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GOLD Edge MT5

FREE

Published: 4 November 2021

Current version: 4.7

GOLD Edge MT5

Name: GOLD Edge MT5
Rating: 4.2985077 (67 reviews)
Author: Hideki Nakajima

4.3

Experts
Hideki Nakajima
Version: 4.7
Updated: 20 July 2024

GOLD Edge is the EA designed specifically for GOLD(XAUUSD)and can also be used on any financial instrument, and any pairs.

This EA trades trend-following using moving averages and multi-timeframe RSI. Use GRID trade.
This EA closes with the "DD Reduce" function when drawing down.
You can set trailing stop for "GRID trading" and "DD Reduce" function.

Additional trades can be made using the panel. These are automatically settled as GRID series.
You can also manually settle all transactions. You can also change Max Trades and Max Lot Size from the panel.

I recommend that you read here first. User GUIDE: https://www.mql5.com/en/blogs/post/750375

DD Reduce function:
It is a function to close the oldest order with bad profit and loss together with the latest profitable order.

Please be sure to read the GUIDE and FAQ before asking questions or using.

There are too many questions about not trading, or only engaging in sell-only or buy-only trades.
Please make sure to read the FAQ carefully.
(This EA does not trade indiscriminately; it analyzes the market before making trades)

The recommended setfiles are at the bottom of the GUIDE.

User GUIDE: https://www.mql5.com/en/blogs/post/750375
FAQ: https://www.mql5.com/en/blogs/post/757388 (also difference between GOLD Edge and GOLD Edge PRO)

I recommend reading the guide describing this EA first. setfile is also here.

Don't use the Setfile I attached in the comment. There is an error, so be sure to download it from the user guide.

User GUIDE: https://www.mql5.com/en/blogs/post/750375

Recommendations:

Time Frame M5 recommended.
AUDUSD:
Minimum deposit $1500.
XAUUSD:
Minimum deposit $3,000. Lot 0.01. (use .set file "lowrisk").
Recommended $6000 or more.
Other currency pair:
XAUUSD, AUDUSD (can also be used on any financial instrument, any pairs.

Pro Ver automatically fits other currency pairs.(Auto Distance Function))
setfiles is here. User GUIDE: https://www.mql5.com/en/blogs/post/750375

Settings & Setfiles:

Read about settings and set files here. User GUIDE: https://www.mql5.com/en/blogs/post/750375

FAQ:

If you have any questions, please read the guide and FAQ before asking.
Please ask the question in a message, not a comment.

Read the user guide & FAQ.

User GUIDE: https://www.mql5.com/en/blogs/post/750375
FAQ: https://www.mql5.com/en/blogs/post/757388

more...

pinuwe 2024.09.13 13:40 #

This bot is worth 5 stars, if there were more I would give more. One thing must not be forgotten: it is free, but you get very good support and that is really very rare. I have been using this bot for a long time and I use it to top up my pocket money every day. I invested a lot of time adapting it to my needs (3 months in the demo) and now it runs every day. I have set it up so that it closes all positions 98% of the time on its own.

515214 2024.09.13 11:00 #

This is a really good bot with very detailed documentation. Thank you for your work.

mee6262 2024.09.12 20:19 #

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Gold Edge Pro is the EA designed exclusively for GOLD (XAUUSD). It can also be used in other currency pairs. This EA trades trend-follow using the moving average and multiple time frame RSIs. Use GRID trade. News filters are available. This EA closes with the "DD Reduce" function when drawing down. You can set trailing stop for "GRID trading" and "DD Reduce" function. Additional trades can be made using the panel. These are automatically settled as GRID series. You can also manually settle

199 USD

Innovative Trading Strategy with Expert Advisor (EA) Developed based on years of expert trading experience, this EA is not just another grid system. Utilizing multi-timeframe analysis with D1 and H1 moving averages, combined with RSI Bollinger Bands, it adeptly captures market trends and identifies prime trading opportunities. This EA chooses safer timing, so the number of trades is significantly less than that of GOLD Edge and GOLD Edge PRO. DD Reduce Function for Assured Risk Management Equi

179 USD

GOLD Edge is the EA designed specifically for GOLD(XAUUSD)and can also be used on any financial instrument, and any pairs. This EA trades trend-following using moving averages and multi-timeframe RSI. Use GRID trade. This EA closes with the "DD Reduce" function when drawing down. You can set trailing stop for "GRID trading" and "DD Reduce" function. Additional trades can be made using the panel. These are automatically settled as GRID series. You can also manually settle all transactions

FREE

This indicator shows the direction of the trend and trend change. Ganesha Trend Viewer is a trend indicator designed specifically for gold and can also be used on any financial instrument. The indicator does not redraw. Recommended time frame H1. Ganesha Trend Viewer is perfect for all Meta Trader symbols. (currencies, metals, cryptocurrencies, stocks and indices..) Parameter setting MA Short Period ----- Moving Average short period MA Long Period ----- Moving Average long period Alerts ON

FREE

This indicator shows the direction of the trend and trend change. Ganesha Trend Viewer is a trend indicator designed specifically for gold and can also be used on any financial instrument. The indicator does not redraw. Recommended time frame H1. Ganesha Trend Viewer is perfect for all Meta Trader symbols. (currencies, metals, cryptocurrencies, stocks and indices..) MT5 Version here! Parameter setting MA Short Period ----- Moving Average short period MA Long Period ----- Moving Average l

FREE

Filter:

pinuwe 2024.09.13 13:40 #

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Reply from developer Hideki Nakajima 2024.09.14 10:11 #

Thank you for your review.

515214 2024.09.13 11:00 #

This is a really good bot with very detailed documentation. Thank you for your work.

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Reply from developer Hideki Nakajima 2024.09.14 10:11 #

Thank you for your review.

mee6262 2024.09.12 20:19 #

good

39449

Reply from developer Hideki Nakajima 2024.09.14 10:11 #

Thank you for your review.

Mrungehalten 2024.09.01 15:45 #

Very nice Bot

39449

Reply from developer Hideki Nakajima 2024.09.14 10:10 #

Thank you for your review.

180

Willi Bambach 2024.07.30 16:33 #

I like that bot a lot. One has to keep in mind that its for free - so you have to adjust the set-file a little bit. Thank you for your generosity Hideki.

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Reply from developer Hideki Nakajima 2024.09.14 10:10 #

Thank you for your review.

AnanyaKongsak 2024.07.25 17:04 #

thanks

39449

Reply from developer Hideki Nakajima 2024.09.14 10:09 #

Thank you for your review.

BigLeiLei 2024.07.18 17:29 #

nice!!

39449

Reply from developer Hideki Nakajima 2024.09.14 10:07 #

Thank you for your review.

141

Eddy Bang 2024.07.04 15:18 #

Garbage

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Reply from developer Hideki Nakajima 2024.09.14 10:08 #

I think you probably misunderstood the guide or FAQ and used it with the wrong interpretation. It's unfortunate.

Dominus 2024.05.24 13:17 #

Thanks for this EA. I used to use a similar strategy in profit trailer to reduce DD/risk. Now that I can't use PT anymore this is a joy to use, compared to normal dumb grid systems.

39449

Reply from developer Hideki Nakajima 2024.05.24 16:49 #

Thank you for your review.

236

Ramadan Mohamed Ramadan Mohamed 2024.05.19 10:46 #

Great EA . small draw down and big profit

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Reply from developer Hideki Nakajima 2024.05.19 10:58 #

Thank you for your review.

Nicolas Vaillancourt 2024.05.12 05:52 #

Must be good, but never got it to work. The test worked, but never live. Kept saying Trading stop by user and never found how to fox it.

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Reply from developer Hideki Nakajima 2024.05.12 07:45 #

It should work without any problems during LIVE. We may not be able to trade depending on market movements, so we would appreciate it if you could check the FAQ and review it again correctly.

emiliopassoshurtado 2024.05.10 15:27 #

thank

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Reply from developer Hideki Nakajima 2024.05.10 15:30 #

Thank you for your review.

158

Luckyoung Choe 2024.05.05 15:55 #

Been using this EA for a while now about a month. If you use high lots you will blow your account. You need enough funds in there and run it on low risk. If using high risk then withdraw regularly and be ready to blow your account. Im renting PRO version before i purchase it $30 for 1 month is quite cheap.

39449

Reply from developer Hideki Nakajima 2024.05.05 16:15 #

Thank you for your review.

1364

Seth Tetteh 2024.04.25 11:13 #

wicked

39449

Reply from developer Hideki Nakajima 2024.04.25 14:08 #

Thank you for your review.

Eventual Chi 2024.04.19 00:51 #

User didn't leave any comment to the rating

39449

Reply from developer Hideki Nakajima 2024.04.19 04:51 #

Thank you for your review.

handsy clarke 2024.04.17 18:10 #

User didn't leave any comment to the rating

105

Trader Slatt 2024.04.15 17:48 #

The writer is a greedy cunning. I gave a tip about Ea. If this EA is set to a daily profit limit option of 10-30 dollars per day, it will become an EA that can be used with small balances throughout life. I told this to the author and he said he will go and put it in the PRO version. Don't use a greedy author's ea.

mirg guc 2024.03.28 19:00 #

The Trail Stop setting is too small: min 250 why can't I find how to change it because it doesn't work for me?!

Can you help me please

39449

Reply from developer Hideki Nakajima 2024.04.18 01:59 #

Thank you for your review. Trail stops can be changed. Read the guide. If you don't understand, please private message me.

372

Rene Kaufmann 2024.03.17 14:19 #

Awesome EA!!!! I have it on a live account,( Daerwin X) for about a week 11 trades 11 winners $164 profit. I would love to see what PRO EA can do.

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Reply from developer Hideki Nakajima 2024.04.18 01:57 #

Thank you for your review.

namkun994 2024.03.16 06:12 #

The bot operates very well on currency pairs. Can the bot run simultaneously on two currency pairs?

39449

Reply from developer Hideki Nakajima 2024.04.18 01:55 #

Thank you for your review. You can do it by separating the chart and magic number.
.

1 2 3 4

Version 4.7 2024.07.20

minor update.

Version 4.6 2024.05.19

Minor logic improvements

Version 4.5 2024.05.03

Improved trading logic.
Added explanation to parameters.
Fixed a few bugs.

Version 4.4 2024.04.04

Fixed bug in panel function.

Version 4.3 2024.04.03

Fixed a bug where the price display on the panel was not updated.

Version 4.2 2024.03.31

Improved default values
Minor bug fixes

Version 4.1 2024.03.13

Removed “Margin Limit” Filter function.
Instead, it is equipped with a "Minimum Free Margin" Filter function.
(Free Margin / Accout Balance)% If Free Margin is less than this percentage, no new trades will be executed.

Version 4.0 2024.03.11

Fixed a bug where an alert would appear when using the previous setfile.

Version 3.9 2024.03.09

Add Margin Limit Filter.
&fixed some bugs.

Version 3.8 2023.05.05

minor update

Version 3.7 2023.05.01

minor update

Version 3.6 2023.05.01

・minor logic update.
・Added function "Auto Distance by ATR". (PRO only)
I recommend setting this to "true".

Version 3.5 2023.04.23

minor update.

Version 3.4 2023.04.23

minor update.

Version 3.3 2023.02.23

Change panel layout.
Improving response of manual operation.

Version 3.2 2022.11.12

Fixed a bug that SL and TP could not be set depending on the broker.

Version 3.1 2022.11.07

Fixed a bug that TP may not be entered when trading from the panel.

Version 3.0 2022.11.06

Fixed several bugs with panels and orders.
Fixed some customer reports. Thank you dear customer for your report.

Version 2.9 2022.10.16

minor update

Version 2.8 2022.10.15

Made it possible to change the order comment.

Version 2.7 2022.10.01

Fixed bug in manual mode

Version 2.6 2022.09.29

Fixed display bug of Non-Trade Time

Version 2.5 2022.09.24

minor update.

Version 2.4 2022.09.23

Improved the color when pressing the pause button.

Version 2.3 2022.09.23

small bug fix.
miner update.

Version 2.2 2022.09.05

Logic improvement

Version 2.1 2022.08.28

Added the following parameters.
・Stop loss
・Trend Reversal Loss Cut
・Equity Percent(%) Loss Cut

Version 2.0 2021.12.11

- minor updated

Version 1.9 2021.12.03

- minor updated

Version 1.8 2021.11.30

fixed a little bug

Version 1.7 2021.11.28

- Added “Use Time Filter” Parmeter.
- Added “Day of the week to trade” Parameter.

Version 1.6 2021.11.26

- DD reduce Bug Fix.
- Added “Start Lot Multiply Count” parameter.

Version 1.5 2021.11.24

- minor updated

Version 1.4 2021.11.23

- minor updated

Version 1.3 2021.11.20

Added Parameter
　 MA(Moving Average) filter parameter
　& RSI filter parameter

Version 1.2 2021.11.05

- optimised parameters
- minor updated