Forex Gold Trading EA FREE Download Forex Gold Trading EA FREE Download
Gold Trading EA is an automated Forex Gold EA designed specifically for trading on the XAUUSD (Gold) currency pair only, so it is not recommended to use it elsewhere. Trading the gold market is more profitable than other currency pairs, but it is also riskier, so having the right tools to help you is an important part of the gold trading process.
It is a risk scalper that actively uses martingales and dynamic grids to allow you to exit withdrawals faster and reduce the number of trades. Since each cycle is independent, multiple cycles can be performed simultaneously. Therefore, you can define the maximum number of simultaneous loops.
What is a cycle? A cycle is a strategy with signals, entry and exit.
Each cycle is independent. It has multiple orders with its own signals, breakeven and take profit >= [MinProfit].
For small traders, multiple active periods can be defined based on their current balance.
But be careful. For a 0.01 initial lot size, one period SL is equivalent to 100$. If you start with $100, you could lose everything.
This best gold trading robot has been running on MQL5 live signals for more than two months and has a good profit/drawdown ratio. According to the developers, it does not require any parameter optimization as it is optimized for golden pairs out of the box. But you can change the input parameters and optimize according to your needs.
It is equipped with news filters to avoid uncontrolled slippage in the event of high impact news such as NFE/NFP or FOMC.
Please test in a demo account for at least a week first. Also, please familiarize yourself and understand how this gold trading robot works, and then only use it in a real account.
Gold trading EA recommended
- Minimum account balance of 1000$ or equivalent cent account.
- Work best on XAUUSD(gold), EURUSD .(work on any pair)
- The time frame has no actual impact on real-time trading, but in order to have better testing quality, the recommended time frame is M1.
- The developers do not recommend that novices play Gold Rush. Before going online, be sure to understand how MT4 and this EA work.
- News filter does not work with backtesting. This will lead to inaccurate backtesting results as the news filter will help the EA remove bad trades to limit drawdowns.
- It is recommended to run this Gold Trading EA 24/5 on VPS. (Reliable and Trustworthy Forex VPS – FXVM)
- Low Spread ECN accounts are also recommended ( find the best broker for you here )
Open Tools–>Options–>EA Trading . Check the option " Allow web requests to listed URLs " Add the following: "https://nfs.faireconomy.media/" and press "OK". Foreign Exchange Gold EA obtains news from designated websites.
Input Parameters
- initial Lot: Set the initial batch for a period.
- Maximum number of trades (periods) [0 = closed]: Limits the number of open trades. Set to 0 to disable this feature.
- Min Profit [0 = Off]: Profit, minimum break-even. Set to 0 to disable this feature.
- Distance: The distance to the next open order.
- Pip Steps: Distance to the next open order.
- Lot Exponent: The lot number of the next order is exponential.
- Magic Number: identification number.
- Comments: Product name Foreign Exchange Gold EA.
- Maximum spread [0 = off]: Set the maximum spread allowed to be opened for one period. Set to 0 to disable this feature.
- Rest Time (minutes) [0 = Off]: Rest time after the end of the cycle. Set to 0 to disable this feature.
Autolot Settings
- Use AutoLot: Use True, do not use False.
- Balance per initial lot [0 = off]: Defines the initial lot of the period in terms of balance. Set to 0 to disable this feature.
- Balance per period [0 = off]: Sets the maximum active period based on balance. Set to 0 to disable this feature. Set to 0 to disable this feature in the best gold trading robot.
- Maximum lot size [0 = off]: Defines the maximum initial lot size for a period. Set to 0 to disable this feature.
News filter settings
- News Filter: Use True, do not use False.
- Filter News by Currency: Just like what it means, "Filter News by Currency".
- Defined Currencies: Just like what it means, "defined currencies".
- Filter by volatility: Like it means "filter by volatility".
- Update Interval: It's time to update the news.
- (Hour) Stop trading around news release: You got it right.
- Server Time Offset: The time zone is set by your broker.
- Allow panel to be on the right side of the chart: Position displays news on the chart.
Times Settings
- Use Time: Use True, do not use False.
- Start Hour: The trading start time of gold trading EA.
- End Hour: Transaction end time.
- Monday Order => Sunday Order: The trading day of the week.
- Read More FTMO Free Download via EA
ForexCracked.comGold-Trading-EA.zip
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