Market / MetaTrader 5 / Experts /

Golden Bird MT5

69 USD

Demo downloaded: 163

Published: 30 January 2024

Current version: 2.25

Golden Bird MT5

Experts
Edgar Elsner
Version: 2.25
Activations: 10

Golden Bird MT5

is an indicator-based Scalping Expert for trading XAUUSD (Gold).

If the indicator-pattern occurs, two stop orders become placed on the high/low of the pattern-defined zone. The onscreen panel provides a detailed overall view about system and market status. Furthermore, it includes buttons for active Traders to place additional sessions and/or market orders manually at any time as mechanical experts are not able to catch every further promising trading opportunity during the day's market movement.

Unlike other experts that use Martingale or Grid strategies, Golden Bird MT5 doesn't use such strategies and protects its trades by setting fixed Stoploss and in addition, possible drawdowns become limited by the build-in recovery function that balances profitable positions with lower loss positions. The recovery-levels, if used, are calculated by the Expert’s pattern and not statically like many Grid/Martingale systems use.

Profits are taken by virtual trailing and start at the preset of "Profit Trail Activation" level or higher if its underlying indicator-controlled value exceeds the preset.

The expert is spread- and latency-sensitive. Therefore, it is highly recommended to choose Hedge ECN-accounts of types "RAW" or "Razor" with reliable Brokers like IC Markets, FP Markets, Tickmill, … However, standard accounts are not recommended as of their often huge spreads!

For continuously operation the Expert should become installed on a VPS with locations of low latency like for example New York or London.

Installation is done on the XAUUSD chart whereby the chosen timeframe doesn't matter and even can be changed at any time of the expert's operation status without to affect it. Furthermore, the expert regards only trades of the same Magic Number in conjunction with the Symbol. Therefore, manually entered trades should be entered by the corresponding Panel buttons "BUY"/"SELL", if become included in the Expert's calculations.

As the Expert might not place trades daily, please have a look here for daily trading and ask for bonus if you already purchased Golden Bird MT5:

https://www.mql5.com/en/market/product/110852

TIP: Backtest in visual tester mode allows to operate the Expert just like in life trading if in the Settings "Display Panel in visual Tester Mode" was set to "true". All the buttons can be utilized. To utilize the News Reader data in visual tester mode, please ask for my special free Script tool that prepares the news data for Backtesting.

Features Overview

Currency pair XAUUSD (2 Digits)
Minimum Capital $1.000 (recommented)
Works in any timeframe
All Trades StopLoss-protected
Recovery mode optional (No Grid/Martingale)
Virtual trailing stop and trailing take profit
Broker big slippage and big spread protection
Money Management with Auto-Volume adaption
Onscreen Panel with status information/messages and buttons for manually:

Opening of new Stop Order set at any time manually
Opening of Buy/Sell Market Orders
Closing open Orders
Show/hide Onscreen-Panel by clicking its headline or pushing key ‘s’

Detailed Settings Description: https://www.mql5.com/en/blogs/post/756039

>>> Tips for choosing the right broker and VPS provider: https://www.mql5.com/en/blogs/post/756040

Setup and Configuration

Install the Expert with its default settings on XAUUSD-Chart of preferred timeframe and set your capital risk level. Before starting with live trading, provide a backtest with 100% real quotes and use a demo account initially before switch to real account!

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Logo Copyright remark: "Designed by Vectortwins / Freepik"

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London Breakout MT5 is the low-risk and low-priced Breakout Expert that trades morning session breakouts of GBPUSD, here offered by the original developer. Watch this video before you intend to buy a Breakout Expert Advisor: https://www.youtube.com/watch?v=c0UwKrWnoEE&t=2s Compare current performance with top rated, high priced experts here: https://www.mql5.com/en/blogs/post/757139 Life signal (shows all current life trades without any delay): https://www.mql5.com/en/signals/2190019 B

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TRADECOPY MASTER MT5 Over the years I developed TradeCopy MT4/MT5 for that purposes: I'm running several experts on one and/or different terminals and accounts. The trades opened by those experts, usually will not move straight away into profit zone. Very often they use to pullback more or less before ending up in profit (or in loss finally...). Improvement of profits (and limit losses) by additional controlling of trades that your experts on the TradeCopy Master part have been opened can be

FREE

Golden Tea Time MT5 is based on a classic, popular breakout strategy and does not use martingale or grid mechanisms. Golden Tea Time MT5 only opens a pair of stop orders every day at leisurely English tea time, after possible market-moving news has already faded away. Once an order becomes a market order, the remaining stop order is deleted. However, the risk of a losing trade cannot be ruled out and is then limited to just $5/0.01 lot. In this case, the following day's trading can be assigned

298 USD

TRADECOPY MASTER MT4 Over the years I developed TradeCopy MT4/MT5 for that purposes: I'm running several experts on one and/or different terminals and accounts. The trades opened by those experts, usually will not move straight away into profit zone. Very often they use to pullback more or less before ending up in profit (or in loss finally...). Improvement of profits (and limit losses) by additional controlling of trades that your experts on the TradeCopy Master part have been opened can b

FREE

Gain Guard MT4 secures the profits of all or selected trades on one terminal or on several terminals with the same account number. The selection can be configured according to Magic numbers and/or symbols, so that the Magic numbers and/or symbols that are not selected remain unconsidered. What is it useful for? For example, when several experts trade on one terminal and manual trading also takes place. Experts have different strategies and SL/TP. In particular, some experts let the trades run

FREE

Gain Guard MT5 secures the profits of all or selected trades on one terminal or on several terminals with the same account number. The selection can be configured according to Magic numbers and/or symbols, so that the Magic numbers and/or symbols that are not selected remain unconsidered. What is it useful for? For example, when several experts trade on one terminal and manual trading also takes place. Experts have different strategies and SL/TP. In particular, some experts let the trades run

FREE

Triangle patterns are chart formations that signal a possible breakout in either direction. In the case of symmetrical triangles, the probability of a breakout to the upside or downside is about 50%. For more detailed information, I recommend the numerous publications on the Internet on this subject. What is special about this indicator is that it can be integrated into your own MT4 applications, such as scripts, Expert Advisers, etc. using the implemented indicator buffer via the iCustom() func

30 USD

Easy Open and manage your orders and positions – Calculate risk and lot size – Build your expert adviser from the integrated indicators – Trail your profits in various ways Key Features: Virtual Trading Lines: free changeable in any direction to build resistance, support, channels, triangles,… Order Types: Buy, Sell, Buy Limit, Sell Limit, Buy Stop, Sell Stop, OCO, Bracket Order Virtual Profit Trailing Strategies: Static, Percent, Exponential, Scaling up, Scaling down, Fifo, Bulk, Bollinger Ch

49 USD

TRADECOPY CLIENT MT4 Over the years I developed TradeCopy MT4/MT5 for that purposes: I'm running several experts on one and/or different terminals and accounts. The trades opened by those experts, usually will not move straight away into profit zone. Very often they use to pullback more or less before end up in profit (or in loss finally...). To improve the profits and avoid possible drawdowns of trades that have been opened by the accounts that are running the TradeCopy Master MT4/MT

49 USD

Symmetric Triangle Dashboard MT4 is a matrix that was designed to monitor any standard and/or custom indicator as well as symmetrc triangle patterns by any symbol-timeframe combination to be alerted if the desired contition is met. Furthermore by simply clicking on the selected signal, the refering chart becomes opened including the assigned indicator template if there was designed one. In "Custom" mode, user can add any indicator to scan its up to 7 timeframes per symbol to for example, get

49 USD

This indicator was developed by me, based on my experiences during my long term daily trading. It allows to get an excellent and compact overview about the current market situation without to have to monitor multiple charts. The default settings are widely used by traders. For example on sites like forexlive.com: https://www.forexlive.com/technical-analysis Features: The Moving Average Swiss Knife-like indicator for Daytraders Allows to setup of up to seven different MAs (MA and DEMA) to use on

30 USD

Triangle patterns are chart formations that signal a possible breakout in either direction. In the case of symmetrical triangles, the probability of a breakout to the upside or downside is about 50%. For more detailed information, I recommend the numerous publications on the Internet on this subject. What is special about this indicator is that it can be integrated into your own MT5 applications, such as scripts, Expert Advisers, etc. using the implemented indicator buffer via the iCustom() func

30 USD

Symmetric Triangle Dashboard MT5 is a matrix that was designed to monitor any standard and/or custom indicator as well as symmetrc triangle patterns by any symbol-timeframe combination to be alerted if the desired contition is met. Furthermore by simply clicking on the selected signal, the refering chart becomes opened including the assigned indicator template if there was designed one. In "Custom" mode, user can add any indicator to scan its up to 7 timeframes per symbol to for example, get

49 USD

Traders Swiss Knife MT5 operates and manages your trades at your fingertips – auto calculates risk and lot size – builds expert advisers from integrated indicators – trails your profits in various modes. Key Features: Virtual Trading Lines: free changeable in any direction or auto-placed by ZigZag indicator to build resistance, support, channels, triangles, wedges,… Order Types: Buy, Sell, Buy Limit, Sell Limit, Buy Stop, Sell Stop, OCO, Bracket Orders Virtual Profit Trailing Strategies: Stat

49 USD

TRADECOPY CLIENT MT5 Over the years I developed TradeCopy MT4/MT5 for that purposes: I'm running several experts on one and/or different terminals and accounts. The trades opened by those experts, usually will not move straight away into profit zone. Very often they use to pullback more or less before end up in profit (or in loss finally...). To improve the profits and avoid possible drawdowns of trades that have been opened by the accounts that are running the TradeCopy Master MT4/MT5 was

49 USD

Rescue Trader MT5 Rescue Trader isn't a Grid or Martingale Expert as each single trade is protected by fixed stoploss. Adding of new trades to existing trades are always entered on indicator pattern entry and not simple on fixed distances like Grid-/Matingale-Systems usually work. For additional protection, its drawdown recovery algorithmus closes particular trades that are profitable while at the same time closes older loosing trades in the way that in total that bulk closes in profit. Howev

69 USD

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Ocean 2024.02.07 19:57 #

Acurat , advanced, real, profitable EA with extra options (panel, user trade buttons). Excellent communication.