🏆
FxMath Free XAUUSD Trading EA
Professional Automated Gold Trading
Strategy for MetaTrader
✨
Strategy ID: 68402 | FREE DOWNLOAD
📊 Strategy Overview
Introducing the FxMath Free XAUUSD Expert Advisor – a powerful automated trading solution
designed specifically for Gold (XAU/USD) trading. This sophisticated algorithm combines RSI(17) momentum
analysis
with price action patterns to identify high-probability trading opportunities in the gold market.
Pair
Type
Management
✨ Key Features
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📉
🎯
⚡
💰
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📋 Trading Signal Rules
The EA generates trading signals when ALL conditions within a rule set are satisfied
simultaneously. This multi-confirmation approach helps filter out false signals and improves trade quality.
📈 BUY Signal Conditions
- Rule 1: Open crosses above Low (Bullish candle
formation) - Rule 2: Low > Close (3 bars ago) (Price
strength) - Rule 3: RSI(17) < 67.977 (Not overbought)
📉 SELL Signal Conditions
- Rule 1: Open crosses below Low (Bearish candle
formation) - Rule 2: Low < Close (3 bars ago) (Price
weakness) - Rule 3: RSI(17) > 32.023 (Not oversold)
🛡️ Risk Management
The strategy employs ATR (Average True Range) based position management, allowing stop loss
and take profit levels to automatically adjust based on current market volatility.
⚙️ ATR-Based Position Management
Risk-Reward Ratio: With a 3.3:2.0 (approximately 1.65:1) take profit to stop loss ratio, the
strategy ensures profitable trades are larger than losing trades.
📈 Backtest Performance Results
📊 Detailed Trade Statistics
| Metric | Value | Analysis |
|---|---|---|
| Total Trades | 360 | Strong sample size for statistical significance |
| Winning Trades | 177 (49.2%) |
Near-perfect balance |
| Losing Trades | 183 (50.8%) | Compensated by favorable R:R ratio |
| Average Win | $36.43 | Winners are significantly larger |
| Average Loss | $23.12 | Losses are well controlled |
| Win/Loss Ratio | 1.58 | Solid reward-to-risk performance |
🧠 Strategy Interpretation
This EA follows a hybrid RSI and price action strategy that capitalizes on momentum and
candle patterns
in the gold market:
- Near-Perfect Balance: The 49.17% win rate combined with a 1.58 win/loss ratio ensures
consistent profitability. - RSI(17) Filter: Optimized RSI period specifically tuned for gold trading on H1
timeframe. - Volatility Adaptation: ATR-based stops and targets ensure the strategy adapts to
changing market conditions. - Multi-Confirmation Filter: Requiring all 3 conditions simultaneously reduces false
signals and
improves trade quality. - Outstanding Sharpe Ratio: A Sharpe ratio of 2.88 indicates exceptional risk-adjusted
returns. - Minimal Drawdown: The 2.58% maximum drawdown demonstrates excellent capital
preservation.
⬇️ Download Free EA Now
Get instant access to the FxMath Free XAUUSD Expert Advisor
Compatible with MetaTrader 4 &
MetaTrader 5 | No registration required
🔧 Installation Guide
- Download the ZIP file using the button above
- Extract the EA file (.ex4 or .ex5) from the archive
- Open MetaTrader and go to File → Open Data Folder
- Navigate to MQL4/Experts (or MQL5/Experts)
- Copy the EA file into the Experts folder
- Restart MetaTrader or refresh the Navigator panel
- Attach the EA to a XAUUSD H1 chart
- Enable Auto Trading and configure your lot size
⚠️ Risk Disclaimer: Trading foreign exchange and gold carries a high level
of risk and may not be suitable for all investors. Past performance is not indicative of future results. The
backtest results shown are historical and do not guarantee future performance. Always trade with capital you can
afford to lose and consider seeking advice from a licensed financial advisor.
📞 Connect With FxMath
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