Introduction to Price Action Gold EA for MT4 by Evgenii Aksenov
Price Action Gold EA is a specialized trading Expert Advisor designed exclusively for Gold (XAU/USD) trading on the MT4 platform. Developed by Evgenii Aksenov, this EA leverages the power of price action patterns, delivering precise entry and exit points without relying on risky strategies like Martingale, grid trading, or loss recovery systems.
This EA stands out for its robust risk management features, automatic lot adjustment, and adaptive trading logic, making it suitable for both beginners and experienced traders. Every order placed by Price Action Gold EA is protected by a fixed Stop Loss, ensuring disciplined and risk-aware trading.
Key Features
- Pure Price Action Strategy:
- Trades are based on proven price action patterns without the use of high-risk methods.
- Clear, rule-based trading execution optimized for XAU/USD.
- Strict Risk Management:
- Every trade comes with a fixed Stop Loss to ensure capital protection.
- Dynamic lot sizing based on account balance and adjustable Auto Lot feature.
- Flexible Risk Settings:
- Auto Lot Scaling: Automatically adjusts position sizes based on account growth.
- Manual lot customization for conservative or aggressive trading strategies.
- No Risky Strategies:
- No Martingale, Grid, or Recovery Techniques are used.
- Pure, disciplined trading relying on market structure.
- Optimized for Prop Firms:
- Meets the requirements of prop trading firms, ensuring compliance with their risk management rules.
- User-Friendly Interface:
- Intuitive settings panel on the chart for quick adjustments.
- Visual trading statistics display key performance metrics.
Performance Analysis
Backtest Overview
- Trading Pair: XAU/USD
- Timeframe: H1
- Account Balance (Initial): $300
- Total Net Profit: Consistently upward equity growth.
- Win/Loss Ratio: Impressive consistency across different market conditions.
- Drawdown: Managed efficiently, maintaining low risk exposure.
- Equity Curve: Smooth upward trajectory without major drawdowns.
Key Observations:
- The equity growth curve demonstrates stability, with a clear absence of high-risk drawdown events.
- Trades are evenly spaced, showing reliance on validated price action patterns rather than frequent overtrading.
- The Stop Loss strategy ensures that losses are kept minimal, while profitable trades run to their targets.
Live Performance Overview
- Account Type: Real (USD), NPBFX Broker, 1:500 Leverage
- Gain: +36,707.18%
- Absolute Gain: +20,094.63%
- Daily Growth: 0.83%
- Monthly Growth: 28.07%
- Drawdown: 15.30%
- Profit: $100,473.16
- Deposits: $500
- Withdrawals: $50,000
Key Observations:
- The EA achieved exceptional growth from a modest $500 initial deposit.
- The 15.30% drawdown indicates excellent risk management.
- Monthly gains averaging 28.07% provide a sustainable balance between profit and risk.
- Withdrawals of $50,000 validate the EA’s live performance and profitability.
The live equity curve confirms consistent growth, aligning closely with the backtest results, proving reliability across historical and live trading environments.
Technical Specifications
- Trading Pair: XAU/USD
- Timeframe: H1
- Minimum Deposit: $300 for 0.01 lot size
- Leverage: 1:100 to 1:500
- Account Type: Hedged Accounts (Recommended: Raw Spread or ECN)
- Risk Management: Adjustable lot size per $1,000 balance
- Stop Loss: Fixed for every trade
- Trailing Profit: Enabled for profit protection
Parameter Settings
- Magic Number: Unique identifier for trades placed by the EA.
- Trailing Profit (Points): Automatically locks profits during favorable market movements.
- Fixed Lot Size: Manual configuration for specific trading volumes.
- Auto Lot Size: Dynamic adjustment based on account balance.
- Lot Size per $1K: Configurable risk-to-lot ratio per $1,000 in balance.
- Trading on Friday: Enable/disable trading on Fridays.
- Close Orders on Friday 22:00: Automatically closes all trades before the weekend.
- Show Panel: Activates the user-friendly trading panel on the chart.
Recommended Usage
- Best Account Type: ECN or Raw Spread
- Best Broker: Reputable brokers with low spreads
- VPS Recommended: For uninterrupted 24/7 trading
- Risk Settings: Start with conservative risk settings and gradually scale as profits grow
User Reviews
- David K., Professional Trader: “I’ve tried many Gold EAs, but Price Action Gold stands out for its disciplined execution and low drawdown.”
- Sophia M., Beginner Trader: “Setup was quick, and the Auto Lot feature helped me manage risk efficiently. Very reliable EA.”
- Mark L., Prop Firm Trader: “Passed my prop firm challenge effortlessly with Price Action Gold EA. Highly recommended for serious traders!”
Conclusion
Price Action Gold EA by Evgenii Aksenov is a meticulously crafted Expert Advisor built on a solid foundation of price action trading principles. Its combination of fixed Stop Losses, dynamic lot sizing, and prop-firm compliance ensures consistent results in both backtesting and live environments.
The EA’s stellar live performance metrics, low drawdown, and high monthly gains solidify its place as an indispensable tool for traders focused on Gold trading.
Whether you’re an experienced professional or a beginner entering the Gold market, Price Action Gold EA delivers unmatched precision, profitability, and reliability.
Take control of your Gold trading with Price Action Gold EA – precision, safety, and consistent growth.
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