HamzaFX EA MT4 V1.91 with Setfiles

Introducing HamzaFX EA MT4

HamzaFX EA MT4 represents a specialized automated trading solution engineered exclusively for XAUUSD (Gold) market dynamics with proprietary algorithms and comprehensive risk management. The system demonstrates backtested win rates of 81%+ with profit factors consistently above 2.7, though all performance data relies on MetaTrader’s “Control points” modeling explicitly labeled as unreliable. This EA targets prop firm traders and automation-focused investors seeking dedicated Gold trading expertise.

Key Findings

• Overview: MT4-exclusive Expert Advisor specializing in XAUUSD trading with integrated dynamic lot sizing, dual trailing stop systems, news event filtering, and prop firm-compatible risk controls

• Trading Strategy: Proprietary black-box methodology with undisclosed core logic – marketed as “professional-grade trading logic” specifically optimized for Gold market characteristics but provides zero transparency into technical indicators, entry/exit criteria, or underlying algorithmic principles

• Key Benefits with Trade-offs:

• Auto-risk percentage system (1% default) – ensures consistent account exposure but may underutilize capital during high-probability setups
• Flexible trailing stop engine (pip/ATR-based) – dynamically protects profits but may exit positions prematurely during normal market fluctuations
• News impact filtering architecture – can avoid high-volatility events but ships with all filters disabled, requiring manual activation
• Position limit controls (99 trades maximum) – prevents account overexposure but may restrict profit potential during strong trending periods

• Performance Metrics with Cautions:

• Win rates: 80.45%-84.49% across test periods – exceptional consistency but derived from “Control points” modeling MetaTrader explicitly warns against
• Profit factors: 2.78-2.92 range – strong risk-reward efficiency but based on questionable backtest methodology
• Maximum drawdowns: 2.58%-3.12% – outstanding risk control in testing but real-world performance may vary dramatically
• Annual profit claims: $1,000 to $11.9M – mathematically possible but practically unrealistic, indicating potential over-optimization

• Primary Risks: Complete strategy opacity prevents independent verification, backtest reliability severely compromised by crude modeling method, extraordinary profit projections suggest curve-fitting, and essential risk features disabled by default requiring user configuration

Recommendations for using HamzaFX EA MT4

• Trading Platform: MetaTrader 4 exclusively – ensure broker provides reliable execution and competitive spreads for Gold trading

• Pairs: XAUUSD (Gold) only – single-instrument focus creates concentration risk requiring careful capital allocation and potential diversification through other trading strategies

• Supported Accounts: Compatible with most broker types – verify spread conditions match backtest parameters (5 pips used) and confirm no restrictions on automated trading

• Timeframe: Documentation recommends M15 but all backtests conducted on H1 – thorough demo testing across both timeframes essential before live deployment

• Trading Time: Continuous 24/7 automated operation – monitor performance during major economic announcements and market holidays despite available news filtering capabilities

• Leverage: Conservative approach strongly recommended (1:100-1:200) – higher leverage exponentially amplifies both potential profits and losses, particularly critical given EA’s aggressive profit targets and complete strategy opacity

• Minimum Deposit: $1,000-$10,000 based on backtest scenarios – significantly higher balance advisable for proper risk management and handling potential drawdowns exceeding backtested levels

Review of HamzaFX EA MT4

HamzaFX EA MT4 delivers specialized Gold trading automation with extensive risk management features, but the complete absence of strategy transparency and questionable backtest reliability create substantial uncertainty regarding real-world performance expectations and long-term viability.

Backtest Summary with Limitations:
• Win Rate Consistency: 81-84% across multiple scenarios – remarkable uniformity but entirely based on unreliable “Control points” methodology
• Risk-Reward Efficiency: 2.78-2.92 profit factors – strong statistical performance but derived from questionable modeling techniques
• Capital Preservation: 2.58-3.12% maximum drawdowns – exceptional risk control in testing but may not accurately reflect live market volatility
• Profit Scaling: $1,000 to $11.9M annual projections – mathematically derived but practically unrealistic, strongly suggesting over-optimization

Is HamzaFX EA MT4 the Right Choice For You?

• Gold Trading Specialization: Exclusively optimized for XAUUSD market dynamics and volatility characteristics – provides focused expertise but eliminates diversification benefits across other potentially profitable currency pairs and commodities

• Prop Firm Integration: Percentage-based risk management and low backtested drawdowns specifically designed for funded account requirements – ideal for prop firm traders but may limit aggressive position sizing for personal capital growth

• Automation Excellence: Fully hands-off operation requiring minimal daily intervention – perfect for busy professionals but complete strategy opacity means no understanding of market conditions where performance might deteriorate

• Risk Management Suite: Comprehensive protection through trailing stops, news filters, and dynamic position sizing – provides multiple safety layers but many features disabled by default, requiring user activation and ongoing optimization

• Performance Consistency: Uniform results across multiple backtest scenarios and timeframes – suggests thorough algorithm testing but all data from modeling method explicitly warned against by MetaTrader

Final Verdict

HamzaFX EA MT4 offers sophisticated Gold trading automation with comprehensive risk management tools, but the complete strategy opacity and unreliable backtest foundation make it suitable only for experienced traders comfortable with black-box systems and realistic profit expectations rather than extraordinary claims.

HamzaFX EA MT4 Download Contents:

• Link download experts:
  • HamzaFX EA MT4.ex4
• Presets:
  • Gold_Autolot_Risk1%.set