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Gold Buster is an MT4 expert advisor for gold (XAUUSD) that works with support and resistance levels and sizes positions according to a risk setting. This page explains how it behaves, what to check in its inputs and how to install it.
Get one message the moment it launches, with its price.
Gold Buster is an expert advisor for MetaTrader 4 that focuses on gold, quoted as XAUUSD. It looks for support and resistance levels on the chart, opens and manages trades around them, and sizes positions using a risk setting that you control.
Instead of relying on fixed horizontal lines that you draw by hand, the EA works out support and resistance zones from recent price action and updates them as the market moves. It then reacts when price approaches or breaks those zones. The product description mentions breakout, reversal and momentum-style entries, so you should expect more than one way of entering a trade. Once a position is open, the EA can manage it with stop-loss, take-profit and trailing stop functions.
Lot size can be linked to a risk tolerance that you set. In principle a lower risk value gives smaller positions, and volatile conditions can change the size that is calculated. Always confirm in the inputs how the lot size is derived and whether a fixed lot option is also available.
The tool is meant for gold. Gold can move quickly and spreads and swaps vary by broker, so results on one account may differ from another. The exact timeframe the author intends is not stated here, so check the default inputs and test the EA on the timeframe you plan to use.
We do not list exact default values because they may change between releases. Open the Inputs tab after attaching the EA and review each group of parameters.
| Area | What to check |
|---|---|
| Risk or lot size | Whether lots are fixed or calculated from a risk percentage |
| Stop loss and take profit | Distance units, and whether they are set in points or pips |
| Trailing stop | Whether it is enabled and how far price must move before it starts |
| Trade identification | The magic number, so it does not clash with other EAs |
| Trading hours | Any session or spread filters that limit when orders are placed |
Trading carries risk, and you can lose some or all of your capital. Past results, including any back-test or screenshot, do not predict future ones. Test on a demo account first and only trade with money you can afford to lose.
Because an EA only trades while the terminal is running and connected, many users run it on a VPS. Start with a demo account and a small risk setting while you learn how it behaves on your broker's feed.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (MT4) |
| Strategy focus | Gold or XAUUSD, 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 (check your broker's symbol name) |
| Strategy type | Support and resistance |
| Timeframes | Check the default inputs and test before choosing one |
| Position sizing | Risk-based lot sizing with user-defined tolerance |
| Requirements | MT4 terminal with AutoTrading enabled; VPS advised |
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No. This file is built for MetaTrader 4 and will not load in MT5. The author publishes a separate MT5 edition, so if you use MT5 you should look for that one instead.
It is designed for gold, so attach it to the XAUUSD chart. Brokers name the symbol differently, for example with a suffix, so confirm the exact name in your Market Watch window and check that the symbol is available for trading.
Copy the expert advisor file into the MQL4/Experts folder through File, Open Data Folder in MT4. Restart the terminal or refresh the Navigator, drag the EA onto a XAUUSD chart and tick Allow live trading in the inputs. AutoTrading must also be switched on in the toolbar.
We do not publish fixed values because they depend on your broker, account size and risk tolerance. Open the Inputs tab, read each parameter carefully, and run the Strategy Tester and a demo account before using real money.
No. Automated trading carries risk, you can lose part or all of your capital, and past results do not predict future ones. Test on a demo account first and only risk money you can afford to lose.
Gold Buster
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