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EA Goldfish is an MT4 expert advisor that opens trades when price breaks the previous day's high or low. It adds to losing positions with a multiplier and Fibonacci-based spacing, capped at eight orders per symbol.
Get one message the moment it launches, with its price.
EA Goldfish is a fully automated expert advisor for MetaTrader 4. It watches the previous day's high and low and opens a trade when the current price moves beyond either level. If the trade goes against it, the EA adds further orders using a lot multiplier and spacing based on Fibonacci retracement.
Each day the EA reads the prior session's range. A move above yesterday's high or below yesterday's low is treated as a breakout signal, and the first order is opened in that direction. It does not use a fixed stop loss in the usual sense. Instead it relies on averaging, so you should understand how that behaves before you use it.
An optional daily target, entered in account currency, stops the EA from opening new trades once the day's profit reaches that amount. Leave it at zero to disable the feature.
The product listing suggests major pairs such as GBPUSD, EURUSD, AUDUSD, USDCHF and USDCAD. It is meant for timeframes from M5 up to H4, so it should not be attached to M1 or to daily charts. Brokers with a low or zero stop level and no swap charges are preferred, though the EA is not tied to a specific broker.
Exact defaults can differ, so open the input tab after attaching the EA and review each value. The main inputs are:
| Input | Purpose |
|---|---|
| Lot sizing | Lots can be calculated from equity or from balance. Equity is usually better when other EAs share the account. |
| Take profit | Set in points, not pips. Check how many points make a pip on your broker. |
| Lot multiplier | Scales the size of each averaging order. Default is 1.2. |
| Daily target | Optional profit limit in account currency. Zero turns it off. |
| Magic number | Separates this EA's orders from other EAs or other symbols. |
Averaging with rising lot sizes can produce large floating losses when price trends against the grid for a long time. Account size, leverage, lot size and multiplier all affect how much room the EA has. Test on a demo account and in the Strategy Tester first, and only move to a live account with money you can afford to lose.
Trading carries risk, and past results do not predict future ones. Backtests and demo runs cannot account for every live condition, such as slippage, spread changes and swap.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Trade style | Daily breakout entry with martingale-style averaging |
| Suggested symbols | GBPUSD, EURUSD, AUDUSD, USDCHF, USDCAD |
| Timeframes | M5, M15, M30, H1, H4 (above M5, below D1) |
| Order limit | Up to 8 open orders per symbol |
| Account types | Works on standard, micro and cent accounts |
| Broker conditions | Any broker; low stop level and no swap preferred |
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No. This edition is built for MetaTrader 4 and will not load in MT5. If you trade on MT5, look for a product that is listed specifically for that platform.
Open MT4, choose File, then Open Data Folder, and place the expert file in MQL4/Experts. Restart the terminal or refresh the Navigator, drag the EA onto a chart, and enable Algo Trading. Allow automated trading in the EA properties as well.
Yes. It adds further orders after an adverse move and increases the lot size with a multiplier. The number of orders per symbol is capped at eight and spacing follows Fibonacci levels, but drawdown can still grow quickly in a strong trend. Size your lots with care.
It can run with any broker. The product listing suggests brokers with a zero stop level and no swap charges, because order spacing and holding costs matter for a grid-style approach. Check your broker's conditions before going live.
The product listing suggests a balance of around 1000 USD and leverage of 1:500 or more. Treat these as starting points only, and test on a demo account to confirm that the lot settings suit your own equity.
Yes. Give each EA its own magic number so their orders are kept apart. When sharing an account, basing lot size on equity is usually the safer option.
EA Goldfish
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