Gold Rain MT4 Gold EA
An MT4 expert advisor focused on XAUUSD breakout scalps with fixed SL/TP, night filter and no martingale or grid.
Gold Rain MT4 Gold EA is an automated expert advisor for MetaTrader 4 that targets short-term breakouts around support and resistance levels with a focus on XAUUSD. Each trade opens with a fixed stop loss and take profit; the EA does not use martingale, grid or averaging.
AutoFXRebate offers it as a free download, with installation instructions and Telegram support if you get stuck.
Run on demo first and enable the night filter. Gold scalpers are sensitive to spread and execution; test the EA on the exact broker and account type you plan to use live.
Specifications
- Tool type
- Fully automated Expert Advisor for breakout scalps
- Platform
- MetaTrader 4
- Strategy
- Trades breaks of built-in support and resistance levels
- Recommended pairs
- XAUUSD primarily; can run on EURUSD and GER30
- Timeframes
- M30 or H1 recommended; runs on other timeframes
- Risk management
- Hard stop loss and take profit on every trade; no martingale, no grid, no averaging
- Trading hours
- 24/5 with an option to skip high-spread night sessions
- Original list price
- $60
- At AutoFXRebate
- Free download, PDF install guide and Telegram support
How Gold Rain trades
The EA monitors support and resistance levels drawn by an internal indicator and opens trades when price breaks those levels. Each position gets a fixed stop loss and take profit right away so the risk per trade is predictable.
Because the method is short-term breakout scalping, execution quality and spread affect results. Wider spreads and poor fills reduce effectiveness.
Risk model and controls
Gold Rain avoids risk-escalating techniques: no martingale, no grid and no averaging into losing positions. That makes the risk per trade clearer but it does not remove market or execution risk.
There is an option to skip night trading when spreads widen; enable it for brokers that show large overnight spreads.
Who should consider this EA
This EA fits traders who want a simple, single-instrument breakout robot for demo testing and who understand that scalpers need a low-spread ECN-style account and a reliable VPS.
It is not aimed at people who need an actively supported commercial system. Treat the package as a tool to study and forward test on demo before any live use.
Features
- Breakout entries using a built-in support and resistance indicator
- Fixed stop loss and take profit on every trade
- No martingale, no grid and no averaging
- Option to avoid high-spread night sessions
- Designed mainly for XAUUSD; can run on EURUSD and GER30
- Delivered as an MT4 Expert with PDF install guide
Performance
Results are not independently verified; test on a demo account first. Run it on demo for several weeks on the broker and account type you plan to use, and log trade frequency, the worst observed drawdown and how often night filters prevented trades before risking real capital.
Pros
- Clear risk approach: every trade uses SL and TP and there is no martingale or grid
- Simple single-chart setup, easy to forward test on demo
- Tuned for gold (XAUUSD) which gives a focused starting point
- Free from AutoFXRebate with PDF install instructions and Telegram support
Cons
- Scalping breakouts are sensitive to spread and execution quality
- Past results do not guarantee future performance; test on a demo account first
- Appears to be an early version with few visible updates
- Best results likely require a low-spread ECN account and VPS
Setup
- Unzip the package and copy the Expert (Gold Rain EA) into MQL4/Experts
- Copy the included PDFs into a convenient folder and open 'How to install MT4 files.pdf' for step-by-step instructions
- Restart MetaTrader 4 so the EA appears in the Navigator
- Attach the EA to an XAUUSD chart on M30 or H1, keep default inputs while you learn, and enable AutoTrading
- Enable the night filter option in inputs if your broker shows wide overnight spreads
- Run the EA on a demo account for at least two weeks and record trade frequency, spread conditions and worst drawdown before considering live use
- If you go live, choose a low-spread account and consider opening it through AutoFXRebate to receive backcom on every lot
Verdict
Gold Rain is a focused MT4 breakout scalper built around a fixed SL/TP risk model and explicitly without martingale or grid. That makes its approach straightforward to understand and forward test, but scalping on XAUUSD remains sensitive to spread and execution.
Follow the setup above: demo first with the night filter enabled, review drawdowns and fills, and only move to a live, low-spread account when the demo behaviour fits your risk tolerance. Download it free from AutoFXRebate and message our Telegram if you need help with installation.
Risk disclaimer
Forex and CFD trading involves significant risk and may not be suitable for all investors. Indicators, EAs and trading tools do not guarantee profits. Always apply proper risk management. AutoFXRebate did not build these tools and does not endorse any result they claim; test on demo before risking money.
Get Gold Rain MT4 Gold EA free
The file lives in our Telegram channel, together with the setup guide. Nothing to fill in.
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