Gold Rider EA MT4 vs SetFiles (Original version)

What is Gold Rider EA?

is is an automated Expert Advisor (EA) built to handle the fast moves of the GOLD (XAUUSD) market. Using advanced AI with LSTM and Deep Q-Learning, it delivers steady, reliable profits—without Martingale risk.

Version: New Version
The Right Platform: Meta Trader 4 (MT4)
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Key Features

• Smart AI Strategy – Powered by LSTM and Deep Q-Learning, this non-Martingale system delivers steady, reliable results.

• Strong Profits – Aims for consistent 20%+ monthly returns with proven live performance.

• Capital Protection – Uses precise Take Profit, Stop Loss, and Trailing Stop to safeguard funds while boosting gains.

• Hands-Free Trading – Fully automated GOLD trading with zero emotions, 24/7 execution.

• Built for GOLD – Optimized to thrive in the fast, volatile XAUUSD market.

Gold Rider EA Review

1. Gold Rider EA MyFxBook Results:

Gold Rider EA offers a solid mix of profit and risk control, making it a top choice for gold traders. With verified MyFxBook returns of around 33% per month and smart capital management, it’s ideal for both independent traders and those exploring trading with a broker.

✅ Total Gain: +58.49%
💵 Initial Deposit: $1,000
💵 Net Profit: $584.86
✅ Monthly Growth: 32.96%
⚠️ Maximum Drawdown: 13.50%

2. Gold Rider EA Backtest Results:

Gold Rider EA is an automated trading system built for XAUUSD (Gold) on the M15 timeframe. This backtest covers January 1, 2022, to May 9, 2025, using every-tick modeling for the most accurate historical results.

✅ Initial Deposit: $1,000
✅ Total Net Profit: $165,968.57
⚠️ Maximum Drawdown: 18.48%

Gold Rider EA Setting

1. General Settings

• Magic – 786
  Unique ID for the EA to manage its trades without interference from other EAs.

• Comments – Gold Rider EA
  Trade comment for easy identification in your trading history.

• Lots Method – Fixed Lot
  Uses a fixed lot size for each trade.

• Fixed Lots – 0.1
  The starting lot size for all trades.

• Risk (%) – 1.0
  Risk per trade if using a percentage-based lot calculation (not active here).

• Max Lot Cap – 3.0
  The maximum lot size the EA can open.

• Max Spread – 50
  Maximum allowed spread (in points) for opening trades.

• Take Profit – 500.0
  Sets the target profit in points.

• Stop Loss – 200.0
  Sets the maximum loss per trade in points.

2. Trade Management Settings

• Use Trailing – false
  Trailing Stop is disabled.

• Trailing Start – 10.0
  If enabled, trailing starts when the trade is in profit by 10 points.

• Trailing Stop – 5.0
  Distance from the current price for the trailing stop.

• Trailing Step – 1.0
  Step size to move the stop loss when in profit.

• Use Breakeven – false
  Breakeven is disabled.

• Breakeven Pips – 10.0
  Moves Stop Loss to breakeven after reaching 10 points profit (if enabled).

• BE Buffer – 2.0
  Extra points added to the breakeven stop for safety.

• Close On Opposite – true
  Closes trades when an opposite signal is generated.

• Drawdown % – 3.0
  Maximum allowed drawdown before EA stops trading.

• Trading Hours:

  • Start Hour: 0 (Midnight)

  • Stop Hour: 24 (Trades all day)

3. Signal Settings

• Trend Signals – true
  Uses trend-based entry signals.

• Momentum Signals – true
  Uses momentum-based entry signals.

• Re-Entry Signals – true
  Allows re-entry trades when conditions match after an exit.

4. Filter Settings

• Trend Filter – true
  Filters trades to follow the market trend.

• Period – 50
  Period used for trend calculation.

• Volatility Filter – true
  Prevents trading during low volatility periods.

• Lookback Bars – 3
  Number of bars used for filtering and confirmation.

5. Recommended Usage

• Use on XAUUSD with M15 timeframe.

• Best suited for low-spread ECN accounts.

• Keep VPS running 24/7 for uninterrupted trading.

• Periodically monitor performance and adjust Fixed Lot and Risk according to account growth.

In the Downloads folder, there are:

✅ Experts: Gold Rider EA V1.0.ex4
✅ Presets: Gold_M15.set
✅ Installation Guide: Video Settings

>>> Reviewed by Micheal Elliot

Conclusion

Gold Rider EA is a fully automated gold trading robot built for the fast-moving XAUUSD market. Powered by advanced AI (LSTM and Deep Q-Learning), it uses a non-Martingale strategy to deliver steady, long-term gains. With MyFxBook-verified results showing nearly 33% monthly profit and a drawdown under 14%, it offers strong returns with solid risk control.