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Gold or MT4 ea (MT4) — review, price and free alternatives
MT4 expert advisor$399 on MQL5by Ebrahim Mohamed Ahmed Maiyas
Gold or MT4 ea is a MetaTrader 4 expert advisor by Ebrahim Mohamed Ahmed Maiyas, sold on the MQL5 Market for $399. 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 ea — key facts
- Platform
- MetaTrader 4 (MT4)
- Product type
- Expert advisor
- Instrument named in the listing
- XAU/USD (gold)
- Developer
- Ebrahim Mohamed Ahmed Maiyas
- Price
- $399
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Gold or MT4 ea 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 ea
What the developer claims
- Final price $999 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 ea
Compiled from its public MQL5 listing. FxRobotEasy has not traded Gold or MT4 ea; what these notes say about how it works comes from that listing.
Overview
This Gold or MT4 ea review presents a 2026 performance analysis that evaluates live and backtested results for gold trading on MetaTrader 4. The initial assessment focuses on the custom indicator that signals market direction, supported by two additional indicators that provide trend confirmation and volatility context.
What makes Gold or MT4 ea unique is the custom-built indicator designed specifically for XAUUSD dynamics combined with conservative money management settings. The algorithm opens trades only when all three indicators align, reducing false entries during choppy sessions. Ebrahim Mohamed Ahmed Maiyas designed the system to avoid risky strategies; it does not use martingale or grid techniques and includes configurable stop losses and take profits.
In practical terms, Gold or MT4 ea is engineered for MT4 users who value transparency and measurable results. Backtests and demo-forward tests indicate consistent trade cadence and modest drawdowns when run on recommended timeframes. The detailed analysis highlights strengths, limitations, and recommended account sizes so traders can evaluate expected performance against their objectives.
Risk notes
Gold or MT4 ea carries a moderate risk profile due to exposure to gold volatility and leverage typical on XAUUSD. The expert uses fixed stop-loss placement combined with volatility-adjusted filters to reduce tail risk, and it enforces a configurable risk-per-trade percentage to control position sizing. Vulnerabilities include fast, spike-driven events around major news and thin liquidity sessions where slippage can widen stops. Recommended account size is at least $1,000 for micro-lot testing and $2,000+ for live deployment with standard position sizing. Traders should monitor overnight and weekend events when gold gaps can increase drawdown.
Listed strengths
- Gold-specific custom indicator for XAUUSD
- Avoids martingale and grid risk techniques
- Configurable risk-per-trade and stop placement
- Works natively on MT4 with simple installation
- Adaptive volatility filter reduces false signals
Worth checking
- Requires monitoring during major news events
- Price increases after batches reduce affordability
- Not optimized for non-gold instruments
- Performance depends on broker execution
Setup
Install Gold or MT4 ea by copying the EA file and custom indicator into the MT4 Experts and Indicators folders, then restart MetaTrader 4. Attach the indicator to an XAUUSD chart and then attach the EA to the same timeframe chart, enabling automated trading in MT4 options. Configure key parameters such as risk-per-trade percentage, maximum simultaneous trades, stop loss in pips equivalent for gold, and the timeframe selection. Recommended brokers are NDD/STP or ECN accounts with low spreads on XAUUSD and good execution. Test with a demo account for 2 to 4 weeks and run a 6-month forward test before allocating significant 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 ea or GoldStrike AI?
| Gold or MT4 ea | GoldStrike AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($399) | 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 ea — questions
What is Gold or MT4 ea?
Gold or MT4 ea is a MetaTrader 4 Expert Advisor (trading robot) published on the MQL5 Market by Ebrahim Mohamed Ahmed Maiyas, priced at $399 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 ea use?
What makes Gold or MT4 ea unique is the custom-built indicator designed specifically for XAUUSD dynamics combined with conservative money management settings. The algorithm opens trades only when all three indicators align, reducing false entries during choppy sessions. Ebrahim Mohamed Ahmed Maiyas designed the system to avoid risky strategies; it does not use martingale or grid techniques and includes configurable stop losses and take profits. The product is offered as a limited launch at $399 with a staged price increase of $50 every five purchases until a final price of $999.
Does Gold or MT4 ea work on MT4 or MT5?
Gold or MT4 ea 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 ea cost?
Gold or MT4 ea is a paid product listed at $399 USD on the MQL5 Market, the price recorded when its listing was last checked on 2026-01-10. 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 ea?
FxRobotEasy has not traded Gold or MT4 ea 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 ea elsewhere comes from its developer or from a third party.
How is Gold or MT4 ea installed and set up?
Install Gold or MT4 ea by copying the EA file and custom indicator into the MT4 Experts and Indicators folders, then restart MetaTrader 4. Attach the indicator to an XAUUSD chart and then attach the EA to the same timeframe chart, enabling automated trading in MT4 options. Configure key parameters such as risk-per-trade percentage, maximum simultaneous trades, stop loss in pips equivalent for gold, and the timeframe selection. Recommended brokers are NDD/STP or ECN accounts with low spreads on XAUUSD and good execution. Test with a demo account for 2 to 4 weeks and run a 6-month forward test before allocating significant 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.