Gold Trailing Master
- Experts
- Version: 1.0
- Activations: 15
Gold Trailing Master is an advanced and efficient swing trading algorithm for GOLD (XAUUSD).
The algorithm is based on a two-level signal verification system. First, the bot analyzes the latest price changes, then generates a signal based on swings and historical patterns. A built-in volatility filter checks the reliability of the signal. Then a pending limit order is placed at a specified distance from the price. After a position is opened, the bot manages the position using a trailing stop, as well as stop loss and take profit. A position can also be closed by an opposite signal (by default this option is disabled in the settings).
Each position can be held from several hours to a day. In rare cases, positions can be held and managed for several days. Thanks to the fact that the system trades with limit orders from key levels, it is possible to trade with short stop losses and a good profit-to-risk ratio per trade. This also helps reduce slippage when opening trades.
Working chart timeframes from M5 to H1. By default, it is better to use H1.
Gold Trailing Master is not just another bot, but an advanced trading system that allows you to configure it for any trading style. You can use the default settings, which are already well optimized, or reconfigure the system (for professionals).
Description of settings blocks:
- Signals settings - basic settings that allow you to choose the trading direction, the trade closing style (by reverse signals), a time filter (by default it trades from 0 to 6 GMT, i.e. at night), and deletion of pending orders after the allowed trading time expires.
- Positions settings - allows you to choose a fixed lot or lot increase depending on the equity size. By default, the minimum lot of 0.01 is set.
- Money mamagement - controls the distance of limit orders from the price and the maximum number of open positions. By default, the system opens up to three positions (can be reduced to one). The maximum spread level is also set (do not trade when the spread is too high), as well as stop loss and take profit.
- Trailing stop settings - enables or disables the trailing stop, sets the minimum distance from the current price to the stop, as well as the minimum price step for trailing the stop.
The bot does not trade all the time. It has already been mentioned above that this is mainly night trading. It also selects signals, so trades may not open every hour, which is logical. This is a stable trading system that does not spam orders, but selects only quality trades. I trade with exactly the same settings that are set by default, on the H1 timeframe. Use this set to start with, and then you can optimize it as you wish. The system will work stably across a wide range of settings; you simply choose the options that are more interesting for you, but they will all be good.
With the current settings, the system trades with a high mathematical expectation (about 94% profitable buy positions and the same for sell positions). At the same time, you can limit risks by making the stop loss even shorter. The bot never averages positions and does not enter large drawdowns; this is its main advantage. If you were looking for something with similar characteristics, try my product.
