Trading Robots for MetaTrader 4
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MetaTrader 4
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Overview
The Golden Engine EA is an advanced automated trading system designed exclusively for Gold (XAUUSD). Powered by proprietary algorithms, it continuously monitors short-term price dynamics to identify high-probability trading patterns. Each position is executed with carefully calculated Stop Loss and Take Profit parameters, without Trailing.
The EA has been optimized for default settings on Gold with 2 digits for simple installation and use without the need for set files.
Settings:
| Max Spread | = 30 to 50 (Must be higher than the average spread of the pair, = 500 if Gold has 3 digits) |
| 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...) |
| Take Profit | = 200 (points, = 2000 if Gold has 3 digits) |
| Stop Loss | = 350 (points, = 3500 if Gold has 3 digits) |
| Timeframe | = 5 Minutes |
| 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: any time frame. Use VPS with low latency (< 20ms).
Use EA with ECN or Raw spread accounts, spread < 35 points. Min Balance: $ 300
Note:
+ If you use EA with Gold and the price has 3 decimal places (like 4200.123), then you need to increase 10 times the value of Max Spread, Take Profit, Trailing parameters. For example, set Take Profit = 2000 (instead of the default value = 200). Because Point calculation is different with 2 decimal places.
+ The default setting is the recommended setting, but you can still change the parameter values to tweak the system to suit you.
+ Stops Level = 0 (check the Stops Level by: Press Ctrl + U, select currency pair, click Properties and Stops Level on the 3rd line).
+ Download history data before backtesting, press F2 to open history data table and download.
