Trading utilities for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
Introducing the latest generation of automated trading robots for the Gold (XAUUSD) market. The Gold Engine EA is programmed with advanced algorithms and unique strategies with the latest improvements and optimizations. The EA strategy analyzes linear momentum combined with multi-timeframe variance ratios to find high probability and low risk trading opportunities. Along with the smart position management strategy to reduce risk and optimize performance.
The trading orders have Stop Loss, Take Profit, Trailing options available. Stop Loss can be set with large values to take advantage of the EA's position management strategy.
This EA is simple to use and install, users only need to install the default (for Gold there are 2 digits).
Settings:
| Max Spread | = 30 to 50 (Must be higher than the average spread of the pair) |
| Fixed Lot | = 0.0 (activated Auto Lot); Fixed Lot > 0 (your manual lot size) |
| Auto Lot | = 1.0 to 3.0 (=1 means auto lot size = 1 lots per $100,000 balance, or 0.01 lots per $1,000 balance...) |
| Hyper Activity | = False (or True: with with more signals and more trading orders) |
| Take Profit | = 500 (points) |
| Stop Loss | = 1500 (points) |
| Trailing | = 10 (points) |
| Start Trailing | = 40 (points) |
| Slippage | = 8 |
| Time Start | = 01:30 |
| Time End | = 22:30 |
| Magic Number | = your number |
* 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:
This EA is specifically designed for Gold (XAUUSD).
Time frame: M1 or M5. Use VPS with low latency (< 20ms).
Use EA with ECN or Raw spread accounts, spread < 35 points. Min Balance: $ 300
If Gold (XAUUSD) has 3 decimal places with the price (ex: 2200.123). You need to change the Take Profit and Trailing values to 10 times the default value (ex: Take Profit = 5000, Trailing = 100 ...), because the pip, point ratio of 2 and 3 decimal places differs by 10 times.
