Reverence Gold Ultimate EA
- Experts
-
Tom Seljakin
🥇🚀 Professional Forex & Crypto Solutions
We are a professional team of developers and market-making specialists with 12+ years of experience in the Forex and cryptocurrency markets. - Version: 6.1
- Mise à jour: 14 janvier 2024
- Activations: 5
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Reverence Gold EA is a multi-strategy trading system developed specifically for gold (XAUUSD). It combines several advanced trading approaches into one Expert Advisor, including improved versions of classic breakout, trend-reversal, swing-trading, and price-action strategies.
The EA is designed to identify different market opportunities and adapt to changing conditions. By combining multiple independent strategies, it aims to diversify trading opportunities and deliver a more balanced performance across different market environments.
Built on the foundation of the original Reverence EA, this enhanced version incorporates additional strategies and refinements intended to improve its trading logic, stability, and overall performance.
How Reverence Gold EA Works
The Expert Advisor continuously monitors the market and evaluates its built-in strategies on each new bar.
- Signal detection: The EA checks whether at least one of its trading strategies generates a valid signal.
- Market confirmation: It waits for the required market conditions before entering a trade.
- Pending orders: Once the conditions are met, the EA places pending orders with predefined stop-loss levels.
- Trade management: When an order is activated, the EA manages the position using its trailing-stop functionality.
Recommended timeframes: H4–D1.
Simple Setup and Configuration
Reverence Gold EA is designed to be straightforward to configure. Its default parameters are intended to provide a ready-to-use setup, so in most cases you only need to adjust a few settings, such as the Magic Number or your preferred money-management method.
The EA is also designed for ongoing development, with the possibility of additional settings and trading strategies being introduced in future updates.
Main Features
- Multiple integrated gold-trading strategies.
- Breakout, trend-reversal, swing-trading, and price-action approaches.
- Pending-order execution.
- Fixed stop-loss protection.
- Automatic trailing-stop management.
- Flexible money-management options.
- Configurable order identification.
- Recommended for higher timeframes (H4–D1).
Input Parameters
General Settings
- Comment: Custom comment attached to orders opened by the EA.
- Magic Number: Unique identifier assigned to the EA's orders, helping prevent interference with trades opened by other Expert Advisors.
Trade Management
- Stop-Loss: Fixed stop-loss distance in points.
- Trailing Start: Minimum profit in points required to activate the trailing-stop function.
- Trailing Stop: Distance in points between the current price and the stop-loss level.
- Trailing Step: Minimum price movement in points required before the trailing stop is adjusted.
Money Management
Choose the position-sizing method that suits your trading plan:
- Fixed Lot: Opens trades using a predefined lot size.
- Percent: Calculates position size based on a specified percentage of account balance.
- Balance per Lot: Determines position size according to your account balance. For example, setting $1,000 per 0.01 lot means a $6,000 balance would result in a 0.06 lot position.
Visual Panel
- Panel X Offset: Horizontal distance of the information panel from the chart edge.
- Panel Y Offset: Vertical distance of the information panel from the chart edge.
Recommended Broker
For the recommended trading environment, consider FXTM:
👉 https://forextime.com/?Referral=38370
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Risk Disclaimer: Trading gold and other financial instruments involves substantial risk. No Expert Advisor can guarantee profits or eliminate losses. Backtest and forward-test the EA on a demo account before using it with real funds. Use position sizing and risk limits appropriate to your financial situation.
