Market / MetaTrader 4 / Experts /

Gold excavator

7 purchases per month

250 USD

Demo downloaded: 59

Published: 3 April 2024

Current version: 3.60

Gold excavator

4.67

Experts
Tran Thi Thu Huyen
Version: 3.60
Activations: 11

GOLD EXCAVATOR is an EA that trades Gold on the 1H timeframe. The robot uses the DCA strategy. DCA orders are not opened by the pipstep coefficient like other EAs, but they only open orders when the strategy's conditions are met and are specially optimized for the XAUUSD pair. This makes your account more secure and keeps DD low.

THE REQUEST

Pair: XAUUSD.

Minimum deposit $500

Time frame: H1. Use VPS with low latency (<20ms).

Use the EA with an ECN or Raw spread account and enable hedging.

Download history before checking again (Press F2, find currency pair then Download). Backtest with sample: Every tick.

SETTINGS

Lot = 0.01
Multiplier = 2
Take profit = 5
Magic number = 123456
Slippage = 3
Show info to chart =
Use Trailing = true
Trailing start = 25
Trailing distance = 15
News filter = true
Minutes after news = 60
Minutes before news = 60
Comment = Gold excavator

Note:

EA uses news filter. Therefore, the backtest results do not fully reflect the actual performance of the EA.
To set news filter, add link in options section ( Link here: https://ec.forexprostools.com/?columns=exc_currency,exc_importance&amp;amp;amp;importance=1,2,3&calType= week&timeZone=15&lang= 1 )

more...

782

apprenticepress 2024.04.12 23:25 #

Very pleased so far, 100% wins on demo and more recently live. Thank you Tran Thi Thu Huyen so much for developing. -john

365

Bernardo Rippe Di Dio Castagna 2024.04.09 14:45 #

Update 2 (4 Week test): The lack of trend, hour, and functional news filter may kill this bot easily. Is recommended to reduce multipler to 1.3 or 1.5. First losing day on an emergency manual close.

Low Spread account ECN: Good and stable results

Zero Spreads: Heavy losses (Iconicly DON'T USE ZERO SPREAD ACCOUNTS!)

Cent: 4 trades with low drawdown and good profit

Update 1 (2-week test): I think this bot handles gold pretty well, I tested plenty of EAs in the past and this one looks really good after 2 weeks of testing.

After testing this EA for a few days, I like the strategy it employs. The bot is not excessively active or aggressive and instead waits for significant movements of XAU (filtering news if enabled) to enter trades following the trend.

It then attempts to add more martingale trades on the pullback to close with 1-4 trades in profit without engaging in overtrading (Which is my biggest problem with the martingale/grid bots). I hope the developer will continue to add more features to this bot, as there is a lot of potential for it.

335

Yulia_7890 2024.04.08 19:04 #

Hi,I’ve just bought an EA,what are the best settings for gold trading?thanks

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Filter:

782

apprenticepress 2024.04.12 23:25 #

Very pleased so far, 100% wins on demo and more recently live. Thank you Tran Thi Thu Huyen so much for developing. -john

710

Reply from developer Tran Thi Thu Huyen 2024.04.13 00:53 #

Thanks

365

Bernardo Rippe Di Dio Castagna 2024.04.09 14:45 #

Update 2 (4 Week test): The lack of trend, hour, and functional news filter may kill this bot easily. Is recommended to reduce multipler to 1.3 or 1.5. First losing day on an emergency manual close.

Low Spread account ECN: Good and stable results

Zero Spreads: Heavy losses (Iconicly DON'T USE ZERO SPREAD ACCOUNTS!)

Cent: 4 trades with low drawdown and good profit

Update 1 (2-week test): I think this bot handles gold pretty well, I tested plenty of EAs in the past and this one looks really good after 2 weeks of testing.

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Reply from developer Tran Thi Thu Huyen 2024.04.16 15:11 #

Thank you for your review, I will try harder to make this bot more and more perfect

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Yulia_7890 2024.04.08 19:04 #

Hi,I’ve just bought an EA,what are the best settings for gold trading?thanks

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Reply from developer Tran Thi Thu Huyen 2024.04.09 02:51 #

To see the best settings, please see the Setting section in the EA description. Thanks

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Nguyen Thanh Phong 2024.04.08 14:26 #

User didn't leave any comment to the rating

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Reply from developer Tran Thi Thu Huyen 2024.04.08 14:49 #

Thanks sir