GOLD TRADE PRO EA – Forex Mt4 Expert Advisor

This Expert Advisor does not work with version “Build 1420” or higher.

These EAs are tools to automate your trading. They are suitable for traders at all levels, but we advise practicing with a demo account until you achieve consistency and confidence for live trading.

GOLD TRADE PRO EA MT4

• Gold has long been one of the most sought-after commodities, and in the world of forex trading, the allure remains just as potent. The introduction of Gold Trade Pro EA ushers in a new era, combining trusted trading methods with the latest in algorithmic decision-making. Let’s delve into this revolutionary product.

Key Takeaways

• Gold Trade Pro distinguishes itself in the following ways:
• Precise Risk Management: Every Gold Trade Pro transaction commences with predefined Take Profit (TP) and Stop Loss (SL) levels. This meticulous approach to risk management plays a pivotal role in mitigating losses and preserving trading capital.
• Trailing Stop Loss: In a bid to further minimize risk and optimize profits, Gold Trade Pro incorporates a trailing stop loss mechanism. This feature allows the EA to adapt to favorable price movements while securing gains as they occur.
• Diverse Strategies: Gold Trade Pro integrates seven distinct strategies into its system. These strategies operate in synergy to establish a consistent growth trajectory. While occasional losses are an inherent part of trading, they are not manipulated or concealed to deceive traders.

GOLD TRADE PRO EA Features

• Preferred Pair and Timeframe: Gold Trade Pro is meticulously optimized for XAUUSD (Gold) and exclusively operates on the daily timeframe.
• Minimum Balance: Commencing with a minimum balance of $200 is recommended, although higher balances can exhibit greater resilience in navigating market fluctuations.
• Strategy Selection: For accounts with balances ranging from $200 to $400, it is prudent to activate only strategies 2, 4, and 7, as they are associated with lower drawdown levels.
• Risk Management: Gold Trade Pro features a “Risk per Trade” setting. It is advisable to initiate with a conservative risk approach, such as 1% risk per trade, and subsequently fine-tune it in accordance with your comfort level as you gain experience.

Parameter overview:

• ShowInfoPanel: Displays an information panel on the chart.
• Infopanel Size Adjustment: For 4K displays, set the value to “2”.
• Update Infopanel During Testing: Disable for quicker backtesting.
• Run Strategy 1..7: Enable or disable various strategies (all are breakouts of daily support and resistance, with differing entries, exits, and trailing SL settings).
• Maximum Allowed Spread: The highest permissible spread for pending orders.
• Friday Stop Hour: Set between 0 and 23 to avoid holding trades over the weekend. (25 means “disabled”).
• SetSL_TP_After_Entry: Enable only if your broker prohibits pending orders with SL and TP.
• Use Virtual Expiration: Enable only if your broker disallows pending orders with an expiration date.
• Randomization: This slightly varies entries, exits, and TrailingSL values to diversify trades among users on the same broker. Useful for prop firms. A good value is “50”.
• BaseMagicNumber: The fundamental magic number used for all strategies.
• Comment for Trades: The specified comment for trades.
• Lotsize Calculation Method: Choose how the lotsize should be calculated: Fixed lotsize (Use StartLots), Max Risk Per Trade, or LotsizeStep.
• Startlots: Set the value for a fixed lotsize when selected. Acts as “minimum lotsize” when using other lotsize calculation methods.
• LotsizeStep: Ties lotsize to balance or equity. For example, LotsizeStep=1000 means 0.01lots per 1000 in balance. A balance of 3000 runs at 0.03lots.
• Max Risk Per Trade: The maximum percentage loss when a SL is hit. A value of “2” implies a maximum 2% loss if a full SL occurs.
• Set Max Daily Drawdown: Set a maximum daily drawdown percentage. If reached, the EA closes all trades and pending orders, waiting until the next day. Useful for prop firms.
• Use Equity Instead of Balance: Use account equity to calculate all lotsize values.
• OnlyUp: Prevents lotsize decrease after losses (more aggressive but faster recovery).

Setting up the EA:

• Recommended pair: XAUUSD/GOLD
• Timeframe: Daily
• Minimum balance: 200$