Gold Prop Firm Robot V4 Overview
Gold Prop Firm Robot V4 is a fully automated expert advisor designed for trading gold (XAUUSD) on MetaTrader 4. It employs a proven breakout strategy, targeting key support and resistance levels, and integrates multiple confirmation algorithms with built-in risk management. Unlike risky martingale strategies, this EA uses hard stop-loss and take-profit levels for every trade.
Key Features
- Automated XAUUSD breakout trading
- No martingale, no grid – fixed SL/TP
- Multi-timeframe analysis for enhanced accuracy
- Customizable trade frequency
- Dynamic lot sizing based on account size
- Trailing stop-loss and take-profit
- Built-in news filter
- Prop firm compliant
Installation and Setup
- Ensure a minimum account balance of $300.
- Install on a MetaTrader 4 platform with a low spread ECN account.
- Run the EA on a reliable VPS for best performance.
- Allow WebRequests for the news filter by navigating to Tools → Options → Expert Advisors.
- Use the Lot Size Calculator to determine optimal position size.
Performance Review
Since its activation in late 2024, the EA has shown remarkable performance with a 190.33% growth rate and a 71.7% win rate over 643 trades. It maintains a conservative risk profile with a maximum drawdown of 16.05%.