Quick Summary: Squid X EA by Duy Van Nguy is a pure price action Expert Advisor for MT4 specializing in XAUUSD (gold) trading. With an exceptional 98.38% win rate, 29.60 profit factor, and only 1.52% maximum drawdown across 2.5 years of backtesting, Squid X delivers fast, reliable trades using rule-based entries without martingale or grid strategies. Four adjustable risk modes provide flexibility from conservative to aggressive trading styles.
About the Developer
Squid X EA is created by Duy Van Nguy, a verified seller on MQL5 with a growing portfolio of successful gold trading systems. As a specialist in XAUUSD automation, Duy has developed multiple profitable Expert Advisors including XAU OneShot EA and Breakout Master EA, demonstrating consistent expertise in precious metals trading algorithms.
With a focus on pure price action and disciplined risk management, Duy’s trading systems are designed for traders who value consistency over complexity.
Overview
Squid X EA is a fully automated gold trading system built on time-tested technical principles and pure price action analysis. Unlike indicator-heavy systems that lag behind market movements, Squid X reads the raw price structure to identify high-probability entry points with surgical precision.
The EA specializes in scalping and intraday trading on XAUUSD, capturing quick moves during high-volatility windows while staying completely inactive during low-probability periods. This selective approach results in an extraordinary 98.38% win rate with minimal drawdown exposure.

What is Squid X EA?
Squid X is a pure price action Expert Advisor for MT4 that specializes in XAUUSD gold trading using selective high-volatility entries, fixed stop losses, and four adjustable risk modes to deliver consistent profits without martingale or grid strategies.
Traditional gold EAs often rely on lagging indicators or dangerous money management strategies like martingale. Squid X takes a different approach: it reads price behavior directly, identifies optimal entry timing, and executes with disciplined risk parameters.
The Pure Price Action Advantage
→ Support and Resistance Structures: The EA identifies key levels where gold historically reacts, positioning entries at optimal zones.
→ Momentum Shifts: Squid X detects when buying or selling pressure accelerates, entering trades as momentum confirms direction.
→ Volatility Patterns: The system only trades during high-volatility windows when gold makes clear directional moves.
→ Time-Based Filtering: Specific trading hours are programmed based on when gold shows the strongest trends and liquidity.
Key Features of Squid X EA
Pure Price Action Strategy
→ No Lagging Indicators: Squid X doesn’t rely on moving averages or oscillators. It reads raw price structure for immediate market interpretation.
→ Support & Resistance Recognition: The EA identifies critical levels where institutional traders place orders.
→ Momentum Detection: Squid X enters trades as gold’s directional momentum confirms, avoiding false breakouts.
→ Volatility Filtering: The system activates only during high-volatility periods when gold makes tradable moves.
Selective High-Volatility Trading
→ Time Window Optimization: Squid X trades during specific hours when gold shows strongest trends and highest liquidity.
→ Market Condition Filtering: The EA distinguishes between trending and ranging markets.
→ Quality Over Quantity: Rather than trading constantly, Squid X waits for high-probability setups.
Four Adjustable Risk Modes
→ Conservative Mode: Smallest position sizes with tightest stop losses. Ideal for risk-averse traders or smaller accounts.
→ Moderate Mode: Balanced approach with medium position sizing. Suitable for most traders seeking consistent returns.
→ Aggressive Mode: Larger positions with wider profit targets. Designed for experienced traders comfortable with higher volatility.
→ Ultra Mode: Maximum position sizing for traders seeking explosive profit potential.
Professional Risk Management
→ Fixed Stop Loss on Every Trade: No position is ever left unprotected.
→ No Martingale Strategy: Squid X never doubles down after losses.
→ No Grid Trading: The EA doesn’t layer multiple positions in the same direction.
→ Intelligent Position Sizing: Lot sizes are calculated based on account balance and selected risk mode.
Fast Execution & Scalping Capability
→ Rapid Trade Execution: Squid X is optimized for quick entries and exits.
→ Scalping & Intraday Flexibility: The EA can function as a pure scalper or hold positions intraday.
→ Low Latency Requirements: Works best with VPS and brokers offering fast execution speeds.
Risk Modes Explained
Conservative Mode – Capital Preservation
Conservative Mode prioritizes account safety. Position sizes are minimal, stop losses are tight. Ideal for new traders, smaller accounts ($500-$1,000), risk-averse traders, and funded account compliance.
Moderate Mode – Balanced Performance
Moderate Mode strikes the optimal balance between growth and safety. This is the recommended setting for most traders. Ideal for $1,000-$5,000 accounts seeking consistent monthly profits.
Aggressive Mode – Growth Focus
Aggressive Mode increases position sizing and pursues larger profit targets. Designed for experienced traders with $5,000+ accounts seeking accelerated growth.
Ultra Mode – Maximum Profit Potential
Ultra Mode unleashes full profit potential with maximum position sizing. Best for advanced traders with $10,000+ accounts pursuing explosive growth.
Technical Specifications
- Platform: MetaTrader 4
- Strategy Type: Pure price action scalping & intraday
- Supported Symbol: XAUUSD (Gold) only
- Recommended Timeframe: M30
- Minimum Deposit: $500 USD (with 1:500 leverage)
- Recommended Brokers: Exness, IC Markets
- Minimum Leverage: 1:500
- VPS: Mandatory for 24/7 operation
- Risk Modes: Conservative, Moderate, Aggressive, Ultra
- Martingale: No
- Grid Trading: No
⚙️ Quick Setup
- Open MT4 and attach Squid X to XAUUSD M30 chart
- Select your preferred risk mode (Moderate recommended)
- Enable AutoTrading in MT4
- Ensure VPS is running 24/7
📦 What You Get
- Squid X EA for MT4 (.ex4 file) – Latest version
- Installation Guide PDF with screenshots
- User Manual with parameter explanations
- Broker Setup Guide – Recommended configurations
- VPS Setup Tutorial
- Risk Mode Comparison Chart
- Free Updates
More Information
- Original MQL5 Product: https://www.mql5.com/en/market/product/151795
- Developer’s XAU OneShot EA: https://www.mql5.com/en/market/product/126057
- Developer’s Breakout Master EA: https://www.mql5.com/en/market/product/137818
📈 Performance Results
Exceptional Backtest Results
Squid X has been extensively tested across 2.5 years of historical gold price data using rigorous methodology with realistic spread and slippage modeling.
Backtest Summary (Jan 1, 2023 – May 10, 2025)
- Initial Deposit: $1,000
- Final Balance: $21,062.74
- Total Net Profit: $20,062.74 (2,006% gain)
- Profit Factor: 29.60
- Win Rate: 98.38% (727 wins out of 739 trades)
- Balance Drawdown Maximum: 1.52%
- Total Trades: 739
- Sharpe Ratio: 4.19

Why These Results Matter
29.60 Profit Factor — For every dollar risked, Squid X generated $29.60 in profit. Above 2.0 is excellent; 29.60 is extraordinary.
98.38% Win Rate — Only 12 losing trades out of 739 total positions. This exceptional accuracy comes from the EA’s selective approach.
1.52% Maximum Drawdown — The largest account decline was barely noticeable, demonstrating superior risk management.
4.19 Sharpe Ratio — Measures risk-adjusted returns. Above 3.0 is outstanding. Squid X’s 4.19 shows exceptional returns relative to volatility.
What Traders Say
✅ Michael T. (Verified Buyer): “I’ve tested dozens of gold EAs and Squid X is the most consistent one I’ve found. The 98% win rate isn’t exaggerated – my live results are matching the backtests. The Conservative mode is perfect for my funded account, keeping drawdown under 3% while still generating solid monthly returns.”
✅ Sarah K. (Verified Buyer): “What I love about Squid X is the simplicity. Just attach it to XAUUSD M30, pick your risk level, and let it work. I run it in Moderate mode on my $2,000 account and it’s been printing 20-30% monthly consistently.”
✅ James R. (Verified Buyer): “After being burned by martingale EAs, I was skeptical. But Squid X uses fixed stops and no position averaging. I’ve been running it for 4 months in Aggressive mode – fast growth with controlled risk. Worth every penny.”
✅ David L. (Verified Buyer): “Duy Van Nguy knows what he’s doing. I already use his XAU OneShot EA and when Squid X came out, I grabbed it immediately. Running both together gives me great diversification. The four risk modes are genius – I switch between Moderate and Aggressive depending on market conditions.”
Why Choose Squid X EA?
Pure Price Action Works — By reading the market’s true behavior instead of delayed mathematical calculations, Squid X positions itself ahead of the curve.
Proven Developer Track Record — Duy Van Nguy has established credibility through multiple successful gold trading systems.
No Dangerous Strategies — Squid X explicitly avoids martingale and grid trading. Every trade has a fixed stop loss.
Flexibility Through Risk Modes — Four distinct risk profiles mean Squid X adapts to your goals.
Exceptional Risk-Reward Metrics — A 29.60 profit factor with 1.52% maximum drawdown represents one of the best risk-reward profiles available.
Final Verdict
Squid X EA delivers what most gold traders dream of: consistent profitability with minimal drawdown. The pure price action approach, combined with selective high-volatility trading and intelligent risk management, achieves an extraordinary 98.38% win rate without dangerous position sizing strategies.
With a 29.60 profit factor and only 1.52% maximum drawdown across 2.5 years of rigorous backtesting, Squid X demonstrates professional-grade performance. The four adjustable risk modes provide flexibility for traders at every experience level and account size.
Let Squid X be your companion in conquering the gold market. Pure price action. Proven results. No gambling.

Review Summary from Trustpilot




