ForexCracked Gold Strike EA is an automated expert advisor for MetaTrader 4 that scalps gold (XAUUSD) breakouts on the M5 timeframe. It captures fast price expansions from structural zones using pending orders, then rides momentum with a tick-by-tick trailing stop, entering and exiting trades within seconds. No grid, no martingale, no averaging. Every trade carries a real broker side stop loss.
This article covers the EA’s breakout scalper strategy, an analysis of both backtest and Myfxbook live performance, the specific broker conditions required for it to function, and a direct download link.
Core Strategy and Logic of Breakout Scalper
Gold Strike EA operates on a pure breakout framework. The EA identifies structural price zones on the M5 chart and places pending orders (buy stops and sell stops) at calculated distances from those levels. When price breaks through with momentum, the pending order fills and the trailing mechanism immediately takes over.
- No Grid or Martingale – Every trade is independent. The backtest confirms sequential order IDs with fixed lot sizing, no position stacking, no averaging down, no recovery multipliers. This is one of the cleaner gold EAs we’ve reviewed, similar in philosophy to the Gold Rain MT4 EA which also avoids these high-risk mechanics.
- Pending Order Entry – The EA uses buy stop and sell stop orders placed 70-100 points from structural levels. This confirms breakout momentum before entry, filtering out false breakouts that don’t carry enough force to trigger the pending. Orders are automatically deleted and replaced if breakout conditions change
- Aggressive Trailing Stop – This is the EA’s signature mechanic. Once a trade fills, the stop loss begins trailing tick-by-tick in $0.05 increments (5 points). The backtest log shows 30-100+ modify operations firing within the same second. The trailing starts at 70 points of profit and locks in gains aggressively as price moves.
- Real Broker-Side Stop Loss – The initial stop loss is 150 points ($1.50 on gold). This is tight, intentionally so, to minimize exposure during false breakouts. The stop is a real broker-side SL, not a virtual one
- Session Filtering – The EA operates across three sessions: Asia (02:00-08:00 UTC), London (08:00-16:00 UTC), and New York (13:00-21:00 UTC). All sessions are enabled by default with configurable hours.
- Bidirectional Trading – Both long and short trades are taken. The Myfxbook data shows a near-balanced split: 1,906 longs (68% won) vs 1,588 shorts (70% won).
Recommendations
- Minimum account balance of $100.
- Works exclusively on XAUUSD (Gold).
- Recommended timeframe – M5.
- ECN/RAW spread broker is mandatory – the EA has a MaxSpread of 20 points (~$0.20). Standard accounts with wider gold spreads will see the EA sitting idle. This is non-negotiable.
