Trading Robots for MetaTrader 4
Shopping cart
The cart is empty
MetaTrader 4
Top Rated Products MT4
Overview
The Expert Advisor has been specifically developed for trading gold (Spot Gold).
The strategy is based on Fibo levels calculated from the previous (first) candle High/Low and the width of the current and lower timeframes channel. If important Fibo levels of different orders are located in a single price channel (within a spread), the EA defines this channel as the target for price movement and starts operation.
Martingale and averaging are not used. Each order is independent and is accompanied by a stop loss and take profit.
The strategy applies a trailing stop.
It is recommended using this EA on gold (Gold Spot, XAUUSD, etc.).
Parameters
- Comment to order - open orders comments;
- MaxRisk - maximum risk per trade;
- if MaxRisk = 0, Lot will be - lot if MaxRisk=0;
- Take Profit - take profit;
- Stop Loss - stop loss;
- Enable trailing-stop - enable trailing stop;
- Trailing Start - trailing start;
- Trailing Step - trailing step;
- Max orders in the market - maximum number of simultaneous orders;
- Max Spread - maximum allowable spread;
- Slippage - slippage level;
- Magic - magic number to distinguish EA's own orders.
