The Expert Advisor is specially designed for XAUUSD Gold.
Timeframe = H1
Attention, the Golden Ice Expert Advisor is a portfolio EA and may have periods of stagnation for more than a year.
Average number of transactions per month = 9
No martingale, no grid, no high risk strategies. All strategies used here are trend following and reversal.
The Expert Advisor was created for the period from 2003 to 2018. Further testing was carried out using the Forward Test to exclude the possibility of fitting the results.
All brokers are 5 digits and 4 digits.
The tactics were created for portfolio strategies, so the priority of work is not profit, but stability of work. This means that the worst thing that should be is long periods of stagnation, but not losses.
General usage information
The Expert Advisor was created specifically for Gold. Please look for a broker with the lowest gold spread. Ask your broker for the time frame when the broker widens the spread. Turn off the advisor during this period (otherwise you will receive a loss) To do this, set a time limit for trading in the advisor settings!
The strategy is based on Price Action.
The indicators are classic (time-tested) and are used only for calculating the placement of Stop orders.
Before running this advisor on your real account, test it on historical data, then run it for a few days on a demo account with the same balance as on your real account.
The recommended risk is 1% per trade. An increase in risk leads to an increase in profit, but also to a dangerous increase in the drawdown.
Money Management - Risk Fixed% Of Balance
mmRiskPercent = 1.0; It is recommended to use no more than 1% per trade.
mmDecimals = 2; Put the number "2" if you work in lots of 0.01 ... 0.09
mmLotsIfNoMM = 0.01;
mmMaxLots = 5.0;
Exit At End Of Day
ExitAtEndOfDay = false;
EODExitTime = "23:55";
----------- Exit On Friday -----------
ExitOnFriday = false;
FridayExitTime = "23:00";
Please check with your broker when the spread is widening and do not work at this time.
Limit Time Range ---
LimitTimeRange = false;
SignalTimeRangeFrom = "08:00";
SignalTimeRangeTo = "16:00";
ExitAtEndOfRange = false;
Be sure to use only free funds in Forex.
Remember: if there was profit in the past, this does not mean that there will be profit in the future!