Padma Gold EA V7.0 MT4

Padma Gold EA V7.0 MT4 – Smart Gold Trading Robot For Serious XAUUSD Traders

Padma Gold EA V7.0 is a fully automated Expert Advisor built specifically for trading Gold (XAUUSD) on MetaTrader 4. Unlike generic multi-pair robots, this EA is engineered around the unique volatility, momentum and mean-reversion behaviour of gold, especially on the lower intraday timeframes.

Originally launched on the MQL5 Market by developer Endra Wahyu Satria, Padma Gold EA is currently at version 7.0 and is positioned as a professional-grade robot for larger and prop-firm style accounts.

In this blog, we’ll break down how Padma Gold EA works, its core features, recommended settings, and what type of trader it’s best suited for.

What Is Padma Gold EA V7.0 MT4?

Padma Gold EA is a gold-only automated trading system designed for:

Symbol: XAUUSD (Gold)
Timeframe: M5 (5-minute chart)
Platform: MetaTrader 4
Trading Mode: Fully automated, 24/5 operation

The EA combines advanced trade logic, dynamic risk control, and smart lot management to target steady equity growth while attempting to keep drawdown contained. It’s marketed specifically as suitable for:

Large capital accounts
Funded account challenges (FTMO/MyForexFunds style)
Traders who want systematic XAUUSD exposure with minimal manual intervention

Core Trading Logic & Philosophy

While the exact source code is closed, the public specification gives us a clear picture of how Padma Gold EA approaches the market:

Short-term gold volatility on M5
The EA focuses on the M5 timeframe, where gold shows frequent impulsive moves and pullbacks. This allows the robot to open multiple positions during active sessions and manage them dynamically.
Dynamic risk and position control
Padma Gold EA adjusts lot size and position scaling based on account size and market behaviour. Rather than a fixed-lot “fire and forget” system, it focuses on risk-weighted exposure.
Controlled lot multiplier (soft martingale)
The EA includes a lot multiplier system that can increase position size after adverse moves to accelerate recovery – but within a bounded, configurable framework. This is not a blind martingale; it’s designed to be “controlled” and combined with equity protection filters.
Built-in exit & protection logic
Take Profit, Trailing Stop and equity-based safeguards are embedded so the EA can reduce exposure, secure profits, or close trades when conditions turn unfavourable.

Key Features of Padma Gold EA V7.0

1. Fully Automated Trading

Once installed and configured, Padma Gold EA handles:

Trade entries
Stop loss & take profit placement
Trailing stop management
Position scaling (lot multiplier logic)

No manual intervention is required other than monitoring, updating settings if needed, and routine risk management.

2. Gold-Only Design (XAUUSD)

Instead of trying to trade dozens of pairs, Padma Gold EA is specialized for XAUUSD. This allows the strategy to be tuned for:

Gold’s higher volatility
Strong intraday trends
Sharp pullbacks and spikes

By focusing on a single symbol, the EA’s filters and parameters are calibrated specifically for the behaviour of gold prices.

3. Smart Money Management

Padma Gold EA offers both manual lot size and automatic risk-based lot sizing. According to the official description, recommended starting lots are around:

0.05 lot for a 100,000 USD account
0.01 lot for a 20,000 USD account

These values show that the developer prefers conservative exposure relative to account balance, especially when combined with the lot multiplier feature.

4. Lot Multiplier (Controlled Martingale)

One of the standout features is the Lot Multiplier system:

The EA can increase lot size on subsequent trades to recover previous losses faster.
This is paired with maximum trade limits and equity protection to avoid uncontrolled risk.
Used correctly and conservatively, it can smooth the equity curve and speed up recovery from drawdown phases.

However, like any martingale-style component, traders must respect:

Account size
Broker margin requirements
Personal risk tolerance

5. Dynamic Take Profit & Trailing Stop

Padma Gold EA uses:

Take Profit: around 400 points (depending on broker’s point system)
Trailing Stop: around 200 points to lock in profits as price moves in favour of the trade

This structure allows the EA to capture strong impulses in gold while still protecting open profit during volatility spikes.

6. Equity & Time-Based Protection

Risk control is not only on the trade level, but also on the account level:

Equity protection: Default drawdown protection is often set around 5% (and can be adjusted). If equity drops too quickly, the EA can stop trading or close exposure.
Maximum trade duration: Trades can be force-closed after a defined time window (for example, up to 72 hours), limiting overnight/weekend risk buildup.

This is especially important for prop-firm traders where violation of daily or overall drawdown rules can instantly fail a challenge.

7. Prop-Firm & Large Account Ready

Padma Gold EA is explicitly positioned as “funded-account ready” – ideal for $100k style challenges and bigger personal accounts, provided settings are configured realistically.

Some reasons it suits this use-case:

Focus on a single, highly liquid instrument (XAUUSD)
Built-in equity protection
Configurable lot sizing to respect max daily loss rules
Capacity to run 24/5 on a VPS for consistent evaluation performance

Recommended Environment & Settings

Based on the public specifications and typical best practices for gold EAs:

1. Platform & Pair

MT4 terminal running reliably on a dedicated VPS
Symbol: XAUUSD
Timeframe: M5 only

2. Account Type

ECN or Raw-spread account
Low spreads & fast execution for gold
Leverage commonly from 1:200 to 1:500 (depending on your jurisdiction and comfort level)

3. Minimum Capital (Practical)

The official guidelines suggest very small lot sizes relative to account size (0.05 on 100k). That implies:

For 20k – 100k+ USD accounts → use conservative risk and default parameters
For smaller accounts → lot size and multiplier must be scaled down drastically, or the EA should be used on demo first to ensure survivability.

4. VPS & Stability

Because gold can move violently during news, it is strongly recommended to:

Run the EA on a low-latency VPS near your broker’s server
Avoid restarting MT4 during key trading sessions
Backup your settings and keep the platform updated

Who Should Consider Padma Gold EA?

Padma Gold EA V7.0 MT4 is best suited for:

Prop-firm challenge traders
Those aiming to pass or maintain large funded accounts using an automated gold strategy with built-in capital protection.
Professional & semi-professional traders
Traders who already understand gold’s risk and want a structured, rules-based approach instead of manual discretionary entries.
Busy traders & part-timers
Anyone who cannot sit in front of the charts all day but still wants exposure to XAUUSD with systematic trade management.

It is less suitable for:

Traders who dislike any kind of lot multiplier or martingale logic
Very small accounts where even micro-lot swings in gold feel uncomfortable
Traders expecting guaranteed profits or “no-loss” performance (no EA can honestly offer that)

Pros and Cons of Padma Gold EA

Advantages

Specialized for gold (XAUUSD) on M5 – no “one size fits all” marketing.
Fully automated, with trade, risk, and trailing logic built in.
Configurable equity protection to help control bad days.
Prop-firm focused positioning, ideal for 20k–100k account sizes.
Uses a combination of dynamic TP and trailing stop to ride strong moves in gold.

Limitations

Lot multiplier (even when controlled) still adds non-linear risk.
Focuses only on one pair and one timeframe, so it’s not a diversification engine by itself.
Performance can vary significantly between brokers because of spread, execution and slippage on XAUUSD.
Past performance on sites like Myfxbook or vendor pages, while useful, does not guarantee future results.

How To Use Padma Gold EA In a Real Strategy

If you decide to use Padma Gold EA V7.0 MT4, consider this workflow:

Start on Demo
Run the EA on a demo account mirroring your intended live or prop-firm size. Let it trade through different conditions (news weeks, trends, ranges).
Fine-tune Risk Settings
Adjust:
- Initial lot size
- Maximum number of open trades (default is up to 30)
- Equity protection level (daily & total)
- Lot multiplier, if enabled
Use Strict Daily Loss Limits
On funded challenges, match the EA’s parameters to the prop firm’s rules. For example, if daily loss is capped at 5%, keep equity protection below that.
Combine With Diversified Strategies (Optional)
Padma Gold EA can be one pillar of a broader portfolio that includes indices, FX majors or alternative EAs. That helps reduce dependence on gold cycles alone.
Monitor, Don’t Micro-Manage
Let the algorithm do its job, but review weekly/monthly stats. If drawdown behaviour or trade frequency shifts significantly, reassess configuration.

Final Thoughts

Padma Gold EA V7.0 MT4 is not another generic grid EA that randomly attacks every symbol on your watchlist. It is a focused gold trading robot with:

A clear design target: XAUUSD on M5
Integrated money management and equity protection
A controlled lot multiplier engine to accelerate recovery
A structure tailored for serious, well-capitalized traders and prop-firm environments

Used with realistic expectations, conservative risk, and proper testing, Padma Gold EA can become a powerful tool in a structured gold-trading plan. Misused with oversized lots or reckless multiplier values, it can still lead to rapid drawdown—like any high-potential gold EA.

Always remember: no robot is a magic money machine. Treat Padma Gold EA as a professional tool, not a shortcut.

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