Nocturne Gold EA MT4 – Free Download

Nocturne Gold EA Review

The Forex market is highly dynamic, and success hinges on selecting the right tools and strategies. One such tool that has gained attention is the Nocturne Gold EA, a night scalping Expert Advisor (EA) designed specifically for trading XAU/USD (Gold). In this article, we’ll provide an in-depth review of Nocturne Gold EA, examining its key features, trading strategies, performance, and the advantages and disadvantages of using this tool.

What is Nocturne Gold EA?

Nocturne Gold EA is a sophisticated night scalping EA developed for the MT4 platform. Unlike many other EAs that focus on major currency pairs or highly volatile trading hours, Nocturne Gold EA hones in on the quiet, less volatile periods of the market, specifically at night. This strategy allows the EA to exploit the natural ebb and flow of Gold prices with minimal competition from other traders, focusing on smaller price movements that occur during the night.

Technical Specifications

Version: 5.0
Year of issue: 2024
Working pairs:  GOLD (XAUUSD)
Recommended timeframe: D1
Minimum Deposit: $2500
Average of account: 1:30 To 1:500

Best Brokers List

Nocturne Gold EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

Nocturne Gold EA Settings

How Nocturne Gold EA Works

The core strategy of Nocturne Gold EA revolves around scalping—a method that involves making numerous small trades to capture minor price fluctuations. The EA performs best during the low-volume periods of the night, leveraging low volatility to execute precise trades without much competition from other traders.

Its trading logic is based on technical indicators, price action patterns, and precise risk management settings to maintain consistent profitability. What sets it apart is its ability to capitalize on the Gold market's quiet phases without requiring significant human intervention.

Key Features

1. Fixed Take Profit and Stop Loss: The EA allows traders to set predetermined take profit and stop loss levels in pips. This offers a robust risk management system, ensuring control over losses and gains.
2. Max Slippage Filters: To avoid unexpected slippage during periods of volatility, Nocturne Gold EA uses slippage filters that ensure your trades are executed at or close to the price you expect.
3. Automatic Lot Sizing: The EA automatically adjusts lot sizes based on your account balance. This feature ensures optimal risk-to-reward ratios for different account sizes, preventing over-leveraging or under-utilization of funds.
4. Trailing Stop Mechanism: Nocturne Gold EA includes a trailing stop and step feature. As the market moves in your favor, the trailing stop adjusts the stop loss to lock in profits, ensuring that gains are protected.
5. Customizable Trade Comments: For traders using prop firms, this EA offers customizable trade comments, allowing users to hide or adjust comments as needed.
6. Timeframe Flexibility: Although it is optimized for the Daily (D1) timeframe, Nocturne Gold EA allows users to select other timeframes based on their preferred trading strategies.
7. Live Performance Tracking: Nocturne Gold EA provides live performance metrics linked to Myfxbook, where users can monitor its performance in real-time. As of August 2024, the EA reported impressive growth of 20,509.83%, with a drawdown of only 10.69%, showcasing its potential for long-term profitability.

Performance and Results

One of the standout elements of Nocturne Gold EA is its live performance record, which can be tracked on platforms like Myfxbook. This feature ensures transparency and allows traders to evaluate the EA's effectiveness before committing to it.

In terms of profitability, Nocturne Gold EA has consistently demonstrated strong returns, with a remarkable increase of over 44,000% since inception, all while maintaining a low drawdown. Such statistics make it an appealing tool for traders looking for both high returns and low risk.

Advantages of Nocturne Gold EA

1. High Profitability with Low Risk

The combination of night scalping and tight risk management has proven to be highly effective for trading Gold. The low drawdown reported in live performance metrics indicates that this EA is capable of generating significant profits while keeping risk under control.

2. Fully Automated and User-Friendly

For traders who want a "set it and forget it" system, Nocturne Gold EA offers full automation. Once configured, it requires minimal intervention, making it suitable for both novice and experienced traders.

3. Customizable to Fit Different Trading Styles

The flexibility to adjust timeframes, lot sizes, and other parameters allows traders to customize Nocturne Gold EA according to their trading style and risk tolerance. It’s not restricted to the D1 timeframe, and traders can experiment with other setups for more aggressive or conservative trading.

4. Real-Time Performance Tracking

The integration with Myfxbook offers real-time performance tracking, adding a layer of transparency. Traders can view the EA’s live performance before using it, making it easier to trust and adopt.

5. Efficient Risk Management Tools

The inclusion of features like fixed take profit, stop loss, max slippage filters, and trailing stops ensures that trades are executed within strict risk parameters. These tools are essential in preventing significant losses during market volatility.

Disadvantages of Nocturne Gold EA

1. High Initial Capital Requirement

Although the developers claim that there’s no strict minimum balance, the recommendation to start with $2,500 might be restrictive for smaller retail traders. This could be a barrier for those with limited capital.

2. Optimized for Specific Market Conditions

Nocturne Gold EA works best in low-volatility nighttime conditions, meaning that it may not perform as well during highly volatile periods. Traders must understand these limitations to avoid using it in inappropriate market conditions.

3. Dependence on the XAU/USD Pair

While this EA is highly optimized for Gold trading, it doesn’t offer versatility in other assets. Traders who want to diversify across multiple currency pairs may find Nocturne Gold EA less appealing.

4. Potential Learning Curve

Although it is automated, setting up Nocturne Gold EA may require some technical know-how, especially for beginners. Proper understanding of the settings and adjustments is necessary to ensure optimal performance.

Final Thoughts: Is Nocturne Gold EA Worth It?

In conclusion, Nocturne Gold EA is a robust and sophisticated tool designed to capitalize on the quiet periods of Gold trading during the night. Its impressive profitability combined with low drawdown makes it a viable option for traders looking for a stable, low-risk trading strategy. However, its capital requirements, dependence on specific market conditions, and focus on Gold might not make it suitable for everyone.

Download Nocturne Gold EA

Please try for at least a week an ICMarket demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.