XAU Strike EA MT4 – Free Download

Introduction to XAU Strike EA

XAU Strike EA is a forex trading tool developed with insights gained from extensive research of the gold (XAUUSD) market. Its primary focus is on generating rapid profits while maintaining risk management strategies. Designed for the 1-minute (M1) time frame, this expert advisor (EA) is tailored for traders with a minimum balance of $1,500 and aims to strike the market with precision.

Technical Specifications

Version: 9.5.9
Year of issue: 2024
Working pairs: XAUUSD
Recommended timeframe:  M1
Minimum Deposit: $1500
Average of account: 1:30 To 1:1000

Best Brokers List

XAU Strike 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

XAU Strike EA Settings

Detailed Breakdown of Settings

From the provided images, the XAU Strike EA offers an array of adjustable settings, each contributing to its strategy:

• Risk and Money Management:
  • Auto Money: Automates lot sizing based on account balance.
  • SL Risk: Determines the risk level for stop loss calculation.
  • Min and Max Lots: Sets the boundaries for the size of trades.
• Profit Targets and Drawdown Limits:
  • Daily and Monthly Profit Targets: These parameters help cap profits and protect gains.
  • Maximum Loss: Sets a hard stop on losses, adding a layer of protection.
• Order Management:
  • Martingale Multiplier: Defines the lot size increment when using the martingale method.
  • Order Density: Controls how closely subsequent orders are placed.
• Trading Indicators:
  • Trailing Stop: Protects gains by moving the stop loss as the trade becomes profitable.
  • PipStart and PipStep: Configures trailing stop parameters to optimize exits.

See also  Fx Nuclear Pips EA - Free Edition

Key Features of XAU Strike EA

1. Optimized for Gold Trading: The EA is specifically calibrated for XAUUSD, ensuring high compatibility with the volatility and movements unique to the gold market.
2. Rapid Profit Strategy: It adopts a “quick entry, quick exit” approach, emphasizing profit-taking and risk mitigation. The idea is to recover the initial capital swiftly and then consider higher-risk strategies for potential gains.
3. Martingale Recovery System: If the EA's initial prediction of a market reversal is incorrect, it deploys a martingale strategy to average the entry price. This can help recover losses if the market eventually turns in the desired direction.
4. Pre-Virtual Order Analysis: The EA anticipates and positions itself ahead of virtual orders, aiming to predict reversal points with higher accuracy.
5. Customizable Parameters: The EA allows traders to fine-tune settings, including stop loss, take profit, and order density, to match their trading style and risk tolerance

XAU Strike EA : Performance Analysis

The backtest report, based on Tickmill Live04 with a modeling quality of 99.90%, shows promising results:

• Initial Deposit: $1,000
• Gross Profit: $9,618.58
• Profit Factor: 2.96, indicating that for every dollar risked, approximately $2.96 was earned.
• Maximal Drawdown: 79.58% ($3,912.87), highlighting the significant risk associated with the martingale strategy.

Advantages of XAU Strike EA

1. High Profit Potential: The EA's strategy can yield substantial gains, especially in a volatile market like gold.
2. Customizable Settings: Flexibility in adjusting parameters allows traders to optimize the EA for different market conditions.
3. Effective Use of Martingale: While risky, the martingale strategy can effectively recover from unfavorable trades if market conditions align.
4. Pre-Emptive Market Analysis: Entering trades before virtual orders provides an edge in identifying reversal points early.
5. Automated Risk Management: Features like daily profit caps and drawdown limits help protect against large losses.

Disadvantages of XAU Strike EA

1. High Drawdown Risk: The martingale strategy inherently carries the risk of significant drawdown, which can lead to substantial losses if not managed properly.
2. Requires High Capital: The EA's effectiveness is best realized with a sufficient account balance to withstand periods of loss, making it less accessible to traders with limited capital.
3. Market Dependency: The EA's performance is heavily influenced by market conditions. Extreme volatility or unforeseen events can adversely impact its strategy.
4. Potential Overfitting: While the EA is optimized for gold, its performance may not generalize well to other instruments, limiting diversification.
5. Complex Setup: Traders may find the numerous adjustable parameters overwhelming, especially if they lack experience in EA optimization.

Conclusion

XAU Strike EA offers an exciting approach to gold trading, blending rapid profit-taking strategies with risk management features. However, it is essential to recognize the inherent risks, particularly the potential for large drawdowns associated with martingale systems. For traders willing to invest time in fine-tuning settings and monitoring performance, this EA can be a valuable tool. However, novice traders should approach with caution and consider using demo accounts to understand its behavior fully.

Download XAU Strike 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.

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