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PS Gold Miner is an MT4 expert advisor aimed at gold (XAUUSD) that starts trade sequences from RSI or Stochastic signals, or manually, and manages them with a staged recovery grid and an optional loss cut.
Get one message the moment it launches, with its price.
PS Gold Miner is an automated expert advisor for MetaTrader 4, built mainly for gold (XAUUSD) and also listed as suitable for EURUSD and GBPUSD. It opens a trade sequence from an indicator signal and then manages the open positions with take profit and stop levels and a staged recovery of extra orders.
The EA does not simply place one trade and wait. Each sequence starts from a first order, and if price moves against it the EA can add further orders at set distances, each with its own lot multiplier. The aim of this recovery approach is to bring the whole group of trades back to a net exit. It also means exposure grows when the market keeps moving the wrong way.
You set the distance and lot multiplier for the second and third orders, then one distance and multiplier for every order after that. A maximum number of trades per side caps the sequence. A loss cut can close everything once losses reach a fixed amount or a percentage, or it can be turned off.
The developer suggests gold, EURUSD and GBPUSD on the H1 or H4 chart. Gold can move quickly and spreads vary between brokers, so use the maximum spread filter and check how your broker names the symbol before attaching the EA.
| Setting | What it does |
|---|---|
| Allow buy / Allow sell | Turns each trade direction on or off |
| Strategy type | Chooses RSI, Stochastic, pure hedging or manual |
| Allow hedging | Lets the EA open hedged trades if the broker permits it |
| Allow trades on Friday | Enables or disables Friday trading |
| Maximum spread | Blocks new trades above a spread limit; zero disables the filter |
| Lot type and initial lot | Automatic or manual sizing |
| Trade distances and multipliers | Control where recovery orders go and how large they are |
| Maximum trades per side | Limits the size of a sequence |
| Loss cut type and value | Closes all trades at a set amount or percentage loss |
Exact default values depend on the build you install, so open the input window and review every value before going live.
Recovery grids and hedging can hold losing positions for a long time and increase lot sizes as they go. A strong trend against the sequence can cause large drawdowns. The account minimums the developer lists are a starting point, not a safety level. Use the loss cut and the trade limit, and run a forward test on a demo account first.
Trading carries risk, and you can lose some or all of your capital. Past results, including any shown on a signal or in a backtest, do not predict future ones.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Trend, Momentum |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Automated trading, trend and momentum entries with recovery |
| Main market | Gold (XAUUSD); EURUSD and GBPUSD also listed as suitable |
| Suggested timeframes | H1 or H4 |
| Entry modes | RSI, Stochastic, pure hedging, manual start |
| Order management | Automatic take profit and stop levels, recovery orders, optional loss cut |
| Account notes | Hedging must be allowed by the broker if that option is used |
| Developer's minimums | Balance of 1000 USD (10 USD on a cent account), leverage 1:30 or higher |
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No. This is an MT4 expert advisor and will not run on MetaTrader 5. Make sure your broker offers an MT4 account before you buy.
The tool is built mainly for gold (XAUUSD), and EURUSD and GBPUSD are also listed as suitable. H1 or H4 charts are the suggested timeframes. Check how your broker names the symbol, since some add a suffix or prefix.
Only if you switch on the hedging option or use the pure hedging strategy. Check your broker's account rules first. If hedging is not permitted, leave that option off and test carefully on a demo account.
Copy the expert advisor file into the MQL4 Experts folder through File, Open Data Folder in MT4, then restart the terminal or refresh the Navigator. Drag the EA onto a chart and make sure Algo Trading is switched on.
The developer recommends at least 1000 USD, or 10 USD on a cent account, with leverage of 1:30 or more. Treat these as minimums only. Because the EA adds recovery orders, the right balance depends on your lot size and settings, so test on a demo account first.
Yes. You can set lot size manually or automatically, the distance and lot multiplier of each recovery order, the maximum number of trades per side, a spread limit, and a loss cut by amount or percentage.
PS Gold Miner
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