The demand for gold trading systems has grown rapidly as more traders look for automation to handle the volatility of the XAUUSD market. Among the many Expert Advisors designed for MetaTrader 4, the Greedy Golden EA V1.90 MT4 stands out for its dual strategy and practical approach to risk management. This EA is an upgrade from earlier releases, offering stronger adaptability, faster execution, and improved handling of different market conditions.

Whether you are a beginner exploring automated systems for the first time or an experienced trader seeking efficiency, Greedy Golden EA V1.90 provides the tools necessary to capture both short-term fluctuations and long-term price movements.

What Makes Greedy Golden EA V1.90 Different?

Unlike many bots that focus solely on either scalping or trend trading, this EA blends both approaches. When gold is trending strongly, it aligns trades in the direction of the broader move. During consolidation phases, it switches gears and executes quick trades that take advantage of smaller price ranges.

The result is a trading model that remains active in most conditions without exposing the account to unnecessary risks. Traders also have full control over lot sizing, risk percentage, and stop loss settings, making the EA adaptable to accounts of different sizes.

Core Features

  1. Specialized for XAUUSD: Optimized exclusively for gold trading, ensuring its strategies are not diluted across other assets.
  2. Dual Trading Engine: Integrates trend-following with short-term scalping for more consistent opportunities.
  3. Enhanced Version 1.90 Improvements: Faster trade management, refined algorithms, and better handling of market volatility compared to older builds.
  4. Risk Management Settings: Customizable options for maximum drawdown, stop loss, and trailing stop.
  5. User Friendly: Quick installation and setup on MT4 without requiring advanced coding knowledge.

Recommended Parameters

  • Pair: XAUUSD (Gold)
  • Best Timeframes: M5, M15, and M30 (M15 often shows stable performance)
  • Minimum Deposit: $500 (recommended to start with higher capital for smoother results)
  • Leverage: 1:500 or above
  • Broker Type: ECN or STP accounts with low spreads
  • Hosting: VPS service for uninterrupted 24/7 trading

Performance and Backtests

Greedy Golden EA has been subjected to both backtesting and forward testing under different conditions:

  • Backtests often show win rates between 75–85%, with drawdowns ranging from 15% to 30%.
  • Live testing records claim account growth exceeding 200% in under five months when operated with conservative risk settings.
  • Stress tests reveal that while profits are promising, high leverage without strict money management can lead to significant equity swings.

The V1.90 upgrade has further reduced trade execution lag, giving the EA an advantage during volatile sessions when gold prices can shift dramatically.

Benefits for Traders

  1. Automation of Gold Trades – Traders do not need to manually monitor every tick of the market.
  2. Flexibility – Works with both small accounts (from $500) and larger portfolios.
  3. Time Efficiency – Allows traders to diversify or focus on other strategies while the EA runs in the background.
  4. Adaptability – Adjusts to both trending and sideways markets.
  5. Learning Opportunity – New traders can observe how automated strategies handle different scenarios.

Risks to Consider

Even though Greedy Golden EA V1.90 shows strong potential, traders must remain cautious:

  • Market Dependency: Since it trades only gold, diversification is limited.
  • Execution Differences: Broker spreads and slippage can affect real-world results.
  • Equity Drawdowns: At higher risk settings, drawdowns can be steep, requiring patience and discipline.
  • No Guarantee: Like all trading systems, it does not ensure profits in every market condition.

For these reasons, running the EA on a demo or micro account before scaling up is highly recommended.

Practical Tips for Best Results

  1. Demo First, Live Later: Always test the EA on a demo account with your broker before moving to real money.
  2. Set Risk Parameters: Keep risk per trade within 2–5% of account equity.
  3. Avoid High-Impact News: Pause trading or lower exposure before major gold-related announcements.
  4. VPS Hosting: A reliable VPS ensures continuous operation, avoiding downtime issues.
  5. Gradual Scaling: Increase lot sizes only after consistent positive results.

Why Traders Choose Greedy Golden EA V1.90

This Expert Advisor has evolved through multiple updates, with V1.90 being the most refined. By merging two profitable approaches, it ensures that traders are not solely dependent on one style. For those who prefer gold as their primary instrument, this EA provides a tailored solution designed specifically around its characteristics.

It is particularly appealing for beginners because of its plug-and-play nature, while professionals can customize parameters to suit advanced strategies.

Conclusion

The Greedy Golden EA V1.90 MT4 is more than just another trading bot – it’s a specialized solution for traders who want to capture gold’s potential through automation. With its dual strategy system, adaptive risk controls, and consistent upgrade cycle, it can be a valuable addition to any trading toolkit.

As with all EAs, success depends on disciplined money management, proper broker selection, and realistic expectations. For traders seeking a reliable and flexible automated gold trading system, Greedy Golden EA V1.90 is worth testing and implementing.