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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

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.

RISKS

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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We proudly present our cutting-edge robot, the Big Forex Players EA designed to maximize your trading potential, minimize emotional trading, and make smarter decisions powered by cutting-edge technology. The whole system in this EA took us many months to build, and then we spent a lot of time testing it. This unique EA includes three distinct strategies that can be used independently or in together. The robot receives the positions of the biggest Banks (positions are sent from our database to th
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Maryna Shulzhenko
Forex Workstation is a powerful and efficient bot for trading on the Forex market. It is designed to use patterns, price delay levels, volatility analysis and market scaling. This bot provides unique opportunities for automated trading and optimization of strategies on various currency pairs. Let's look at the features and settings of Forex Workstation: Peculiarities: Multi-currency : Forex Workstation supports a wide range of currency pairs for trading, which allows you to diversify your por
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Vladimir Lekhovitser
PrizmaL Pro Signal en direct Chers traders et investisseurs, Je vous présente une stratégie qui a fait ses preuves pendant plus de 18 ans. Déjà en 2008, PrizmaL a obtenu la deuxième place au Championnat du Monde des Robots de Trading de MetaQuotes (Automated Trading Championship 2008). Au cours de la compétition, la stratégie a effectué 1113 transactions et a généré un bénéfice de 1570 % en trois mois, ce qui la rendait unique parmi les autres stratégies et attirait une attention particuli
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Artem Minchuk
3.1 (51)
Delving deep into the sphere of finance and trading strategies, I decided to conduct a series of experiments, exploring approaches based on reinforcement learning as well as those operating without it. Applying these methods, I managed to formulate a nuanced conclusion, pivotal for understanding the significance of unique strategies in contemporary trading. Neural network advisors, despite showcasing impressive efficiency in the initial stages, proved to be highly unstable in the long run. Vario
SFE Impulse
Joel Juanpere
This expert advisors search for perfect impulse setups.t 4 Units left at 900 USD. Next price 1200 USD The approach is use a very few but high effectives rules / filters and an effective management of the opened position. Signal https://www.mql5.com/es/signals/2049326 Backtest The EA must be backtest in any timeframe, but for use in live, must be attached to a M5 chart. Live setup The EA is very easy to configure, and can be used with the default parameters. Only the parameters
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Faiz Anwar
5 (3)
Nova Prime: Advanced Expert Advisor for Forex Trading Nova Prime is a cutting-edge Expert Advisor, expertly engineered for the forex market with a particular focus on the AUDUSD and NZDUSD currency pairs. It integrates various strategies to navigate complex market conditions, including machine learning, dynamic hedging, adaptive strategy selection, flexible indicators, and multi-timeframe analysis. Here's a closer look at what makes Nova Prime stand out: Machine Learning : Employs machine learn
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Evgeniy Ilin
5 (2)
# Neon Trade MT5 Nous vous présentons Neon Trade - une innovation unique dans le domaine du trading algorithmique sur les marchés des changes, utilisant des méthodes avancées d'apprentissage automatique. Notre conseiller est entièrement autonome et prêt à travailler après son installation sur n'importe quel graphique et chronologie. Il fonctionne selon le principe - accroché sur le graphique et oublié. La seule chose à faire est d'autoriser l'accès à mon API " https://xmpp.madsysadm.ru " dans
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Mansour Babasafary
4.3 (40)
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Contact me through PM for a 20% special discount on every purchase of all my EAs. The best NON martingale, grid or averaging EA in mql5 market. This algorithm has been running live for private accounts for over 3.5+ years since 2020, returning over 26,000 pips with exceptional risk stability. Now upgraded to MT5 platform with additional enhancements to market regime recognition and additional indicator filtering. The algorithm utilizes a propri etary AI model based on retail trader sentiment an
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Sugianto
4.69 (13)
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GoldFirst
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
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