In the world of forex and commodities trading, gold remains one of the most profitable yet unpredictable assets. The ability to trade it efficiently requires skill, timing, and strategy. With the arrival of Greedy Golden EA V1.90 MT4, traders now have a powerful Expert Advisor built exclusively to optimize gold trading on MetaTrader 4.


This Expert Advisor combines advanced algorithms, multi-strategy execution, and risk control features, making it an appealing choice for traders looking to automate their gold strategies. In this post, we will dive deep into the functionality, settings, performance potential, and benefits of Greedy Golden EA V1.90 MT4, offering you a detailed guide on how it works and why it can be a game-changer.


What is Greedy Golden EA V1.90 MT4?


Greedy Golden EA is an automated trading system for MT4, created to focus exclusively on XAUUSD (Gold). The V1.90 release is an improved version that incorporates stability, faster order execution, and optimized logic to adapt to sudden market changes.


Unlike many single-strategy robots, Greedy Golden EA employs:



  • Trend Detection: Identifies and rides larger gold market moves.

  • Short-Term Scalping: Executes smaller trades during consolidation phases to capture continuous profits.


This blend of strategies allows traders to benefit across different market environments, making it less dependent on one type of condition.



Key Features of Greedy Golden EA V1.90



  1. Specialized for Gold Trading
    The EA is specifically tailored to XAUUSD, leveraging gold’s volatility for maximum returns.

  2. Two-in-One Strategy
    Integrates both trend-following and scalping approaches for versatility.

  3. Customizable Risk Parameters
    Traders can adjust lot size, stop-loss, and risk settings to suit their preferences.

  4. Dynamic Trailing Stops
    Protects profits during volatile price swings.

  5. Adaptability
    Can automatically adjust to different gold market phases—whether it’s trending or ranging.

  6. Stable Updates
    Version 1.90 includes refined algorithms for improved consistency and reduced false signals.


Recommended Setup


To achieve optimal performance with Greedy Golden EA V1.90, here are the recommended settings:



  • Pair: XAUUSD (Gold)

  • Timeframes: M5, M15, M30 (M15 preferred for balance of signals and accuracy)

  • Leverage: Minimum 1:500 for flexibility

  • Minimum Deposit: $500 (higher deposits improve risk-to-reward stability)

  • Broker Type: Low spread ECN/STP broker with reliable execution

  • VPS Hosting: Strongly suggested for 24/7 trading without downtime



Performance Overview


Greedy Golden EA has attracted attention because of its advertised backtest and live performance:



  • Backtests reveal win rates between 74% and 89%, with varying drawdowns (14–26% under typical conditions).

  • Live reports suggest over 200% profit in less than five months on small accounts.

  • Some testing indicates accounts could grow by 600%+ over a year when managed conservatively.


While these results are compelling, traders must understand that performance is always dependent on broker conditions, execution, and market cycles.


Benefits of Using Greedy Golden EA V1.90



  1. Time-Saving Automation – Eliminates the need to monitor charts around the clock.

  2. Emotion-Free Decisions – Removes psychological stress from trading.

  3. Consistency – Operates on a tested logic rather than impulsive market guesses.

  4. High Potential ROI – Designed to make gold trading profitable with controlled risk.

  5. Beginner-Friendly – Easy setup ensures even new traders can get started quickly.


Risks to Keep in Mind


No EA is risk-free, and Greedy Golden EA V1.90 is no exception. Here are some factors to consider:



  • Market Volatility: Gold reacts heavily to news events, which may lead to large swings.

  • Broker Dependence: Performance varies across brokers, especially with high spreads.

  • Drawdowns: Even with risk filters, accounts can experience temporary losses of 20–30%.

  • Over-Optimization: Backtests might not always reflect live performance due to curve fitting.


For best results, traders should start on a demo account and gradually transition to live trading with proper risk controls.


How to Use Greedy Golden EA V1.90 MT4 Effectively



  1. Demo Test First: Run the EA on a demo account for at least 2–4 weeks.

  2. Risk Allocation: Limit risk per trade to 1–2% of account equity.

  3. Enable VPS Hosting: Ensures uninterrupted operation.

  4. Stay Aware of News Events: Consider disabling EA during major gold-related announcements.

  5. Scale Gradually: Begin with small capital and increase exposure as you build confidence.



Why Greedy Golden EA V1.90 is Different


Unlike generic EAs that attempt to trade multiple currency pairs, Greedy Golden EA is specialized for gold. Its targeted design allows it to fine-tune entry and exit strategies for XAUUSD specifically. Version 1.90 introduces greater stability and consistency, making it more reliable than its predecessors.


This focus on a single asset class, combined with an evolving update cycle, ensures that the EA can adapt to the ever-changing conditions of the gold market.


Conclusion


The Greedy Golden EA V1.90 MT4 offers traders an opportunity to automate their gold trading strategies with precision and consistency. Featuring a dual-strategy system, adaptive risk controls, and a user-friendly setup, it appeals to both new and experienced traders alike.


While it is not without risks, proper money management and disciplined use can help traders unlock its full potential. For those seeking to maximize returns on gold while minimizing manual effort, Greedy Golden EA V1.90 is a worthy addition to their trading arsenal.