Description
GoldenBot 1.67 Latest
GoldenBot is a diversified portfolio of various systems trading gold. Most gold trading systems you encounter are either pure trend ones or counter-trend ones. So they are only good at certain market phases. GoldenBot includes a number of trend and counter-trend systems making it to perform good during any market phase. System effectiveness is proven by live results (see below at Telegram channel). Monitoring: https://www.mql5.com/en/signals/827470 Working timeframe is M1 (1-minute) Minimum account balance: $100 Default parameters are for XAUUSD (GOLD) MT5 version: https://www.mql5.com/en/market/product/56665
- Good ECN broker with low commission and spread
- VPS is strongly recommended
- The system contains 3 low-correlated strategies: Daily Breakout, Intraday Breakout and Reversal Strategy
- Long-term robot: no dangerous money management (like grid or martingale that can blow up your account in a short time) is used. Every trade is protected by stop-loss
- Backtested with real tickdata, variable spreads and delay. High expectancy from the trade allows the system to work with almost any trading conditions
- High expected payoff, profit factor, recovery factor (on both backtests and live trading)
- The EA is very easy to setup and use
- Open an empty chart of XAUUSD, go across all timeframes from MN (monthly) to M1 (1-minute) to download historical data
- Attach the EA to the XAUUSD M1 chart
- Make sure that there are no errors in Experts tab
- Fixed Order Size – fixed trading lot
- Enable AutoLot – use automatic lot calculation
- Balance For Every 0.01 Lots – balance to be used per 0.01lots (automatic lotsize based on balance)
- Max Risk Per Trade – auto MM based on the stop loss and deposit size. For example: at a value of 5, closing a trade by stop loss will result in a loss of 5% of the balance
- Maximum LotSize – maximal allowed trading lot
- GMT Offset Auto – if true, the EA will find the GMT offset automatically. Allow requests to https:/ /www. worldtimeserver .com (remember to delete spaces)
- GMT Offset Manual – set your broker’s time zone (in winter)
- Adjust DST Manual – set your broker’s DST
- Maximum Spread – maximum allowable spread, pips
- Maximum Slippage – maximum allowable slippage for instant accounts, pips. Increase it to avoid re-quotes and off-quotes
- Disable NY Holidays – disable trading for a specified number of days before/after New Year holidays
- Trade Direction – long and(or) short can be selected
- Monday Trading – enable/disable trading on Monday
- Tuesday Trading – enable/disable trading on Tuesday
- Wednesday Trading – enable/disable trading on Wednesday
- Thursday Trading – enable/disable trading on Thursday
- Friday Trading – enable/disable trading on Friday
- Friday Exit – set to true if you wish to close all trades on Friday
- Friday Exit Hour – all open positions will be closed at this hour on Friday
- Take Profit / Stop Loss – take profit / stop loss
- TP/SL Expressed – select the TP/SL calculation method: In Pips or In % ATR – popular measure of volatility expressed as a percentage of the Average True Range
- Trailing SL – trailing stop in pips
- Trailing SL Start – when to start the trailing stop
- Level Offset – allows you to adjust the offset of sup/res levels (breakouts only)
- Max Holding Time – maximal position holding time – a maximum number of bars between opening a position and closing it completely
- Magic Number – unique identifier for EA’s orders
- Order Comment – comment for EA’s orders
- Enable Daily Breakout / Intraday Breakout / Reversal Strategy – enable/disable strategies
- Price Channel / Volatility Factor – allows adjusting the frequency and quality of trade entries
