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!
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.
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.
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?
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.
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.
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.
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!! :-)
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.
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!
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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!
Does this EA use a SL?
Does this EA use a SL?
No, it's a grid EA.
No, it's a grid EA.
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.
And do you have any DD data you can give us for either / both?
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 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
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!! :-)
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.
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!
Lotsize: 0.05
Lotsize: 0.05
What is the reason?
it's not making any trades.
any ideas?
it's not making any trades.
any ideas?