Description

Gold Hunt EA: A Practical Guide to Automated Gold Trading on MT4

Gold Hunt EA Review – Is This 1-Minute XAUUSD Robot Worth Using?

Table of Contents

1. What Is Gold Hunt EA?
2. Why Focus on XAUUSD?
3. How Gold Hunt EA Works
4. Key Features Explained
5. Installation Guide (Step-by-Step)
6. Recommended Settings for Beginners
7. Risk Management and Drawdown Control
8. Performance Review: Backtests & Live Results
9. Choosing the Right Broker and VPS
10. Tips for Optimizing Gold Hunt EA
11. Frequently Asked Questions
12. Final Thoughts

What Is Gold Hunt EA?

Gold Hunt EA is an Expert Advisor (EA) for MetaTrader 4 that trades XAUUSD (Gold vs. US Dollar) on the 1-minute timeframe. By reading market data and following a coded rule-set, it opens, manages, and closes trades without manual input.

Gold Hunt EA Source Code

Some vendors make the Gold Hunt EA Source Code available so developers can see how the strategy works or adapt it. While the EA itself runs out-of-the-box, having the source code is handy for:

• Auditing the logic for peace of mind
• Adding custom filters (e.g., news avoidance)
• Adjusting position sizing rules

If you are not a programmer, the compiled file (.ex4) is enough to trade.

Why Focus on XAUUSD?

Gold is a popular instrument because it:

1. Shows clear reactions to economic news and US-dollar moves
2. Has deep liquidity across most brokers
3. Often trends strongly during risk-off events

The EA was built to capture these short bursts of movement on the 1-minute chart. While that timeframe looks noisy to the eye, an algorithm can cut through the clutter faster than a human.

How Gold Hunt EA Works

Below is a simplified flow of what happens inside each trade cycle:

Important: Gold Hunt EA does not use grid or martingale tactics. Each trade has a protective stop-loss, helping to cap risk on fast gold swings.

Key Features of Gold Hunt EA Explained

Tip: If you are brand-new to MT4, read the free MetaTrader 4 user guide before installing any robot.

Installation Guide (Step-by-Step) For Gold Hunt EA

1. Download the Gold Hunt EA file (GoldHunt.ex4) from the vendor site or MQL5 Marketplace.
2. Open MT4 and click File → Open Data Folder.
3. Navigate to MQL4 → Experts and paste the EA file.
4. Restart MT4.
5. Drag Gold Hunt EA onto an XAUUSD chart set to M1.
6. In the Common tab, tick Allow live trading and Allow DLL imports if required.
7. Load the provided preset (GoldHunt.set) or adjust inputs:
   

   Input	Typical Value	Notes
   MagicNumber	202405	Unique ID for trades
   Risk_Percent	2.0	Risk per trade (%)
   Max_Spread	30	In points; avoid high-spread brokers
   Use_Autolot	true	Turns on automatic lot sizing

8. Click OK, confirm a smiling emoji appears in the top-right corner of the chart.

Recommended Settings for Beginners

• Account Size: At least $300 (micro lot broker)
• Leverage: 1:500 gives breathing room but manage risk carefully
• Timeframe: Always 1-minute; do not switch
• Preset: Use vendor default for the first month
• VPS: Choose a server close to your broker’s data center (e.g., New York or London)

Risk Management and Drawdown Control for Gold Hunt EA

Gold can spike dozens of dollars within seconds. The EA counters this with:

1. Fixed Stop-Loss – e.g., 190 pips (gold points) to cap single-trade risk.
2. Daily Loss Cap – optional filter to pause trading after a set equity drop.
3. Trade Pause Around News – you can plug in a news filter like FF Calendar to avoid Non-Farm Payrolls.

Position Sizing Example

Assume:

• Balance: $1,000
• Risk_Percent: 2%
• Stop-Loss: 190 pips (gold points)

EA calculates lot size so that if stop is hit, you lose about $20. As balance rises, the lot size scales.

Performance Review: Backtests & Live Results

Backtest Snapshot

• Period: Jan 2021 – Dec 2023
• Initial Deposit: $1,000
• Net Profit: $4,850
• Max Drawdown: 18%
• Profit Factor: 1.78

Note: Backtests use historical data and should not be seen as a promise of future profits.

Choosing the Right Broker and VPS for Gold Hunt EA

Broker Checklist

Popular picks include IC Markets, Pepperstone, and FP Markets, but always test your own latency.

VPS Checklist

• Location close to broker’s server
• RAM: 1 GB is enough for one MT4 instance
• Uptime: 99.9% SLA
• Price range: $10-$15 per month

Tips for Optimizing Gold Hunt EA

1. Forward-test on Demo for two weeks to learn behavior.
2. Update Presets quarterly to adjust to new market conditions.
3. Combine with News Filters to sit out high-impact announcements.
4. Keep MT4 Updated; old builds can cause disconnects.
5. Log Every Trade in a spreadsheet; review weekly to spot anomalies.

Frequently Asked Questions Regarding Gold Hunt EA

Q1: Can I run Gold Hunt EA on MetaTrader 5?A: No. The EA is coded for MT4. You would need a rewritten version for MT5.

Q2: Does the EA use grid or martingale?A: Yes.

Q3: How many charts should I attach it to?A: One chart per account is enough because the strategy is single-pair.

Q4: Is $300 really enough to start?A: Yes, but you must use a broker that offers micro lots (0.01). A larger balance offers smoother growth.

Q5: Do I need the Gold Hunt EA source code to trade?A: The compiled file works fine. The source code is only needed for custom tweaks.

Final Thoughts

Gold Hunt EA aims to take the stress out of trading the fast-moving gold market by following a fixed set of rules on the 1-minute chart. Its main strengths are ease of use, strict stop-loss protection, and a focus on a single pair. If you are new to automated strategies, start small, use a reliable VPS, and keep risk low.

Have questions or want to share your own Gold Hunt EA review? Drop a comment below or join our free Telegram group for live discussions.