Thors EA Pro V1.0 MT4 – Free Gold Scalper EA

Introduction

If you’ve ever scoured the Market for a reliable, free Expert Advisor that can scalp gold with pinpoint accuracy, you know how frustrating it can be. Tired of overpriced robots that promise the moon but deliver mere dust? Thors EA Pro V1.0 MT4 is a completely free, fully back-tested gold scalper developed by YoForex, engineered to capture volatility bursts on XAUUSD with dynamic risk control. In this blog post we’ll dive deep into how Thors EA Pro V1.0 MT4 works, its standout features, and why it’s the go-to rig for gold-scalping aficionados. We’ll cover everything from strategy logic to real-world performance, then guide you through installation and optimization steps so you can start trading in minutes. No gimmicks, no hidden fees—just a rock-solid EA ready to plug into your MT4 platform.

Forget juggling multiple indicators or second-guessing entries; Thors EA Pro V1.0 MT4 simplifies gold scalping… Built for speed, accuracy, and simplicity, it automates every aspect of the trade lifecycle—entry, stop management, and exit—so you can focus on tweaking risk parameters instead of staring at charts 24/5. Whether you’re a weekend warrior looking to supplement your income or a seasoned pro diversifying your arsenal, this EA brings YoForex’s proven engineering to your desktop for free. Ready to see how it measures up? Let’s break it down.

Overview

Thors EA Pro V1.0 MT4 is an automated scalping system exclusively designed for the MetaTrader 4 platform, with a laser focus on the XAUUSD pair. Developed by the YoForex team, it leverages high-precision volatility detection and momentum filters to lock in consistent profits—aiming for 1–2% daily return targets while capping max drawdown at 5%. Unlike generic grid or martingale setups, Thors EA Pro uses adaptive ATR-based stop losses and dynamic trailing exits to safeguard your capital during sudden gold price reversals.

The EA reads every tick to identify hidden volatility build-ups, triggering strategic pending orders just beyond critical support and resistance levels on M5 and M15 charts. It monitors real-time ATR values to adjust stops and trailing exit points in sync with market turbulence, then closes positions when profit targets or trailing thresholds hit. All recommended settings come preconfigured, but you have full control to tweak risk percentages, ATR multipliers, magic numbers, and time filters to fit your trading style. In under a minute, you can attach Thors EA Pro V1.0 MT4 to your chart and let it run 24/5 with zero supervision—ideal for both hands-on scalpers and hands-off investors.

Strategy Logic

At its core, Thors EA Pro V1.0 MT4 uses a hybrid volatility-momentum approach. First, it measures Bollinger Band width expansions to detect surging volatility. Next, it filters signals through an RSI momentum oscillator, confirming that directional strength aligns with breakout potential. Pending stop orders are placed beyond these key thresholds, avoiding noisy whipsaws. When an order triggers, a dynamic stop loss—calculated as an ATR multiple—secures your position against erratic spikes.

Once your trade is in profit, a trailing stop based on ATR kicks in, locking in gains as momentum unfolds. To minimize slippage and spread costs, the EA includes time-based filtering, avoiding low-liquidity windows and automatically closing any open trades on Friday ahead of the weekend. This multi-tiered logic reduces false entries and maximizes upside by combining volatility spikes with trend confirmation—all in a lightweight MQL4 package optimized for ultra-fast execution.

Key Features

• 1–2% daily profit targets
• Max drawdown capped at 5% (no martingale)
• Adaptive ATR-based stop loss management
• Dynamic trailing exit with partial close option
• Volatility expansion detection via Bollinger Band width
• Momentum confirmation using RSI oscillator
• Strategic pending stop orders at S/R levels
• Time filters to skip low-liquidity periods
• Automatic Friday closure to avoid weekend risk
• Fully automated plug-and-play design
• Lightweight code for lightning-fast execution
• 100% free download on MQL5.software

Backtest Results & Proof

To validate Thors EA Pro V1.0 MT4, YoForex conducted an extensive backtest on XAUUSD tick data from January 2018 through December 2024 using a top-tier data feed. Over 2,000 trading days, the equity curve climbed steadily, delivering an average annual return of 45% with a maximum drawdown of just 5%. The Sharpe ratio hit 1.8, highlighting efficient risk-adjusted returns, while the profit factor topped 2.3—proof that the strategy thrives in both trending and ranging conditions. In total, the EA executed over 15,000 trades, demonstrating scalability across shifting volatility regimes.

For real-world confirmation, live forward tests since January 2025 on a $10,000 demo account have produced a 12% gain with under 3% drawdown in just four months. Witness these results for yourself in the backtest equity curve screenshot and accompanying risk vs. reward infographic. While past performance is no guarantee of future results, the consistency between simulated and live tests underscores the robust engineering behind this free EA.

How to Install & Configure

Download: Visit https://mql5.software/en/market/thors-ea-pro-v1-0-mt4 and click “Download.”

Copy Files: Unzip and place ThorsEAPro.ex4 into your MT4’s MQL4/Experts folder.

Restart MT4: Close and reopen MetaTrader 4 so the EA shows in the Navigator panel.

Attach to Chart: Drag “Thors EA Pro V1.0 MT4” onto an XAUUSD M5 or M15 chart.

Configure Settings:
- Risk Percent: 1–2% per trade (default 1.5%)
- ATR Multiplier: 2.0 (adjust for tighter or wider stops)
- Magic Number: 777 (avoid conflicts with other EAs)
- Start/End Hour: 8–18 GMT+2 (skip low-liquidity)

Enable AutoTrading: Click the “AutoTrading” button on the toolbar.

Once set, the EA will monitor ticks and execute trades automatically. For advanced tuning, explore the built-in parameters under the “Inputs” tab and refer to the user guide on MQL5.software for deeper insights.

Why Choose YoForex-Powered Tools?

YoForex has built its reputation on delivering free, high-quality trading software that combines institutional-grade engineering with user-friendly design. Every tool in our library—including Thors EA Pro V1.0 MT4—is rigorously back-tested, live-market verified, and optimized for both beginners and pros. We believe access to top-tier trading tech shouldn’t cost you a fortune, so we release all our EAs at zero subscription. Plus, our modular approach means frequent updates, new features, and customizable risk profiles—backed by a dedicated developer community on Telegram.

Support & Disclaimer

Hit a bug or need help? Ping us on WhatsApp at https://wa.me/+443300272265 or join our Telegram support group at https://t.me/yoforexrobot. We’re available 24/5 to answer questions, share optimized settings, and troubleshoot any issues.

Disclaimer: Past performance is not a guarantee of future results. Trading involves risk, and all strategies can lose money. Always test Thors EA Pro V1.0 MT4 on a demo account before going live. Never risk more than you can afford to lose.

Call to Action

Ready to harness the power of free, professional gold-scalping? Download Thors EA Pro V1.0 MT4 now on MQL5.software, attach it to your chart, and let the automation handle the heavy lifting. Don’t wait for another volatility spike to slip away—get your copy, tweak your risk settings, and watch the precision logic in action. Since it’s completely free, there’s zero downside in giving it a spin. Scalping gold just got effortless!