MetaTrader 4 traders, if you’ve been hunting for a reliable gold scalper that won’t break the bank, meet HamzaFX EA V1.91 MT4. Crafted specifically for XAUUSD on the M15 chart, this expert advisor aims to deliver consistent small wins while keeping drawdown in check. With a minimum deposit requirement of just $200, it’s accessible for beginners and part-time traders alike. But what makes HamzaFX EA stand out? Let’s dive in.


Overview


HamzaFX EA V1.91 is built around a proprietary combination of trend filters and momentum oscillators. It scans the 15-minute timeframe for optimum entry points, looking to ride short-term gold swings. Unlike grid or martingale bots, it uses fixed lot sizing and intelligent risk management to preserve capital. You won’t see it doubling down on losing trades; instead, it waits for high-probability setups and exits quickly once targets are hit or momentum fades.


HamzaFX EA V1.91 MT4


Key Features



  • Designed for XAUUSD on M15 only—laser-focused strategy

  • Fixed lot sizing—no dangerous martingale methods

  • 1–2% daily target—steady growth, trade by trade

  • Max drawdown <5% over a 6-month backtest

  • Dynamic stop-loss & take-profit based on ATR

  • News filter—no trades during high-impact releases

  • Time filter—trading hours adjustable, Fridays off recommended

  • Breakeven & trailing stop options for extra safety

  • User-friendly inputs—ideal for MT4 newbies


Strategy Logic


At its core, HamzaFX EA uses a dual-filter approach: a short-period moving average crossover confirms trend direction, while an RSI-based oscillator ensures momentum alignment. Once both filters agree, the EA places a market order with a stop-loss and take-profit derived from current volatility (ATR). If price hits the target, the trade closes for a neat profit; if it hits stop-loss, the loss is capped. There’s also an optional breakeven function: once the trade moves in your favor by a few pips, the stop-loss shifts to entry to guarantee a no-loss scenario.


Backtest & Live Performance


YoForex’s team ran HamzaFX EA V1.91 through a six-month backtest on XAUUSD M15, from October 1, 2024, to March 31, 2025. Over 4,200 trades, the EA delivered a net gain of 18.7%, with a profit factor of 1.62 and maximum drawdown of 4.3%. The equity curve showed smooth, gradual growth—no massive swings. In a live demo account monitored since April 2025, it’s achieved +5.1% net profit across 210 trades, proving that real-world conditions align closely with backtest results.


HamzaFX EA V1.91 MT4


Installation & Setup



  1. Download HamzaFX_EA_V1.91.ex4 from our ForexFactory.cc post.

  2. Copy the .ex4 file into your MT4’s /Experts folder.

  3. Restart MT4 or refresh the Navigator to see HamzaFX EA.

  4. Attach it to an XAUUSD M15 chart.

  5. Import the recommended settings (provided in the download’s .set file).

  6. Enable AutoTrading.


That’s it. You can tweak the trade hours, lot size, and risk parameters to suit your style—just keep your minimum deposit at $200 to ensure the EA can handle drawdowns.


Why Choose HamzaFX EA?


HamzaFX EA V1.91 MT4 is not another “black-box” promise. It’s transparent, with settings you can adjust and backtest yourself. No guessing games—just clear logic, sound risk rules, and a focus on small, steady gains. And since it only trades during calmer market hours (no crazy overnight swaps), you get peace of mind alongside profit potential.


Conclusion


If you’re sick of overpriced bots demanding thousands in capital, HamzaFX EA V1.91 MT4 is your free (well, affordable) ticket to disciplined XAUUSD scalping on M15. With a low $200 starting deposit, robust filters, and proven performance, it’s engineered for traders who value consistency over hype.


Ready to join the growing community of HamzaFX users? Download your copy now and take gold trading to the next level!


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