DTD Golden Travel
- Experts
- Version: 1.0
- Activations: 10
The EA is designed to operate according to Indian Standard Time (IST) and follows predefined trading hours for new entries and daily position management. The EA operates daily from 06:00 AM to 09:00 PM Indian Standard Time (IST). During this period, the programmed algorithm manages trading according to its predefined rules.
The EA is designed for Gold trading and uses the symbol of the chart to which it is attached. The exact Gold symbol name may vary depending on the broker. The EA is designed to operate only on the M5 (5-minute) timeframe.
ENTRY TIME
The EA allows new trade entries daily from 06:00 AM to 09:00 PM Indian Standard Time (IST).
No new trades are initiated after 09:00 PM IST.
The EA uses broker server time for its internal time-based operations. The trading schedule is designed to correspond to the specified Indian Standard Time (IST) schedule.
DAILY POSITION CLOSURE
Any open position remaining at the end of the trading day is automatically closed at 23:50 Indian Standard Time (IST).
LOT SIZE
The lot size can be adjusted from the EA input settings according to the user's account size and risk preferences.
The default lot size is set to 0.01.
MAGIC NUMBER
Magic Number: 26262626
STOP LOSS
The EA automatically calculates the initial Stop Loss based on the entry conditions and applies it to the position.
When the 1:1 target is reached, the EA automatically shifts the Stop Loss to the entry price. 1:1 target hit = Stop Loss shifted to entry price.
Manual Stop Loss changes are respected. Users can manually modify the Stop Loss according to their own risk management.
The maximum initial Stop Loss distance is 12.000 price units.
NEW ENTRY
If a position managed by the EA is already open, no new entry will be taken until that position is closed.
FIXED TAKE PROFIT
The EA does not use a fixed Take Profit.
After the 1:1 target is reached, the EA moves the Stop Loss to the entry price. The EA does not automatically trail the Stop Loss into profit after this point.
Users may manually trail the Stop Loss after the 1:1 target or manually manage the position according to their own risk management and profit-taking preferences.
MANUAL STOP LOSS CHANGE DETECTION
After the 1:1 target is reached, the EA automatically shifts the Stop Loss to the entry price. If the user subsequently moves the Stop Loss manually, the EA detects the manual Stop Loss modification. After a manual Stop Loss modification is detected, the EA will not move the Stop Loss from the manually selected level.
RISK DISCLAIMER
Trading financial markets involves risk and may result in partial or complete loss of capital. Users can manually trail and manage their Stop Loss according to their own risk tolerance, account size and selected lot size.
The EA is designed to identify and execute entries according to its predefined trading conditions. However, no entry or trading system can guarantee a profitable trade or future results.
Users are responsible for selecting an appropriate lot size, managing their risk and deciding when to manually trail or close a position.
IMPORTANT NOTE
If you have any questions or are unsure about purchasing the EA, you can first test the same trading concept using the DTD Golden Travel indicator available on MetaTrader 5. You can observe the indicator and understand how the trading conditions work before purchasing the EA.
For any product-related questions or support, please use the MQL5 product comments or MQL5 messaging system.
Users are advised to test the EA in the MetaTrader 5 Strategy Tester and on a demo account before using it on a live account.
