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Midas Bot MT4

Midas Bot - Gold Trading Expert Advisor

Midas Bot is a dedicated Expert Advisor designed specifically for XAUUSD (Gold) trading. This EA implements an intraday strategy focused on precision and risk management.

Key Features

  • Specialized: Exclusively trades Gold (XAUUSD)
  • Implementation: Utilizes built-in MT4 indicators with carefully calibrated entry parameters
  • Time Frame: Intraday trading approach
  • Setup: Streamlined configuration process with clear documentation
  • Risk Management: Comprehensive position sizing and risk control features
  • Compatibility: Suitable for both proprietary trading firms and retail accounts
  • Capital Requirements: Optimized for various account sizes

Technical Specifications

  • Platform: MetaTrader 4
  • Trading Instrument: XAUUSD (Gold)
  • Trading Style: Intraday
  • Minimum Account Size: $500

Parameter Configuration

  1. Risk Profile: Select between 'Low', 'Medium' and 'High' risk. 
    • Low risk: lower returns with higher win rate and least drawdown
    • Medium risk: average returns with high win rate and less drawdown
    • High risk: highest returns with lowest win rate and high drawdown
  2. Risk Type Per Trade: Select between 'Percentage of Balance', 'Cash Amount', 'Fixed Lot Size'
  3. Risk Value: Enter value based on above selection. For example; 1.00 - 'Percentage of Balance', 50 - 'Cash Amount', 0.20 - 'Fixed Lot Size'
  4. Alert On Trade: Send terminal alert when trade is placed?
  5. Notification On Trade: Send mobile notification when trade is placed?
  6. Max Spread: Only take trades when spread less than 'Max Spread'. 
    • Value of 0: Ignore spread value
  7. Daily Drawdown Type: Select between 'Percentage of Daily Starting Balance' and 'Cash Amount'
    • Percentage of Daily Starting Balance: Use a percentage of starting balance for the day as drawdown or profit limit
    • Cash Amount: Use a specific cash amount as drawdown or profit limit
  8. Max Daily Profit: Close all running trades when net daily profit exceeds above input. Value 0: do not check this condition
  9. Max Daily Loss: Close all running trades when net daily loss exceeds above input. Value 0: do not check this condition
  10. Activate Breakeven: Move stop loss to breakeven. This is only for 'High Risk' profile


Recommended Settings

  • Test different risk profiles and select most suitable.
  • Use suitable broker spread for 'Max Spread' input
  • Find attached personal .set file.


For optimal results, please ensure your broker offers competitive Gold trading conditions.












































































































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Version 1.10 2025.04.01
minor bug fixes and performance improvements