Gold Mountain Expert Advisor

Welcome to the Gold Mountain Expert Advisor!!! 

Fully Automated Gold Trading targeting High Win Rates.

Introducing the Gold Mountain Expert Advisor!!! A fully automated expert system engineered to have high win rates with the goal of executing as many trades as possible. The EA will open up to 6 limit trades off of one signal in a grid pattern sharing the Take Profit and Stop Loss. The design of the EA is intended to earn more profit by opening more trades as the original trade goes negative. This EA is specifically designed to trade Gold on the H1 Time Frame using the XAUUSD pair.

The EA utilizes over 60 customized and unique signals to initiate trades when market conditions are favorable for optimal outcomes. By employing various signal types and filtering based on tick data and time bars, the EA identifies moments when the pair exhibits high periods of strength in one direction or when the pair is over extended and likely ready for a reversal. Each signal operates independently and has been rigorously optimized through backtesting across multiple brokers. Testing is performed using various time frames and delays to ensure consistent trading performance.

The EA is a work in progress, and continuous updates will be provided as more signals and enhancements are integrated. The objective has been to develop an exceptional EA based on successful observations from testing various EAs and strategies. Due to legal restrictions as a US Citizen preventing trading metals on the Forex market, this valuable tool is shared with you. The commitment is to offer high-quality products at an accessible price. Please feel free to reach out with any inquiries.

For most brokers, the default settings will function effectively without requiring modifications. While a Raw Account Type is recommended for optimal performance, any account type should be compatible, potentially requiring minor adjustments. Successfully tested brokers include: FXPIG, IC Markets, FP Markets, Black Bull Group, and Vantage International.

Please leave a review after testing live and contact me with any questions.

 Program Parameters

• EAcom = Comment placed on each open trade.
• Magic = Unique magic number for EA.
• MaxOrders = Number of trades that can be open at one time. Recommend 14.
• MaxPendingOrders = Number of trades that can be pending at one time. Recommend 14.
  
• Risk = Risk Settings, 0 = Default Lowest Risk, 1 = Medium Risk, 2 = High Risk/Most Trades.
• FixedLotSizeEnabled = When set to True, will use the FixedLotSize Parameter. When False will use the BalanceLotSize Parameter
• FixedLotSize = Trade size in lots to use for every trade when FixedLotSizeEnabled is True.
• BalanceLotSize = Trade size in lots per BalancePerLotSize. Used when FixedLotSizeEnabled is False.
• BalancePerLotSize = The balance required per BalanceLotSize. If BalanceLotSize is 1 and this is set to 100000, then when account balance is 200000, will trade lot size of 2 lots.
• NeverDecreaseLotSize = Set to True if using BalanceLotSize to never have lot size used decrease when balance decreases.
• ClosePipProfitFactorX = Used to calculate profit of each signal.
• MinProfitClose1 = Minimum profit target for every trade opened. 100 = $1.00 for a 2 digit account X.xx. If pricing is in 3 digits, then multiply by a factor of 10. (X.xxx)
• MinProfitClose2-6 = Will share TP and SL of MinProfitClose1. These should be set to less than ClosePipLoss value.
  
• ClosePipLoss = Maximum loss target for every trade opened. 2500 = $25.00. If pricing is in 3 digits, then multiply by a factor of 10. (X.xxx)
  
• LimitPrice = When a valid signal to open a trade is found, this is the value from the current price that the Limit Order is set in dollars.
  
• ExpirationSeconds = Time to allow a pending order to be open in seconds before it is cancelled.
• TradeSpacingSeconds = Minimum time between placing trades.
• ClosePendingTrades = Close Pending Trades when an open Position Closes if set to True. Will keep pending orders open until expiration if false.
  

 Recommendations on Usage

1. Run on the XAUUSD chart.
2. H1 timeframe or lower, the EA uses ticks and bars to trade.
3. Start Risk small to watch program in action and determine if this EA is right for you.
4. Keep Risk low to protect your account from drawdown.
5. Do not close trades over weekend as profit can be lost.
6. Low spreads, low commission and high quality execution will help earn more profit.
7. Minimum of $1000 USD deposit on account to run at minimum settings.
8. Change MinProfitClose and ClosePipLoss values by small amounts in testing to optimize further for your broker. Both can likely be changed to increase profit. Default settings are made to work well for multiple brokers.
   

 A Message to Our Valued Customers

Please don’t hesitate to message me or post about any questions that you might have, I will be happy to help. If you choose to not purchase after testing, please let me know why, I welcome feedback and suggestions. If you purchase, please wait to review until you have tested for a while.

 Author

Benjamin Patri – Programming expert in development, design, and optimization of automated trading programs with more than 15 years of Forex Experience.