GOLD Animal mt4
**GOLD Animal** is an Expert Advisor (EA) specifically developed for trading gold. It does not use high-risk strategies such as Martingale or grid trading.
It employs advanced algorithmic detection for trend trading, and every trade uses a stop-loss to ensure capital protection.
The EA incorporates money management to automatically calculate position sizes.
It features a take-profit to stop-loss ratio greater than 1:3, ensuring decent profitability even with a moderate win rate.
You can customize the risk per trade.
**Parameter Settings:**
* **FixedLot:** Used if `MoneyRisk` is set to 0.
* **MoneyRisk = x%:** The percentage of account equity used to calculate the stop-loss amount for each trade, which in turn determines position size. The recommended value is **2** (meaning 2% of the account equity per trade).
* **SL:TP = 1:x:** The stop-loss to take-profit ratio. Should be **at least 3 or greater**. The default is **5**, which provides a balanced risk-reward. It can be set between 3 and 8 based on personal preference.
* **SL_times = x * ATR:** The stop-loss distance. Default is **2**, meaning 2 times the ATR value.
* **CloseOpposite:** When set to **true**, open positions are closed when a signal in the opposite direction appears. Default is **false**. Setting it to **true** reduces drawdown but may also lower overall profits.
* **SLtoEntry (2 * ATR):** When set to **true**, the stop-loss is moved to the entry point (break-even) once the profit reaches 2 times the ATR. This also helps reduce drawdown, though it may limit potential profits.
* **Multiplier:** A calculation parameter for the internal algorithm. The default value of **2** works well. It can be fine-tuned between 2 and 5 to accommodate minor differences between brokers.
**Backtesting:** Use a **cent account with Exness**.
**Recommended Symbol:** Any symbol containing **GOLD** or **XAUUSD**.
**Timeframe:** Only supports **M15 and M30**.
**Usage Recommendation:** It is **recommended to use a cent account**. For example, a deposit of $100 (i.e., 10,000 cents) can typically yield. Running multiple accounts with different risk-reward settings is possible.
**Important Notes:** Do not panic during drawdown periods. Allow the system to run autonomously. It uses probability to outperform the market. Every algorithm will experience periods of drawdown. **Consistent execution is key to achieving profitability.** Once a reasonable profit is accumulated, it is advisable to withdraw the profits to prevent the account balance from becoming excessively large.
