Precision Gold Trader EA V1.7 MT4 – M5 Gold Scalping Simplified


Tired of chasing tiny moves on your XAUUSD M5 chart and missing out on scalps? You’re not alone…Gold on the 5-minute timeframe can be choppy, noisy, and downright frustrating if you’re trading manually. That’s why YoForex built Precision Gold Trader EA V1.7 MT4, a free Expert Advisor that takes over the grunt work. No martingale, no secret grids—just a clean, pattern-based approach to locking in consistent micro-profits. Whether you’re just getting started with EAs or you’ve run dozens, this EA’s simple setup and transparent performance prove it’s worth a spot on your MT4. Ready to see how it works? Let’s dive in.


Overview


Precision Gold Trader EA V1.7 MT4 is optimized exclusively for XAUUSD on the M5 timeframe. It scans each 5-minute bar for a confluence of trend signals, volatility spikes, and support/resistance levels. Once all filters align, it fires off a market order with a preset stop loss and take profit, then trails your position dynamically as momentum builds.


The dev team at YoForex back-tested this EA on 10 years of tick data, overlaid news filters, and ran it live on demo for an extra 3 months. The goal? A reliable scalpper that targets 0.5–1.2% gains per trade while capping drawdowns under 4%. You get full control of every input—stop loss, take profit, lot sizing, and filter sensitivity—right in MT4’s Navigator panel.


Want to explore more tools? Check out the Newest EAs or swing by the Indicator section on ForexFactory.cc. And don’t skip the User Reviews to see what fellow traders are saying before you download.



Key Features


• 0.5–1.2% average profit per trade
• Maximum drawdown capped at 4%
• Multi-layer trend and volatility filters
• No martingale, no grid—pure fixed or auto-lot sizing
• Dynamic trailing stop based on ATR
• News filter to avoid high-impact events
• Email & push notifications for every trade
• Lightweight code—ideal for 24/7 VPS use
• Full input customization in MT4 Navigator
• Lifetime free updates from YoForex


Backtest Proof & Live Performance


In a 10-year backtest (Jan 2012–Dec 2021) on real tick data, Precision Gold Trader EA V1.7 MT4 achieved a 78% win rate and a profit factor of 1.9. Drawdowns stayed below 4%, even during turbulent gold rallies.


During a 3-month live demo run, the EA executed over 1,500 trades, averaging 0.9% net gain per trade. On high-volatility days (Fed announcements, geopolitical spikes), the built-in news filter paused new entries automatically—protecting your balance when you’d rather be out of the market. The live results stacked up almost identically to the backtest, so you know there’s no curve-fitting trickery…just real performance.


Installation & Setup


Getting Precision Gold Trader EA V1.7 up and running takes less than five minutes:



  1. Download the EA from ForexFactory.cc: Download Precision Gold Trader EA V1.7 MT4

  2. In MT4, go to File → Open Data Folder → MQL4 → Experts, then paste the .ex4 file.

  3. Restart MetaTrader 4 or click Refresh in the Navigator panel.

  4. Attach Precision Gold Trader EA V1.7 to an XAUUSD M5 chart.

  5. Load the recommended preset (PrecisionGold_Default.set) or tweak inputs—SL, TP, lot size, filters—to match your risk profile.

  6. Enable AutoTrading and watch the EA scalp gold with pinpoint precision!



Why YoForex Tools?


YoForex is all about transparency and reliability. Every EA they power is:



  • Fully open-source—no hidden code

  • Rigorously back-tested on real tick data

  • Live-verified in demo before release

  • 100% free with lifetime updates

  • Backed by a community of traders sharing presets & tips


If you value clear performance reports and no-nonsense tools, YoForex is your go-to. They build, test, and support—all without charging a dime.


Support 


Need help or got questions? Reach out anytime:



Call to Action


Ready to automate your XAUUSD M5 scalping? Download Precision Gold Trader EA V1.7 MT4 on ForexFactory.cc now—free, back-tested, live-verified, and backed by YoForex’s lifetime updates. Attach it to MT4, hit AutoTrading, and let the EA do the heavy lifting while you sit back and watch the pips roll in.


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