HamzaFX EA MT4 V1.91+ Setfiles

HamzaFX EA Introduction

HamzaFX EA is a specialized MetaTrader 4 Expert Advisor exclusively designed for automated XAUUSD (Gold) trading with advanced risk management capabilities. This focused strategy EA combines professional-grade trading logic with customizable risk parameters to deliver consistent trading performance while maintaining strict drawdown control. Based on backtest data, the EA demonstrates an impressive 81% win rate and substantial profit potential, though these results come with important testing methodology limitations that must be considered.

Key Highlights

• Gold-Specialized Trading: Exclusively optimized for XAUUSD (Gold) trading, providing focused expertise on a single high-potential market
• Conservative Risk Management: Features percentage-based lot sizing (default 1% risk per trade) with dynamic adjustment according to account equity
• Flexible Exit Strategy: Customizable trailing stop system with both pip-based and ATR-based options to adapt to different market conditions
• Prop Firm Ready: Conservative default settings align with funded account requirements and drawdown restrictions
• News Filter Integration: Optional filters for high, medium, and low-impact news events to avoid trading during volatile market periods
• Easy Configuration: Intuitive setup process with pre-optimized settings (GoldAutolotRisk1%.set) for immediate deployment
• Performance Metrics: Backtest data shows 81.63% win rate across 1,883 trades with a 3.31 profit factor, though using a crude testing model that requires cautious interpretation

HamzaFX EA Recommended

• Trading Platform: MetaTrader 4 (MT4)
• Pairs: XAUUSD (Gold) exclusively
• Timeframes: M15 (recommended), H1 (used in backtests)
• Minimum Deposit: $100 (though $500-$2000 recommended for adequate risk management)
• Recommended Brokers: Exness, HTFX
• VPS Recommendation: MyfxVPS.com for optimal 24/5 operation

Installation and Usage Tips

• Symbols: Set to “XAUUSD” (Gold exclusively)
• Magic Number: 149200 (uniquely identifies EA trades)
• Lot Management Calculation: Set to 1 for risk-based lot sizing (recommended)
• Percent Risk: Default 1% (adjusts lot size according to account equity for consistent risk management)
• Fixed Lot Size: 0.1 (used only if risk-based sizing is disabled)
• Maximum Trades: Default 99 (maximum number of simultaneous open positions)
• News Filters: Disabled by default but recommended to enable (set to “true”) to avoid trading during volatile news events
• Trailing Stop Settings:
• Use Trail: Disabled by default (set to “true” to activate)
• Trail Type: 0 for pip-based (can also use ATR-based option)
• Trailing Start: 10 pips (profit threshold to activate trailing)
• Trail Distance: 10 pips (distance from current price)
• ATR Settings: Period 14-20, Timeframe 1440 (Daily), Multiplier 1.75

HamzaFX EA Review

HamzaFX EA offers precise Gold trading with strong risk management features ideal for prop firm traders seeking hands-off performance. While backtest results show impressive 81% win rates and substantial profits, the crude testing methodology requires cautious interpretation. The EA’s conservative approach balances growth potential with drawdown protection, but thorough personal testing is essential before live deployment.

Backtest highlights across multiple reports show:

• 81-83% win rate consistently across short and long positions
• Profit factors between 3.31-3.35
• Maximum drawdowns kept between 2.58-3.12%

Why Choose HamzaFX EA

• Gold-Specialized Strategy: Unlike general-purpose EAs, HamzaFX concentrates exclusively on Gold trading, leveraging specific price action patterns and market behaviors unique to XAUUSD
• Prop Firm Compatibility: Default conservative risk settings (1% per trade) aligned with funded account requirements for passing challenges and maintaining accounts
• Intuitive Risk Management: Automatically adjusts position sizing based on account equity, maintaining consistent risk exposure regardless of account growth
• Customizable Exit Logic: Adapts to changing market conditions through flexible trailing stop options (pip-based or ATR-based)
• Hands-Free Operation: Requires minimal monitoring after initial setup, ideal for busy traders seeking automated Gold exposure

Conclusion

HamzaFX EA offers specialized Gold trading with strong risk management features and impressive backtest statistics, though testing limitations warrant caution. Best suited for traders seeking automated XAUUSD exposure and prop firm participants needing conservative drawdown control. Personal validation through thorough testing is strongly recommended before committing significant capital.

Ready to Use HamzaFX EA?

• Telegram Support: https://t.me/+TT_oy2yBiQZjZjE1
• Email Contact: [email protected]