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Midas Touch MT4 (MT4) — review, price and free alternatives
MT4 expert advisor$129 on MQL5by Lin Lin Ma
Midas Touch MT4 is a MetaTrader 4 expert advisor by Lin Lin Ma, sold on the MQL5 Market for $129. 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.
Midas Touch MT4 — key facts
- Platform
- MetaTrader 4 (MT4)
- Product type
- Expert advisor
- Instrument named in the listing
- XAU/USD (gold)
- Developer
- Lin Lin Ma
- Price
- $129
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Midas Touch MT4 on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
Midas Touch Midas Touch is an automated trading program specially developed for the MT4 trading platform, focusing on the gold (XAUUSD) variety and adapted for the 5-minute (M5) chart scenario.
Before you buy Midas Touch MT4
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 Midas Touch MT4
Compiled from its public MQL5 listing. FxRobotEasy has not traded Midas Touch MT4; what these notes say about how it works comes from that listing.
Overview
In this review the analysis highlights how smaller sequential entries allow the program to adapt to short-term volatility on the M5 chart and avoid the impact of single large entry slippage.
What makes Midas Touch MT4 unique is its systematic trade-splitting approach combined with strict session filters and drawdown thresholds. The algorithm monitors price momentum and executes trade clusters when predefined volatility and direction conditions align. In practice, the EA performs best in trending or orderly corrective short-term moves in XAUUSD and may underperform during random high-spike news events. Risk management is handled via per-cluster stop loss, maximum concurrent cluster limits, and optional daily loss caps.
Risk notes
Risk level for Midas Touch MT4 is moderate when configured with conservative lot sizing and strict cluster limits. The EA uses per-cluster stop loss logic rather than a single universal stop, which spreads risk across smaller positions. Position sizing should follow percentage-of-equity rules; typical recommendations are 0.5-1.5% risk per cluster depending on account size and leverage. Vulnerabilities include high-impact fundamental events and extremely choppy market sessions that produce whipsaws and cluster losses. Recommended account size is at least $1,000 for micro-lots or $5,000+ for standard lot trading to provide margin buffer and withstand drawdown periods when market conditions are unfavorable. Monitor live behavior for 30-90 days before increasing risk.
Listed strengths
- Adaptive split-order approach reduces single-entry risk
- Designed specifically for XAUUSD on M5 charts
- Configurable risk and drawdown controls
- Suitable for both micro and standard accounts
- Clear settings for session and volatility filters
Worth checking
- Requires re-optimization for different brokers
- Performance sensitive to high-impact news
- Not intended for long-term higher timeframe trading
- Requires active monitoring during volatile sessions
Setup
Install the Midas Touch MT4 expert file into the MT4 experts folder and restart the platform to load the EA. Attach Midas Touch MT4 to an XAUUSD M5 chart, enable automated trading, and allow DLL imports if required by your broker. Key parameters to configure include initial lot size, maximum clusters per session, per-cluster stop loss, and daily loss limit. Recommended brokers are ECN or STP brokers with stable execution and low slippage on gold pairs. Always run forward testing on a demo account for at least 30 days and perform a 1:1 backtest with your broker’s spreads to verify expected behavior before funding live accounts.
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
Midas Touch MT4 or GoldStrike AI?
| Midas Touch MT4 | GoldStrike AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($129) | Free installer; runs on a demo account first |
| Platform | MT4 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Lin Lin Ma | FxRobotEasy |
Midas Touch MT4 — questions
What is Midas Touch MT4?
Midas Touch MT4 is a MetaTrader 4 Expert Advisor (trading robot) published on the MQL5 Market by Lin Lin Ma, priced at $129 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.
Does Midas Touch MT4 work on MT4 or MT5?
Midas Touch 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 Midas Touch MT4 cost?
Midas Touch MT4 is a paid product listed at $129 USD on the MQL5 Market, the price recorded when its listing was last checked on 2026-01-23. It is sold and downloaded through the developer's (Lin Lin Ma) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for Midas Touch MT4?
FxRobotEasy has not traded Midas Touch 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 Midas Touch MT4 elsewhere comes from its developer or from a third party.
How is Midas Touch MT4 installed and set up?
Install the Midas Touch MT4 expert file into the MT4 experts folder and restart the platform to load the EA. Attach Midas Touch MT4 to an XAUUSD M5 chart, enable automated trading, and allow DLL imports if required by your broker. Key parameters to configure include initial lot size, maximum clusters per session, per-cluster stop loss, and daily loss limit. Recommended brokers are ECN or STP brokers with stable execution and low slippage on gold pairs. Always run forward testing on a demo account for at least 30 days and perform a 1:1 backtest with your broker’s spreads to verify expected behavior before funding live accounts.
What are the pros and cons of Midas Touch MT4?
Strengths of Midas Touch MT4: Adaptive split-order approach reduces single-entry risk; Designed specifically for XAUUSD on M5 charts; Configurable risk and drawdown controls; Suitable for both micro and standard accounts; Clear settings for session and volatility filters. Limitations: Requires re-optimization for different brokers; Performance sensitive to high-impact news; Not intended for long-term higher timeframe trading; Requires active monitoring during volatile sessions.
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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.