Onyx Simple MT4
- Experts
- Version: 1.0
- Activations: 10
"Onyx Simple MT4" is a simplified version of the "Onyx MT4" expert advisor with minimal settings. This advisor is designed for trading XAUUSD (gold) during breakouts of daily levels on the MetaTrader 4 platform. The strategy is based on automatically determining the previous day's high and low, for which Buy Stop and Sell Stop pending orders are placed. Each trade is accompanied by a stop-loss, take-profit, and trailing stop, which dynamically moves the protective level along with the price.
To test the advisor, be sure to enter the "+" "-" GMT difference parameter. When trading on a demo or live account, this parameter is determined automatically.
How to calculate the "GMT difference," what the "Risk Management Info Panel" displays, and how to select the leverage-to-deposit ratio can be found here:
To trade on a demo or live account, simply install the EA on the XAUUSD (gold) chart with any timeframe and default settings.
- Instrument: XAUUSD (gold)
- Timeframe: H1 (can be set on any timeframe chart)
- We recommend using a broker with low spreads.
- Minimum deposit: $150 (with leverage of 1:100)
Attention traders who have already purchased the "Onyx MT4" EA: the "Onyx Simple MT4" EA does not have any new parameters; on the contrary, it is a lightweight version. Therefore, there is no point in purchasing it.
Risk Warning:
Past results do not guarantee future returns. Please test the EA thoroughly on a demo account before using it on a live account. Do not trade with funds you cannot afford to lose.
Past results do not guarantee future returns. Please test the EA thoroughly on a demo account before using it on a live account. Do not trade with funds you cannot afford to lose.
