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Golden Bull Wave Trader

This EA is a unique approach to Gold day/swing trading.

The objective of the strategy is to:

  • Identify ideal and repeatable trade entries with high level of certainty
  • Create a day trading strategy which doesn’t require a hard SL and TP
  • Use alternate risk management mechanism instead
  • Visualize and auto manage trades based on S/R
  • A trade management solution that can be applied to any trading pair

Please also install the free custom indicator: FibonacciVPT

https://www.mql5.com/en/market/product/56294

Features

  • Optimised for: XAUUSD - Timeframe: 5 min
  • Trade management (buy only)
  • Works with any Broker
  • Indicates possible bullish and bearish reversals
  • Strategy to mitigate against volatility
  • Identifies cycle stage using color coded arrows:
  1. purple - bearish
  2. blue - intermediate
  3. pink - bullish
  4. orange - high-risk (no algo trade)
  5. red - possible bearish reversal

Parameters
  • CandleSizeOpen/close difference in previous candle; used for volatility protection
  • CandleCloseNumber of candles that close below support before exiting trade
  • AutoCloseProfit - Custom take profit enabled/disabled
  • NotifyOpenClose - Send notification enabled/disabled
  • Lots - Fixed trading lot
  • SL - Stop loss in pips (optional)
  • TP - Take profit in pips (optional)










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4.29 (35)
This expert is based on patterns The main patterns of this specialist are candlestick patterns Detects trends with candlestick patterns It has a profit limit and a loss limit, so it has a low risk The best time frame to use this expert is M30 time frame The best currency pairs to use with this expert is the EURUSD, GBPUSD, AUDUSD, USDCAD currency pairs The price will increase by 100$ after every 10 purchases! Final price 2450$ Get a 50% bonus by buying (or even renting) any of our product
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This plots  Fibonacci deviation levels above and below a moving average of the price. Companion indicator to the " Golden Bull Wave Trader "  expert advisor which uses volume\price trend to determine price reversals. https://www.mql5.com/en/market/product/56291 The expert advisor and this indicator were created in order to: Identify ideal and repeatable trade entries with high level of certainty Create a day trading strategy which doesn’t require a hard SL and TP Use alternate risk management me
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Version 1.12 2020.11.10
Improve signals
Version 1.11 2020.11.02
Signal upgrades
Version 1.10 2020.11.01
Improve signals
Version 1.9 2020.10.31
Improve buy signals
Version 1.8 2020.10.30
Improvement to sell signal
Version 1.7 2020.10.28
Signal improvements
Version 1.6 2020.10.24
Improve high risk trade detection
Version 1.5 2020.10.23
High risk trade improvements
Version 1.4 2020.10.22
Include take profit signal
Version 1.3 2020.10.22
Added extra trade alert category
Version 1.2 2020.10.20
Include bull cross signal
Version 1.1 2020.10.17
Improvements to buy signals