This Expert Advisor (Multi Timeframe Gold - MTGold) is recommended for trading XAU/USD (Gold) and EUR/USD currency pairs. However, other pairs can easily be traded with it. Kindly connect with our Telegram Group for regular updates.
The signals of this Expert Advisor are derived from the interaction between 5 Technical Indicators in different Time Frames. Machine Learning was used in the selection of Indicator/Timeframe combinations which yield the best results while considering risk.
RISK MANAGEMENT: The user can choose between using a Hard Stop Loss and Martingale. Using the default Hard Stop Loss is safer. The Martingale Trade Management system implemented in this EA includes Draw-down Reduction and Recovery Technologies which make it much less risky. Using martingale achieves more trades and significantly higher returns. However, martingale is significantly riskier. Additionally, Trailing Stop Loss is also implemented.
Links to the Set files for the best settings will always be updated in the comments tab of this page.
SETTINGS DESCRIPTION
Attach EA to 1 minute (M1) XAUUSD or/and EURUSD chart
Please note that most default values are stated inside the EA inputs settings. Set Files are also provided here .
Indicator Settings
Set Indicators Time Frames, High & Low limits as well as Tolerances. Default values are provided inside the EA input settings
SL & TP Settings
The EA has two ways to take profit/stop loss. The EA chooses the best of the two during a trade. The first method is based on ATR (Average True Range) of the market at the time of the trade and the second is a hard TP/SL in points. (Points is Pips * 10). The EA defaults are fine.
General Settings
If "Use Martingale & Recovery?" is set to True, manually change "Use Stop Loss" to False and vice-versa.
Lot Multiplier and Max Lot Size are only used if "Use Martingale & Recovery" is set to True
Recovery Settings
These settings only work if "Use Martingale & Recovery" is set to True. Default values are fine.
