An MT4 robot for XAUUSD that combines a news filter with grid averaging. Designed to run 24/7 and recommended for M5 or M15.

Promax Gold EA is a fully automated Expert Advisor for MetaTrader 4. It centers on two main features: a news filter that pauses new entries around scheduled economic releases and a grid recovery routine that averages losing positions toward breakeven.

Run the EA continuously on a low-spread ECN gold account with a reliable VPS. AutoFXRebate provides a free download of the package with a PDF install guide and Telegram support for setup.

Grid risk. The EA uses grid averaging to recover losing trades. Keep grid sizes and lot growth capped, run long demo tests, and use an external equity stop you will respect. Do not use martingale-style growth on small accounts.

Specifications

Tool type: Fully automated Expert Advisor with grid recovery
Platform: MetaTrader 4
Market: XAUUSD (gold) primary; can run on other pairs but built for gold
Timeframes: M5 and M15 recommended
Strategy: Technical entries plus news filter; grid averaging for recovery
Minimum capital: 1000 USD on a standard account
Requirements: Online 24/7, a low-spread ECN gold account and a stable VPS recommended
Original list price: Around 388 USD
At AutoFXRebate: Free download, includes PDF install guide and Telegram support

How the EA trades

Entry logic relies on technical signals for XAUUSD. The EA pauses new entries when the news filter flags a scheduled event.

If a trade moves against the EA it does not use a fixed basket stop. Instead it opens additional positions at worse prices and tries to close the group nearer breakeven.

That recovery method creates many small paper wins while concentrating risk during prolonged one-way moves. Treat the grid as a drawdown accumulator and size accounts accordingly.

The news filter

The bundled news indicator reads an economic calendar and prevents new entries around scheduled high-impact events.

This reduces the chance of opening into an immediate spike but it does not shield an already-open grid if volatility arrives after positions are placed.

Make sure the news feed works with the broker and account you test before relying on the filter.

What to weigh before you run it

A 1,000 USD minimum on a standard account and continuous uptime are recommended. If your account is smaller, cap grid steps and lot growth and set a hard external equity stop.

Run extensive forward tests on the exact broker and account type you plan to use live. Market microstructure for XAUUSD differs between brokers and can change how the grid behaves.

Features

Automated MT4 Expert Advisor focused on XAUUSD
News filter that pauses new entries around scheduled releases
Grid recovery routine that averages losing positions toward breakeven
Designed for M5/M15 timeframes and continuous operation
Automatic lot sizing and hands-off money management options
Includes PDF install guide and set files in the download
Recommended to run on ECN-like accounts with low spread and VPS

Performance

This EA concentrates risk in the grid rather than using fixed stop losses. Run it on demo for several weeks, log the largest drawdown and how long losing grids persist, and use those figures to size live positions and to set hard limits on grid steps and lot escalation.

Pros

Single-market focus keeps setup and monitoring simpler
News filter reduces the chance of entering directly into scheduled spikes
Automated management suits traders who prefer hands-off position scaling
Free at AutoFXRebate with a PDF install guide and Telegram help

Cons

Grid recovery can accumulate very large drawdowns if the market trends
A high minimum deposit is recommended, so small accounts are exposed
News filter reduces new entries but does not protect open grids
Requires continuous uptime (VPS) and a low-spread ECN gold account for best behaviour

Setup

Download the ZIP from AutoFXRebate and unzip the folder named Promax EA V4.11 to your desktop.
Copy the Expert file into MQL4/Experts and the bundled urdala_news_investing.com indicator into MQL4/Indicators.
Restart MT4 so the EA and indicator appear, then place the provided set file (XAUUSD M5 Safe Mode V4.11 .set) on an XAUUSD M5 chart.
Enable AutoTrading, attach the EA to the chart and confirm the news indicator is receiving calendar updates.
Run the EA on a demo account for several weeks and record peak drawdown and how long grids remain open before recovery.
If you move to live, choose a low-spread ECN account, use a reliable VPS for 24/7 uptime, cap grid steps and lot growth, and set an external equity stop you will respect.

Verdict

Promax Gold EA is for traders who understand grid-style money management and can fund an account sized to withstand large drawdowns. The news filter and automation reduce some timing work, but the main risk comes from averaging into losing trades.

Start on demo with the included set file and the news indicator enabled. Measure the worst-case drawdown and how long grids remain open. Consider live use only when demo results match your risk tolerance. Download the package free from AutoFXRebate and contact Telegram support for installation help.

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.

Promax Gold EA

Specifications

How the EA trades

The news filter

What to weigh before you run it

Features

Performance

Pros

Cons

Setup

Verdict

Risk disclaimer

Get Promax Gold EA free

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