Trading Robots for MetaTrader 4
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MetaTrader 4
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Overview
Introducing the automated trading system dedicated to the Gold market (XAUUSD) - EA Golden Vistar is a combination of momentum, volatility models combined with scalper and position management methods to optimize performance and control risks. Users can also set the MA moving average as a trend filter for signals. The EA strategy requires Stop Loss set to a large value to implement position management and cover floating positions.
The EA settings are simple and easy to use. You can start with the default settings (with Gold having 2 digits) and an initial investment balance of 500 USD.
Settings:
| Max Spread | = 30 to 50 (Must be higher than the average spread of the pair) |
| 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...) |
| Allow Hedge Trades | = True (or False) |
| Take Profit | = 500 (points) |
| Stop Loss | = 5000 (points) |
| Trailing | = 10 (points) |
| Start Trailing | = 50 (points) |
| Max Trades | = 15 |
| Use MA Trend Filter | = True or False |
| MA Period | = 14 |
| MA Method | = Simple (SMA) |
| MA Timeframe | = M1 |
| Slippage | = 10 |
| 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: $ 500
Note:
+ If you use EA with Gold and the price has 3 decimal places (like 2300.123), then you need to increase 10 times the value of Max Spread, Take Profit, Trailing parameters. For example, set Take Profit = 5000 (instead of the default value = 500). Because Point calculation is different with 2 decimal places.
