ICT Venom XAUUSD EA V1.0 MT4

Introduction

ICT Venom XAUUSD EA V1.0 MT4 is an automated trading system developed specifically for trading gold (XAUUSD) on the MetaTrader 4 platform. It uses structured directional logic to analyze market conditions and execute trades automatically. The system focuses on capturing gold’s volatility while maintaining controlled risk management through predefined settings.

Key Features

• Fully automated gold trading on MT4
• Directional trend/momentum-based strategy
• Built-in Stop Loss and Take Profit
• Fixed lot and percentage-based risk options
• Spread filtering protection
• Optional trailing stop and trade management
• Session control settings
• VPS-compatible for 24/5 operation

Recommended Settings

• Platform: MetaTrader 4
• Pair: XAUUSD
• Timeframe: M15 or H1 (depending on preset)
• Risk per trade: 1–2% for conservative setup
• Leverage: Moderate (avoid high leverage on gold)
• Broker: Low-spread gold broker with fast execution
• VPS: Recommended for uninterrupted trading

Backtest Result

Backtests typically show better performance during trending gold markets compared to sideways conditions. Drawdowns may occur during choppy or high-impact news periods. Real results depend on broker conditions, spread, and proper risk configuration. Independent backtesting and demo testing are strongly advised.

Advantages

• Gold-specific optimization
• Emotion-free automated execution
• Built-in structured risk management
• Time-saving and consistent rule application
• Customizable risk settings

Disadvantages

• Performance depends on broker spread and execution
• Vulnerable to sudden gold volatility spikes
• Drawdowns possible in ranging markets
• Requires proper lot sizing and monitoring
• VPS may be needed for stable performance

Installation & Setup Guide

Step 1: Download the .ex4 file.
Step 2: Open MT4 → File → Open Data Folder.
Step 3: Navigate to MQL4 → Experts and paste the file.
Step 4: Restart MT4.
Step 5: Enable AutoTrading and allow automated trading in settings.
Step 6: Open XAUUSD chart on recommended timeframe.
Step 7: Drag the EA onto the chart.
Step 8: Configure lot size, risk percentage, spread filter, and other inputs.
Step 9: Ensure smiley face appears in the chart corner.

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.