Trading Robots for MetaTrader 4
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MetaTrader 4
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Overview
Expert Advisor Golden Pips EA is an advanced automated trading robot dedicated to the Gold market (XAUUSD). EA uses proprietary and carefully programmed advanced algorithms. It applies Correlation and Momentum swing strategies to find high probability trading opportunities, combined with smart position management strategies to reduce risk and bring advantages for users.
The EA has been optimized for Gold and you only need to use default setting (for Gold, XAUUSD with 2 decimal places).
Settings:
| Suffix | Not set if there are no extended characters in name. If the pair name is in the form XAUUSD.x : set Suffix = .x |
| Max Spread | = 30 to 50 (Must be higher than the average spread of the currency pair) |
| Alow Buy | = True |
| Allow Sell | = True |
| Fixed Lot | = 0.0 (activated Auto Lot); Fixed Lot > 0 (your manual lot size) |
| Auto Lot | = 0.5 to 2.0 (= 1 mean auto lot size = 1 lots per $100,000 balance, or 0.01 lots per $1,000 balance...) |
| Take Profit | = 400 points |
| Max Stop Loss | = 4000 points |
| Trailing | = 10 points |
| Start Trailing | = 45 points |
| Max Trades | = 15 |
| Time Start | = 01:30 (hh:mm) |
| Time End | = 22:30 (hh:mm) |
| Magic Number | = 9979 |
* 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: M1 or M5. Use VPS with low latency (< 20ms).
Use EA with ECN or Raw spread accounts, spread < 35 points. Min Balance: $ 400
If Gold (XAUUSD) has 3 decimal places with the price (ex: 2200.123). You need to change the Take Profit and Trailing values to 10 times the default value (ex: Take Profit = 4000, Trailing = 100 ...), because the pip, point ratio of 2 and 3 decimal places differs by 10 times.
