The Dark Gold Scalper EA is designed specifically for the Gold (XAUUSD) market with the latest and exclusive automated trading algorithms. Expert applies money-flow monitoring techniques to identify trading signals, incorporating modifying pending Stop orders to verify the best signals to execute. This increases the probability and executes better entry prices.
EA's scalping strategy usually closes positions quickly to exit the market by trailing positions. All trading orders have Stop Loss to protect the account and reduce risk.
EA's settings interface is simple and easy to use, suitable for everyone. If you are inexperienced, you just need to set the default. You can start with an account with a small balance from 300 USD.
The default setting is suitable for XAUUSD with 2 decimal places (ex 1923.12)
Settings:
Max Spread = 30 to 50 (Must be higher than the average spread of the currency pair) Fixed Lot = 0.0 (activated Auto Lot) ; Fixed Lot > 0 (your manual lot size) Auto Lot = 0.5 to 2.5 (= 1 mean auto lot size = 1 lots per $100,000 balance, or 0.01 lots per $1,000 balance...) Take Profit = 600 (points) Stop Loss = 600 (points) Start Trailing = 50 (points) Trailing = 10 (points) Magic Number = 6699
* If you set Fixed Lot > 0, the EA will trade with Lot Size = Fixed Lot (if Fixed Lot is a valid lot size).
* If you set Fixed Lot = 0 and Auto Lot > 0, the EA will calculate the Lot Size according to the value of Auto Lot.
Recommend:
Time frame: M1 or M5. Use VPS with low latency (<10ms).
Use EA with ECN or Raw spread accounts, spread < 25 points. Min Balance: $ 300
Stops Level = 0 (check the Stops Level by: Press Ctrl + U, select currency pair , click Properties and Stops Level on the 3rd line)
Note: If you use EA with Gold and the price has 3 decimal places (like 1900.123), then you need to increase 10 times the value of Max Spread, Take Profit, Trailing parameters. For example, set Take Profit = 6000 (instead of the default value = 600). Because Point calculation is different with 2 decimal places.
