GoldMaster Advanced Trend Scalper EA
- Experts
- Bruno Rosa
- Versione: 4.3
- Aggiornato: 4 dicembre 2023
- Attivazioni: 20
Gold Master Advanced Trend Scalper for MT4 EA is an automated and easy to use expert advisor that has the Stochastic indicator working in combination with RSI and MACD filters built in. We have spent a lot of time testing many expert advisors e.g. Hero, XG Gold Robot, Quantum Emperor, Bonnitta EA, XT EurUsd EA, PipFinite EA, Alise EA, Zeus EA, EA Gold Stuff, The Most Wanted EA etc. After years of testing and development, the result is an dynamic EA that is very active with trades and capital management. Our product is also fully compatible with PipFinite Trend Indicator PRO as well. The EA has been designed for trading with the popular symbol XAUUSD! It is a powerful program that combines scalping with martigale, hedging, trends with news and neural networks for gold.
This EA operates in various and different types of trading, operations that immediately go in the right direction are closed quickly with a trailing stop and high profits, while those that go in the opposite direction create a smart hedge, dynamicly updated powered by our exclusive deep-learning algorithm.
Our product has been updated to be a progressive EA based on OpenAI technology (artificial intelligence able to analyze data and write code in different programming languages like C++ or MQL4/5). One of the the main disadvantage of humans when writing trading algorithms is the inability to comprehend thousands of quotes, levels and indicator values in order to make the right conclusions. We stromgly believe that we may have found a solution by applying the developments of OpenAI to solve the "human problem".
- Check our Blogs where we share news and set files
- Click here to check the EA live signal
- When you buy my robot, you are welcome to drop me a message to discuss the best setup in combination with the set files
2 purchases left & price increases $2799
Signal example: https://www.mql5.com/en/signals/1667657
- Timeframe: M15
- Pairs/Metals: XAUUSD
- Settings: Default settings for gold or check our blogs for additional set files
- Lot: Use 0.01 lot for 2-3 weeks so you can understand the EA's strategy. After that, you can increase your lot depending with your account balance
- Broker: ECN with low spread and commission
- Recommended deposit: 1000 USD / Min. deposit: 500 USD
The EA has dynamic sell loss and take profit control integrated, and hedging capabilities. Please use a different magic number on each pair to avoid order issues. Also, please check the max spread limit number to avoid entering trades during high spread sessions. If you want the setting files to test different configurations, please check our blogs.
Features
- Trading range with multi layer and timeframe trend check
- (only open trades if is the price is inside of a certain price range)
- Market panic and stress detector (manages the capital by preventing losses when the market gets in panic)
- Wrong trades management engine (low performance trades detection)
- Smart order price (it waits for the target price, spread and fluctuations for opening a new order)
- Smart order open (it waits for the right moment for opening a new order)
- Smart order update (auto update sell loss and take profit for low performance orders)
- Smart order close (many checks verifications before closing an order)
- Smart hedging (auto open a hedging position if necessary to minimize the risk of ruin - can be turned)
- Smart use of stop loss on every trade
- Spread filter to avoid trading during bad market conditions
- Slippage control algorithm, to avoid bigger losses during heavy slippage
- Fully automatic mode, with adjustable entries
Setup
- Just drag and drop the robot to your symbol chart and make sure the button "Automatic trading" is on your MetaTrader plattform.
Important
- This bot is optimized to maximize profits. Orders will be placed only when market conditions are ideal by not opening random positions frequently.
If you suffer from anxiety and are just looking for a trading robot that just open positions without any filter and intelligence behind, this product is not recommended for you.
I have been using the EA since the beginning of January 2024 and would like to share my experiences so far. Performance and Risk Management: ⭐☆☆☆☆ The EA tends to take trades with extremely high risk, entering at the highest or lowest point of the day in 95% of cases. This approach poses significant risk, as reversals can lead to immediate losses, potentially resulting in a substantial drawdown. Profits achieved do not justify the undertaken risk. Stop-Loss Strategy: ⭐☆☆☆☆ The EA's risk management is particularly problematic. The stop-loss is only adjusted when a trade is briefly in profit; otherwise, it remains at 3000 pips. This is clearly disproportionate to the average gains of 10-20 pips, creating unfavorable trading conditions. Account Comparison: ⭐☆☆☆☆ After testing on various account types (ECN, Raw Spread, Demo, and Cent), the best results were only achieved on the Demo account. Live accounts experienced fewer trades, possibly explaining why the author provides only a demo signal. Conclusion and Outlook: ⭐⭐☆☆☆ Currently, I cannot wholeheartedly recommend the EA. While no losses have occurred so far, a high drawdown is evident. I plan to continue testing the EA and will update my review in a few weeks. Until then, I can only give the EA 2 stars.
Update 31.01.2024 : Changing to 1 Star! The reason why I posted in the comments. Set an SL now and switched the EA off. NO THX!