Introduction

Tired of overpriced robots that promise the moon but barely scrape mas… well, Gold Fisher EA MT5 might just be your catch of the day. This 100% free Expert Advisor by YoForex brings precision gold scalping right to your MetaTrader 5 charts—no subscription fees, no hidden modules; just pure, battle-tested code designed to net you consistent pips on XAUUSD. Whether you’re a total newbie or a seasoned pro, you’ll appreciate how straightforward this EA is: plug it in, set your risk, and let it fish for gold while you focus on the bigger picture.

Gold Fisher EA MT5 isn’t some half-baked script; it’s been rigorously back-tested across multiple market regimes and tweaked by YoForex’s in-house quants. And cuz it’s free, there’s no harm in giving it a spin on demo first—test out those 1–2% daily targets without putting real capital at risk. Spoiler alert: you might just fall in love with gold scalping all over again.

Overview

Gold Fisher EA MT5 is built specifically for gold scalping on the MT5 platform. It hunts for micro-trends and quick retracements, entering positions on high-probability setups identified via custom moving-average crossovers and volatility filters. Unlike some EAs that rely on risky martingale tactics, Gold Fisher EA MT5 uses fixed lot sizing and dynamic stop-loss placement to keep drawdowns under control.

Key design points:

  • Fully coded in MQL5 by YoForex’s core dev team
  • Optimized for XAUUSD on M1–M15 timeframes
  • Lightweight footprint: minimal CPU/RAM usage so your PC won’t lag

If you’ve tried tools like our Galaxy Gold Scalper V3.0 or the Quantum Gold Emperor EA V1.2, you’ll notice Gold Fisher plays a slightly different tune—more conservative risk settings, tighter spreads, and an emphasis on statistical edge. Want broader context? Check out our Beginner’s Guide to MT5 Expert Advisors for tips on getting started.

Key Features

• +1–2% daily profit targets on average under normal volatility
• Max drawdown capped at 5% per month (no martingale!)
• Adaptive lot sizing based on account balance
• Custom MA crossover entry and exit filters
• Real-time spread and slippage checks
• Built-in news filter to avoid major economic events
• Works on XAUUSD M1, M5, M15 timeframes
• Supports both hedging and netting account types
• Simple risk-reward ratio input (e.g., 1:1.5, 1:2)
• Auto-calibrates stop-loss and take-profit levels
• Low CPU/RAM footprint; won’t slow down your VPS
• 24/5 operation with built-in GMT offset adjustment

Backtest Results & Proof

YoForex’s quant team ran Gold Fisher EA MT5 through 3 years of tick-by-tick data on XAUUSD (Jan 2021–Dec 2023) using default settings. The equity curve shows a smooth upward drift with an overall gain of 350% and maximum drawdown of just 4.8%. Trades per day averaged 5–8, striking a balance between activity and risk management.

In live-demo action, the EA maintains a 1.5% daily average return over 2 months, boasting a win rate of 63% and a profit factor of 1.8. While past performance doesn’t guarantee future results, these numbers speak volumes—especially for a free EA you don’t have to pay a dime for.

How to Install & Configure

  1. Download the EA: click the Download Gold Fisher EA MT5 link on MQL5.software.
  2. Copy “GoldFisherEA.ex5” into your MT5 Experts folder (File → Open Data Folder → MQL5 → Experts).
  3. Restart MT5; you’ll see Gold Fisher EA under the Experts list.
  4. Attach it to an XAUUSD chart (M1/M5/M15) by dragging it onto the chart.
  5. Open the Inputs tab and tweak:
  • RiskPercent: your per-trade risk (e.g., 1.0 for 1%)
  • RRRatio: Risk-Reward Ratio (default 1:1.5)
  • MaxSpread: max spread allowed (e.g., 3 pips)
  • NewsFilter: true/false (default true)

  1. Enable AutoTrading (click the “Algo Trading” button on toolbar).

Run it on a demo first until you’re comfortable—tho once you see it in action, you might wanna go live pretty quick.

Why Choose YoForex-Powered Tools?

YoForex has a proven track record of delivering high-quality, no-cost EAs and indicators. We believe traders shouldn’t have to break the bank just to test algorithmic strategies. All our tools, from Gold Fisher EA MT5 to our popular Goldex AI EA, come with:

  • Free access policy—no trial fees, ever
  • Regular updates based on user feedback
  • Transparent performance reports you can replicate
  • Community-driven development—we listen to you

Choosing YoForex means you join a global crowd of savvy traders who know that great tools don’t always cost an arm n’ a leg.

Support & Contact

Hit any bug or need a tweak? Just ping us on WhatsApp or hop into our Telegram group. Our devs and support crew are on standby 24/5 to help sort out issues, suggest optimal settings, or just chat trading.

Disclaimer: Past performance is not a guarantee of future returns. Algorithmic trading carries risk—always test on demo first and trade responsibly. Use adequate risk management and never risk more than you can afford to lose.

Call to Action

Ready to reel in those pips? Grab your free copy of Gold Fisher EA MT5 now on MQL5.software and start scalping gold with precision—no strings attached. Download, configure, and let the EA work its magic while you chill. Remember, unlimited support is just a click away via WhatsApp or Telegram… so what’re you waiting for?

Happy Tradinng