XAU Assassin: Automated MT4 Gold Trading with Verified Risk Controls

This XAU Assassin review from 2026 presents a detailed performance and strategy analysis based on available live and demo testing. The first impression is an algorithm built specifically for gold volatility, combining trend-following logic with volatility filters to reduce false entries. XAU Assassin places emphasis on clearly defined entry and exit rules, and the developer Saravanan Venkatesan provides the EA free initially for testing, allowing traders to validate edge without upfront fees. What makes XAU Assassin unique is its single-market focus: tuning parameters, risk metrics, and trade filters are all calibrated to XAUUSD price behavior rather than a generic multi-pair approach. The algorithm uses higher timeframes for direction and lower timeframes for execution, typically entering trades when momentum, volatility, and a time-of-day filter align. Market conditions that favor the EA are trending gold markets and sessions with sustained volatility such as London and New York overlaps. Range-bound quiet periods trigger the EA's filters and reduce trade activity. Risk management is embedded via adaptive position sizing, fixed per-trade max risk, and a trailing stop that seeks to protect profits while permitting reasonable run-ups. Expected performance characteristics include moderate monthly returns with controlled maximum drawdowns when parameters are set conservatively. Traders should expect variable trade frequency tied to gold volatility, and results will depend on broker spreads, slippage, and account leverage. Overall, XAU Assassin is an educational, testable entry into automated gold strategies for MT4 users.