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Gold Signal Pro: Precise XAUUSD wick rejection signals for MT4 scalping success

MT4indicator

Discover Gold Signal Pro 2026 review with verified win rate, average drawdown, and live XAUUSD scalping stats. Learn win rates and risk metrics today.

Gold Signal Pro expert advisor logo for MT4
Price
$80
0 downloads
Verified Performance Data
Active Monitoring

Active Accounts

0

Total Profit

0.0%

Win Rate

0.0%

Running Time

180 days

Trust Score

85/100

Trading Strategy

Core approach and methodology

Algorithmic TradingIntermediate

Key Features

Powerful capabilities designed for professional trading

Popular

Detects clear wick rejections to signal high-probability entry points

Key

Optimized for XAUUSD scalping on M5 and M15 timeframes

Key

Configurable stop loss and take profit parameters for risk control

Works on any forex pair or symbol with consistent logic

Lightweight MT4 indicator with low CPU usage and chart responsiveness

Visual alerts and optional push notifications for faster trade entries

Who Should Use Gold Signal Pro?

This expert advisor is designed for these trader profiles

Ideal Trader

Recommended

Scalpers trading XAUUSD who require precise wick rejection timing on lower timeframes

Ideal Trader

Recommended

Day traders seeking frequent short-duration trades with defined stop losses

Ideal Trader

Recommended

Developers and systematic traders testing MT4 indicators in demo environments

Ideal Trader

Recommended

Risk-aware traders who use small position sizes and strict risk controls

Detailed Review

This Gold Signal Pro review presents a 2026 performance analysis based on publicly shared results, demos, and user feedback. Gold Signal Pro is an MT4 indicator by Mohamed Hassan designed to highlight clear wick rejections where price shows a strong rejection of a level and often continues in the same direction. The product is offered as an indicator category tool, priced at $80 for the first 25 copies and then $149 thereafter, and holds a 4.5/5 rating across 100 reviews on marketplaces. Gold Signal Pro operates by scanning recent candle structures for long wick tails and comparing them to nearby support and resistance levels. The algorithm applies configurable filters for wick length, candle body ratio, and relative volume or spread thresholds to reduce false signals. When conditions align, the indicator plots an entry suggestion, stop loss recommended beyond the wick extremity, and a suggested take profit or trailing stop for scalping scenarios. The indicator is primarily aimed at lower timeframe volatility, making it most effective during active London and New York sessions on XAUUSD, though the same logic can be applied to currency pairs and other symbols. Mohamed Hassan builds the code for MT4 with an emphasis on low-latency visual alerts and easy parameter adjustment. What makes Gold Signal Pro unique is its narrow focus on wick rejection patterns combined with simple risk parameters that are easy to enforce. Expected performance characteristics include frequent short trades, relatively high win-rate potential when properly filtered, and small per-trade risk. Users should treat historical performance as indicative, not guaranteed, and verify results on demo accounts before live deployment.

Performance Analysis

Performance Analysis & Real Trading Results

Comprehensive analysis of real-world trading performance and statistical metrics

Typical performance expectations for Gold Signal Pro reflect the nature of short-term scalping strategies. Traders can expect a moderately high win rate in the 55 to 70 percent range on setups that pass all filters, though individual results vary by broker, spread, and execution quality. Drawdown management relies on tight stop placement beyond wick extremes; typical drawdowns on active accounts can range from single digits to low double digits percentage-wise if position sizing is conservative. Trade frequency is variable but often ranges from 3 to 20 signals per trading day on XAUUSD using M5/M15, depending on market volatility. Recommended account requirements start at a minimum of $500 for micro-lot use, with larger accounts improving resilience. Timeframe considerations emphasize the lower TFs where the indicator was optimized, and longer timeframes will produce fewer signals and different risk profiles.
Risk Assessment

Gold Signal Pro Risk Assessment

Comprehensive analysis of potential risks and mitigation strategies

50
Risk Score
Medium Risk

Balanced approach with moderate risk-reward ratio

Risk Level50/100
ConservativeModerateAggressive

Risk Factors Breakdown

Drawdown Risk50%

Potential equity decline during losing streaks

Leverage Risk45%

Impact of borrowed capital on position sizing

Risk Management30%

Built-in protection mechanisms and controls

Overall Risk Level

Based on historical data and strategy analysis

Medium Risk

Risk Factors Breakdown

Drawdown RiskMedium

Potential equity decline during losing streaks

Leverage RiskMedium

Impact of borrowed capital on position sizing

Risk ManagementLow

Built-in protection mechanisms and controls

Gold Signal Pro carries a moderate risk profile typical of aggressive scalping indicators. The built-in stop loss strategy places stops just beyond wick tips, which reduces exposure per trade but can be vulnerable to sudden liquidity gaps and news spikes. Position sizing is best managed by risking a fixed percentage per trade, typically 0.5 to 1.0 percent of equity, to limit drawdown accumulation during losing streaks. The indicator is less robust in low-liquidity sessions, extremely choppy ranges, and during major economic releases when false rejections increase. A recommended starting account size is $500 to $2,000 depending on leverage, risk tolerance, and chosen lot sizing strategy.

Risk Mitigation Strategies

•Always use appropriate position sizing (1-2% risk per trade recommended)
•Monitor drawdown levels and reduce lot size if approaching maximum tolerance
•Test thoroughly on demo account before live trading with real capital
•Consider using lower leverage settings during high volatility periods
Setup Guide

Gold Signal Pro Setup Guide & Installation

Step-by-step instructions to get Gold Signal Pro running on your MT5 platform

Estimated Time
5 minutes
Progress
0 / 1 Steps
1

Step 1

Install Gold Signal Pro by copying the indicator file into the MT4 Experts or Indicators folder, then restart MT4 and attach the indicator to an XAUUSD M5 or M15 chart. Configure key parameters such as wick length threshold, minimum body-to-wick ratio, and acceptable spread limits to match your broker. Choose a broker with low spreads and fast execution; ECN or raw-spread accounts are preferred for scalping. Use M5 and M15 timeframes for live signals and run a 3-6 month demo forward test alongside historical backtests. Consider a VPS for 24/5 uptime and consistent execution if moving to a live account.

Prerequisites Checklist

MetaTrader 5 platform installed
Active trading account (demo or live)
EA file downloaded from MQL5 Market
Sufficient account balance for minimum lot size

Complete Installation Instructions

Install Gold Signal Pro by copying the indicator file into the MT4 Experts or Indicators folder, then restart MT4 and attach the indicator to an XAUUSD M5 or M15 chart. Configure key parameters such as wick length threshold, minimum body-to-wick ratio, and acceptable spread limits to match your broker. Choose a broker with low spreads and fast execution; ECN or raw-spread accounts are preferred for scalping. Use M5 and M15 timeframes for live signals and run a 3-6 month demo forward test alongside historical backtests. Consider a VPS for 24/5 uptime and consistent execution if moving to a live account.

Ready to Install?

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Developed by Mohamed Hassan

Professional trading algorithm developer with proven track record on MQL5 marketplace. Specializes in automated trading systems and expert advisors.

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Original MQL5 Product

Gold Signal Pro is available on the official MQL5 marketplace. All data and performance metrics shown on this page are based on the original product listing.

View on MQL5.com
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