Tired of staring at charts all day, hoping to catch the next gold price swing? Let’s be real—scalping gold on lower timeframes like M1 or M5 is hectic. But guess what? Midas Gold EA V1.6 MT4 is built exactly for that—automating those quick-fire scalp entries on XAUUSD with surgical precision.

This isn’t just another “copy-paste” robot that overtrades and drains your balance overnight. Nah. The YoForex-backed Midas Gold EA takes a calculated, risk-aware approach—no martingale, no grid, just pure short-term price action logic.

So, if you’ve been hunting for a gold scalping EA that works without blowing up your account, this might be the one. And yeah, it’s free to download on MQL5. software.

Overview: What is Midas Gold EA V1.6?

Midas Gold EA V1.6 is a fast-reacting Forex scalping robot designed to work with the gold/USD pair (XAUUSD). Operating in the M1–M5 timeframes, this EA targets micro price movements throughout the day. It’s fully automated, designed for MT4, and perfect for those who want consistent, low-risk gold trades every day, without doing anything manually.

Developed and live-tested by the YoForex team, the Midas Gold EA triggers entries and exits based on smart scalping logic, using fixed take profit and stop loss levels for protection. It opens trades only during optimal hours Monday to Friday, making it both reliable and low-maintenance.

Whether you're a newbie tired of blowing demo accounts or a veteran tired of sifting through noisy indicators, Midas Gold EA brings structure and sanity to the chaos of gold scalping.

Midas Gold EA V1.6 MT4

Key Features

Here’s what makes Midas Gold EA worth your time:

• + Designed for ultra-short M1–M5 timeframes
• + Built specifically for XAUUSD (Gold/USD) trading
• + Fully Automated: no manual inputs needed after setup
• + No Martingale: zero compounding risk
• • No Grid Strategy: avoids order stacking madness
• + Fixed Stop Loss and Take Profit for every trade
• + Runs Monday to Friday, daily engagement
• + Stable on $50+ deposit accounts
• + Compatible with all broker types—Standard, ECN, Raw Spread
• + Low spread/fast execution optimized
• + YoForex support backed—100% FREE with lifetime updates

Backtest Results & Proof

The Midas Gold EA has been rigorously backtested on XAUUSD over thousands of ticks and multiple years of data. The test environment mimicked real-market conditions, including spread, slippage, and execution delays—coz let’s be honest, backtests without these are kinda pointless.

Backtest Summary (2019–2024):

  • Timeframe: M1
  • Initial Deposit: $500
  • Ending Balance: $3,927
  • Win Rate: 79%
  • Max Drawdown: 6.2%
  • Total Trades: 1,274
  • Avg. Trade Duration: ~5 mins

Live trading accounts powered by YoForex also show consistent results—often outperforming the backtest thanks to adaptive trade filters added in the latest V1.6 update.

We also recommend checking out our YoForex Beginner Guide to Scalping EAs if you're new to gold scalping bots.

How to Install & Configure Midas Gold EA

Wanna get it running in 2 minutes flat? Here’s your quickstart:

  1. Download Midas Gold EA V1.6 from MQL5.software – Official Page
  2. Open your MT4 terminal
  3. Go to File > Open Data Folder > MQL4 > Experts
  4. Paste the EA file here
  5. Restart MT4
  6. Drag and drop Midas Gold EA on a XAUUSD chart
  7. Select M1 or M5 timeframe
  8. Enable AutoTrading

Recommended Settings:

  • Risk %: 1.5 to 3% max
  • Use default SL/TP settings
  • Broker: Low spread, fast execution preferred

Midas Gold EA V1.6 MT4

Why Choose YoForex-Powered Tools?

The big brands charge you $200 for what YoForex gives you for FREE. We don’t believe in paywalls for traders who’re just trying to make consistent profits.

Every EA published under YoForex (like Midas Gold EA) is:

  • Fully tested in live markets
  • Updated regularly with user feedback
  • Backed by real humans offering real support
  • 100% Free. No hidden fees. Ever.

Need proof? Visit YoForex.net or join our Telegram group where over 10,000 traders are already optimizing their portfolios for free.

Support & Disclaimer

Got questions? Need help setting it up? Just hit us up:

Disclaimer: Trading carries risk. Past performance doesn’t guarantee future results. Always test on demo before going live. Midas Gold EA is optimized for gold, but results may vary depending on broker conditions and market volatility.

Call to Action

Stop second-guessing gold scalp entries. Let Midas Gold EA V1.6 MT4 take over your short-term trading hustle. It’s fast, smart, and won’t risk your entire account chasing pip dreams.

Grab your free copy now at MQL5.software.
Trade safe. Trade smart. Trade with YoForex by your side.

YoForex – empowering traders worldwide, one free tool at a time

Happy Trading