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GoldFirst MT5

You must check the TimeZone of your Broker’s Server and the number of decimals Gold (XAUUSD) has on your Broker’s Platform (MT5)

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

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

INPUTS:

Time start | Time end 
These 2 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 2 | Time end  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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Price rules  :  Price increase 10USD by each positive review , however , price decrease 20 USD by each negative review , refresh by every 24 hours .  Paid Patreon daily analysis and discord channel  available   now .  All free channels check in my  profile here  .   Instruction : Here The best match with indicator :  Here Hello traders ,  This is JoanneYip and HusonChow from Hong Kong . We learnt building trading systems since 2016 and trade our own fund in the last 15 years . We ha
3 888 USD
Easy Neural Network MT5
Ismail Hakki Delibas
5 (2)
Expert Based on Artificial Neural Networks (ANN). The EA learns market patterns from past times and uses them to optimize later tradings based on the learned strategy. Read More About Neural Networks. Features :     More Easy and Fast Learning     Without Complicated input parameters.     All TimeFrames and Symbols Supported     No Need to Huge and Large Optimizations     Use Low Margin for Trading     Money Management Options     TP/SL/Averaging options     Trailing Stop, Break Even Op
975 USD
R Factor EA MT5
Raphael Minato
5 (4)
R FACTOR Multi Strategy Expert Advisor with Proprietary Dynamic Portfolio Management System After 4 years of development and more than    3    years  of real positive results , R Factor is available for MQL5 community! It has always been important for us that the strategies performed positively for the creator before it could be shared.     Skin In The Game  is essential to demonstrate the belief in the strategy and also to provide a continuous improvement of it. Anyone who has been in this
999 USD
Traders Toolbox
Jason Kisogloo
3 (2)
Traders Toolbox Premium is an All-in-One Tool created based on extensive training on common trading strategies in order to automate those strategies and calculations . (designed and programmed by Jason Kisogloo) Fe atures: 19 Individual Signals - Each one of these signals can be biased in a neural network style configuration to constitute the final / overall result. Each signal has its own settings to be customised or optimised if needed. Comprehensive On Screen Display - Six snap away Panels
5 000 USD
TripleH MTFive
INREXEA LIMITED
Price rules  :  Price increase 10USD by each positive review , however , price decrease 20 USD by each negative review , refresh by every 24 hours .  Paid Patreon daily analysis and discord channel  available   now .  All free channels check in my  profile here  . Instruction:Here Signal monitor : Here Our Ea Style :  We do not offer any trial version  We do not trust any backtest result  Please only use one EA in the same account  No .set file to make a fully Dynamic strategy to fit di
3 888 USD
The Forex Exchanger MT5
Fabio Cavalloni
5 (1)
All explainations about the strategy:  https://www.mql5.com/en/blogs/post/747470 Live signals:  Single instance of the EA:  https://www.mql5.com/en/signals/1416185 Multistrategy:  https://www.mql5.com/en/signals/1489462 Here I will explain only the EA inputs part. This EA will be consistently updated with new and unpredictable things that can bring its performance to a better level every day! Buying this EA you will not only got a powerful automatic trading system, but also all knowledge and e
899 USD
News Catcher Pro MT5
Valeriia Mishchenko
5 (15)
10 copies  out of 10 left  at $1300 Next price --> $1500 Price will be kept high to lower the number of users for this system! News Catcher Pro is a mean-reversion strategy that uses intraday seasonal volatility patterns caused by high-impact news events. It enters the market at a certain time shortly before a high-impact news event occurs . It does not trade frequently! Supported currency pairs: GBPUSD, EURUSD, EURGBP Recommended timeframe: M5 MT4 version can be found here EA is   FIFO com
1 300 USD
EA Monolith
Vasiliy Kolesov
5 (1)
EA Monolith EA monolith   is a fully automatic, multicurrency Expert Advisor designed for trading on the Forex market in the MT5 terminal on accounts with "netting" orders, "no hedge".  The EA has a function for closing all orders when a critical drawdown is reached, the size of which is set in the settings, which provides full protection of the deposit. This version of the Expert Advisor is configured to work on the gold spot tool. If your broker has two decimal places in quotes on the
990 USD
Fully automatic multicurrency trading machine MT5/4 The advisor's strategy is based on trading volumes and statistics of the movement of trading instruments, the author's trading method, which shows excellent results over the past 7 years Multicurrency testing since 2016 with 99.9% real ticks, testing was carried out on the MT5 platform, with all traded currency pairs at the same time. The Expert Advisor has three trading strategies with a smart dynamic lot, which depends on the load on the d
1 250 USD
Currency pair   XAUUSD . Timeframe   H1. Metatrader MT5 Absolutely  every trade  is protected by a stop loss! Live trading MT5 Depo = 200 usd Live trading MT5 Depo = 1000 usd Live trading MT5 Depo = 4000 usd The EA uses: - Classic indicators, time-tested, - Price action, - Time action. The EA does NOT use: grid, martingale. The EA opens a series of trades when signals from classic indicators, price action and time action coincide. The EA trades on a time-action basis and therefore does no
799 USD
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GoldFirst
Adrian Claudiu Filip
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 inte
790 USD
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