Expert Advisor Golden Lotus is an auto trading EA exclusively for Gold market (XAUUSD). The EA uses a scalper strategy in overbought, oversold, or extreme price swings and reversals. Scalping strategies often take small profits and exit the market quickly, combined with advanced auto-trading algorithms for high probability trades.
All trading orders have Stop Loss, Take Profit. EA applies Trailing to close positions to optimize performance.
EA has been optimized with simple settings and easy to use. If you do not have experience using EA, you should use the Default Setting with initial capital from $300.
|Max Spread||= 25 to 60 (Must be higher than the average spread of the pair)|
|Fixed Lot||= 0.0 (activated Auto Lot); Fixed Lot > 0 (your manual lot size)|
|Auto Lot||= 2 to 5 (= 1 mean auto lot size = 1 lots per $1,000,000 balance, or 0.01 lots per $1,000 balance...)|
|Take Profit||= 1000 (points)|
|Stop Loss||= 3000 (points)|
|Use Trailing||= True|
|Trailing||= 15 (points)|
|Start Trailing||= 55 (points)|
|Start Hour||= 1|
|End Hour||= 23|
|Magic Number||= your number|
* If you set Fixed Lot > 0, the EA will trade with Lot Size = Fixed Lot (if Fixed Lot is a valid lot size).
* If you set Fixed Lot = 0 and Auto Lot > 0, the EA will calculate the Lot Size according to the value of Auto Lot.
Pairs: Gold (XAUUSD). Time frame: M5. Use VPS with low latency (<20ms).
Use EA with ECN or Raw spread accounts, avg. spread should be less than 30 points. Min Balance: $300
Stops Level = 0 (check the Stops Level by: Press Ctrl + U, select currency pair, click Properties and Stops Level on the 3rd line)