GoldPulse EA MT4 – Free Download

Introduction

The Forex GoldPulse EA is a specialized automated trading tool tailored for the gold (XAU/USD) market in the forex trading space. Designed with a focus on precision, reliability, and ease of use, this EA incorporates multiple advanced systems and strategies. In this review, we will dive deep into its features, functionality, advantages, and disadvantages, providing an objective evaluation.

Technical Specifications

Version: 1.96
Year of issue: 2024
Working pairs: XAUUSD (GOLD) 
Recommended timeframe: M15
Minimum Deposit: $100
Average of account: 1:30 To 1:1000

Best Brokers List

GoldPulse EA System 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

 GoldPulse EA Settings

Key Features of GoldPulse EA

1. Dual Trading Systems
   • The EA combines two distinct trading strategies:
     • Scalping Strategy: Targets small, frequent profits by capitalizing on short-term price movements.
     • Time-Based Dependency Strategy: Opens up to two trades at predefined time intervals to maximize opportunities during peak market activity.
2. Set-and-Forget Capability
   • The GoldPulse EA is fully automated. Users can rely on its default settings without requiring manual intervention or optimization, making it user-friendly for both beginners and seasoned traders.
3. Intelligent Money-Management System
   • This system adjusts lot sizes and manages trade risks effectively, helping traders protect their capital and profits over the long term.
4. Drawdown Protection System
   • It minimizes losses by implementing sophisticated algorithms to manage high-risk scenarios.
5. Precise Entry and Exit Algorithms
   • The EA ensures well-timed trade executions, enhancing profitability by leveraging technical indicators and price patterns.
6. Broker Spy Module
   • This module monitors broker activity, helping traders identify and avoid unfavorable broker conditions. The collected data is stored externally for continuous tracking.
7. Other Notable Features
   • High Spread Protection.
   • Advanced News Filter to avoid high volatility.
   • Stealth Mode to prevent brokers from detecting the trading strategy.

Performance Evaluation

The performance statistics provided by the GoldPulse EA show significant profitability over an extended backtesting period (18 years), indicating its robustness and reliability in diverse market conditions. The tool demonstrates consistent returns when tested under fixed lot sizes and risk-managed scenarios:

• Fixed Lots Testing:
  • Profit: $92,520
  • Drawdown: 4.65%
  • Profit Factor: 1.61
• 1% Risk Management:
  • Profit: $3,720,894
  • Drawdown: 12.91%
  • Profit Factor: 1.48

Advantages of GoldPulse EA

1. High Accuracy and Automation
   • The EA operates with minimal human intervention, making it ideal for traders with limited time or expertise.
2. Risk Mitigation Tools
   • Features such as the Drawdown Protection System and Broker Spy Module provide an added layer of security for traders.
3. Versatile Market Conditions
   • Capable of performing in bullish, bearish, and range-bound markets.
4. Ease of Use
   • Requires no extensive setup or optimization. Simply install and run with the default settings.
5. Comprehensive Broker Monitoring
   • The Broker Spy Module empowers users with insights into broker behavior.
6. Proven Long-Term Performance
   • Backtesting over an 18-year period demonstrates consistent profitability.

Disadvantages of GoldPulse EA

1. Dependency on Market Conditions
   • While the EA performs well under normal conditions, extreme market volatility or unexpected geopolitical events may impact results.
2. Limited Currency Support
   • It only supports XAU/USD (gold), limiting diversification opportunities for users looking to trade other pairs.
3. Drawdown in Risk Management Mode
   • Although the EA shows significant profit potential under a 1% risk management system, the drawdown (12.91%) might be higher than acceptable for some traders.
4. High Initial Investment
   • Given the potential profitability, some traders may find the initial deposit requirements challenging if starting with limited capital.
5. Reliance on Broker Integrity
   • Despite the Broker Spy Module, some brokers might still manipulate spreads or execution speeds, which could negatively affect performance.

Real-World Trading Insights

Based on live trading data:

• Frequent profitable trades are evident, with pip gains ranging from 200 to 600 pips on average.
• Losses are relatively minimal compared to gains, demonstrating the EA’s ability to manage risk effectively.
• The protection features, such as stop-loss settings and spread limitations, ensure controlled risk exposure.

Conclusion

The GoldPulse EA is a powerful expert advisor for traders focusing on the gold (XAU/USD) market. Its dual trading systems, intelligent algorithms, and risk management features make it a reliable choice for both novice and experienced traders. However, its performance is heavily dependent on market conditions and broker reliability, and its scope is limited to a single trading pair.

While the EA shows strong backtesting and live trading results, users should approach it with realistic expectations and a proper understanding of market risks. The GoldPulse EA is a tool, not a guarantee of success, and as with all trading strategies, due diligence and consistent monitoring are crucial.

Download GoldPulse 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.

Get GoldPulse EA

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