EA Gold Trade

Advisor for trading gold XAUUSD timeframe M1, it is possible to optimize for other major pairs with preliminary testing using minimal risks. The EA does not use dangerous trading methods - martingale or grid. It works only with pending orders, the EA has a built-in protection against an increased spread, for each transaction there is a Takeprofit and a minimum Stoploss! The EA is based on several Bollinger Bands , AO, RSI, MACD, ATR and Moving Average indicators. Orders are opened if all the conditions for the specified indicators are met.

Recommendations:

Set for version 1.2 these settings   on the XAUUSD M1 chart.

The minimum deposit is from $100.

Settings:

• Magic Number - a magic number.
• MaxSpread - the maximum allowable spread.
• EA Gold Trade - comment.

"Order offset settings"

• PriceOffset - pending order placement price.
• Expiration - pending order holding time.

"money management"

• Fixed Lots - trading with a fixed lot.
• Risk % - trade risk % of balance.
• Lots step - lot step.
• Max Lots - the maximum allowable lot.
• Stoploss - fixed stop loss.
• Takeprofit - fixed takeprofit.
• Slippage - slippage.

trailing stop settings"

• true/false (Recommended true) - enable/disable trailing stop.
• Trailing Stop - trailing stop distance.
• New TakeProfit - techprofit modification.

Rsi settings

• Period Rsi - RSI period.

Bollinger Bands settings

• Bollinger Bands Period - Bollinger Bands period.
• Deviation - deviations.
• Shift - shift.

Awesome Oscillator level

• level AO Sell (Recommended 4) - Awesome Oscillator level.
• level AO Buy (Recommended-4) - Awesome Oscillator level.

Other parameters

• MAPeriod - Moving Averages period.
• MA type - MA method.
• PeriodsATR - period of the ATR indicator.
• MultFactor - ATR multiplier.
• Body candle - candle body.