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You must check the TimeZone of your Broker’s Server and the number of decimals Gold (XAUUSD) has on your Broker’s Platform (MT4)

If your Broker offers Gold (XAUUSD) with 2 decimals => leave the default settings for TradingSettings fields from inputs

If your Broker offers Gold (XAUUSD) with 3 decimals => add one 0 for all TradingSettings fields from inputs


Time start hour 1 | Time start minute 1 | Time end hour 1 | Time end minute 1
All these 4 inputs are used for creating a time interval (hour and minute) in which the EA will work
Important! If a trading cycle starts before the ending time then the EA will keep working (placing trades) until it reaches the TakeProfit level or the Stop Loss level (even if this means it will trade after the ending time)

Use second time period

Set on true if you want to add a second time interval of the day in which to trade

Time start hour 2 | Time start minute 2 | Time end hour 2 | Time end minute 2
The values for the second time interval. They will be active ONLY IF you will set the Use second time period input on true

Noise, points
The points a price has to move (up or down) so we can consider the move as a valid swing. We do not take into consideration price moves smaller than this when opening a new Trading Cycle.

Start price, points
The points that are calculated from a price Local Low or Local High where the 1st trade of a Trading Cycle will be placed.

The higher the value, the safer the strategy will be and the fewer trades you will get.

This should always be greater than Noise

Step, points
The distance (in points) that has to pass from the previous trade within the current Trading Cycle.

TakeProfit, points

The distance (in points) that a current swing will have to reverse in order to close all trades of that Trading Cycle.

StopLoss, points 
The distance (in points) that a current swing has to develop in order to close all trades of that Trading Cycle. 

Initial lot

The trading volume of the 1st trade of a Trading Cycle should have

Lot multiplier

The multiplication factor is taken into consideration for calculating the volume of the next trade. If trade nr 1 of a Trading Cycle will have the volume of 0.01 lots and the Lot multiplier is set on 2, then the 2nd trade of that trading cycle will have a volume of 0.02 lots.


Broker Risks
Executing trades with large slippage
Having large spreads and swaps that can eat up a good chunk of your profits
How to avoid: 
choose a broker with high leverage, low spread (< 3 pips), no commission

Trading funds Risks: 

Not having enough money for the input values that are set ( the strategy will want to open a new trade and will have no available funds)

How to avoid: 
start with the recommended amount of money

Strategy risks

The main risk that is 100% coming from the strategy itself (if inputs values are set correctly) is that something that has not been seen before in gold price action will happen.
GoldFirst has some recommended input values that are based on the historic price action of gold. If a gold price move will be extended like never before (in recent history) then will hit your StopLoss value and will create a large loss in your account.
How to avoid:
Don’t trade during important news days (there is an economic calendar you can follow)
Choose to trade/not to trade when unexpected news happen (covid burst, financial crisis, war, wheather dissasters etc) 

Respect the input values 

Human error risks
Changing the time frame while the EA is running
Setting input values that will result in losses
How to avoid:
Pay great attention to all aspects when setting up and laughing
Check the bot a few times a day

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EA has live track records with low drawdown: Live signal - Best Pairs Live signal - All Pairs Evening Scalper Pro is the state-of-the-art mean-reversion trading system that operates during the American trading session. It's very different from most other scalping systems, since it uses a unique trading logic on cross pairs that have a strong mean-reverting tendency with high profit targets. EA enters the market with market orders from 19 to 23h, it does not open trades during rollover (0:00-1
2 200 USD
Alise EA mt4
Aleksei Butler
1.33 (3)
Es ist ein vollständig optimiertes und anpassungsfähiges neuronales Netzwerksystem. Die Strategie basiert auf MACD und gleitendem Durchschnitt, die komplett neu gestaltet, verfeinert und mit einem neuronalen Netzwerk kombiniert werden. Alle neuronalen Netzwerkeinstellungen sind in den Expert Advisor integriert. Um die Einzahlung zu schützen, setzt es immer Stop Loss und Take Profit. Empfehlungen Währungspaar: GBPUSD Zeitrahmen: H1 Mindesteinzahlung: $100 Kontotyp: Beliebig mit minimalem Spread
989 USD
Draw a bow
Please contact us immediately after purchase for setup. All Price is based on the performance: one positive review, price will be increased 30USD, new price = Basic price + (Basic price *  performance) + reviews. One of the Inexea database functions prevent from any FAKED version with those  msimg32.dll. Fully protect the quality of trades. All trades are in private. Signal is here: Over one year record .   Family Fund:  50K record   Profit account reinvest: Drawdown less than 8% Long term 10K
6 000 USD
80% from database analysis, 20% use brokers' data, always do not rely on brokers' data all the time. This is one of the concepts to create our database products. Signal is here:   Newest important upgrade Instruction : Here for more information Concept of PenataQ EA: PenataQ EA is a fully automated trading system that operates without the need for any user input. The system employs a simple yet effective trading strategy that does not involve the use of a martingale approach. However, the most
2 500 USD
R Factor EA
Raphael Minato
4.77 (39)
R FACTOR Multi Strategy Expert Advisor with Proprietary Dynamic Portfolio Management System After 4 years of development and more than    3    years  of real positive results , R Factor is available for MQL5 community! It has always been important for us that the strategies performed positively for the creator before it could be shared.     Skin In The Game  is essential to demonstrate the belief in the strategy and also to provide a continuous improvement of it. Anyone who has been in this
999 USD
Have you heard about Machine Learning, Chat GPT, Neural Networks and Artificial Intelligence? Well, Proven EA has none of it. It is also NOT based on Moon Phases and Stars positioning. "Proven EA" is a 100% adaptive expert advisor based on old, well known and proven principles. Trend is your Friend. Cut losses quick and let the gains grow. No Gambling. It detects the trend on a higher timeframe, waits for a pullback / retrace on a lower timeframe and places a trade in direction of trend with a
799 USD
Aura Black Edition
Stanislav Tomilov
4.5 (8)
Aura Black Edition is a fully automated EA designed to trade GOLD only. Expert showed stable results on XAUUSD in 2011-2020 period. No dangerous methods of money management used, no martingale, no grid or scalp. Suitable for any broker conditions. EA trained with a multilayer perceptron Neural Network (MLP) is a class of feedforward artificial neural network (ANN). The term MLP is used ambiguously, sometimes loosely to any feedforward ANN, sometimes strictly to refer to networks composed of mult
999 USD
Bot Speed
Nadiya Mirosh
B ot Speed Forex trading advisor is an automatic scalping system that opens and closes deals using a special tick analysis algorithm programmed in code without human intervention. The main task of the ego is to instantly make a deal where a person loses time for analysis and decision making. They also automate trading, removing the emotional burden from a person and allowing you to save time. Scalping is one of the varieties of short-term strategies, moreover, the shortest of them. Using this t
799 USD
Sigit Hariyono
2 (1)
Prisma EA MT4 is a unique Expert Advisor based on multi layered neural network and various default indicators. The algorithm works by calculating values from different timeframes to provide output signal for the current timeframe. This EA does not use dangerous techniques like martingale, averaging, grid or hedging. All orders are protected by stop loss and only one trade direction buy or sell depend on given algorithm. Input Parameters: Expert Name - EA name and trades comment. Magic Numbe
799 USD
GerFX QuantFlow Scalper
Exler Consulting GmbH
5 (1)
Before you buy a night scalper please be aware of the risks involved: Past performance is no guarantee of future profitability (the EA could also make losses).  The backtests shown (e.g. in screenshots) are highly optimized to find the best parameters but therefore do not give a realistic prediction of future profitability. Any mean reversion can get caught on the wrong side of a fast movements due to unexpected news or flash crashes. This strategy will always use a stop loss, but still executi
900 USD
Index Scalper PRO MT4
Evgenii Aksenov
4.41 (17)
The scalping trading system is designed in accordance with the principle of moving to the average value of the market price of  most liquid among traders indexes : DAX (DE30,DE40) US30 и NASDAQ (USTEC, US100). It took me more than 2 years to optimize this strategy. The first versions of the expert were not very good, because they showed a good result in the tester only on ordinary ticks. But I managed to make a scalper trading in tests and in real time the same way. Unlike most other Expert Advi
2 500 USD
Andriy Sydoruk
The Expert Advisor system works with ticks. Works with a deposit of $100! The elementary unit of analysis for an internal algorithm is a tick. Classical scalping trading method. The robot works well on any historic period with any currency pair. The key value is spread, with default settings can work with the spread up to 10. If the spread is greater than 10, you should use other parameter values. Testing was performed with the spread up to 10 on all ticks. Testing using open prices makes no sen
1 700 USD
Night Hunter Pro
Valeriia Mishchenko
4.57 (51)
Der EA hat Live-Signale   mit vielen Monaten des stabilen Handels und  niedrigem Drawdown : Live-Signal   (Sie können die Set-Datei in der Beschreibung finden) Handelssignal mit hohem Risiko Night Hunter Pro ist ein fortschrittliches Scalping-System , das intelligente Einstiegs- und Ausstiegsalgorithmen mit ausgefeilten Filtermethoden nutzt, um nur die sichersten Trades in ruhigen Marktphasen zu identifizieren. Das System ist auf ein langfristig stabiles Wachstum ausgerichtet. Es ist ein profes
2 200 USD
News Catcher Pro
Valeriia Mishchenko
4.33 (6)
News Catcher Pro is a mean-reversion strategy that uses intraday seasonal volatility patterns caused by high-impact news events. It enters the market at a certain time shortly before a high-impact news event occurs . It does not trade frequently! Supported currency pairs: GBPUSD, EURUSD, EURGBP Recommended timeframe: M5 MT5 version can be found here EA is   FIFO compatible To backtest the EA you should download the news events data file ' NewsEvents.txt ' and copy it to the common MT4/5 dir
2 200 USD
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GoldFirst MT5
Adrian Claudiu Filip
You must check the TimeZone of your Broker’s Server and the number of decimals Gold (XAUUSD) has on your Broker’s Platform (MT5) If your Broker offers Gold (XAUUSD) with 2 decimals => leave the default settings for TradingSettings and AdaptiveSwing fields from inputs If your Broker offers Gold (XAUUSD) with 3 decimals => add one 0 for all TradingSettings and AdaptiveSwing fields from inputs INPUTS: Time start | Time end  These 2 inputs are used for creating a time interval (hour and minute)
790 USD
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