Trading Robots for MetaTrader 4
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MetaTrader 4
Top Rated Products MT4
Overview
GoldSuperTrendEA uses a strategy that combines RSI and Moving Average.
High winning percentage and a high profit factor make this Expert advisor very profitable, you can check the results yourself by downloading the demo version which only works in backtesting.
It was developed for XAUUSD pair.
Setup and tips:
I recommend using a balance of $1500 and an initial lot of of 0.05 with leverage 1:100
Low timeframes are more sensitive to price swings, so it is best to use moving averages and low RSIs to identify trends. High timeframes are less sensitive to price swings, so it is best to use moving averages and high RSIs to identify underlying trends.
Examples
With M1 timeframe – set the RSI period to 3 and MA to 10
With M5 timeframe - set the RSI period to 3 and MA to 20
With timeframeM30 - set the RSI period to 4 and MA to 60
With 1h timeframe – set the RSI period to 7 and MA to 150
