AI GeoGold EA MT4 – Free Download

4
(1)

Introduction to AI GeoGold EA

The AI GeoGold EA, known as the Gold Scalping Expert, is a sophisticated forex trading tool designed specifically for trading the gold market (XAUUSD). Developed as a smart algorithm, it capitalizes on gold price reactions to major global events, such as geopolitical crises, pandemics, and economic fluctuations. The EA's approach centers around breakout trading, leveraging the widely-used ZigZag indicator. By placing pending orders at key turning points, the EA triggers trades as soon as the price breaks out from these levels. This methodology aims to capture quick profit opportunities while employing robust risk management features like trailing stops and dynamic stop losses, steering clear of high-risk strategies like martingale.

AI GeoGold EA MT4 - Free Download 2

Technical Specifications

Version: 2.05
Year of issue: 2024
Working pairs: XAUUSD
Recommended timeframe: M15
Minimum Deposit: $300
Average of account:  NA

Best Brokers List

AI GeoGold EA can work  with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:

BROKER NAMEREGISTERYear Founded Headquartered LeverageMinimum Deposit Regulating
AI GeoGold EA MT4 - Free Download 3Register2007
🇦🇺 Australia
🇨🇾 Cyprus
🇧🇸 The Bahamas
🇸🇿 Seychelles
1:1000$200ASIC, SCB, FSA
AI GeoGold EA MT4 - Free Download 4Register2008
🇨🇾 Cyprus
1:Unlimited$10CySEC, FCA, FSCA, FSA, BVI
AI GeoGold EA MT4 - Free Download 5Register2009
🇧🇿 Belize
1:2000$10FSC
AI GeoGold EA MT4 - Free Download 6Register2009
🇧🇿 Belize
1:3000$1IFCS
AI GeoGold EA MT4 - Free Download 7Register2009
🇨🇾 Cyprus
🇦🇺 Australia
🇧🇿 Belize
🇦🇪 Emirates
1:1000$5 ASIC, CySEC , IFSC
AI GeoGold EA MT4 - Free Download 8Register2010
🇦🇺 Australia
1:500$200FCA , ASIC, DFSA
AI GeoGold EA MT4 - Free Download 9Register2011
🇬🇧 England
1:500$25CySEC
AI GeoGold EA MT4 - Free Download 10Register2006
🇪🇭 Ireland
1:400 $100CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

AI GeoGold EA Settings

AI GeoGold EA MT4 - Free Download 11

Key Features of AI GeoGold EA

  1. ZigZag Indicator Integration
    The ZigZag indicator is essential in identifying breakout points. The EA sets pending orders based on these turning points, allowing it to react efficiently to market breakouts.
  2. Intelligent Trailing Stop & Dynamic Stop Loss
    To safeguard investments, the EA includes a smart trailing stop and dynamic stop loss system. These adjust in real-time, limiting potential losses while allowing for substantial profit gains during favorable price movements.
  3. Event-Driven Strategy
    AI GeoGold EA is built to exploit the volatility in gold markets, particularly during high-impact events. By focusing on these events, the EA maximizes profit opportunities, which may otherwise be difficult to capture manually.
  4. No Martingale Techniques
    Avoiding the martingale strategy significantly lowers risk, making this EA more suitable for traders looking for stability over high-risk tactics.
See also  FX Nuke Strategy - Determine the Strength of Currencies

Detailed Settings Overview

General Settings

  • Open New Series: Allows traders to start a new sequence of trades at any given moment.
  • Trade Buy/Sell: Controls whether the EA is permitted to buy or sell, enhancing control over trading activities.
  • Support Manual Orders: Allows the EA to manage manually opened trades.
  • Max Market/Pending Orders: Limits the maximum market and pending orders, preventing overexposure in the market.

Risk Management Settings

  • Use Money Management: Toggles automatic lot calculation, offering a hands-off approach to risk management.
  • Autolot: Sets the free margin needed for each 0.01 lot, ensuring proportionate trade sizing.
  • Take Profit (TP) & Stop Loss (SL): Fixed points for take profit and stop loss, with optional auto stop-loss functionality.
  • Trail Start & Trail Step: Establishes the conditions for trailing stop activation, providing flexibility in capturing profits while minimizing losses.
  • Close from Reverse Signal: Closes all open positions if a reverse signal is detected, a safeguard against adverse market movements.

Time-Based Trading Controls

  • Start Hour & End Hour: Define trading windows, allowing the EA to trade only within specific times.
  • Draw On-Off: Enables profit/loss tags on the chart, enhancing visual clarity.

Aesthetic Settings

  • Font & Color Customization: Personalize the EA interface with custom font styles, colors, and sizes to match user preferences.
  • Magic EA: Assigns a unique identifier for the EA, helpful in distinguishing trades among multiple EAs.

ZigZag Indicator Settings

  • Depth, Deviation, and Backstep: Fine-tunes the ZigZag indicator parameters, impacting the identification of breakout levels and trade setups.

AI GeoGold EA: Performance Analysis

AI GeoGold EA MT4 - Free Download 12

According to the provided Strategy Tester Report, AI GeoGold EA demonstrates an impressive level of performance when backtested on XAUUSD (M15) over an extended period from 2010 to 2024. Here are some highlights:

  1. Net Profit: Generated a substantial total net profit of $61,123.67 with an initial deposit of $1,000, showcasing strong profitability potential.
  2. Profit Factor: With a profit factor of 1.33, the EA's profitability is moderate, indicating that it produces profitable trades more often than losses.
  3. Drawdown: The relative drawdown was recorded at 15.67%, which is relatively low for a high-volatility asset like gold. This shows the EA’s capacity for controlling risk.
  4. Win Rate: The EA boasts a high win rate, achieving 88% in long trades and 89.78% in short trades.
  5. Largest Profit/Loss Trade: The largest profit trade was $306.00, while the largest loss was $1,396.86, illustrating the potential volatility in results.

Advantages of AI GeoGold EA

  1. Adaptability to High-Impact Events
    The EA’s algorithm is designed to react to global events, making it ideal for trading during volatile market conditions.
  2. Risk Management
    With trailing stops, dynamic stop losses, and reverse signal closures, the EA offers extensive risk management to protect traders' capital.
  3. High Win Rate
    The high win percentage for both long and short trades is a strong indicator of consistent performance.
  4. No Martingale Strategy
    The absence of martingale reduces the risk of large drawdowns, appealing to traders looking for safer investment options.
  5. Automated Trading Features
    Features like automatic lot sizing, time-based trading control, and support for manual order management enhance the user experience.
See also  Priceless GRID PRO - (No Limitations)

Disadvantages of AI GeoGold EA

  1. Requires High Volatility
    AI GeoGold EA’s profitability depends on high-impact events, which may not occur regularly. During periods of low volatility, performance may stagnate.
  2. Significant Initial Drawdown Potential
    Despite good overall performance, the EA has experienced large individual losses. Traders should be prepared for possible high drawdowns in volatile markets.
  3. Complex Settings for Beginners
    The EA’s comprehensive settings can be overwhelming for new traders, requiring a good understanding of parameters like trailing stops, ZigZag configurations, and time-based controls.
  4. Not Suitable for Low-Capital Accounts
    Although the initial deposit was $1,000 in testing, trading gold with adequate risk management typically requires a higher balance to accommodate potential drawdowns.
  5. Dependency on External Market Factors
    Since the EA relies heavily on geopolitical and economic events, it may underperform in stable markets where price breakouts are less frequent.

Conclusion

The AI GeoGold EA is a powerful tool tailored for trading the gold market, particularly during times of high volatility. Its event-driven strategy, smart risk management features, and high win rate make it attractive to seasoned traders looking to capitalize on short-term movements in XAUUSD. However, its complexity and potential for significant drawdowns make it less suitable for beginners or low-capital accounts. Additionally, its dependency on external market factors could result in inconsistent performance in stable periods.

Download AI GeoGold 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.

87.15 KB

Risk Disclaimer

Trading forex carries significant risks and may not be suitable for all investors. Past performance does not guarantee future results. The statistics and performance metrics presented are based on historical data and may not represent future performance. Traders should carefully consider their financial situation and risk tolerance before using any automated trading system

How useful was this post?

Click on a star to rate it!

Average rating 4 / 5. Vote count: 1

No votes so far! Be the first to rate this post.

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?



Author: Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.