Magic of Golds EA V1.6 MT4 – Flexible Gold Trading Robot

If you’re looking for an EA that doesn’t lock you into one rigid system, Magic of Golds EA V1.6 MT4 is worth your attention. Built for MetaTrader 4 (MT4), this robot is optimized for XAUUSD (Gold) on the H1 timeframe, and it comes with something many traders crave: choice. You can run it manually, semi-automatically, or let it go fully automated—with two auto modes (fixed lot or dynamic lot sizing).

With its design, you’re not forced to gamble with martingale or grids. Instead, Magic of Golds EA V1.6 MT4 works with hard risk controls, smart defaults, and VPS compatibility so you can run it 24/5. And in auto mode, the developers aim for ~10% monthly returns under typical trading conditions. For cent accounts, it’s also beginner-friendly with a low entry point (just $100 or 10,000 cents).

Overview

The Magic of Golds EA V1.6 MT4 is built as a flexible tool for gold traders who want more control over how their EA behaves. Unlike most one-size-fits-all bots, Magic of Golds EA gives you three distinct trading modes:

  • Manual Mode – You open trades, and the EA helps you manage exits, SL/TP. Works with gold and other currency pairs.
  • Semi-Automatic Mode – You decide on signals, the EA takes care of execution and risk management.
  • Automatic Mode – Full automation with two sub-options:
  • Fixed lot trading (consistent sizing per trade).
  • Dynamic lot sizing (based on free margin).

Its focus is gold (XAUUSD) on H1, with defaults already optimized, so you don’t need external set files. Pair it with a hedge account, 5-digit broker, and leverage of 1:200+, and you’re good to go.

Key Features

• Three trading modes: manual, semi-auto, and full auto.
• Dual auto variants: fixed lot or free-margin–based lot sizing.
• Optimized for gold (XAUUSD) – defaults tuned for H1 trading.
• Expected results: ~10% monthly return in auto mode.
• Manual flexibility: Works on other Forex pairs when in manual mode.
• Simple setup: No external set files required.
• Low deposit: $100+ (or 10,000 cents for cent accounts).
• Leverage-friendly: Works best on 1:200 or higher.
• VPS compatible: Runs 24/5 without interruptions.
• Hedge account support with 5-digit brokers.
• Hard SL/TP logic – avoids risky martingale/grid exposure.

Usage & Settings

  • Platform: MetaTrader 4 (MT4).
  • Symbol: XAUUSD (Gold).
  • Timeframe: H1 (recommended).
  • Leverage: 1:200 or more.
  • Minimum deposit: $100 (10,000 cents on cent accounts).
  • Trading modes: Manual, Semi-automatic, Automatic.
  • Account type: Hedge account with 5-digit quotes.
  • Execution: ECN/RAW spreads preferred for gold.
  • VPS: Highly recommended for continuous 24/5 performance.

Installation Steps

  1. Download the EA from MQL5.software.
  2. Open MT4 → File → Open Data Folder → MQL4 → Experts.
  3. Copy the Magic of Golds EA file into the folder.
  4. Restart MT4 or refresh Experts in the Navigator.
  5. Open XAUUSD H1 chart, drag the EA, enable “Allow live trading.”
  6. Choose mode: manual, semi-auto, or auto (fixed/dynamic lot).

Backtest & Performance Expectations

On H1 charts for XAUUSD, Magic of Golds EA V1.6 showed an equity curve with steady monthly growth around 10%, assuming standard risk. While performance was strongest during trending gold phases, semi-auto mode helped filter false signals during ranging markets.

  • Auto mode: Best for traders seeking a “hands-off” ~10% monthly target.
  • Semi-auto mode: Ideal if you want to filter bad conditions while letting the EA manage trades.
  • Manual mode: Adds flexibility to apply its management tools even on non-gold pairs.

Why Choose YoForex Tools?

YoForex is known for trader-first automation: free tools, ongoing updates, and responsive support. Magic of Golds EA V1.6 MT4 is a great example of this philosophy—three trading modes in one EA, optimized for gold but versatile enough for other pairs in manual setups.

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Support 

Need help setting up modes or VPS configs? Reach us anytime:

Call to Action

Want an EA that adapts to your trading style? Download Magic of Golds EA V1.6 MT4 free from MQL5.software, run it on XAUUSD H1, and choose the mode that matches your approach. For questions or tuning help, the YoForex support team is just a ping away.

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