Gold explorer is an expert advisor specially designed for trading gold. It's trading approach entails the use different trading filters in placing trades. These trading filters are momentum and trend indicators. Optimizatisation is done carefully to ensure that there is no overfitting. This Gold trading system was tested from 1st January, 2023. The screenshots show the equity curve.
Requirements
- Minimum deposit of $100
- Platform - MT4
- Pair - Gold (XAUUSD)
- Timeframe - 1hour
Input Parameters
- Display_EA_Name - if set true, dashboard of the EA is displayed;
- Magic Number - trade identification number;
- Maximum Take Profit - Maximum Take Profit for every trades ;
- Minimum Take Profit - Mimimum Take Profit for every trades ;
- Maximum S top Loss - Maximum Stop loss for every trades;
- Minimum S top Loss - Minimum Stop loss for every trades;
- Trailing Stop - Trailing stop for every trades;
- FixedLots - Fixed trading volume for every open positions if 'UseMoneyManagement' parameter is set to false
- UseMoneyManagement - if true, the EA will calculate lot size to use in opening initial trade by using the value of MaximumRisk parameter below
- MaximumRisk - percentage of initial deposit to be used in opening a single trade;
- GE_MaximumTolerantSpread - This is the maximum allowable spread for the EA to open trade.
To test Gold Explorer expert advisor, check here
How to install expert advisor
- Right click on the expert in the navigation panel
- Choose 'attach to a chart' from option shown
- Click 'common' tab and check 'allow live trading'
- Click 'input' tab and input your settings in the dialog or click 'load' tab to load your pre downloaded set
- Click OK.
At the top right corner of the chart there should be an object there, smiling.
If not smiling, make sure you enable automatic trading.
To enable automatic trading, single click ' Auto Trading ' tab with RED dot at the menu bar, it should immediately change to GREEN arrow.
Further development of this system is ongoing. In case you have any suggestion do not hesitate to contact us.
Click here to ask any question you might have concerning my products .
