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Midas Touch is an MT4 expert advisor built for XAUUSD on the M15 chart. It uses the Awesome Oscillator, ADX, DeMarker and a moving average to filter entries, with a fixed stop loss and take profit on each trade.
Get one message the moment it launches, with its price.
Midas Touch is an expert advisor for MetaTrader 4 that trades gold (XAUUSD) on the M15 chart. Instead of opening many positions, it combines four common indicators as filters and only enters when they agree, placing each trade with a defined stop loss and take profit.
The entry logic rests on four tools that each answer a different question about the market:
When these readings line up, the EA opens a trade with a preset stop loss and take profit. The approach is trend and momentum based, and it is designed to be selective rather than to trade continuously.
The EA is tuned for XAUUSD on M15. Gold can move fast and spreads widen around news, rollover and thin liquidity, so the broker you use matters. Look at the spread, commission, execution speed and minimum stop distance your broker applies to gold. A standard or ECN account with 5-digit pricing is the suggested setup.
The indicator inputs and filters can be adjusted. Exact default values are not listed here, so open the input tab after attaching the EA and review each one before trading live.
| Area | What to check |
|---|---|
| Lot size or risk | Confirm whether it uses a fixed lot or a risk-based size, and set it to suit your balance. |
| Stop loss and take profit | Check the distances in points and how they compare with your broker's gold spread. |
| Indicator periods | AO, ADX, DeMarker and moving average inputs can be tuned; change one at a time and test. |
| Filters | Review trend-strength and entry thresholds, and any time or spread limits if present. |
| Magic number | Use a unique value if other EAs run on the same account. |
Gold is volatile, and a fixed stop loss does not remove the chance of slippage, gaps or wider spreads during fast markets. Position size is your main control over exposure, so keep it modest relative to your account.
Trading carries risk, and you can lose some or all of your capital. Past results, including any backtest, do not predict future ones. Test on a demo account first and only trade with money you can afford to lose.
Because the EA only works while the terminal is online, many users run it on a VPS. Run a demo period first to confirm it behaves as expected with your broker's gold symbol.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Trend, Grid, Momentum |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Market | Gold, XAUUSD |
| Timeframe | M15 |
| Trade style | Trend and momentum filtered entries with fixed SL and TP |
| Indicators used | Awesome Oscillator, ADX, DeMarker, moving average |
| Account type | Standard or ECN, 5-digit pricing recommended |
| Hosting | VPS suggested for 24/5 stability |
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This listing is for MetaTrader 4 only. An expert advisor built for MT4 cannot be loaded into MT5, so if you trade on MT5 you need an MT5 build of the product. Check which platform your broker account uses before you buy.
The EA is designed for XAUUSD on the M15 chart. Attach it to that chart only. Other symbols or timeframes are outside what it was built for, and results there are untested. Also check how your broker names gold, since some add suffixes to the symbol.
In MT4 choose File, then Open Data Folder, and copy the expert file into MQL4/Experts. Restart the terminal or refresh the Navigator, drag the EA onto an XAUUSD M15 chart, and make sure Algo Trading is switched on and automated trading is allowed in the EA properties.
The description suggests a standard or ECN account with 5-digit pricing. Spreads, execution speed and stop levels on gold differ a lot between brokers, so compare them and test on a demo account first. Check your broker's minimum deposit and lot size rules yourself.
The description presents it as a selective, single-entry EA with a fixed stop loss and take profit. Even so, read every input in the settings panel and run it on a demo account to see how it actually opens and manages orders before using real funds.
A VPS is not mandatory, but the EA only works while MT4 is running and connected. A VPS keeps the terminal online through the 24/5 gold session without depending on your own computer or internet connection.
Midas Touch
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