Product Overview

“Honest Gold EA” is a gold-only trend-following EA that trades in the long direction.

A multi-filter design that combines classical technical analyses to target only moments with a strong directional move.

Does not use grid trading, martingale, or averaging up.

From January 2018 to May 2026, in a high-precision backtest (history quality 98%), the maximum drawdown was4.84%. Yet initial 100,000 yen grew to about 2,890,000 yen.

It is designed not as an “instant big gain” EA, but as one that is as robust as possible and usable for a long time.

Compatible with MT4 / MT5. Can start with a recommended margin of 100,000 yen.

Conclusion First・Specification Table

First, look at the numbers.

Why 4.84% Drawdown is Good

In the gold EA world, 20–45% maximum drawdown is standard. Gold’s high volatility sometimes makes it look “excellent.”

Looking at major gold EAs sold on Gogojan, the average max drawdown is roughly25%–30%, and recommended margin ranges500k–4M yen or more.

Honest Gold EA, with a max drawdown of4.84% and a recommended margin offrom 100,000 yen can be operated.

Compared to industry average, rough estimates show:

• Max drawdown is about1/5–1/6 of the industry average
• Recommended margin is about1/5–1/40 of the industry average

Specifically, what’s different

Continuing to view a chart with 25,000 yen unrealized loss vs only 5,500 yen unrealized loss changes the ease of continuing operations from the ground up.

Many people have experienced this.

Honest Gold EA prioritized “robustness” before aiming for big wins.

The resulting figures are8 years, max drawdown 4.84%. Moreover, PF 3.69, about 29x, and 5,520 trades, achieving both sufficient trading volume and profit performance.

Strategy Concept

Honest Gold EA does not use complex AI or mysterious proprietary indicators. It combines classical technical analyses that have long been used.

However, detailed logic like specific indicator names, parameter values, and filter conditions are kept private to protect competitive advantage.

The opinion that “I can’t buy something I don’t understand” is reasonable. So, instead of revealing the exact logic, we will share the design philosophy and operational features.

Design Philosophy: “Only ride strong trends, steadily”

The basic policy is simple.

• Enter only when the market has a clear direction
• Do not participate in range or sideways markets
• Once in, ride the trend
• When the flow ends, quietly lock in profits

To win in gold, what’s needed is not flashy methods but the patience to identify and participate only when strong trends appear.

Multi-filter design

Entries require meeting multiple conditions. If even one condition fails, we skip it even if it looks like a great opportunity.

That “courage to skip” leads to the drawdown of 4.84%.

Over 8 years and 5,520 trades. About 1.9 trades per day on average. Not too many, not too few. We don’t trade flamboyantly. Enter only when all conditions align.

Trend-following, not mean reversion

Not contrarian. Not designed to pray that losses will recover.

Ride with the market flow and exit when the flow changes. This simple trend-following model increases profits in trending markets and reduces trades in range markets.

No Averaging Down or Martingale

It operates with one position. It does not try to recover losses by doubling. See next section for details.

When a strong trend doesn’t appear, there are no trades

This EA only enters when a large trend in gold occurs.

There can be weeks to months without trades.

“Staying still does not mean broken.”

If you expect flashy daily trades, this is not for you.

This EA is for those who want to target only strong trends, steadily.

Backtest Details

Test Conditions

Backtest Key Figures

What happened in these 8 years

The backtest period includes numerous historical events that shook the gold market.

• 2020: market shock due to COVID-19
• 2022: geopolitical risk increased due to Ukraine
• 2023–2024: inflation in many countries and gold hitting all-time highs
• 2026: Iran attack by US/Israel, closure of Hormuz, oil prices surged, Middle East situation changed rapidly

These numbers are not cherry-picked from calm markets.

This is not Averaging Down or Martingale

Honest Gold EA is a single-position system. No averaging down. No martingale.

A mean-reversion or martingale EA tends to increase lot sizes as losses accumulate to create a superficially high win rate, but structurally carries risk of wiping out on a market shock.

Many have witnessed the demise after a long winning streak followed by a sudden loss.

Honest Gold EA’s win rate is 52.81%. Quite ordinary. Yet with average winning trade of 1,313 yen and average losing trade of -398 yen,one win covers three losses.

This is the honest number behind a risk-reward of about 3.30x.

If you have previously grown tired of EAs that pray for reversals of unrealized losses, you will appreciate this difference.

Note: No Pyramidting Either

While trends continue, it may re-enter after closing a position. However, this is“open one position, close it, then open one more anew”—an independent sequence of trades.

• A averaging up technique (averaging down)
• A doubling technique on losses (martingale)
• Adding lots to a position with profits (pyramiding)

These are not used at all.

Recommended Operating Environment

In the industry, recommended margins for gold EAs typically range from 500k to over 4M yen. Honest Gold EA can start from 100k.

Based on a maximum drawdown of 4.84%, 100k is set as a comfortable starting balance.

Only 4 User Settings

There are basically four items to touch in Honest Gold EA.

1. Base lot size（Default: 0.1）
2. Compound mode ON / OFF
3. Compound balance threshold（Default: 100,000 yen）
4. Maximum lot cap（Default: 10.0）

All other important parameters are internally fixed.

Thresholds for entry decisions, filter conditions, trailing stop distance, and other strategy core values are fixed as determined by eight years of backtesting.

Honest Gold EA prioritizes “design to prevent user errors.”

Risk Disclosure

Backtests are validations based on past data. They do not guarantee future profits.

Market conditions change. In particular, the gold market is heavily influenced by

• Interest rate policy
• Geopolitical risk
• Global economy
• Liquidity

Thus, future performance may vary.

Also, the recommended margin of 100k yen is a guideline based on backtest conditions. Future drawdowns may exceed this. If safety is a priority, we recommend more generous capital management.

In compound mode, lots increase automatically. While profits grow, drawdown losses also increase proportionally.

With that understanding, we designed to be as robust as possible.