Description
HamzaFX EA is a gold-focused expert advisor designed to deliver efficient, automated trading on MetaTrader 4. Optimized exclusively for the XAUUSD pair and the M15 chart, it provides traders with an intelligent trading system that adapts in real-time. Whether you’re a prop firm trader or just starting out, HamzaFX EA offers a powerful blend of simplicity, customization, and precision—without costing a dime.
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Key Features
✅ Gold-Only Strategy – Specially developed for trading XAUUSD, enhancing accuracy and consistency.
✅ Risk-Based Lot Sizing – Automatically adjusts lot size based on account balance, with a default risk of 1% per trade.
✅ Customizable Trailing Stops – Choose between pip-based or ATR-based trailing logic for greater flexibility.
✅ Supports Fixed Lot Mode – If preferred, you can switch to fixed lot sizing instead of dynamic calculation.
✅ News Filter Integration – Avoid high-impact economic news by enabling adjustable news filters.
✅ Simple On-Chart Interface – View live profits, open trades, and EA status directly from your chart.
✅ No License Needed – It’s completely free, with no activation or subscription required.
Specifications
✅ Platform: MetaTrader 4 (MT4)
✅ Symbol: XAUUSD only
✅ Timeframe: M15
✅ Minimum Deposit: $100 (recommended $500+)
✅ Recommended Leverage: Any
✅ Product Type: NoDLL / Fix
✅ Max Open Trades: 99
✅ Trailing Stop Types: Pip-based or ATR-based
✅ News Filter: Adjustable for high/medium/low impact events
How Does HamzaFX EA Works?
HamzaFX EA uses a machine learning-inspired strategy to adapt to changing Gold market conditions. Once activated, it analyzes price action and places trades when it identifies a favorable setup. The EA then manages open trades using your choice of trailing stop logic—either pip-based or based on the Average True Range (ATR)—and exits trades based on technical conditions or pre-set parameters.
Lot sizing can be controlled dynamically by assigning a risk percentage (default is 1%) or using a fixed lot, depending on your trading style. While news filters are off by default, enabling them can add another layer of risk management during volatile periods.
Advantages
✅ Prop Firm Friendly – Designed with conservative risk settings ideal for funded account rules.
✅ Adaptable Risk Management – Choose between dynamic and fixed lot sizes for better control.
✅ Flexible Exit Options – Includes customizable trailing stop and technical exit logic.
✅ Minimal Setup Required – Install, attach to chart, and let it run—perfect for beginners.
✅ Works with Most Brokers – No specific broker restrictions; runs well with Exness, HTFX, etc.
✅ Backtested Success – Over 81% win rate in historical testing, though live results may vary.
Performance
HamzaFX EA Myfxbook Live 1: Link
HamzaFX EA Myfxbook Live 2: Link
HamzaFX EA V1.91 MT4 DOWNLOAD | Backtest
Installation and Setup Guide
01: Download the EA – Obtain HamzaFX EA from a trusted source.
02: Open MT4 – Go to File > Open Data Folder.
03: Install Files – Place the EA in MQL4 > Experts.
04: Restart MT4 – Refresh the terminal to activate the EA.
05: Attach to M15 Chart – Open an XAUUSD M15 chart and apply the EA.
06: Adjust Inputs – Set risk percentage, enable news filter, and choose trailing logic as needed.
Conclusion
HamzaFX EA is a powerful yet simple solution for anyone looking to automate Gold trading. Its smart risk management, dynamic lot sizing, and customizable trailing stops offer both safety and flexibility. Best of all, it’s 100% free—making it a risk-free addition to your MT4 toolbox. Whether you’re a beginner or an experienced trader managing prop firm capital, HamzaFX EA provides a solid foundation for XAUUSD strategy automation.
FAQs
Q: Is HamzaFX EA really free?
Yes, it’s completely free with no licensing or activation required.
Q: Can I use it on other currency pairs?
No, it’s specifically optimized for Gold (XAUUSD) on the M15 timeframe.
Q: What’s the recommended risk setting?
The default is 1% per trade, suitable for most prop firm rules.
Q: Does it have a news filter?
Yes, filters for high, medium, and low-impact news events are available but disabled by default.
Q: Is it beginner-friendly?
Absolutely. It’s designed for easy setup with intuitive settings and minimal configuration.
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Shane Jason –
HamzaFX is well-regarded for its mentorship and trading community, offering valuable market insights and support for traders. However, the associated Expert Advisor (EA) has received mixed feedback, with reports of inconsistent performance and high drawdowns.