTrader 4 traders who want a more disciplined, hands-free approach. It’s built to scan the market, enter trades based on its internal logic, and manage positions using preset risk rules—so you don’t have to watch charts all day.

Key Features

• Fully automated trade execution on MT4
• Built-in risk management options (fixed lot / auto lot)
• Works with Stop Loss + Take Profit (if enabled in settings)
• Filters for avoiding bad entries during unstable market phases
• Spread and slippage control (helps reduce messy entries)
• Trade management tools like trailing / breakeven (if available in your set file)

Recommended Settings

Best Timeframe: M15 or H1 (safer on H1)
Pairs: XAUUSD recommended (if broker offers stable gold spreads), otherwise major pairs with low spread
Lot Type:

• Small account: Fixed lot (example 0.01 per $100–$200)
• Bigger account: Auto lot (low risk % like 0.5%–1%)

Risk (important):

• Start with low risk (0.5%–1%)
• Max spread filter: keep tight (example 25–35 points on gold depending broker digits)
• Avoid running during major news if the EA doesn’t have a news filter

Backtest Result

• Period tested: 3–12 months (recommended)
• Win rate: Moderate to high (varies by pair + spread)
• Drawdown: Low–medium on conservative risk
• Profit factor: Usually improves when spread is low and risk is controlled
• Best performance: Stable sessions (London/NY overlap for gold)

Advantages

• Saves time (hands-free automated execution)
• Removes emotional trading
• Can be tuned for low-risk style
• Better consistency than manual overtrading (when settings are correct)

Disadvantages

• Performance depends heavily on broker spread + execution
• Wrong risk settings can blow drawdown quickly
• Not ideal during high-impact news spikes (unless it has strong filters)
• Needs testing on demo/VPS before real funds

Installation & Setup Guide

1. Download the EA
   Download the GoldMiner Pro EA V5.61 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 GoldMiner Pro EA V5.61.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 by the EA)
  Click OK.

1. Open the Correct Chart
   Open the XAUUSD (Gold) chart.
   Select the recommended timeframe (commonly M5, M15, or M30 depending on preset).

2. Attach the EA
   In Navigator → Expert Advisors, locate GoldMiner Pro EA V5.61.
   Drag it onto the XAUUSD chart.

3. Configure Inputs
   In the Inputs tab:

• Set lot size (fixed lot or risk-based).

• Adjust risk percentage conservatively (1–2% recommended for gold).

• Configure spread filter and slippage settings.

• Set maximum trades or recovery multiplier if available.

• 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 or more recommended due to gold volatility.

• Use a VPS for stable 24/5 operation.

• Backtest using MT4 Strategy Tester before going live.

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.