Elise Gold EA Source Code V1.65 MQ4 – Unlock Advanced Gold Trading Logic

If you've ever been frustrated with EAs that almost work—but blow your account the moment gold goes volatile—then you’re gonna wanna stick around for this one.

Elise Gold EA Source Code V1.65 MQ4 is a MetaTrader 4 (MT4) expert advisor coded with serious precision. It’s tailored specifically for XAUUSD (gold) traders who need both agility and accuracy when volatility hits. Whether you’re a strategy tweaker, backtest nerd, or a plug-and-play trader who likes to experiment—this one’s gold. Literally.

And the best part? The source code is included. Meaning: You can modify it. Upgrade it. Learn from it. Or just let it run as-is and chill while the EA does the heavy lifting.

Overview – What is Elise Gold EA V1.65?

Elise Gold EA V1.65 MQ4 is a fully automated Expert Advisor developed for trading gold (XAUUSD) using precision-based entry and exit techniques on the MT4 platform. Built by developers with real market experience (not some random copy-paste stuff), it combines trend-following logic, safe risk control, and optimized trade management algorithms.

This version (V1.65) is particularly notable because it includes the source code, allowing full customization in MQL4. That's ideal for devs, algo-traders, or even intermediate traders looking to fine-tune risk, logic conditions, or even SL/TP methods based on their trading style.

It’s designed to work on M1 through H1 timeframes but is most effective on H1 for stability and better filtering of false signals. Elise Gold EA can operate with both fixed and dynamic lot sizes and adapts quite well to changing market structures.

Developed under the YoForex umbrella, this EA has been through multiple backtests and live deployments. And we’re not just talkin’ about pretty lines on a chart—we’re talkin’ hundreds of trades across varying market cycles, volatility surges, and unexpected trend flips.

Key Features

Here’s what makes Elise Gold EA V1.65 stand out from the usual MT4 bots floating around:

• + Source Code Included (in .mq4 format)
• + Designed specifically for Gold (XAUUSD)
• + Multi-timeframe compatibility – optimized for H1
• + Supports both Fixed Lot and Auto Lot sizing
• + Stop Loss & Take Profit dynamically calculated
• + No martingale, no grid – pure logic-based entries
• + High-frequency signal scanning (every tick mode)
• + Smart trailing stop & breakeven logic built-in
• + Trend & volatility filters reduce fakeouts
• + Manual control over max spread, slippage & magic number
• + Recovery system optional – off by default
• + Works best with ECN brokers with low spreads
• + Fully backtestable and live-trading tested

Backtest Results – Does Elise Gold EA Actually Perform?

Now onto the juicy part—performance. During backtesting using every tick model on the H1 timeframe, Elise Gold EA V1.65 demonstrated a consistent equity curve with relatively low drawdowns. The model was tested on XAUUSD over a 5-year range (2020–2024), covering major market events including Fed rate hikes, geopolitical tensions, and erratic gold spikes.

Highlights from the test:

Win Rate: ~76%
Max Drawdown: 8.3%
Monthly ROI (avg): 7.5%
Largest Losing Streak: 3 trades
Average Number of Trades per Month: ~40

It’s worth noting that Elise Gold EA keeps risk under control by using SL/TP on every trade—no endless drawdowns from open positions, which is a fatal flaw in many free bots.

And in live demo environments, Elise Gold EA continued to perform within 10–12% deviation of backtest results—a sign that the strategy isn't overfit.

Image Suggestion:

Image 1: Backtest Equity Curve Screenshot (Alt Text: Equity curve of Elise Gold EA V1.65 backtest on XAUUSD H1)
Image 2: Risk-Reward Infographic (Alt Text: Visual representation of average ROI vs. max drawdown for Elise EA V1.65)

Installation & Configuration

Setting up Elise Gold EA Source Code V1.65 on your MT4 is easy, even if you’re not super technical. Here’s how to do it:

Download the MQ4 file (source code version).
Open your MetaTrader 4 → Go to File > Open Data Folder.
Navigate to MQL4 > Experts and paste the .mq4 file.
Restart MT4 or hit Ctrl+N, then drag ‘EliseGoldEA’ to your chart.
Select H1 timeframe and attach to XAUUSD pair.
Enable AutoTrading.
Open the EA Inputs tab and configure your settings:

- Risk level (Fixed Lot or Auto Lot)
- Enable trailing stop or breakeven
- Set Max Spread and Slippage tolerances

Recommended Broker Settings:

ECN account
Leverage: 1:500
Min deposit: $200
Spread: Below 20 pips for gold

Why Choose YoForex-Powered Tools?

YoForex has carved a name for itself by offering free, pro-level trading tools to retail traders who otherwise get locked out of premium strategies. Elise Gold EA V1.65 is just another example of that vision—sharing not just the compiled EA but the full source code too.

You’re not just getting a tool—you’re getting:

Lifetime updates
Bug fixes
Community insights
Transparent results

Check out more free EAs and indicators on YoForex’s official site, or explore our Beginner's Guide to MT4 EAs for setup help.

Support & Disclaimer

If you run into a bug or want help tweaking the source code, just reach out:

We respond fast—whether it’s installation help or performance tuning.

Disclaimer: Trading Forex and commodities involves risk. Past performance of Elise Gold EA or any automated trading software is not a guarantee of future results. Always backtest and demo test before going live. Use proper risk management and never trade money you can’t afford to lose.