Eagle Gold Echo EA MT4

Eight H1 gold systems with configurable execution

Eagle Gold Echo EA MT4 trades eight gold breakout strategies using H1 price levels, with individual strategy switches and a choice of pending or market entries. Developed by Gianluca Guarino, it uses a separate stop loss on every trade and is described as having no grid, no martingale and no averaging down.

• 8 strategy switches: choose which breakout components are active.
• Three sizing methods: fixed lots, capital step or risk percentage calculated from the trade’s stop loss.
• Exit choices: visible broker-side SL/TP or hidden EA-managed exits, with trailing, break-even and Friday close.
• Execution controls: pending orders or market entry, spread checking in market mode and a wait after the daily market open.
• News and monitoring: optional USD high-impact news filter and an on-chart panel.

Echo pairs its eight strategy switches with trailing, break-even and an on-chart statistics panel. The ability to select a subset is useful when testing exposure and entry frequency; it does not mean that overlapping gold positions are economically independent.

Requirements that affect the strategy

Market

XAUUSD / GOLD. The strategy uses gold H1 data regardless of the attached chart timeframe.

Platform

MT4; use the matching edition and confirm the broker symbol.

History

At least 6,100 H1 gold bars must be loaded. Insufficient history can change or skip some breakout levels.

Starting guidance

1,000 USD at 1:100 leverage or 2,000 USD at 1:30 with 0.01 lots, according to the developer.

Account conditions

ECN / raw spread is recommended. The strategies are spread-sensitive; wide spreads reduce results.

Continuous operation

A VPS is recommended, especially when using hidden stops or terminal-managed pending entries.

Risk percentage is a per-trade sizing input, not an account drawdown cap. Several active strategies can create concurrent losses. If the calculated lot is below the broker’s minimum, the minimum lot is used, so actual risk can exceed the selected percentage on a small account.

Execution, stops and settings changes

Pending entries are held by the EA until price is within 50 USD of the level. On removal or restart, including input or timeframe changes, pending orders are deleted while the market is open.

Visible SL/TP is the default: levels are sent to the broker. Hidden SL/TP is managed by the running EA and requires continuous terminal operation. Restarting MT4 inputs or timeframe resets hidden stops to the initial stop loss; break-even and trailing restart from the current price. This can change protection that had already moved.

Switching a strategy off also stops management of its open trades. This removes trailing and break-even; in hidden mode it also removes EA-managed SL/TP handling. Plan changes when flat or deliberately manage the existing positions first.

Max Spread applies to market execution, in broker points. A value of 40 means 0.40 USD on two-digit gold quotes, but 0.04 USD on three-digit quotes; zero disables the check. Verify your broker’s precision.

News pauses and the Friday close

The optional news filter closes the EA’s own trades and pending orders around selected high-impact USD releases, then pauses entries. It is off by default and inactive in the Strategy Tester. Allow the address shown in the WebRequest input under Tools → Options → Expert Advisors, and check that future events appear on the panel.

Friday close has wider reach: At the first tick from the selected Friday broker hour, it performs a once-only close of all positions and pending orders on the chart symbol, including manual and other-EA trades. Avoid sharing gold trades unless this is intended. The setting uses broker time; 24 or 25 disables it.

Original tests and public trading evidence

The developer says the MT4 gallery tests were produced with the MT5 build using real ticks from 2010, after commission, slippage and swaps. The MT5 build makes cost-aware take-profit and break-even adjustments and starts its Friday close 15 minutes earlier. MT4’s unadjusted targets and on-the-hour Friday close can produce different test and live results.

The yearly bars are derived from the fixed-lot backtest using the EA’s risk-sizing formula, not a separate percentage-risk Strategy Tester run; the 2026 bar covers January–June only.

The yearly example uses 0.40% per-trade risk, versus a published default of 1.0%. Its sizing differs from the fixed-lot curve and an account using defaults, so returns and drawdowns are not directly comparable.

Developer-linked public account

The Echo public account is an MT4 account labelled real by MQL5. Monitoring started on 27 May 2026. The dated snapshot showed 20 weeks, 109 trades, 90.25% growth and a 2.58 profit factor. Relative drawdown was 11.54% by balance and 5.48% by equity; maximum deposit load was 5.82%. Balance and equity were both 1,902.45 EUR.

MQL5 attributes 80% of the growth to four days. July 2026 was −5.55%, and the partial October figure was −9.56%. These losing periods and concentrated gains matter alongside the headline growth. The account is a limited forward sample using high leverage, and it does not demonstrate future drawdown limits or independently validate MT5 execution.

The MT4 counterpart’s release notes for version 2.3, dated 7 October 2026, revise strategy parameters and breakout-level detection. This longer MT4 account history spans earlier settings, rather than proving post-revision performance separately. These dated notes describe MT4 and do not establish an MT5 revision date.

The MQL5 MT4 review tab showed no customer reviews when checked on 10 October 2026. There is no purchaser-comment screenshot or customer performance claim presented for this edition.

Choose the platform and compare strategy scope

Eagle Gold Echo EA MT4 · Eagle Gold Echo EA MT5

Compare Eagle Gold Strike MT4 and Golden Eagle Prime MT4. Similar control names do not establish identical signals or returns. A no-grid system can still suffer consecutive stop-outs, slippage and substantial drawdown. Test the exact edition, broker conditions and chosen strategy mix before committing risk.

Developer sources checked 10 October 2026: MQL5 MT4 listing. Product features and original tests are attributed to Gianluca Guarino.

Free lifetime updates

Standalone delivery with access to your order’s delivery instructions after payment. The instructions explain the delivery and setup steps; DeliveryInformation.txt is an instructions document, not the trading executable. Free lifetime updates and email support are included.