Gold trading on MT4 just got a whole lot smarter. If you’ve ever stared at the charts for hours, hunting tiny price moves on XAUUSD, you know how exhausting—and risky—it can be. HamzaFX EA V1.91 MT4 is designed to take the guesswork (and the emotion) out of your gold scalping strategy. Built specifically for the M15 timeframe, this Expert Advisor locks onto micro-trends in the gold market to capture 1–2% moves multiple times per day, all with a minimum $200 deposit requirement.
Developed by HamzaFX’s seasoned quants and coders, version 1.91 refines several core algorithms that powered the earlier releases. You’ll notice tighter spread handling, an adaptive news filter, and an optimized money-management engine that never resorts to risky martingale tactics. Behind the scenes, the EA continually analyzes tick-by-tick data, adjusting its entry thresholds according to current volatility levels. The result? Smoother equity curves and fewer drawdown spikes, even during flash crashes or high-impact news on gold.
Key Features:
• 1–2% Daily Profit Targets – Capture small, consistent gains on XAUUSD M15.
• Max Drawdown Capped at 3% – Robust money management keeps your risk in check.
• Adaptive News Filter – Automatically pauses trading during major economic releases.
• No Martingale or Grid Strategies – Eliminates the risk of exponential lot increases.
• Dynamic Lot Sizing – Positions scale with account balance for smooth growth.
• Spread and Slippage Controls – Only trades when spreads are within acceptable bounds.
• Timeout Protection – Exits stale orders if execution stalls beyond a preset threshold.
• Built-in Trailing Stop – Locks in profits as the market moves in your favor.
Under the hood, each feature works in concert: the news filter prevents opening trades around, say, an unexpected Fed statement; dynamic lot sizing auto-adjusts position size so a sudden equity bounce won’t blow out your account; and the trailing stop ensures you don’t leave profits on the table.
Trading Strategy & Logic:
HamzaFX EA relies on a hybrid approach combining trend-following with mean-reversion triggers. First, it identifies short-term trends via an optimized moving-average crossover system fine-tuned for 15-minute bars. Once a trend is confirmed, the EA waits for a pullback into a defined volatility channel—typically a 10-period ATR band on H1—before opening a position. This two-step filter reduces false breakouts and avoids “whipsaw” trades. A built-in RSI filter on M5 ensures entries aren’t taken when XAUUSD is overbought or oversold, further refining timing. Trades default to a 1:1.5 reward-to-risk ratio, but the adaptive stop-loss and take-profit levels automatically shift based on real-time tick volatility.
Performance & Results:
In backtests spanning January 2020 to December 2024 (10,000+ trades), HamzaFX EA V1.91 achieved a net profit of +185% on a $10,000 demo, with a profit factor of 1.82 and max drawdown at 2.8%. Live-forward testing on a $2,000 account over the past 6 months mirrored these gains, averaging +1.1% daily and never exceeding 3.2% drawdown—even during the April 2025 gold volatility spike. Users report 5–8 trades per day on average, with average holding times under 30 minutes. Real-time equity curves and trade logs are available on the official MQL5 page, so you can verify performance before committing.
Installation & Setup:
- Download the HamzaFX EA V1.91 MT4 ZIP from the MQL5 link.
- Extract and copy
HamzaFX_V1.91.ex4into yourMQL4/Expertsfolder. - Restart MetaTrader 4 and open an XAUUSD M15 chart.
- Attach the EA to the chart; enable AutoTrading.
- Configure settings: set
RiskPerTradeto match your account (default 1%), confirmNewsFilter=true, and adjustMaxSpreadto your broker’s average. - Load the provided
.setfile for instant “out-of-the-box” results, or tweak entries likeATRPeriodandTrailingStopto your preference.
Support & Updates:
HamzaFX stands behind every release. Should you hit a snag—bugs, unusual trade behavior, or questions on optimization—reach out via the MQL5 chat or email at support@hamzafx.com. Free updates roll out quarterly, with major upgrades highlighted in the MQL5 product update logs. A helpful community of active users also shares tips and custom settings in the EA’s comment section.
Conclusion & Call to Action:
If you’re serious about automating your gold scalping on MT4, HamzaFX EA V1.91 is a no-brainer. With its laser-focused M15 strategy, low minimum deposit, and rock-solid risk controls, it’s built for traders who want steady, stress-free gains. Download it today, attach it to your XAUUSD M15 chart, and watch your manual grind transform into a hands-off, profitable machine.
Grab your copy now and start scalping smarter!
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