Loading...
Gold or MT4 (MT4) — review, price and free alternatives
MT4 expert advisor$99 on MQL5by Ebrahim Mohamed Ahmed Maiyas
Gold or MT4 is a MetaTrader 4 expert advisor by Ebrahim Mohamed Ahmed Maiyas, sold on the MQL5 Market for $99. It can't be downloaded here: buy it, or try its free demo, on its MQL5 page. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you buy.
Gold or MT4 — key facts
- Platform
- MetaTrader 4 (MT4)
- Product type
- Expert advisor
- Instrument named in the listing
- XAU/USD (gold)
- Developer
- Ebrahim Mohamed Ahmed Maiyas
- Price
- $99
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Gold or MT4 on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
Expert Advisor for Gold Trading. The Expert Advisor uses three indicators, one of which is a custom indicator built specifically for gold trading.
Before you buy Gold or MT4
What the developer claims
- Final price $1999 No Risky Strategies – Does not use martingale or grid methods The expert uses three indicators, which are: Custom indicator : The indicator gives a signal for the direction in which the market may move.
Quoted from the listing. We have not tested these claims.
What to check first
- A live track record. Ask for an MQL5 signal on a real account, ideally three months or longer. Back-tests and screenshots are not a track record.
- The free demo first. The MQL5 Market lets you run a free demo of a paid MT4 expert advisor in the Strategy Tester before you buy.
- Risk controls. Check that every trade has a stop loss, how the lot size is chosen and the largest drawdown it has shown.
- Broker conditions. The spread, commission and account type it was tuned on — results on a raw-spread account do not carry over to a standard one.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on Gold or MT4
Compiled from its public MQL5 listing. FxRobotEasy has not traded Gold or MT4; what these notes say about how it works comes from that listing.
Overview
The review examines live and backtested results, the role of the custom gold indicator, and how the three-indicator combination affects entries and exits.
Gold or MT4 is unique because it blends a proprietary gold indicator with two standard confirmations, creating a layered decision process that prioritizes direction and momentum. The algorithm looks for alignment between the custom indicator and the confirmation tools before opening a single trade, which helps reduce whipsaw losses. The advisor performs best during trending intraday sessions and quieter trending ranges, and it explicitly avoids martingale and grid approaches to manage tail risk.
In practical terms the expected performance characteristics are moderate win rates with controlled drawdowns rather than explosive returns. The EA is tuned for frequent intraday opportunities on M15 to H1 charts, and it requires careful broker selection for spreads on XAUUSD. Overall, Gold or MT4 delivers a transparent, rules-based approach suitable for traders who prefer predictable risk controls rather than aggressive compounding.
Risk notes
Gold or MT4 is best classified as a moderate risk system because it targets steady returns with controlled exposure rather than high leverage speculation. Stop loss strategy uses predefined stops per trade and consistent risk per position to prevent large single-trade losses. Position sizing is recommended as a percentage of account equity, commonly 0.5 to 1.5 percent risk per trade to limit portfolio drawdown. Vulnerabilities include rapid volatile spikes in XAUUSD and sudden spread widening that can impact fills. Recommended minimum account size for prudent testing and live use is $1,000 to $2,000 depending on risk tolerance.
Listed strengths
- Custom indicator focused on gold market dynamics
- No martingale or grid reduces catastrophic risk
- Single-position execution simplifies risk control
- Compatible with MT4 and common broker setups
- Transparent pricing model during launch phase
Worth checking
- Requires careful broker selection for tight spreads
- Performance sensitive to sudden gold volatility
- Price increases after purchase groups reduce accessibility
- Not optimized for long-term swing trading
Setup
Install Gold or MT4 by copying the expert file and the custom indicator into the MT4 Experts and Indicators folders. Restart MT4 and attach the expert to an XAUUSD chart on the M15 or H1 timeframe. Configure key parameters such as fixed stop loss, take profit, risk percent per trade, and the custom indicator sensitivity. Choose brokers with tight XAUUSD spreads and reliable order execution where possible. Run forward tests on a demo account and perform at least three months of live-sim testing before committing real capital.
Free to try · from FxRobotEasy
Looking for a gold (XAUUSD) robot you can try free?
Our robots at work. Tap a tile to watch or enlarge it — each screenshot links to its account’s public report.
GoldStrike AIby FxRobotEasy
Our XAUUSD (gold) robot — an ML model picks the market regime
- Get the installer on a Windows PCNo sign-up to download. On a phone, send yourself the link.
- Run it and sign in inside the appGoogle, Telegram or e-mail — about 10 minutes in all.
- Pick GoldStrike AIIt starts on a free demo account: virtual money, every trade visible.
FxRobotEasy on Telegram
The team's notes, every day
- What we ship, what breaks and how we fix it
- GoldStrike AI in our bot — set up from your phone, run it on a Windows PC
- Questions answered in the bot
Gold or MT4 or GoldStrike AI?
| Gold or MT4 | GoldStrike AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($99) | Free installer; runs on a demo account first |
| Platform | MT4 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Ebrahim Mohamed Ahmed Maiyas | FxRobotEasy |
Gold or MT4 — questions
What is Gold or MT4?
Gold or MT4 is a MetaTrader 4 Expert Advisor (trading robot) published on the MQL5 Market by Ebrahim Mohamed Ahmed Maiyas, priced at $99 USD. As an Expert Advisor it can open and manage positions on its own once it is attached to a chart and algorithmic trading is enabled in the terminal.
What strategy does Gold or MT4 use?
Gold or MT4 is unique because it blends a proprietary gold indicator with two standard confirmations, creating a layered decision process that prioritizes direction and momentum. The algorithm looks for alignment between the custom indicator and the confirmation tools before opening a single trade, which helps reduce whipsaw losses. The advisor performs best during trending intraday sessions and quieter trending ranges, and it explicitly avoids martingale and grid approaches to manage tail risk.
Does Gold or MT4 work on MT4 or MT5?
Gold or MT4 runs on MetaTrader 4, not MetaTrader 5. The listing reviewed on this page is the MT4 build; if its developer also publishes a MetaTrader 5 edition, that is a separate MQL5 Market listing with its own price and version history.
How much does Gold or MT4 cost?
Gold or MT4 is a paid product listed at $99 USD on the MQL5 Market, the price recorded when its listing was last checked on 2025-12-31. It is sold and downloaded through the developer's (Ebrahim Mohamed Ahmed Maiyas) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for Gold or MT4?
FxRobotEasy has not traded Gold or MT4 on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for Gold or MT4 elsewhere comes from its developer or from a third party.
How is Gold or MT4 installed and set up?
Install Gold or MT4 by copying the expert file and the custom indicator into the MT4 Experts and Indicators folders. Restart MT4 and attach the expert to an XAUUSD chart on the M15 or H1 timeframe. Configure key parameters such as fixed stop loss, take profit, risk percent per trade, and the custom indicator sensitivity. Choose brokers with tight XAUUSD spreads and reliable order execution where possible. Run forward tests on a demo account and perform at least three months of live-sim testing before committing real capital.
Similar expert advisors
Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.