GOLD M STOPS Expert Advisor is a fully automated forex trading robot designed to work on the XAUUSD ,AUDUSD ,USDCAD ,EURUSD ,GBPUSD and AUDCAD currency pairs and it is also optimizable for other currency pairs.
The strategy based on breaking through price levels and Market Time , each entry point is calculated using an advanced input filter based on the analysis of the movement of the price
The trading system is suitable for both experienced traders and beginners. The EA includes protection against high spreads, and allows you to trade with a fixed or automatic lot size.
Minimum account balance for Gold Power strategy: $800 ; or you can use cent accounts
Minimum account balance for AUDUSD strategy: $200 ; or you can use cent accounts
Default settings are for XAUUSD M5
For “AUDUSD” strategy => AUDUSD M5
For “USDCAD” strategy => USDCAD M5
A low latency vps is always recommended.
Raw spread accounts are reccomended
trading involves risks ,use only those funds that you are ready to lose.
Every trade is protected by stop-loss and trailing stop-loss
Good resistance to unexpected market events
The EA is very easy to setup and use
contains 2 great special trailing stop loss
contain a great recovery system.
Spread protection. max spread input.
Group Trade Settings >>
MagicNumber : expert ID to seperate from other EAs on account.
Allow Open Long Trades : if(true) => user allow the EA to open Buy positions
Allow Open Short Trades : if(true) => user allow the EA to open Sell positions
SL : stop-loss per points
TP : take profit per point
MaxSpread : maximum allowed spread
EnableTrailingSL : if(true) => user allow the EA to use its special trailing stop loss
MinProfitTrailSL : minimum needed profit per points to start special trailing stop loss
Recovery : if(true) => user allow the EA to use the recovery function
RecoveryTradeDistance : distance per points between the main trade and the recovery trade
EnableTrailingSLForRecovery : if(true) => user allow the EA to use its Recovery trailing stop loss
MinProfitTrailSLForRecovery : minimum needed profit per points to start Recovery trailing stop loss
StartLevelOfTSLrecovery : first distance of recovery trailing stop loss( per points )
TradeComment : the comment that will show for every trade
Group Money Management for Start Lot >>
Enable Fixed Lot : if(true) => the EA uses fixed lot money management
Fixed Order Size : Order volume for fixed lot money management
Enable Auto Lot : if(true) => the EA uses auto lot money management based on balance
Balance For Every 0.01 Lot : if user choose auto lot, the EA will divide your balance by this amount to calculate the volume
Enable Auto Lot Base On Equity : if(true) => the EA uses auto lot money management based on equity
Equity For Every 0.01 Lot : if user choose auto lot based on equity, the EA will divide your equity by this amount to calculate the volume
+++ User must enable only one money management system+++
“MaxNumBuy” ==> maximum number of open buy positions.“MaxNumSell” ==> maximum number of open sell positions.
Added StopLossType input : 1-DifferentSLforTrades 2-SameSLforTrades
( if user choose “DifferentSLforTrades” every trade will be placed with (stop-loss = price – “SL” ) for BUY and (stop-loss = price+”SL”) for SELL )
(but if user choose “SameSLforTrades” the first trades will be placed with normal stoploss(like above) but recovery trades will be placed with stoploss = first trade stop loss
Do not use Gold M stops strategy. It seems like it has different results on different brokers.
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