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Gold Miner is a grid expert advisor for MetaTrader 4. It looks for price congestion zones, opens a grid of orders from them, and can close losing orders against profitable ones. It is built mainly for gold and other volatile pairs.
Get one message the moment it launches, with its price.
Gold Miner is an expert advisor for MetaTrader 4 that trades with a grid of orders. Entries are placed near zones where price has bunched up, and a built-in overlap routine works to close losing orders using the profit from newer ones. It is designed mainly for gold, although it can be attached to other volatile pairs.
The EA scans a chosen number of bars on the selected timeframe and looks for a price range in which a set number of bars have gathered. It treats these as areas where larger buyers and sellers were active, and where a short-term move often begins. When price moves a set distance from such a zone, the first order is opened.
If price moves against the first order, further orders are added at a fixed or growing step, with lots that can increase by a multiplier. Once the grid reaches a chosen order number, the overlap function can close the worst losing order together with profitable orders when their combined result reaches a minimum number of pips. This reduces open exposure, but a grid can still build a large floating loss in a strong, one-way market.
You can allow both directions or restrict the EA to buy only or sell only. This makes it possible to use the EA semi-automatically, following a trend view you form yourself or from another indicator.
Gold (XAUUSD) is the main target. Other volatile pairs such as GBPUSD, USDCAD, EURUSD, USDJPY, USDCHF, AUDUSD and NZDUSD are also mentioned as candidates. The signal timeframe is an input, so you can test several and compare behaviour. A low-spread account is usually preferable because a grid opens multiple orders.
The inputs are grouped below. The exact defaults are not listed here, so check them in the input window and test before trading live.
| Group | Inputs | Purpose |
|---|---|---|
| Signal search | TIMEFRAME, COUNT_BARS, PRICE_RANGE, COUNT_BARS_IN_RANGE, ENTRY_DISTANCE | Define the congestion zone and the first entry |
| Direction | USE_POSITIONS, USE_HEDGING, REVERSAL_POSITIONS, NEW_CYCLE | Choose trade direction and cycle behaviour |
| Lots | INITIAL_LOT, LOT_MULTIPLIER, MAX_LOT | Control position sizing across the grid |
| Grid | STEP_ORDERS, STEP_MULTIPLIER, MAX_STEP, MAX_ORDERS | Control spacing and size of the grid |
| Overlap | OVERLAP_ORDERS, OVERLAP_PIPS | Decide when and how losing orders are offset |
| Exits | STOPLOSS, TAKEPROFIT, BREAKEVEN_STOP, BREAKEVEN_STEP, TRAILING_STOP, TRAILING_STEP | Per-order protection; -1 turns an item off |
| Schedule and limits | START_TIME, END_TIME, CLOSE_ALL_ON_FRIDAY, EQUITY_TAKEPROFIT, EQUITY_STOPLOSS, RE_START | Trading hours, weekend close and account-level targets |
| Identification | MAGIC_NUMBER, ORDERS_COMMENT | Separate this EA's orders from others |
Grid systems can carry large floating losses when price trends against the grid, and larger lot multipliers speed this up. Set a maximum number of orders, a maximum lot and an equity stop that you can afford.
Trading carries risk, and past results do not predict future ones. Test on a demo account first and only trade with money you can afford to lose.
For continuous operation, consider a VPS, since the EA must stay connected to manage open grids.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Signals, Trend, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated with optional direction filter |
| Trade style | Grid with order overlap, entries based on price congestion zones |
| Markets | Gold (XAUUSD) first; also volatile forex pairs such as GBPUSD, USDCAD, EURUSD |
| Timeframes | Chosen through the TIMEFRAME input for signal search |
| Risk controls | Stop loss, take profit, breakeven, trailing, equity targets |
| Account type | Low-spread ECN account suggested; hedging is optional |
| Requirements | MT4 terminal, algo trading enabled, stable connection or VPS |
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No. This listing is the MetaTrader 4 build and will only load in an MT4 terminal. An MT5 terminal needs a separate MT5 product.
It is aimed at gold (XAUUSD) and other volatile pairs such as GBPUSD, USDCAD, EURUSD, USDJPY, USDCHF, AUDUSD and NZDUSD. Symbol names differ between brokers, so check how your broker names gold before attaching the EA.
A grid system opens several orders, so spread and execution matter. A low-spread ECN-style account is generally preferred. Check whether your broker allows hedging if you plan to enable USE_HEDGING, and check the minimum lot and margin requirements for gold.
Yes. USE_POSITIONS lets you restrict trading to buy only or sell only. Some users pair this with their own trend analysis or a separate signal indicator, then set the direction by hand.
There is no single correct set. Lot size, grid step and order limits depend on your balance, leverage and the symbol. Test different values in the Strategy Tester and on a demo account first, and size the initial lot so that a deep grid is still affordable.
Copy the expert file into the MQL4/Experts folder through File, Open Data Folder in MT4, restart the terminal or refresh the Navigator, then drag the EA onto a chart with algo trading enabled.
Gold Miner MT4
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