Precision Gold Trader EA V1.7 – Free XAUUSD Scalper for MT4

Looking for a no-fluff, high-precision gold scalper that won’t cost you an arm and a leg? Precision Gold Trader EA V1.7 steps up to the plate. Designed by the YoForex team for the XAUUSD M5 chart, this MT4 Expert Advisor slices through noise to capture tiny gold moves with surgical accuracy. It’s been fully back-tested across volatile spikes, live-market verified, and released 100% free on MQL5.software—no subscriptions, no hidden fees. Whether you’re a seasoned pro or just testing the waters with automation, you’ll find this EA refreshingly straightforward… yet surprisingly powerful. Ready to see why Precision Gold Trader EA is the go-to free tool for M5 gold scalpers? Let’s dive in.

Overview

Precision Gold Trader EA V1.7 runs natively on MetaTrader 4, scanning the XAUUSD five-minute chart for tight, high-probability breakout and mean-reversion setups. At its core lies a dual-filter algorithm: a volatility breakout trigger based on ATR, plus a momentum filter that confirms true directional bias. This two-step process weeds out fakeouts—coz in scalping, one false signal can wipe out half your profit.

Here’s the gist: when gold’s ATR reading spikes above a dynamic threshold, the EA flags a potential entry zone. If price momentum aligns (measured via a short EMA crossover), the trade’s on. Once filled, an adaptive trailing stop kicks in—locking in gains step by step, while a fixed take-profit caps each trade neatly. You’ll also find a session filter to avoid low-liquidity hours, plus a spread guard to skip trades when conditions aren’t friendly.

Key Features

• +1–2% daily profit targets on average
• Max drawdown capped at 5% per account
• No martingale, no grid—just clean price-action logic
• ATR-based volatility breakout filter
• Momentum confirmation via EMA crossover
• Adaptive trailing stop with tiered locking
• Fixed-lot and percentage-risk options (0.5–2%)
• Session filter: configure your preferred trading hours
• Spread and slippage guard (default max: 2.5 pips)
• FIFO compliant for US brokers
• Ultra-light CPU usage—runs on any basic VPS
• Over 10,000 tick-data trades back-tested

Backtest Results & Proof

Between January 2019 and June 2025, Precision Gold Trader EA V1.7 was tested on tick-by-tick XAUUSD data, producing a compound monthly growth of +13% and a Sharpe ratio above 1.9. Maximum drawdown stayed under 5%, even during the March 2020 gold sell-off. Across 10,500 trades, the EA showed consistent performance in trending and ranging markets alike.

How to Install & Configure

  1. Download the EA from MQL5.software:
    https://mql5.software/product/precision-gold-trader-ea-v1-7-mt4
  2. Copy PrecisionGoldTraderEA_V1.7.ex4 into your MT4 Experts folder.
  3. Restart MT4 or hit Refresh under Navigator.
  4. Attach the EA to an XAUUSD M5 chart.
  5. Load the recommended template:
  • Risk % per Trade: 1% (adjust to your comfort)
  • ATR Period: 14
  • EMA Fast/Slow: 8/21
  • Spread Limit: 2.5 pips
  • Session Filter: ON (GMT+1: 07:00–17:00)

Feel free to tweak risk %, session times, or filter thresholds to match your broker’s specs. The EA auto-rescales stops and targets based on your inputs.

Why Choose YoForex-Powered Tools?

YoForex isn’t just another EA shop. We’re traders, quants, and devs united by one mission: build free, high-performance tools that actually make money. With every release—like Precision Gold Trader EA V1.7—you get:

  • Zero Cost: fully free on MQL5.software, no premium tiers
  • Regular Updates: we adapt strategies as markets evolve
  • Full Transparency: backtest and live logs open for review
  • Community-Driven: feature requests directly via Telegram

When you trade with YoForex, you trade with a team that prioritizes results over revenue… and that’s pretty rare these days.

Support 

Questions? Bugs? We’re here:

Call to Action

Ready to sharpen your gold scalping edge? Download Precision Gold Trader EA V1.7 now on MQL5.software and start tapping into micro-moves on XAUUSD M5. It’s 100% free, easy to set up, and backed by YoForex support. Don’t wait—precision pays!

YoForex – empowering traders worldwide, one free tool at a time.

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Happy Trading