Emerald EA MT4 – Automated US30 & Gold Trading on M5

Emerald EA is an M5 scalping system for MetaTrader 4, trading US30 and XAUUSD simultaneously from a single installation. Backtests over a 6.5-month window show a 1.61–1.62 profit factor across both instruments — but the modeling method used is crude, and that changes how you should read every number on this page.

Key Highlights

• ✅ Trades two uncorrelated instruments — US30 index and XAUUSD Gold — from one MT4 EA file
• ✅ Profit factor of 1.61 (US30) and 1.62 (Gold) across 114 and 87 trades in backtests
• ✅ M5 scalping strategy targeting short-term momentum on two of the most liquid instruments available
• ✅ Gold backtest showed only 10.68% max drawdown — substantially lower than the US30 result
• ✅ Backtests cover Jan–Jul 2024 — recent enough to reflect post-2023 volatility regimes on both instruments

Performance Results

The US30 backtest ran January to July 2024 on a $10,000 starting balance, producing $54,587 net profit and a profit factor of 1.61 across 114 trades. Win rate was 44–49% depending on direction — this EA wins less often than it loses, but wins larger. The average winning trade was roughly 9× the average losing trade in dollar terms.

The XAUUSD backtest covered the same period on a $1,000 starting balance, returning $354 net profit with a 1.62 profit factor across 87 trades. Max drawdown held at 10.68% — a meaningfully different risk profile from the US30 result, likely reflecting tighter lot sizing relative to account capital on Gold.

The US30 result carries a 33.85% max drawdown — driven by the EA’s asymmetric trade structure, where a sequence of losses compounds faster than small wins recover. A streak of 8 consecutive losses produced a -$6,821 drawdown event. Limit exposure by capping this EA at 20–30% of total trading capital, watching the consecutive-loss count in real time, and sizing lots conservatively on first deployment. Realistic outcomes range from modest growth to capital reduction exceeding 30% in adverse trending periods. The relative drawdown figure of 56.07% reflects equity dips during peak exposure — not terminal loss, but a number that demands attention before you commit real money.

⚠️ Both results use the “Control points” modeling method — MetaTrader’s own report flags this as a crude approximation unsuitable for final conclusions. Treat these figures as directional signals, not verified performance. Backtest modeling quality score is not a standard 90%+ tick-data result. Demo test minimum 90 days before risking any live capital.

How It Works

Strategy: M5 scalping on US30 and XAUUSD — exploits short-term momentum bursts on two high-liquidity instruments with distinct volatility profiles.

Entry: Triggers on M5 price action signals; long and short entries active on both instruments independently.

Exit: Asymmetric profit target versus stop — wins average roughly 9× losses on US30, confirming a wide-target / tight-stop structure.

Risk Control: Fixed lot sizing per instrument; no martingale behavior detected in trade data — consecutive losses cap naturally rather than compounding position size.

✅ Best conditions: Trending intraday sessions • Clear momentum on US30 or Gold • Stable spread environment (spread ≤10 points on US30)

⚠️ Caution: Choppy, range-bound sessions • News spikes on US indices or USD data • Spreads widening beyond backtest assumptions

Technical Specifications

This EA is MT4 only. Need a MetaTrader 5 system? Browse MT5 EAs.

Who Should Use This EA

✅ Ideal for:

• MT4 traders who want exposure to both indices and commodities from one automated system
• Traders comfortable with a 30–35% drawdown scenario on US30 in exchange for asymmetric upside
• Those willing to run a minimum 90-day demo period before committing live capital
• Accounts of $5,000+ where proper lot sizing keeps US30 drawdown within acceptable risk limits

✅ Best results when:

• Deployed during active US session hours when US30 and Gold liquidity is highest
• Broker spreads stay consistently at or below backtest assumptions (≤10 points on both instruments)

Download Package Included

• ✅ Experts: 
  • EMERALD v2.0_fix.ex4
• ✅Presets:
  • GOLD_M5_1K_HIGH RISK.set
  • GOLD_M5_1K_LOW RISK.set
  • US30_M5_1K_HIGH RISK.set
  • US30_M5_1K_LOW RISK.set
  • US30_M5_10K_HIGH RISK.set
  • US30_M5_10K_LOW RISK.set

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Frequently Asked Questions