GoldExcel MT5 Version

Welcome to GoldExcel EA for MetaTrader5, your ultimate automated trading solution for the XAUUSD instrument (GOLD).

GoldExcel stands out a reliable choice in the trading landscape. Experience the power of GoldExcel, designed for optimal performance with high liquidity and volatility in the gold market.

GoldExcel system places orders on a once per day basis using only the Gold Pair. The gold pair is perfect for this type of trading due to its high daily range, volatility and movement correlation with stock market opens. Gold has superior global liquidity so fills and execution are typically excellent. 

GoldExcel exemplifies a system that leverages price action and time-based trading to achieve a significant edge, proven through extensive long-range testing. Our live forward trading results directly align with historical backtesting, instilling confidence in our clients as they move forward. Designed for and effectiveness, GoldExcel uses market openings as a catalyst to identify early movements in the Gold pair at the start of the US trading session. With a hard stop loss of $7.50 in Gold movement, its a time tested strategy, ensuring the system's longevity through natural market dynamics.

Gold Excel has 1 set of orders per day, which is typically filled, but only 1 trade open at one time, uses no additional layering techniques or adding multiple trades on top of losses. In this way, its very easy for user to predetermine the downside risk of each trade before it closes. The system will begin profit trailing stop that activates with a 175 cent price gain in gold, and continue to trail until exit. (i.e if trade opens 2051.00, once 2052.75 is reached the trade will begin profit trail).

GoldExcel uses a recovery function of 3.0 that will increase the lot next day if the prior day was loss. Client has choice to use recovery or not, as the system is very stable by using non recovery also (backtest in comments section) it is personal choice. But with a historical win rate of 85%+, the odds favour to use recovery to increase performance. Client can backtest on same lot by removing recovery function by making<lot increase after loss> input = 1.0

GoldExcel offers significant advantages for both prop users and standard traders, enabling them to pass challenges quickly while seamlessly trading on funded accounts. Unlike high-frequency trading bots, GoldExcel adheres to volume rules, making it compatible with any prop firm that offers a regular XAU spread. This makes it a comprehensive solution for traders of all sizes, as it can effectively operate in accounts starting from just $50. By only trading after US markets open GoldExcel strategically avoids major news releases ensuring a more stable trading environment.

Strategy Summary:

• Currency pair: XAUUSD (GOLD)
• Minimum deposit : $50
• Timeframe: 30 Minutes
• Broker Offering : Any decent broker with gold spread around or under 10-15 cents. (IC/Fusion/VT/Axi//Pepperstone/Tickmill/Vantage/Tradeview etc)
• Account type: Low Spread with Commission. (RAW/RAZOR/ECN)
• IMPORTANT: A lower gold spread will excel over a high spread, i have seen upwards of 80 cents spread in some poorer brokers. Target 10 cents.(e.g IC is regularly 5 cents)
• Account type: Hedge or netting, FIFO also works.

• Places Order Once Daily 
• Entry - Pending Orders placement
• Exit - By Stop loss, or trailing profit orders.
• Every trade has a Stop Loss 
• Orders are cancelled or closed before EOD.
• No daily rollover or overnight trades.
• VPS not essential but recommended
• Easy setup with only changes to lots and GMT clock if necessary.
• Find backtest and any necessary set files in comments
  

Run your own backtests. See comments for long term test report.

Broker with 7 digit gold quote and GMT0 broker will need setfiles.