Dragon Gold EA V2.0 MT4 Dragon Gold EA V2.0 MT4 - MetaTrader 4 Resources

introduce

Dragon Gold EA V2.0 MT4 is an automated trading system developed specifically for MetaTrader 4, specifically optimized for gold (XAUUSD) trading. It uses algorithm-based logic to identify short-term trading opportunities and automatically execute trades while keeping risk under control with predefined settings.

Main features

• Fully automatic MT4 trading system
• Gold-Centric Trading Strategy (XAUUSD)
• Scalping and Day Trading Methods
• Built-in stop loss and take profit
• Continuous market monitoring
• Perform quickly under unstable conditions
• Customizable lot sizes and risk settings
• Optimized for gold market behavior

Recommended settings

• Time range: M5 or M15
• Currency pair: XAUUSD (gold)
• Lot size: 0.01 per 1000 USD balance (adjustable)
• Risk level: 1%–3% per trade
• Spread: Low spread (ECN recommended)
• Broker Type: ECN or Raw Spread Account
• VPS: Recommended
• Trading hours: London and New York hours

Backtest results

• Demonstrate stable performance under optimized conditions
• Performs best in low spread, high liquidity environments
• Moderate trading frequency for short-term trading
• Retracement may occur during periods of high volatility
• Results are subject to broker execution and data quality
• Prospective testing required before live trading

advantage

• Specifically for gold trading
• Fully automated and emotionless execution
• Effectively capture short-term opportunities
• Save time and reduce manual work
• Customizable risk management
• 24/7 continuous trading capability
• Conducive to portfolio diversification

shortcoming

• Depends on broker conditions and execution speed
• Requires VPS for best performance
• Sensitive to gold market fluctuations
• Not suitable for high spread brokers
• Profit not guaranteed; retracement possible
• Requires proper setup and optimization

Installation and Setup Guide

1. Download EA file (.ex4)
2. Open MT4 and go to File → Open Data Folder
3. Paste the file into the MQL4 → Experts folder
4. Restart the MT4 platform
5. Attach EA to XAUUSD chart
6. Enable automated trading
7. Set lot size, risk, stop loss, take profit
8. Allow DLL import if needed
9. Stable performance using VPS
10. Test on a demo account before trading for real.

Product screenshots