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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


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.


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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ADAM EA Special Version for FTMO Our 1st EA created using ChatGPT technology Trade only GOOD and checked PROP FIRMS  Default parameters for Challenge $100,000 Tested on EURUSD and GBPUSD only  Use 15MIN Time Frame Close all deals and Auto-trading  before Weekend at 12:00 GMT+3  Friday For Prop Firms MUST use special Protector  https://www.mql5.com/en/market/product/94362 Signal using ADAM  https://www.mql5.com/en/signals/2190554 -----------------------------------------------------------------
2 500 USD
News Catcher Pro MT5
Valeriia Mishchenko
5 (15)
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 compatible To backtest the EA you should download the news events data file ' NewsEvents.txt ' and copy it to the common MT4/5 dir
2 600 USD
Bonnitta EA MT5
Ugochukwu Mobi
3.11 (18)
Bonnitta EA se basa en la estrategia de posición pendiente ( PPS ) y un algoritmo de negociación secreto muy avanzado. La estrategia de Bonnitta EA es una combinación de un indicador personalizado secreto, líneas de tendencia, niveles de soporte y resistencia ( acción del precio ) y el algoritmo comercial secreto más importante mencionado anteriormente. NO COMPRE UN EA SIN NINGUNA PRUEBA CON DINERO REAL DE MÁS DE 3 MESES, ME TOMÓ MÁS DE 100 SEMANAS (MÁS DE 2 AÑOS) PARA PROBAR BONNITTA EA CON DI
5 500 USD
Darwin Evolution MT5
Guillaume Duportal
4.61 (57)
Evolución de darwin -30% Promotion !! 1490 USD a 990 USD Tiempo limitado (Oferta válida hasta la llegada de la siguiente actualización, no pierda tiempo) !! ¡No puedes hacer el respaldo de este EA !! Descripciones: - Comprender la operación, venga y lea el blog (este EA refleja mi filosofía del comercio de divisas ... Si te gusta mi camino para ver las cosas, entonces te gustará mi EA. Tómese el tiempo para hacerlo !! (Forex no es una carrera): https://www.mql5.com/en/blogs/post/74
999 USD
Juan Perez Pereira
4.5 (4)
ORACULUM - El Asesor Experto Revolucionario para el Par XAUUSD Trading Automatizado Inteligente y Seguro Bienvenidos a la presentación de ORACULUM, su próximo aliado indispensable en el mundo del trading automático. ORACULUM no es solo un Asesor Experto, es la culminación de innovaciones avanzadas y estrategias de trading efectivas, especialmente diseñadas para el par de divisas XAUUSD (Oro). Estrategia Dual de Última Generación: ORACULUM se distingue por su enfoque híbrido, fusionando dos est
999 USD
Trader Station MT5
Gennady Sergienko
5 (1)
Trader Station: A wave expert using bitwise analysis of an array of price data, confirmed performance by a real account since 2019; SIGNAL -  https://www.mql5.com/en/signals/1667614 Back Testing the Expert: By default, the settings that are included in the SET 1; Only for   EURUSD M5 ; Settings LOT - set the required lot size or select AUTO RISK; RISK AUTO - quick risk selection or select manual risk entry; custom value RISK - entering a custom risk value; Expert ID - enter the Expe
1 800 USD
Microlab Exp is a trending analytical bot. An expert system based on geometric virtual pattern algorithms specially designed for time series. For this version of the Expert Advisor to work, there is no need to download any indicators or additional products, the bot is an independent finished product. Microlab Exp is a tool for trading in the foreign exchange market. The minimum recommendation is $1000. While the recommended minimum deposit is between $1,000 and $10,000 for one currency pa
1 299 USD
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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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