TeslaFx GOLDEN WINGS EA V1.0 MT4

Introduction

Gold (XAUUSD) has always held a special place in forex and commodity trading due to its volatility, liquidity, and tendency to form strong trends. However, gold’s unpredictable price spikes also make it risky for manual traders. This is where the TeslaFx GOLDEN WINGS EA V1.0 MT4 steps in—a fully automated gold Expert Advisor (EA) built to take advantage of gold’s unique market behavior.

Whether you’re an experienced trader or a beginner looking to automate your XAUUSD trades, TeslaFx GOLDEN WINGS EA offers a hands-free, optimized strategy with built-in risk control. This blog will explore the EA’s features, trading strategy, setup guide, performance metrics, and more.

Quick Summary

• Platform: MetaTrader 4 (MT4)
• Trading Pair: XAUUSD (Gold)
• Recommended Timeframe: M15
• Minimum Deposit: $200
• Strategy Style: Momentum Breakout + Smart Scalping
• Risk Level: Moderate
• Ideal For: Day traders, gold scalpers, prop firm candidates

What is TeslaFx GOLDEN WINGS EA V1.0 MT4?

TeslaFx GOLDEN WINGS EA is an automated trading robot exclusively developed to trade gold (XAUUSD) on the MT4 platform. The EA uses a hybrid strategy combining breakout trading, smart scalping, and volatility filtering to detect precise entry points. Unlike risky martingale systems, GOLDEN WINGS EA uses fixed risk-per-trade logic, ensuring capital safety.

The EA is named “Golden Wings” to reflect its agility, speed, and ability to ride short-term gold movements like wings on a gust of volatility.

Key Features

Gold-Only Optimization

Unlike generic EAs that work across many pairs with mediocre performance, GOLDEN WINGS is laser-focused on XAUUSD. Every parameter, filter, and strategy is tested with gold’s behavior in mind.

Breakout Detection Engine

The EA identifies consolidation zones and monitors when price breaks out with strong volume. It enters only when price momentum aligns with its internal criteria, avoiding fake-outs.

Scalping Mode with Filters

During high volatility sessions, it switches to scalping mode, aiming to grab small, quick profits using tight spreads and trailing stops.

News & Volatility Filter

The EA has a built-in filter to avoid trading during:

• Major economic news (like FOMC, NFP)
• Extremely high volatility spikes

Risk Management Controls

• Fixed lot or auto lot sizing based on equity
• Dynamic stop loss and take profit settings
• Optional trailing stop and breakeven mode
• Maximum drawdown control

 24/5 Operation

Runs on a VPS or desktop with MT4 open and auto-trading enabled. Trades during London and New York overlap for best results.

Trading Strategy Explained

Entry Strategy:

• Detects horizontal consolidation over X bars
• Confirms breakout with strong volume and directional candle
• RSI and momentum indicators confirm overbought/oversold status

Exit Strategy:

• Uses a mix of fixed TP (20–50 pips) and trailing stop when price is in profit
• Can close trades early during volatility spikes or unexpected reversals
• Avoids overtrading during sideways sessions

Timeframe Recommendation:

• M15 (15-Minute Chart) is recommended for best performance
  This timeframe balances trade frequency and signal accuracy on gold.

Backtest Results (Jan 2022 – Jun 2025)

Installation & Setup Guide

1. Download the TeslaFx GOLDEN WINGS EA .ex4 file.

2. Open MT4 and go to File > Open Data Folder.

3. Navigate to MQL4 > Experts and paste the EA file.

4. Restart MT4 and open an XAUUSD M15 chart.

5. Drag the EA onto the chart and enable:

   • AutoTrading

   • DLL Imports (if needed)

6. Configure:

   • Lot size (or risk %)

   • SL/TP

   • Max open trades

7. Let it run on a VPS for 24/5 stability.

Why Traders Prefer TeslaFx GOLDEN WINGS EA

XAUUSD Only: No distractions—built solely for gold.
Backtested and Live-Proven: Consistent profitability across market cycles.
No Martingale or Grid: Safe, independent trade logic.
Compatible with Prop Firms: Risk-compliant logic for challenges.
Smart Exit Strategy: Uses volatility-based trailing stops to lock in profits.
Easy Setup: Beginner-friendly configuration.

Best Trading Conditions

To get the most out of TeslaFx GOLDEN WINGS EA, ensure:

• Broker Type: ECN or Raw Spread
• Spread on Gold: Less than 20 points (ideally <10)
• Execution Speed: <100 ms
• Leverage: 1:100 to 1:500 (depending on your risk appetite)
• VPS: Use a reliable VPS for uninterrupted 24/5 execution

Prop Firm Compatibility

Because the EA avoids martingale/grid, maintains a tight drawdown range, and follows a steady risk model, it’s safe for FTMO, MyForexFunds, and similar challenges—just tweak risk per trade accordingly.

Tips for Maximum Performance

• Always demo test before going live
• Avoid over-optimizing parameters; use defaults or slightly adjusted settings
• Run on only one pair (XAUUSD) per terminal to reduce load
• Regularly check your broker’s spread & slippage
• Withdraw profits monthly to lock in gains

Who Should Use This EA?

• Beginners looking for automated gold strategies
• Busy professionals wanting passive trading income
• Advanced traders interested in diversifying with smart bots
• Prop firm traders requiring consistent, low-drawdown performance

Final Thoughts

The TeslaFx GOLDEN WINGS EA V1.0 MT4 is a robust and focused trading solution for gold traders. With no martingale, strict risk management, and a winning strategy designed around XAUUSD’s unique behavior, it provides a balance of profitability and safety.

For anyone serious about trading gold—whether part-time or full-time—this EA offers a powerful automation tool that can help you fly above the noise and volatility of the markets, just like its name suggests.

Join our Telegram for the latest updates and support

Download Now

Happy Trading