It seems that version 11.22 has been sensitive to some brokers and had clients losing money or high drawdown on 9 November.
I worked hard to release new version 11.33 to powerfull improve EA's performance with lower risk.
Gold has very high volatility, so you need to reduce your risk (reduce lot size) and have a large enough account balance to survive extreme market times with EA.
I suggest setting EA to trade with 0.01 lots for every 1000 USD or 2000 USD for low risk and low drawdown (or Auto Lot = 0.5 to 1.0). With the high volatility of Gold, the small lot size can also be profitable to meet your expectations.
I added a Distance limit for new orders setting to limit orders that appear consecutively, which reduces the risk for the account. Of course, a decrease in the number of orders leads to a decrease in potential profits.
Distance limit for new orders = 0 will prevent EA from opening new orders.
Distance limit for new orders = 80 the EA will work similarly to old version 10.0.
My personal opinion is to set Distance = 0 to reduce risk.
Expert Advisor Golden Code analyzes RSI, ATR, Momentum, Trend, and Money Flow to identify high quality signals. This EA is specifically designed for XAUUSD (Gold).
If you do not have experience using EA, you should use the Default Setting with initial capital from $ 500 (better $ 1000)
|Max Spread||= 25 to 35|
|Fix Lot||= 0.0 (Auto Lot activated); Fix Lot > 0 (your lot size)|
|Auto Lot||= 1.0 (mean auto lot size = 1 lots per $100,000 balance, or 0.01 lots per $1,000 balance...)|
|% Trend Strength||= 100|
Time frame: any time frame. Use VPS with low latency (<20ms).
Use EA with ECN or Raw spread accounts and allow hedging. Min Balance: $ 500
Stops Level = 0 (check the Stops Level by: Press Ctrl + U, select currency pair, click Properties and Stops Level on the 3rd line)
Do not use this EA with another EA on the same account. Do not make deposits or withdrawals while the EA has open positions.
Download history before backtest (Press F2, find currency pair, then Download). Backtest with model: Every tick.
* Do Not backtest while EA has open trading orders. If you need backtest during that time, please use another MT4 Terminal. Because the information (press F3) stored under your live account can be replaced by information from tester when backtest.
* EA only works with Gold (XAUUSD)
* Use EA with a broker with 2 decimal places for Gold, for example 1989.68
If you are on version 11.33, you do not need to upgrade to this version 11.99.