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Dragon Golden is an MT4 expert advisor that scalps gold (XAUUSD), mainly on M5, entering with the trend candle or against it. It uses martingale-style position sizing, so adequate capital and careful settings matter.
Get one message the moment it launches, with its price.
Dragon Golden is an automated scalping system for MetaTrader 4 that focuses on gold (XAUUSD). It opens trades either in the direction of the current trend candle or against it, and it manages open positions with martingale-style sizing and an optional hedging mode.
The expert advisor watches price action on the chart it is attached to and looks for short-term entries. Depending on how you configure it, it can follow the momentum of a candle or take the reverse side. When a position moves against it, the system can add further orders using larger lot sizes and aim to close the group at a net gain. Because of this, a single strong move in one direction can create a large floating loss.
Several controls are available to limit that exposure:
The default configuration is meant for XAUUSD on the M5 timeframe. Other symbols can be tried, but that would require your own testing and adjustments. Gold spreads and execution speed differ between brokers, so a low-spread account with reliable fills is preferable. The developer points to cent accounts for the default setup, which lets you scale lot sizes down while you learn how the system behaves.
Exact input names and defaults can change between releases, so read the inputs tab after loading the expert advisor. The table below lists the areas you should look at first.
| Area | What to check |
|---|---|
| Lot size and autolot | Start with the smallest sizes your account allows |
| Maximum lot | Set a hard cap that suits your balance |
| Spread and slippage | Match the limits to your broker's typical gold spread |
| Daily target | Decide whether you want trading to stop after a goal |
| Trailing by money | If used, clear the hedging closing-profit value as the developer advises |
| News filter | Needs WebRequest permission, see installation |
| Maximum pairs open | Useful when running several charts with the same magic number |
Martingale and hedging approaches can look stable for long stretches and then suffer a sharp drawdown. Do not size positions on the assumption that recovery will always work.
Trading carries risk, and past results, including backtests, do not predict future ones. Test on a demo or cent account first and only trade with money you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor, .ex4) |
| Strategy focus | Gold or XAUUSD, Scalping, Trend, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Main market | Gold, XAUUSD; other symbols possible with your own tuning |
| Timeframe | M5 (default setup) |
| Trade style | Scalping, trend or reverse entries, martingale, optional hedging |
| Account type | Cent account suggested by the developer for default settings |
| Brokers | Any MT4 broker offering gold; low spreads help |
| Extra requirement | WebRequest permission for the news filter |
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No. This is an MT4 expert advisor and will not load in MetaTrader 5. If you use MT5, look for a product that is built specifically for that platform.
The default setup is intended for XAUUSD on the M5 chart. Other symbols may be possible, but you would need to test and adjust the inputs yourself. Check your broker's gold symbol name, as suffixes vary.
Yes. The expert advisor increases exposure as part of its recovery logic and can also be used for hedging. That can lead to large drawdowns or a lost account if the market moves strongly against open positions. Use a demo or cent account first and keep lot sizes modest.
In MT4 open Tools, then Options, then the Expert Advisors tab. Tick Allow WebRequest for listed URL and add dailyfx.com and ec.forexprostools.com to the list, then press OK. Without this the news filter cannot download data.
The developer's guidance refers to a cent account and a modest balance per symbol, with more capital recommended for comfort. Exact figures depend on your broker, leverage and lot settings, so confirm the numbers on the original product page and test on demo before going live.
Yes. The inputs include editable comments, an autolot option and a maximum lot setting. Review each value in the inputs tab before you attach the expert advisor to a live chart.
Dragon Golden
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