Golden Moon Limited Edition
- Experts
-
Arun Kumar Raj Voruganti
Hoby trader with a passion for forex markets, I enjoy exploring and experimenting with a wide range of machine learning algorithms to enhance trading strategies and decision-making processes. My approach emphasizes continuous learning and innovation, allowing me to combine quantitative analysis with - Versione: 1.1
GoldenMoon
GoldenMoon Limited is the FREE distribution of GoldenMoon for MetaTrader 5. It uses the same trading logic as the full EA but limits the position volume to broker’s minimum volume.
Trading logic: Multi-Symbol analysis + Grid Strategy
Before you start
- A retail hedging MT5 account is required.
- A basket of symbols shall be set to the input parameter Analysis symbols.
- Chart symbol shall be present in the Analysis symbols list.
- Make all analysis symbols visible in Market Watch and allow their history to download. The EA waits for valid symbols whose history is still loading.
- Use a unique Magic number for every independent EA instance.
Apply to a chart
- Open the symbol you want to trade on the H1 timeframe.
- Drag GoldenMoonLimited_v1 onto the chart.
- Enable algorithmic trading and allow live trading in the EA settings.
- Review inputs, then enable the EA.
Parameters
| Parameter | Description | Value / Range |
|---|---|---|
| Analysis symbols | Comma-separated symbols used for analysis. The chart symbol must be part of this list. | EURUSD,GBPUSD,USDCHF,AUDUSD,USDJPY,USDCAD,NZDUSD |
| Lookback bars | Number of closed bars used by the analysis. | 40 - 150 |
| Smoothing bars | Smooths the analysis signal. Higher values generally produce fewer entries. | 10 - 30 |
| Entry Z-score | Entry threshold. Higher values generally produce fewer first entries. | 0.5 - 3.0 |
| Take profit (pips) | Common take-profit distance from the basket’s average entry. | 20 - 70 |
| Stop loss (pips) | Common stop-loss distance from the basket’s average entry. | 100 - 300 |
| Lot multiplier | Volume multiplier for each later grid position. Higher values increase risk. | 1.2 -2.5 |
| Max grid tickets | Maximum positions allowed in one basket. | 4 -10 |
| Grid spacing (pips) | Minimum adverse movement before another position may be added. | 4 - 30 |
| Grid range bars | Recent range window that can widen grid spacing in volatile conditions. | 12 - 40 |
| Equity stop | Enables the equity-loss circuit breaker. | false or true |
| Equity loss limit (%) | Closes the open basket when its loss exceeds this percentage of current equity. | 5 - 20 |
| Magic number | Identifier for this EA’s positions. Keep it unique per instance. | - |
| Debug logging | Writes diagnostic messages to the Experts and Journal tabs. | false or true |
Troubleshooting
Enable Debug logging, then restart the EA and read the Experts or Journal tab.
| Message type | What to do |
|---|---|
| Missing symbol | Add or correct the symbol in Market Watch, including its broker suffix. |
| History loading | Keep the chart open until history is available. |
| Trading disabled | Enable algorithmic trading in the terminal and EA settings. |
| Hedging account required | Use an MT5 retail hedging account. |
| Stop distance error | Increase Basket TP (pips) or Basket SL (pips). |
| Insufficient margin | Reduce lots, risk, multiplier, or maximum tickets. |
| Trade rejected | Check market session, spread, margin, and broker permissions. |
Always, backtest, forward test, and optimize parameters for the chart’s symbol and timeframe before going live.
Finally, if you find it profitable, please leave a review that includes the symbol, time frame, and input values you used, so that other members can test it as well :-)
