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Detailed PDF with screenshots showing every step of the installation process

Recommended Settings Included

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Squid X EA MT4

4.5/5 - 116 Reviews

Squid X EA: Pure price action gold trading robot for MT4 with 98.38% win rate. Four risk modes (Conservative to Ultra) adapt to your trading style.

No martingale, no grid – just clean execution with fixed stop losses.

  • ✓ 98.38% win rate across 739 backtested trades
  • ✓ 29.60 profit factor – exceptional risk-reward
  • ✓ 1.52% maximum drawdown – minimal risk exposure
  • ✓ Pure price action – no lagging indicators
  • ✓ 4 risk modes: Conservative, Moderate, Aggressive, Ultra
  • ✓ XAUUSD specialist – optimized for gold only
  • ✓ From Duy Van Nguy (XAU OneShot & Breakout Master creator)

Selective high-volatility trading. Fixed stop losses. Zero gambling.


The Download Package Includes:

  • Squid X EA for MT4 (.ex4) – Latest version
  • Installation Guide PDF with step-by-step instructions
  • Free Updates with future optimizations

Instant Download

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4.6/5 - 134 Reviews

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Original price was: $777.00.Current price is: $249.95.

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If it doesn't make you money, exchange it for free!

We want you to be fully satisfied with your investment, that's why we offer a FREE exchange if your product isn't profitable for you after 30 days of using it.

How it works:

  1. Use the EA for at least 30 days following the recommended settings. A demo account is always recommended to begin with.
  2. If you're not satisfied, contact our support team with:
    • MT4/MT5 trading logs since the date of purchase
    • Screenshots of your settings
    • Brief explanation of your experience
  3. Choose: Exchange for another EA or receive full store credit

Terms/Requirements:

  • Must provide proof of proper installation and use
  • EA must be used according to documentation
  • Does not apply to user error or settings modifications
  • Only applies to products valued $150 or more & one use per customer

We want you to become profitable and be happy with your investment.

What Happens After Purchase:

? Instant download + email delivery Immediately after payment, you receive download links via email plus access to your customer dashboard. ? Free updates All future versions are free. Download new updates anytime from your account - you never pay twice. ? Customer support Direct email support for installation help and technical questions from our team. ? 7-day refund guarantee If the EA fails to attach to your chart due to verified technical errors we can replicate, we'll issue a full refund within 7 days. Does not cover trading performance.

Pre-Purchase FAQs ↓

Yes, all updates are completely free—you'll never pay twice.

We receive updates from developers and upload them to your account when they're available.

Please be patient, as we're managing hundreds of products at discounted prices. More popular products are updated more frequently.

All versions are stored in your account for easy access.

We offer a 7-day technical guarantee. If the EA fails to attach to your chart due to verified errors we can replicate, we'll issue a full refund.

However, we cannot refund based on trading performance or profit expectations—forex markets are unpredictable, and results vary by broker, spread, and market conditions. We provide tools, not guarantees. 

Yes, we'd be happy to assist you!

We can advise you on the best settings for your account or create custom presets tailored to your needs. Additionally, we offer a one-time free installation service using AnyDesk for remote setup.

Please note, however, that we cannot provide advice on how to make money with any of our products.

Absolutely. Once you purchase, the EA is yours to use on unlimited live and demo accounts—no restrictions.

You can run it on multiple brokers, VPS servers, or trading accounts simultaneously.

There are no license limits or activation keys. Buy once, use everywhere.

After successful payment, your product will be available for download instantly in the following ways:

  • Displayed on the screen immediately after checkout.
  • Emailed to the address you provided during purchase.
  • Stored in your account if you created one at checkout, where you can access it anytime.

Please note, in rare cases (about 1% of high-value premium products), orders may be held for manual review to prevent fraud.

If you don’t see a download link, contact us for assistance.

Yes, absolutely.

We do not sell fake products, and our customer reviews, along with our pricing, reflect the quality and authenticity of what we offer.

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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.

Squid X EA On the Chart
Squid X EA On the Chart

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

  1. Open MT4 and attach Squid X to XAUUSD M30 chart
  2. Select your preferred risk mode (Moderate recommended)
  3. Enable AutoTrading in MT4
  4. 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

📈 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
Squid X EA Backtest Summary with Fixed Lots
Squid X EA Backtest Summary with Fixed Lots
Squid X Backtest Results — 2.5 years showing $1,000 growing to $21,062 with 98.38% win rate, 29.60 profit factor, and only 1.52% maximum drawdown.

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.

FAQs

Frequently Asked Questions

What makes Squid X different from other gold trading EAs?

Squid X uses pure price action without any lagging indicators. While most EAs rely on moving averages, RSI, or other delayed technical tools, Squid X reads raw price structure directly to identify support/resistance levels, momentum shifts, and volatility patterns. This real-time interpretation is why the EA achieves an exceptional 98.38% win rate – it enters trades based on what’s actually happening in the market right now, not what happened minutes or hours ago.

What are the four risk modes and which should I use?

Squid X offers four position sizing levels. Conservative Mode uses smallest lots with tightest stops – ideal for accounts under $1,000 or funded accounts with strict drawdown limits. Moderate Mode provides balanced growth with medium positions – recommended for most traders with $1,000-$5,000 accounts. Aggressive Mode increases lot sizes for accelerated profits – suitable for $5,000+ accounts seeking faster growth. Ultra Mode uses maximum position sizing for explosive returns – best for $10,000+ accounts with high risk tolerance.

Does Squid X use martingale or grid strategies?

Absolutely not. Squid X uses fixed stop losses and intelligent position sizing based on account balance, but never doubles down after losses (martingale) or layers multiple positions (grid trading). Each trade is independent with its own risk calculation. This is why the maximum drawdown is only 1.52% despite the high trading frequency – the EA never compounds risk through dangerous money management strategies.

Why is XAUUSD the only supported symbol?

Squid X is specifically optimized for gold’s unique characteristics. XAUUSD has distinct volatility patterns, liquidity cycles, and price structures that differ from forex pairs or other commodities. By specializing exclusively in gold, the EA’s algorithms are fine-tuned to recognize the exact setups that work consistently on this instrument. Spreading across multiple symbols would dilute this focused optimization and reduce performance.

What is the minimum account balance needed?

The absolute minimum is $500 USD with 1:500 leverage. However, we strongly recommend starting with $1,000 or more for proper risk management. Larger balances give you more flexibility to handle the natural equity fluctuations that occur even with a high win rate. With Conservative Mode on a $500 account, expect steady but slower growth. With $2,000+ you can comfortably use Moderate or Aggressive modes for better returns.

Is a VPS mandatory?

Yes. Squid X is a scalping and intraday system that needs to be running 24/7 to catch all setups during high-volatility windows. If your computer shuts down or loses internet connection, you’ll miss trading opportunities and potentially leave positions unmanaged. A VPS (Virtual Private Server) ensures the EA operates continuously with stable connection. Most VPS services cost $10-30 monthly and are essential for any serious automated trading.

What brokers work best with Squid X?

Exness and IC Markets are specifically recommended because they offer tight spreads, fast execution speeds, and favorable gold trading conditions. However, Squid X works with any MT4 broker. For optimal results, choose ECN or RAW spread brokers with low latency. Avoid brokers with dealing desk intervention, excessive requotes, or wide spreads as these will reduce the EA’s profitability.

What is the expected win rate in live trading?

The backtest shows 98.38% across 739 trades over 2.5 years. In live trading, expect the win rate to remain very high (95-98%) due to the EA’s selective approach – it only trades when multiple conditions align. The small percentage of losing trades typically occur during unexpected news events or flash crashes. This is why fixed stop losses are crucial – they protect capital during those rare unfavorable conditions.

How often does Squid X trade?

Trading frequency depends on your selected risk mode and current market conditions. Conservative Mode is most selective, generating fewer but higher-quality setups. Ultra Mode trades more aggressively during volatility. On average, expect anywhere from 5-20 trades per week. The EA doesn’t trade constantly – it waits patiently for optimal conditions. This quality-over-quantity approach is exactly why the win rate is so high.

Can I run Squid X on multiple accounts?

Yes, but you’ll need separate MT4 installations and licenses for each account. Many traders run Conservative Mode on a funded account while using Aggressive Mode on their personal account for diversification. Just ensure each MT4 instance has sufficient VPS resources and doesn’t interfere with the other.

What is the profit factor and why does it matter?

Profit factor is total profit divided by total loss. A profit factor of 1.0 means break-even. Above 2.0 is considered excellent. Squid X achieved 29.60 in backtesting, meaning for every dollar lost, the EA generated $29.60 in profit. This exceptional metric demonstrates genuine trading edge, not lucky curve-fitting. It confirms that wins vastly outweigh losses in both frequency and size.

How does Squid X handle volatile news events?

The EA includes built-in volatility filtering. During extreme price spikes or choppy conditions typical around major news releases, Squid X may reduce trading activity or widen stops. The system is designed to capitalize on normal high-volatility trending periods (like London/New York session overlaps) while avoiding the chaotic unpredictability of surprise news events.

What timeframe should I use?

M30 (30-minute charts) is mandatory. This is the timeframe where Squid X’s algorithms are optimized. Using other timeframes like M5, H1, or H4 will not work properly as the entry logic, stop distances, and profit targets are specifically calibrated for 30-minute candles. Simply attach the EA to an XAUUSD M30 chart and enable AutoTrading.

Can I adjust the EA’s settings or should I use defaults?

For most traders, default settings with your chosen risk mode will deliver optimal results. The EA has been extensively backtested with these parameters. However, advanced users can adjust stop loss distances, take profit targets, and trading hours if they want to experiment. Just be aware that significant changes from defaults may reduce performance as they deviate from tested optimization.

Does Squid X work on MT5?

No, Squid X is built exclusively for MetaTrader 4. The EA’s code is specifically compiled for MT4’s architecture. If you only have MT5, you would need to open a separate MT4 account. Most brokers offer both platforms, so you can run MT4 specifically for Squid X while using MT5 for other trading if preferred.

Reviewed by Our Trader

Picture of Peter Jones

Peter Jones

Peter Jones is a full-time trader, forex software developer, and founder of CheaperForex.com. With over 10 years of experience in algorithmic trading, he helps traders gain an edge using reliable EAs and strict risk control.

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After successful payment, your product will be available for download instantly in the following ways:

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  • Emailed to the address you provided during purchase.
  • Stored in your account if you created one at checkout, where you can access it anytime.

Please note, in rare cases (about 1% of high-value premium products), orders may be held for manual review to prevent fraud. If you don’t see a download link, contact us for assistance.

Yes, absolutely. We do not sell fake products, and our customer reviews, along with our pricing, reflect the quality and authenticity of what we offer.

We provide original, fully supported expert advisors with free lifetime updates, guaranteed to work and backed by a 7-day refund or exchange policy in the rare event something is broken.

Unlike many sites selling outdated or fake versions, we offer real quality, peace of mind, and ongoing improvements from a store trusted since 2019.

This is the latest version as of the date we published it. There may be newer updates available since then.

Please check the version number before purchasing.

Yes, product updates are always free and they are provided as soon as possible.

More popular products are updated more frequently, and we typically upload a free update if a significant improvement has been made.

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Please review the content under 'The download package includes' section at the top of this page.

If set files are not listed and you need them, please contact us to confirm. We can usually create specific sets tailored to your requirements.

However, we cannot guarantee profitability. Forex markets are unpredictable and the ability to lose money is possible if you don't follow a solid risk strategy.

If this product is for MT4, it will work on all terminal builds.

In the rare event that you experience issues attaching this product to your chart and can provide error codes that we are able to replicate, we will issue a full refund.

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At our discretion, we may offer you store credit to be used toward another product if the product is not what you expected.

Yes, we'd be happy to assist you!

We can advise you on the best settings for your account or create custom presets tailored to your needs. Additionally, we offer a one-time free installation service using AnyDesk for remote setup.

Please note, however, that we cannot provide advice on how to make money with any of our products. That service is exclusively reserved for our VIP customers.

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Squid X EA Product LogoSquid X EA MT4
Original price was: $777.00.Current price is: $249.95.