Gold Shovel


Gold Shovel EA is an Expert Advisor designed specifically for Gold Great British Pound (XAUGBP) on 2 minute time frame chart, built around hedging and controlled recovery of losing trades using a Martingale recovery strategy.

The EA does not simply increase the lot size after every loss. When a trade closes in a loss, it first evaluates the current market conditions using ATR, ADX, and Bollinger Band width. Based on these conditions, the EA determines whether the recovery should be taken on the same side or the opposite side, and then applies the selected recovery lot.

The goal is to give the recovery trade a better opportunity to recover the previous loss while keeping the recovery process controlled and based on market conditions.

Main Features

  • Hedging — Buy and Sell trades can work together as part of the EA's trading and recovery logic.
  • Martingale Recovery — Uses a larger recovery lot after a losing trade to attempt to recover the previous loss.
  • Auto Recovery Mode — Uses ATR, ADX and Bollinger Band width to determine the most suitable recovery direction.
  • Same-Side / Opposite-Side Recovery — The EA can recover in the same direction or switch to the opposite direction depending on market conditions.
  • Reverse Recovery — Optional setting that can reverse the selected recovery direction.
  • Trailing Stop — Available for additional profit protection.
  • Defensive Trailing TP — Can bring the Take Profit closer when a trade is moving toward its Stop Loss, helping reduce the potential loss if price reverses. Off by default.
  • Trading Filters — Allows specific trading days and hours to be selected.

Recommended Account Setup

Gold Shovel EA is designed with larger accounts and long-term use in mind

  • $2,000 account → 0.04 recovery lot
  • $5,000 account → 0.08 recovery lot — Recommended
  • $10,000 account → 0.20 recovery lot

As the account size increases, the EA can operate with a larger recovery lot.

Default Trading Schedule

By default, Gold Shovel EA trades:

Monday • Tuesday • Thursday

02:00 – 22:00

The trading days and hours can be changed in the EA settings.

Tested, Approved and Trusted

Gold Shovel EA -> built for controlled recovery, hedging, and long-term trading on XAUGBP 2minute chart.



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This EA is a grid-based trading system. It incorporates several advanced features to manage trades dynamically and adapt to market conditions. Here's a summary of its functionality: I am happy to provide my settings file. Recomendation would be to run on a 20 000 cent account. Key Features: 1. Grid Trading Strategy:    - The EA uses a grid-based approach to open buy and sell trades at predefined price intervals.    - It dynamically adjusts the grid levels based on market conditions and risk se
Forex Engine EA is a professional MetaTrader 4 trading robot built around a structured reversal and mean-reversion methodology. It analyzes swing highs and lows, support and resistance zones, market overextension, and overbought or oversold conditions to identify areas where a price correction or reversal may occur. When price approaches a key resistance zone, the EA evaluates the possibility of selling pressure before considering a sell entry. When price reaches a strong support area, it looks
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Gold Shovel EA
Solomon Kyadondo
Gold Shovel EA is an Expert Advisor designed specifically for Gold Great British Pound (XAUGBP) on 2 minute time frame chart, built around hedging and controlled recovery of losing trades using a Martingale recovery strategy . The EA does not simply increase the lot size after every loss. When a trade closes in a loss, it first evaluates the current market conditions using ATR, ADX, and Bollinger Band width . Based on these conditions, the EA determines whether the recovery should be taken on th
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