The operation of the Gold Ratio Expert Advisor is based on the perception of the market as an aggressive environment.
For this purpose, the code provides for the opening and closing of positions on the basis of practical trading following its own strategy and using Fibonacci levels.
Recommended for use on multiple pairs simultaneously!
- Purpose: automated trading in the Forex market with the MetaTrader 4 trading terminal (MetaQuotes Software Corp.), supports build 765 and higher!
- Trading strategy: market entry following its own strategy developed for the aggressive market.
- Expert Advisor type: depending on the settings - from Scalping to medium term trading.
Trading and Brokers
- The mechanism of the Expert Advisor is designed for any price movement.
- Good results are achieved when simultaneously used on multiple currency pairs.
- The EA can work on all kinds of accounts and all currency pairs.
- It is better to use the EA on a 5 minute chart with any currency pair for the scalper type trading and on 15 minute or 1 hour chart for medium term trading on multiple pairs simultaneously.
- You can start trading with $10 and the initial lot 0.01.
- Any broker, it does not play a special significance in the operation of the Expert Advisor.
- The algorithm of the Expert Advisor is based on John Bollinger's theory on Bollinger bands.
- Orders are closed by Take Profit and Fibonacci levels, which are calculated by the EA's own method.
- Money Management: Fixed lot with increment option.
- Used timeframe: М1, М5, M15.
- Indicator: standard - Bollinger bands built in the Expert Advisor code.
- Display of information: trade statistics and account statistics are displayed on the upper right corner.
- Installation: the Expert Advisor is installed in a selected folder of the MetaTrader 4 trading terminal.
- Trade settings: all parameters have default values for scalper type trading.
- Optimization: every tick. Optimization may be performed once in two months, that's enough.
- Lots - initial lot.
- LotsFactor - initial lot multiplier for increasing position volume, 0.0 - not used.
- Maxlot - the maximum volume of the position to open.
- NumberEvent -the number of the event, trade secret.
- Skip Bars - trade secret.
- StopLoss - 0 - not used.
- TakeProfit - 0 - not used.
- StopLevelFibo - the Fibonacci level where position is closed, 0.0 - not used.
- PeriodBands - the period of the Bollinger Bands indicator.
- DeviationBands - the number of standard deviations of the Bollinger Bands indicator.
- PriceBands - the price constant of the Bollinger Bands indicator.
- UseReverce - allows to use reverse trading.
- UseOrderBuy - allows to open BUY orders.
- UseOrderSell - Allows to open SELL orders.
- UseEcnAccount - allows to work on ECN accounts.
- Magic - the magic number of the Expert Advisor.