- April 12, 2025
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Introduction
In the ever-evolving landscape of Forex trading, algorithmic solutions continue to gain momentum. One such notable entrant is GoldRushX EA — a 1-minute gold scalping Expert Advisor (EA) designed for MetaTrader 5. The bot claims exceptional trading accuracy, built-in risk control mechanisms, and tailored compatibility for both retail and proprietary trading accounts.
But how well does it live up to its promises? This review dissects GoldRushX EA’s logic, configuration, performance data, and real-world applicability to offer a clear and original perspective.
Technical Specifications
Version: 1
Year of issue: 2025
Working pairs: Any
Recommended timeframe: Any
Minimum Deposit: Any
Average of account: 1:30 To 1:1000
Best Brokers List
GoldRushX 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:
Core Features of GoldRushX EA
GoldRushX EA operates on a 1-minute chart (M1), a timeframe favored by scalpers aiming for quick market entries and exits. Here's what defines its core structure:
✅ Automated Technical Scalping Strategy
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Executes trades on the GOLD (XAUUSD) pair using proprietary algorithmic logic.
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Enters and exits positions quickly, capitalizing on micro market fluctuations.
✅ Money Management Focus
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Implements a stop-loss on every trade (20 USD equivalent) to protect capital.
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Applies a take-profit level matching the SL, aiming for 1:1 reward-to-risk ratio.
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Uses lot scaling after losses (with a factor of 5x) to recover previous losses with calculated aggression.
✅ Risk & Trade Management Settings
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Max open trades: 1 at a time – a disciplined risk approach.
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Trailing stop functionality with customizable steps and start levels.
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Configurable trade session time (09:00 to 22:00), auto-closes trades at 23:00 to avoid overnight risks.
✅ Built-in News Filter
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Although not deeply visible in the interface, marketing materials highlight news event filtering, preventing entries during high-volatility releases — a major risk-averse feature.
GoldRushX EA Strategy Parameters: Under the Hood
The settings used by GoldRushX EA (as seen in user screenshots) reveal a scalping system that relies on short-term market momentum:
Parameter | Value |
---|---|
Trade Time (Start–End) | 09:00 – 22:00 |
Max Lot Size | 0.5 |
Base Lot Size | 0.1 |
MA Filter | True (100-period SMA) |
Trailing Start | 225 Gold Cents |
Entry Logic | Bar close level: 125, Dimension: 350 |
The use of a Simple Moving Average (SMA) filter with a 100-period window helps filter entries, reducing false signals in volatile sessions.
Live Performance Analysis
According to the real account statistics:
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Absolute Gain: +2,633.04%
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Monthly Return: ~25.21%
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Daily Return: ~0.75%
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Drawdown: 31.55%
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Deposit: €1,000 → Profit: €26,172
These figures are impressive. A gain of over 2600% in under 15 months on a €1,000 deposit is extraordinary, especially with a capped lot size and limited open trades. The drawdown, while notable, remains within the acceptable range for high-frequency trading systems.
The growth curve shows consistent equity appreciation, even accounting for periods of stagnation or pullbacks — a sign of decent risk control.
Advantages of GoldRushX EA
✅ Strong Capital Growth Potential
Backed by proven high monthly returns, GoldRushX EA demonstrates the power of micro-scalping gold with automation.
✅ Built-in Risk Management
The inclusion of a stop-loss on every trade, trailing stop mechanisms, and trade time windows reflect mature money management design.
✅ Prop Firm Friendly
Single-trade logic and capped drawdowns make it attractive for prop traders operating under evaluation rules.
✅ Easy-to-Understand Settings
With clearly labeled inputs, even intermediate traders can understand the logic, adapt lot sizes, and tweak session timings.
Disadvantages and Risks
❌ High Compounding Risk
Using a 5x increase after loss can be risky. If multiple losses occur in a row, margin pressure may spike, especially on smaller accounts.
❌ Limited Market Applicability
The EA is built specifically for XAUUSD (Gold). It may not work reliably on other pairs without extensive backtesting and adaptation.
❌ No Visible News Filter Configuration
Although claimed, the news filter is not clearly adjustable in the settings panel. This could expose the system to volatility if not properly embedded.
❌ Not for Beginners
Despite its simplicity, the strategy’s aggressive risk scaling and micro-timeframe operation may not be ideal for completely novice traders.
Conclusion:
GoldRushX EA brings something unique to the table: a specialized scalping engine crafted for Gold (XAUUSD) with built-in protections and promising live results. It’s not a generic EA trying to fit all markets but a niche, precision tool.
However, its high compounding risk and limited asset flexibility suggest it's best suited for experienced traders or prop-funded traders who understand micro-scalping dynamics.
Verdict: GoldRushX EA showcases serious potential with impressive gains and solid risk filters. But it’s not plug-and-play for everyone. Proper lot sizing, patience, and disciplined oversight are essential for sustainable use.