Gold Hedge EA MT5
Gold Hedge EA MT5 is an Expert Advisor designed specifically for trading Gold. The operation is based on opening orders using the Trend Indicator, thus the EA works according to the "Trend Follow" strategy, which means following the trend.
MT4 version: https://www.mql5.com/en/market/product/59915
First, before attach EA to chart, you need add http://calendar.fxstreet.com/ in the list of allowed url in the tab 'Expert Advisors'
Tool —> Option —> Expert Advisors —> Allow WebRequest for listed URL http://calendar.fxstreet.com/
- Open new series - on / off beginning of a new series of orders.
- Start lots - start lot.
- Trade Buy - allow the adviser to buy.
- Trade Sell - allow the adviser to sell.
- Use hedge - allow the adviser to trade both direction buy and sell. If off only one trade direction.
- Use Money Management - on / off use of automatic lot calculation.
- Autolot. Free margin for each 0.01 lot - the amount of free margin for opening every 0.01 lots.
- Lot miltiplier - lot multiplier for the following orders.
- TP - take profit, in pips.
- SL - stop loss, in pips from the first order.
- Grid Step - distance between orders.
- Trail Start - activation of a trailing stop.
- Trail Step - distance from the price when activating a trailing stop.
- DD Reduction Algoritm - drawdown reduction algorithm it when last order with profit will be close with first order series with loss.
- Overlap_Orders - from which order the drawdown reduction algorithm is activated.
- Overlap_Pips - pips of profit when closing orders in the drawdown reduction mode.
- Magic - is a special number that the EA assigns to its orders.
- Start, End hour - time for opening the first order.
- Maximum Lot - maximum lot.
- Maximum spread - the maximum spread for the adviser.
- News: add http://calendar.fxstreet.com/ in the list of allowed url in the tab 'Expert Advisors'
- XAUUSD M15 default settings for 2 difgits quotes (1900.00 2 digits 1900.000 3 digits need change Step_Grid to 2000 )
- For Forex pairs change TP 100 and can use default settings M15 EURUSD GBPUSD AUDUSD AUDCHF USDCAD NZDUSD USDJPY USDCHF
- Min deposit: 1,000$ Forex, 10,000$ Gold