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Money Printer EA is an MT4 grid-style expert advisor for gold (XAUUSD) and major forex pairs. It can run fully automatically or semi-automatically, with buy-only or sell-only modes that you can pair with a separate trend or signal tool.
Get one message the moment it launches, with its price.
Money Printer EA is an expert advisor for MetaTrader 4 that opens a series of orders spaced by a fixed grid distance. It is aimed at gold (XAUUSD) and major forex pairs, and it can be left to run on its own or steered by hand through its buy and sell switches.
The EA starts a series with a first order inside the hours you set. If price moves against that order, it adds further orders at the grid step distance, and each new order can be larger than the last by a lot multiplier. The series closes on a take profit measured in pips, or by the trailing stop if you activate it. A stop loss is measured from the first order of the series.
You can allow buy, sell or both. With hedge mode off, the EA trades in one direction only. Many users pair it with a separate trend indicator or signal tool, decide the direction themselves, and set the EA to buy only or sell only. That makes it semi-automatic rather than fully hands-off.
The drawdown reduction routine can close the most recent profitable order together with the first losing order of a series. You choose which order number activates it and how many pips of profit are needed. This can shrink open exposure, but it does not remove the risk of a losing series.
The main inputs are listed below. Check the defaults on your own chart before trading, as they may differ between brokers and instruments.
| Input | Purpose |
|---|---|
| Max order | Maximum number of orders in a series |
| Open new series | Turns the start of new series on or off |
| Start lots | Lot size of the first order |
| Trade Buy / Trade Sell | Allows buy or sell orders |
| Use hedge | Allows both directions at once |
| Use Money Management | Automatic lot calculation from free margin |
| Lot multiplier | Size increase for following orders |
| TP / SL | Take profit and stop loss in pips |
| Grid Step | Distance between orders |
| Trail Start / Trail Step | Trailing stop activation and distance |
| DD Reduction, Overlap_Orders, Overlap_Pips | Drawdown reduction routine |
| Magic | Identifier for the EA's orders |
| Start / End hour | Time window for the first order |
| Maximum Lot, Maximum spread | Upper limits on size and spread |
Grid systems with a lot multiplier can build large positions during a strong one-way move. Keep the multiplier, the order count and the maximum lot conservative, and test on a demo account first.
Trading carries risk and you can lose more than you expect. Past results, including backtests, do not predict future ones. The developer's capital guidance is a starting point only, so check margin requirements with your broker.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor, .ex4) |
| 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 |
| Markets | Gold (XAUUSD) and major forex pairs |
| Timeframes | M15 suggested for forex pairs; check gold settings yourself |
| Trade style | Grid with optional trend direction filter by hand |
| Order handling | Take profit, stop loss, trailing stop, drawdown reduction |
| Capital guidance | Developer suggests 2,000 USD forex, 10,000 USD gold |
| Broker type | Low-spread ECN account preferred |
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No. This listing is built for MetaTrader 4 and will not load in MetaTrader 5. If you use MT5, look for a product made for that platform.
In MT4 choose File, then Open Data Folder, open MQL4 and then Experts, and copy the expert advisor file there. Restart MT4 or refresh the Navigator, drag the EA onto a chart and make sure Algo Trading is switched on.
The developer says the news feature reads the FXStreet calendar. If you want to use it, open Tools, Options, Expert Advisors, tick the option to allow WebRequest for listed URLs and add the FXStreet calendar address. Check the exact address in the settings or product guidance.
The developer suggests roughly 2,000 USD for forex pairs and 10,000 USD for gold. Grid systems can hold several open orders at once, so check the margin needed on your own broker and use a demo account first.
A low-spread ECN account is usually the better fit for a grid system because the EA includes a maximum spread filter. Test on a demo account with your broker before trading real money.
Yes. The Trade Buy and Trade Sell options let you restrict the EA to one direction, for example after you read the trend with a separate indicator or signal tool. Hedge mode controls whether both directions may run together.
Money Printer EA
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