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Pandora Gold

Auto-trading robot Pandora Gold gives you the advantage of accuracy, quick execution of trade orders when trading signals appear. Pandora Gold EA analyzes price movements combining short-term trend patterns to select accurate trading signals with high probability.

The EA does not use a hard Stop Loss, but it has a Closed all on Friday feature, it also uses different position management strategies for each situation to reduce risk.

The EA is programmed specifically for the gold market (XAUUSD). Gold is a highly volatile market and therefore you should use EA with balance from 1000 USD and start with 0.01 lot.

If you do not have experience using EA, you should use the Default Setting.

Settings: 

 Suffix  not set if there are no extended characters in name XAUUSD
 If the pair name is in the form XAUUSD.x : set Suffix = .x
 Max Spread  = 30 to 60 (point, 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  = 5 to 20 (if = 10 mean auto lot size = 0.01 lots per $1,000 balance...)
 Trailing  = 10 (points)
 Closed all on Friday  = True

* 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.

Recommend:

Pairs: Gold (XAUUSD). Time frame: M5 or any. Use VPS with low latency (<20ms).

Use EA with ECN or Raw spread accounts, avg. spread should be less than 30 points.

Stops Level = 0 (check the Stops Level by: Press Ctrl + U, select currency pair, click Properties and Stops Level on the 3rd line)

Should not use this EA with another EA on the same account. Do not make deposits or withdrawals while the EA has open positions. If you want to deposit or withdraw while having floating trading positions, you need to: Disable Auto Trading, press F3 to open the Global Variables panel and delete the information in that table, make a deposit or withdrawal, then Enable Auto Trading.

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Matthias Bessler
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Matthias Bessler 2024.03.02 09:56 
 

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Version 1.2 2023.06.05
Added Closed all on Friday feature.
Version 1.1 2023.05.06
Algorithm optimization.