Introduction: Tired of Guesswork in Scalping Gold?


Let’s be honest—gold scalping on MT4 can be a bit of a nightmare if you don’t know what you’re doing. Fast markets, slippage, missed opportunities… it all adds up. That’s where Midas Gold EA V1.6 MT4 steps in to take the load off your shoulders.


This little gem is built for one thing: scalping gold (XAUUSD) on the fastest timeframes (M1 to M5). Whether you're a newbie who’s still figuring out what pip spread even means or a seasoned trader tired of second-guessing every move—Midas Gold might just become your go-to trading partner.


Fully automated. No martingale, no grid, no drama. Just pure scalping efficiency.


Overview: What Is Midas Gold EA?


Midas Gold EA V1.6 is a forex scalping expert advisor built for MT4, optimized for the high-volatility XAUUSD pair. It uses smart entry and exit logic to take advantage of short-term price movement—without exposing your account to dangerous trading styles like martingale or grid systems.


It’s programmed to execute daily trades, Monday through Friday, with hard-coded risk control features like stop loss and take profit on every single trade. That’s rare in free forex EAs.


Even better? You don’t need to babysit this EA all day long. Once configured properly on your MT4 terminal, it’ll manage everything—from trade entry to position closure.


Midas Gold EA V1.6 MT4


Key Features of Midas Gold EA


Here’s what makes this bot stand out in the crowd of so-called "premium" EAs:



  • Optimized for XAUUSD (Gold) – Designed to crush gold scalping on M1–M5 charts

  • No Grid Trading – Keeps your margin safe by avoiding aggressive grid tactics

  • No Martingale – No doubling down on losses; capital preservation comes first

  • No Risky Money Management – Trades are lot-adjusted for controlled exposure

  • Daily Auto-Trades – Set it and forget it, trades open Monday through Friday

  • Fixed Stop Loss & Take Profit – Protects against sudden price reversals

  • Fully Automated – You literally don’t need to touch a thing

  • Beginner Friendly – Simple setup and pre-configured parameters

  • Low Deposit Requirement – Start with as little as $50

  • MT4-Compatible – Plug-and-play installation for MetaTrader 4 users


Backtest Results & Real Market Behavior


Backtesting Midas Gold EA on the M1 time frame for XAUUSD across 12+ months shows consistent performance with conservative drawdown levels (under 8%).


Equity Curve Snapshot:



  • Total Trades: 500+

  • Win Rate: ~72%

  • Max Drawdown: <8%

  • Profit Factor: 1.9+

  • Lot Size: Auto-adjustable based on deposit

  • Time Period: January 2023 – December 2023

  • Backtest Platform: MT4 (Dukascopy tick data, 99.9% modeling quality)


You’ll also notice the robot performs best during high-volume trading sessions (London & New York), and the strategy is robust enough to handle modest spreads and slippage.


How to Install & Configure Midas Gold EA (Step-by-Step)


Ready to deploy it on your account? Here’s a step-by-step breakdown:



  1. Download the EA from FxCracked.org

  2. Unzip the file and locate the .ex4 file

  3. Open MT4 → Click File > Open Data Folder

  4. Navigate to MQL4 > Experts, and paste the EA file there

  5. Restart MT4

  6. Attach the EA to a XAUUSD chart (M1 or M5)

  7. Enable AutoTrading and check DLL Imports

  8. Use default settings or tweak lot size according to your risk tolerance


And that’s it. You’re live.


Pro Tip: Always run it in demo mode for 2–3 days just to get a feel for how it behaves in real-time markets.


Midas Gold EA V1.6 MT4


Why Choose Midas Gold EA Over Other Free Bots?


There are tons of “free” scalping EAs floating around, but very few with actual backtested performance, a clean logic path, and NO shady trading styles.


Midas Gold EA:



  • Respects your capital

  • Doesn’t chase losses

  • Avoids overtrading

  • Gets updated regularly

  • Has built-in safety layers


It’s a YoForex-certified tool, and that means reliability, transparency, and support you can count on.


 Learn more about YoForex on our About page.


Support & Disclaimer


Hit a snag or something not working right?


Support Available on WhatsApp: Chat Now
Telegram Community Group: Join Here


We’re here to help with install issues, optimization, or general trading queries.


Call to Action: Start Scalping Like a Pro (for Free!)


Why pay for overpriced gold EAs when you can download one that actually works—for free?


👉 Download Midas Gold EA Now
No signup. No spam. Just pure MT4 performance.


Still unsure? Join the Telegram group and see real user feedback for yourself.


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