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GoldFirst

You must check the TimeZone of your Broker’s Server and the number of decimals Gold (XAUUSD) has on your Broker’s Platform (MT4)

If your Broker offers Gold (XAUUSD) with 2 decimals => leave the default settings for TradingSettings fields from inputs

If your Broker offers Gold (XAUUSD) with 3 decimals => add one 0 for all TradingSettings fields from inputs

INPUTS:

Time start hour 1 | Time start minute 1 | Time end hour 1 | Time end minute 1
All these 4 inputs are used for creating a time interval (hour and minute) in which the EA will work
Important! If a trading cycle starts before the ending time then the EA will keep working (placing trades) until it reaches the TakeProfit level or the Stop Loss level (even if this means it will trade after the ending time)

Use second time period

Set on true if you want to add a second time interval of the day in which to trade

Time start hour 2 | Time start minute 2 | Time end hour 2 | Time end minute 2
The values for the second time interval. They will be active ONLY IF you will set the Use second time period input on true

Noise, points
The points a price has to move (up or down) so we can consider the move as a valid swing. We do not take into consideration price moves smaller than this when opening a new Trading Cycle.

Start price, points
The points that are calculated from a price Local Low or Local High where the 1st trade of a Trading Cycle will be placed.

The higher the value, the safer the strategy will be and the fewer trades you will get.

This should always be greater than Noise

Step, points
The distance (in points) that has to pass from the previous trade within the current Trading Cycle.


TakeProfit, points

The distance (in points) that a current swing will have to reverse in order to close all trades of that Trading Cycle.

StopLoss, points 
The distance (in points) that a current swing has to develop in order to close all trades of that Trading Cycle. 


Initial lot

The trading volume of the 1st trade of a Trading Cycle should have


Lot multiplier

The multiplication factor is taken into consideration for calculating the volume of the next trade. If trade nr 1 of a Trading Cycle will have the volume of 0.01 lots and the Lot multiplier is set on 2, then the 2nd trade of that trading cycle will have a volume of 0.02 lots.

RISKS

Broker Risks
Executing trades with large slippage
Having large spreads and swaps that can eat up a good chunk of your profits
How to avoid: 
choose a broker with high leverage, low spread (< 3 pips), no commission


Trading funds Risks: 

Not having enough money for the input values that are set ( the strategy will want to open a new trade and will have no available funds)

How to avoid: 
start with the recommended amount of money


Strategy risks

The main risk that is 100% coming from the strategy itself (if inputs values are set correctly) is that something that has not been seen before in gold price action will happen.
GoldFirst has some recommended input values that are based on the historic price action of gold. If a gold price move will be extended like never before (in recent history) then will hit your StopLoss value and will create a large loss in your account.
How to avoid:
Don’t trade during important news days (there is an economic calendar you can follow)
Choose to trade/not to trade when unexpected news happen (covid burst, financial crisis, war, wheather dissasters etc) 

Respect the input values 


Human error risks
Changing the time frame while the EA is running
Setting input values that will result in losses
How to avoid:
Pay great attention to all aspects when setting up and laughing
Check the bot a few times a day


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I am pleased to introduce my latest development - a revolutionary achievement in the field of automated trading. The Legend Expert combines the capabilities of the "Investment Innovator" Expert with the unique features of nuclear matrix norm (NNM) and QML. Unlike its predecessor, The Investment Innovator Expert, this new system delivers more accurate results and significantly enhances performance.The core concept of Nuclear Norm Maximization Method (NNM) lies in improving precision in novelty e
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Prop Firm Pac Man
Tshivhidzo Moss Mbedzi
Tired of facing challenges and hitting those frustrating max loss limits with prop trading firms? Say goodbye to those worries and welcome success with open arms, thanks to the PROP FIRM PAC-MAN. This exceptional trading bot is your ultimate solution, designed to excel in both live and prop firm trading environments, including FTMO and more. Robot Performance: A Game-Changer PROP FIRM PAC-MAN stands out from the crowd, ranking among the top expert advisors for its remarkable approach to handling
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Valeriia Mishchenko
4.6 (5)
EA has high-performance live track records of different set files: XAU Risky Vol XAU Balanced Vol XAU Balanced MT5 version can be found here Golden Pickaxe is a mean-reversion grid trading system that uses machine learning technology to place high-profit potential trades on the Gold market. It uses real market inefficiencies to its advantage to have an edge over the market. The EA has 5 predefined set files, which are essentially 5 different trading systems on gold . You may choose the def
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Vladimir Khlystov
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Bancomat   The Expert Advisor does not require setting and optimization of parameters. At the same time, the advisor trades on 20 currency pairs. The principle of trading is hedging (transaction insurance). Thanks to this principle, the EA does not go into large drawdowns. Regulation of profitability is achieved by changing the lot. The minimum recommended deposit is from 500 usd with a lot of 0.01. At the same time, the expected profit will be 7-15% per month. The rest of the parameters can be
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Darwin Evolution MT4
Guillaume Duportal
4.82 (11)
Darwin EVOLUTION promotion !! 1490 USD to 990 USD Limited time (Offer valid up to arrival of the next update, do not waste time ) !!! You can not make Backtest of this EA, because MT4 does not handle the simultaneous multi-pairs. Darwin needs the 28 pairs for the calculation of the indicators !! Descriptions: - To understand the operation, come and read the blog (this EA reflects my philosophy of forex trading ... If you like my way to see things, then you will like my EA. Take the
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Professional expert Effect Trader analyzes the market using a special algorithm. The basic principle is that the bot takes the indicated prices for a certain period of time and calculates the strength and amplitude of the price by checking it with its own indication system based on actual data. The moment is fixed when the trend loses strength and reverses, and then the previous series closes and a new one is prepared. The bot also analyzes its own overbought/oversold signals in its algorithms.
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Darwin Swing MT4
Guillaume Duportal
4.77 (13)
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MagicIshimoku
Evgeniy Zhdan
The trading robot works on the basis of determining price consolidation zones due to three overlapping Ishimoku indicator readings with different settings according to the Golden Ratio number. This analysis method allows you to predict price movement with high accuracy. Each position has Stop Loss and Take Profit. Each position is controlled by a short trailing stop. Recommended trading tools, 5m: EURUSD, GBPUSD, USDJPY, USDCAD. Settings: MaxRisk - Percentage risk for the calculation of the t
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Nas100 Scalping EA
Moustapha Boulouz
5 (2)
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Price Action Gold MT4
Evgenii Aksenov
5 (1)
We present to you Price Action Gold EA - progressive Expert Advisor that changes the way Gold is traded, the most popular tool in the forex market. Our vast experience in trading and programming since 2004 helped us to create at unbeatable Price Action Gold Expert Advisor to change your way of trading. After purchase   Price Action Gold EA     you can get additional Expert Advisor for free.  MT5 version:   CLICK HERE The real signal #1:   CLICK HERE The real signal #2: CLICK HERE Only a few
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Bonnitta EA
Ugochukwu Mobi
3.6 (20)
Bonnitta EA  is based on Pending Position strategy ( PPS ) and a very advanced secretive trading algorithm. The strategy of  Bonnitta EA  is a combination of a secretive custom indicator, Trendlines, Support & Resistance levels ( Price Action ) and most important secretive trading algorithm mentioned above. DON'T BUY AN EA WITHOUT ANY REAL MONEY TEST OF MORE THAN 3 MONTHS, IT TOOK ME MORE THAN 100 WEEKS(MORE THAN 2 YEARS) TO TEST BONNITTA EA ON REAL MONEY AND SEE THE RESULT ON THE LINK BELOW. B
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