GoldFever MT5 and MT4: daily breakout trading on gold with controlled risk
GoldFever is an Expert Advisor for gold (XAUUSD and the symbol names used by different brokers) that trades breakouts of the previous trading day's levels. It runs on MetaTrader 5 and MetaTrader 4, uses no martingale, no grid and no averaging, and every trade has its own Stop Loss and Take Profit.
How it trades
- At the start of each trading day the EA removes its own old pending orders.
- It takes the levels of the previous trading day: fractals on the timeframe you choose (M30 by default), or the daily High and Low.
- It places a pair of stop orders: a Buy Stop above the upper level and a Sell Stop below the lower level, with an entry buffer. The orders are independent: if one is triggered, the other one stays.
- Every trade has a Stop Loss and a Take Profit in points (2,000 and 7,000 points by default, which is a 20 USD and 70 USD price move on gold).
- Open trades are managed by break-even and trailing stops.
Features
- Works with the gold symbol of any broker, including names with prefixes and suffixes.
- Adjustable entry buffer, Stop Loss and Take Profit.
- Break-even that includes the current spread and commission, so a protected trade is not closed at a loss because of trading costs.
- Trailing stop.
- Protections: maximum lot, a pause after a series of losing trades, a daily loss limit, a delay after the market opens, and a spread filter (300 points by default, about 3 USD).
- Optional trading window in GMT, separate switches for long and short entries, and an information panel on the chart.
- No martingale, no grid, no averaging.
Default settings, risk and deposit
The default settings are the tested configuration: Volume mode = Risk % of balance, Risk per order = 1, Distance used to size the risk = 0, maximum lot 50. The test shown in the screenshots below was made with exactly these values. With distance 0 the lot is calculated from the Stop Loss, so a stopped-out trade loses about 1% of the balance.
Example: balance 10,000 USD, risk 1% = 100 USD. With a Stop Loss of 2,000 points, the EA opens about 0.05 lot, and a stopped trade loses about 100 USD.
Four volume modes are available: fixed lot, risk as a percent of balance or equity, risk in money, and a balance lot that grows with the account. You can raise or lower the risk with Risk per order. A higher risk means higher profit potential and deeper drawdowns.
Deposit. Recommended: from 2,000 USD. Minimum: about 1,000 USD, where the minimum lot of 0.01 already risks about 2% per trade (about 20 USD at the default Stop Loss). The test used a 10,000 USD deposit; on small accounts results will differ because the lot is rounded to 0.01.
Test results
XAUUSD, H1, January 2025 to November 2026, every tick based on real ticks, initial deposit 10,000 USD, risk 1% per trade (Distance = 0), maximum lot 50.
- Net profit: 10,097 USD (+101%)
- Profit factor: 2.30, recovery factor: 10.1
- Maximal drawdown: 4.18% by balance, 4.98% by equity
- 403 trades, 82% profitable, at most 3 losing trades in a row
Test results do not guarantee future results. Gold is volatile and losing series are normal.
Settings files
Two settings files are attached to this post: one with 1% risk (these are the default values of version 4.26 and the ones used in the test) and one with 5% risk for those who accept more aggressive trading. On a real account, start with 0.5-1% risk per trade.
Recommendations
Use XAUUSD on the H1 chart, a broker with low spread, and a VPS. Test the EA on a demo account first. Keep in mind that the minimum lot can make the real risk higher than the one you set, especially on small deposits.
Risk warning
Trading gold and other leveraged instruments carries a high risk of loss. Results depend on the spread, slippage and execution speed. Past results do not guarantee future results. Trade only with money you can afford to lose.
