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Mohsen Moshiri  

Looks like a solid expert — great backtest results! One small issue: a setting seems to cap the lot size at 0.05. If you remove that cap so we can test properly on cent accounts, it would be perfect. Nice work, John Samuel Ifegwu!

patrickdrew  

Does this EA use a SL? 

John Samuel Ifegwu  
patrickdrew #:

Does this EA use a SL? 

No, it's a grid EA.
When INCLUDE SCALPING is enabled, the grid is limited to 2 to help protect the trading account from heavy drawdown. Once INCLUDE SCALPING is disabled, the grid reverts to its default value.
patrickdrew  
John Samuel Ifegwu #:
No, it's a grid EA.
When INCLUDE SCALPING is enabled, the grid is limited to 2 to help protect the trading account from heavy drawdown. Once INCLUDE SCALPING is disabled, the grid reverts to its default value.
Ok thank you. 
patrickdrew  
John Samuel Ifegwu #:
No, it's a grid EA.
When INCLUDE SCALPING is enabled, the grid is limited to 2 to help protect the trading account from heavy drawdown. Once INCLUDE SCALPING is disabled, the grid reverts to its default value.
And do you have any DD data you can give us for either / both?
John Samuel Ifegwu  
patrickdrew #:
And do you have any DD data you can give us for either / both?

You may actually experience a lower drawdown at times when the INCLUDE SCALPING option is enabled, thanks to the adjustment made to the maximum grid level. During the development phase, we noticed significant drawdown issues, which led to implementing the grid limit as a safeguard.

I’ve attached some screenshots for reference. You can also run your own backtests and choose the configuration that best suits your trading preference.

No Scalp Scalp
John Samuel Ifegwu  
patrickdrew #:
And do you have any DD data you can give us for either / both?
Also note that the grid is automatically set to 1 for trading accounts with a balance below £500 or $500.
Mohsen Moshiri  


Hello dear John Samuel Ifegwu — I’ve shared today’s expert results.
Golden Monarch looks like a very promising expert.
Would you consider not restricting the lot size to  0.05  in the next version?
Thank you for sharing this expert, Golden Monarch.

Warm regards

John Samuel Ifegwu  
Mohsen Moshiri #:


Hello dear John Samuel Ifegwu — I’ve shared today’s expert results.
Golden Monarch looks like a very promising expert.
Would you consider not restricting the lot size to  0.05  in the next version?
Thank you for sharing this expert, Golden Monarch.

Warm regards

Hello Mohsen,

Thanks a lot for your kind words and for sharing your results! 🙏
The lot size limit (0.05) is intentional since Golden Monarch EA is offered at a heavily discounted price of $50, while our premium EAs start from $599.99.

We wanted traders who can’t afford the premium ones to still enjoy the same level of quality at an accessible price. We may, however, introduce a Pro version with more flexibility soon.

Warm regards,
John Samuel Ifegwu 👑
patrickdrew  
John Samuel Ifegwu #:

You may actually experience a lower drawdown at times when the INCLUDE SCALPING option is enabled, thanks to the adjustment made to the maximum grid level. During the development phase, we noticed significant drawdown issues, which led to implementing the grid limit as a safeguard.

I’ve attached some screenshots for reference. You can also run your own backtests and choose the configuration that best suits your trading preference.

Thank you.

It does indeed seem to be trading very well in my demo account!! :-)

Mohsen Moshiri  


This expert has performed so well so far — many thanks to the author. I hope he keep working every day to improve it. I highly recommend giving it a test.

John Samuel Ifegwu  
Mohsen Moshiri #:


This expert has performed so well so far — many thanks to the author. I hope he keep working every day to improve it. I highly recommend giving it a test.

Thank you for your kind words, Mohsen!

Glad to hear Golden Monarch EA is performing well for you. As shown in the attached results, it has maintained consistent performance and stable growth across multiple trades. Your feedback and support are truly appreciated.

Development and improvements will definitely continue — thanks again for recommending it to others!

Mohsen Moshiri  

Backtest From 2020/01/01
Start Balance: 2500$
Lotsize: 0.05
John Samuel Ifegwu  
Mohsen Moshiri #:

Backtest From 2020/01/01
Start Balance: 2500$
Lotsize: 0.05
Thank you, Mohsen!
KING  
What is the reason?
John Samuel Ifegwu  
KING #:
What is the reason?
The EA temporarily loads the ZigZag indicator when needed for its calculations, and then removes it afterward.
jamesrapley  

it's not making any trades.


any ideas?

John Samuel Ifegwu  
jamesrapley #:

it's not making any trades.


any ideas?

Hey James 👋
It’s been trading — it actually took some trades yesterday and today during the Asian and London sessions. 😊
Sometimes it might skip a day or two if market conditions don’t match the entry setup — that’s completely normal. 👍
Angel Larroca  
Gracias por las actualizaciones y por continuar mejorando este gran EA,confío en que no dejéis de hacerlo ;)
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