Pocong Gold EA V1.07 MT4 Review: Is This the Ultimate Gold Scalper for 2025?

The search for the “Holy Grail” of Gold trading often leads traders down a rabbit hole of complex indicators and expensive bots. However, in the MT4 community, one name has been circulating with increasing frequency: Pocong Gold EA V1.07.

If you trade XAUUSD, you know that gold is a beast of its own. It’s volatile, prone to sudden spikes, and can wipe out an account in minutes if your risk management isn’t airtight. The Pocong Gold EA claims to tame this beast using a high-frequency scalping logic. But does it actually deliver consistent profits, or is it just another “account blower” in disguise?

In this comprehensive review for YoForex, we dive deep into the mechanics, settings, and real-world performance of the Pocong Gold EA V1.07 for MetaTrader 4.

What is Pocong Gold EA V1.07?

Pocong Gold EA V1.07 is an automated trading software (Expert Advisor) specifically coded for the MetaTrader 4 (MT4) platform. Unlike “all-in-one” bots that try to trade every currency pair from EURUSD to GBPJPY, Pocong Gold is a specialist. It is optimized strictly for XAUUSD (Gold).

The name “Pocong” refers to a jumping ghost in Southeast Asian folklore, which is a fitting metaphor for how this EA operates. It “jumps” into trades during specific market conditions, aiming to scalp small profits rapidly before the market shifts.

Key Specifications at a Glance:

Platform: MetaTrader 4 (MT4)
Asset: XAUUSD (Gold)
Timeframe: M1 (Preferred) or M5
Minimum Deposit: $500 (Standard) or $10 (Cent Account)
Strategy Type: High-Frequency Scalping / Trend Following
License: Often available as a “free” or “cracked” version, but official licenses offer support and updates.

How the Pocong Gold EA Strategy Works

To rank high in the gold trading niche, we need to understand the underlying logic. Most gold bots fail because they use static logic on a dynamic asset. Pocong Gold V1.07 attempts to solve this through a multi-layered entry system.

1. High-Frequency Scalping

The EA monitors the M1 timeframe for micro-trends. Gold frequently moves in short bursts of 10–30 pips. Pocong Gold is designed to identify these bursts using a combination of Relative Strength Index (RSI) and Moving Averages. When these indicators align, the EA opens a position with a tight Take Profit (TP).

2. The “Averaging” Mechanism

This is where traders need to be cautious. Pocong Gold V1.07 utilizes an averaging or grid-style logic. If a trade goes against the EA, it will open additional positions at specific intervals to bring the “break-even” point closer to the current price.

Important Note: While averaging can turn a losing trade into a winning one, it significantly increases Drawdown (DD). In a trending market without pullbacks, this can be dangerous.

3. News Filter and Time Management

Version 1.07 includes an improved news filter. Since Gold reacts violently to USD-related news (NFP, CPI, Fed Interest Rate decisions), the EA can be programmed to stop trading during high-impact events. This is a critical feature for surviving the volatile XAUUSD environment.

Core Features of Version 1.07

What makes V1.07 different from previous versions like V1.05 or V1.06? The developers focused on stability and drawdown control.

Optimized Money Management

The EA allows you to set a Max Drawdown Percentage. For example, if you set this to 30%, the EA will automatically close all trades if the floating loss reaches 30% of your account balance. This acts as a “circuit breaker” to prevent a total account wipeout.

Stealth Mode

Many brokers use “Stop Hunting” techniques. Pocong Gold V1.07 features a Stealth Mode where Stop Loss and Take Profit levels are hidden from the broker. The EA manages the exit internally, executing the close command only when the price hits your hidden target.

Trail Stop Functionality

To maximize profits during a strong gold rally, the EA includes a trailing stop. Once a trade is in profit, the SL moves up (for buys) or down (for sells) to lock in gains while giving the trade room to breathe.

Setting Up Pocong Gold EA V1.07: A Step-by-Step Guide

To get the most out of this EA on your MT4 terminal, follow these configuration steps:

Step 1: Choosing the Right Broker

Gold trading requires low spreads. If your broker has a spread of more than 20–25 pips on XAUUSD, a scalper like Pocong Gold will struggle to reach its TP.

Recommended: IC Markets, Pepperstone, or RoboForex (ECN/Raw Spread accounts).

Step 2: Installation

Open your MT4 Terminal.
Go to File > Open Data Folder.
Navigate to MQL4 > Experts and paste the Pocong Gold EA V1.07.ex4 file.
Restart MT4 or right-click “Experts” in the Navigator and select “Refresh.”

Step 3: Chart Setup

Open a XAUUSD chart and set the timeframe to M1. Drag the EA onto the chart. In the “Common” tab, ensure that “Allow Live Trading” and “Allow DLL Imports” are checked.

Best Settings for Pocong Gold EA (XAUUSD)

While every trader has a different risk appetite, these are the “Safe” settings often recommended for a $1,000 account:

Lot Size: 0.01 (Starting lot)
Multiplier: 1.5 (For the grid/averaging)
Distance: 50–100 pips (Distance between grid orders)
Take Profit: 30–50 pips
Stop Loss: 500 pips (or use the Max Drawdown % feature)
Max Trades: 10

Real-World Performance: The Pros and Cons

At YoForex, we believe in transparency. No EA is a “money printer.” Here is the reality of using Pocong Gold V1.07.

The Pros

High Win Rate: In sideways or ranging markets, the EA boasts a win rate often exceeding 80%.
Fast Gains: It is possible to see 5% to 15% monthly returns during “normal” market conditions.
User-Friendly: The interface is clean, and it doesn’t require a PhD in finance to set up.

The Cons

The “Black Swan” Risk: Gold can move 500 pips in a single direction without looking back. A grid EA like Pocong can get “stuck” in a heavy drawdown during these times.
Broker Sensitivity: High slippage or widening spreads during news can turn a winning trade into a loss.
Requires VPS: To function correctly, it must be online 24/5.

Risk Management: How to Survive Gold Volatility

If you decide to use Pocong Gold EA V1.07, follow these three golden rules to protect your capital:

Use a Cent Account: If you have less than $500, start with a Cent account. This allows the EA to “breathe” and handle larger drawdowns with a smaller effective lot size.
Withdraw Profits Regularly: The best strategy with high-risk EAs is the “Seed Capital Recovery” method. Withdraw your initial investment as soon as you have doubled your account. After that, you are playing with “house money.”
Monitor the News Calendar: Even with a news filter, it’s wise to manually disable the EA 2 hours before major events like the FOMC meeting.

Comparisons: Pocong Gold vs. Other Gold EAs

How does Pocong stack up against competitors like Gold Stuff EA or XAUUSD Pro?

Feature	Pocong Gold V1.07	Gold Stuff EA	XAUUSD Pro
Strategy	Scalping/Grid	Pure Trend	Arbitrage/Momentum
Complexity	Low	Medium	High
Risk	High	Medium	Medium
Best For	Daily Income	Long-term Growth	Prop Firms

While Pocong Gold is more aggressive than Gold Stuff, it tends to yield faster results in low-volatility Asian and London sessions.

Conclusion: Should You Use Pocong Gold EA V1.07?

The Pocong Gold EA V1.07 is a powerful tool for MT4 traders who understand the risks of gold scalping. It is not a “set and forget” system. It requires a stable VPS, a low-spread broker, and a trader who knows when to pull the plug during extreme market events.

Pocong Gold EA V1.07 MT4