GoldCycle
- Experts
-
Gregory Hay
We are UK based systems developers and EA publishers. Over >20 years experience in Forex and Markets. Products are time tested and running in multiple live accounts.
Complete support for all customers and ongoing support. - Version: 1.0
- Activations: 5
The GoldCycle trading system represents a sophisticated approach to automated trading specifically tailored for a daily trade in the GOLD instrument.
Performance Signal: https://www.mql5.com/en/users/fxmanagedforexltd
Its core strength is its ability to dynamically adapt to market conditions by leveraging daily trading levels and a real-time view of the current volatility. By carefully analyzing market volatility, GoldCycle effectively determines Stop Loss and Take Profit levels that align with the current market environment. Additionally, trades are never held overnight, and all open positions or orders are closed by the end of the New York session.
This dynamic adjustment allows Stop Loss and Take Profit levels to contract during low volatility and expand significantly during periods of high volatility, as seen in recent months. This approach optimizes potential profitability while effectively managing risk. The system’s fully automated design enables traders to take advantage of a continually evolving strategy that responds to the market's underlying movements.
Additionally, GoldCycle steers clear of high-risk martingale or grid strategies, executing only one trade per day. It also provides an optional recovery function after a loss, allowing traders greater flexibility in managing their risk. Also it can run successfully on fixed risk with no increase. Designed to be compatible with prop firms, GoldCycle sets limit and entry orders based on the day’s high and low during the early European session, effectively navigating the risk thresholds established by these firms.
The system demonstrates impressive backtesting performance over extended periods with Real Tick Testing, confirming its resilience across various market conditions.
The system is default ready to backtest using GOLD 1-hour chart, assuming your broker is using GMT+2 with DST offset. For GMT0 and exness users, sets can be found in the comments section.
The system uses a % Risk for money management, automatically adjusting the lot size based on the placement of the stop loss. Therefore, in low volatility the lot size would increase as stop loss get closer to opening price level.
Features:
- Compatible with all brokers & not spread sensitive
- Does not trade over news
- The popular currency pair GOLD (XAUUSD)
- The robot opens orders every day
- Maximum number of trades per day = 1
- A tested product developed by skilled programmers
- Quick installation, no settings need changed, only risk
- Internal engine calculates volatility
- Excellent support that will assist you at every step
- Prop Set Files/ Risk advice provided
- All positions are protected by automatic Take Profit & Stop Loss
Parameters:
- Time When Data Starts - EA starts collecting Daily trade information
- Cancel/Close orders - EA will cancel close any pending/open orders
- Magic number- Can in case user has other Gold Trades open same time
- Stop Loss - is set as default, no need to change
- Trade Comment - User can have trade comment or disable
- Start Risk - The starting risk of the 1st trade
- Recovery Factor - Size of increase in % after loss
- Max Risk - The largest possible loss trade
- Spread or Range - The distance above the daily high-lo for order placement levels
- Use Trailing Stop - Whether to deploy Trailing stop or not - Not used by default
- Use Breakeven - Whether to deploy breakeven figure - Not used by default
How do I start:
- After purchase the EA, please send me a private message for manual
Information:
- Pair: XAUUSD
- Timeframe: H1
- Minimum lots: 0.01
- Platform: MetaTrader 5
- Minimum deposit:100
- Leverage: 1:10 up to 1:1000
- Type of account: Hedging, Netting, Zero, Cent, Micro, Standard, Premium or ECN
Updates:
The current version of this robot is 1.0. We provide all new updates for free and the most recent version is always available directly from the MT5 platform.
Backtest:
See comments section for prop testing & standard tests, and you can also run your own tests.
