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Greedy Golden is an MT4 expert advisor for XAUUSD that opens buy-only trades when it detects divergence. It combines longer-term positions with short-term ones and exits on a profit target or trailing stop. Trading carries risk.
Get one message the moment it launches, with its price.
Greedy Golden is an expert advisor for MetaTrader 4 that trades gold (XAUUSD) in the buy direction only. It tries to combine two approaches in one system: holding some positions for longer price moves and taking quick profits from smaller swings.
The EA looks for divergence, which is a mismatch between price movement and an indicator reading, and uses it as the signal to open a buy trade. It then manages two kinds of positions.
Positions are closed either when a set profit margin is reached or when a trailing stop is hit. The developer describes the logic as divergence detection combined with capital management. That is a design intention, and it does not remove the risk of loss.
The EA is meant for XAUUSD only. Suggested timeframes are M5, M15 and M30, with M15 described by the developer as the best option. Because it only buys, it can be exposed to losses during a sustained fall in gold, so consider how that fits your plan.
Check these figures yourself against your broker's gold contract specifications, since they differ between brokers.
The exact list of inputs is not reproduced here, so open the EA's input tab after attaching it and read each parameter. Look in particular at the following areas.
| Area | What to check |
|---|---|
| Lot size or risk setting | Match it to your balance and the loss you can accept |
| Profit target and trailing stop | Confirm how and when positions are closed |
| Time filter | Set the hours in which trading is allowed, including around news |
| Symbol name | Make sure it matches your broker's gold symbol |
A user manual is mentioned by the developer. Ask for it if it is not supplied with your download.
Trading leveraged products such as gold carries a high level of risk, and you can lose more than you expect. Past results, including any monitoring signals you may see, do not predict future ones. Test on a demo account before using real funds.
After installation, let it run on a demo account first and watch how it handles spreads, swaps and the time filter on your broker before moving to a live account.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (MT4) |
| Strategy focus | Gold or XAUUSD, Scalping, Signals, Trend |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Symbol | XAUUSD (gold) only |
| Timeframes | M5, M15, M30; M15 is the developer's preferred choice |
| Trade direction | Buy only |
| Trade style | Divergence-based entries, scalping plus longer-term positions |
| Suggested account | Low spread, low commission, low swap or swap-free |
| Developer's suggested minimum | Around 500 USD, leverage from 1:20; confirm before use |
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This edition is for MetaTrader 4. It will not load in MetaTrader 5, which needs a separately built version of an expert advisor.
No. It is designed for XAUUSD and trades only in the buy direction. Running it on other symbols is not what it was built for and is not recommended.
The developer says it can run with any broker, but advises accounts with low spreads, low commission and low swap, or swap-free accounts. Because it can hold positions for longer, swap costs matter. Check your broker's gold conditions before going live.
The developer suggests a minimum of about 500 USD and leverage of at least 1:20, with USD or EUR account currency. These are guidelines, not guarantees of any outcome. Confirm the figures with the developer and test on a demo account first.
Extract the downloaded archive, copy the expert file into the MQL4/Experts folder through File, Open Data Folder in MT4, then restart the terminal or refresh the Navigator. Attach it to an XAUUSD chart and enable automated trading.
The developer advises against manual changes to the positions the EA manages, because this can interfere with its position handling. If you want to change how it behaves, use its input settings instead.
Greedy Golden MT4
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