Gold Momentum Candle
- Experts
- 버전: 1.0
- 활성화: 10
Gold Momentum Candle is a BUY-ONLY Expert Advisor designed primarily for XAUUSD on the H4 timeframe.
The EA focuses on market structure, trend direction, breakout confirmation, and momentum candle conditions before opening a BUY position.
Strategy Overview
The EA is designed to identify bullish market conditions and enter only when the required conditions are confirmed.
The strategy combines:
- Bullish trend confirmation
- External market structure
- Breakout confirmation
- Momentum candle confirmation
- Selective BUY entries
- Structured risk management
The EA opens BUY positions only. No SELL positions are opened.
Recommended Market
Primary Recommended Symbol: XAUUSD
Recommended Timeframe: H4
The EA can be used on other symbols, but it is primarily designed and tested for XAUUSD.
Fixed Stop Loss and Take Profit
The Stop Loss and Take Profit settings are fixed and cannot be changed by the user.
- Fixed Stop Loss: 400 pips
- Fixed Take Profit: 600 pips
- Risk/Reward: 1:1.5
The distance of the Stop Loss and Take Profit remains fixed. The value of the monetary risk and reward changes according to the selected lot size.
Lot Examples
0.01 Lot
- Stop Loss: $40
- Take Profit: $60
0.02 Lot
- Stop Loss: $80
- Take Profit: $120
0.03 Lot
- Stop Loss: $120
- Take Profit: $180
The same principle applies to higher or lower lot sizes.
The user can adjust the lot size, while the fixed Stop Loss and Take Profit distances remain unchanged.
Risk Management
Gold Momentum Candle uses structured and measurable risk management.
The lot size can be adjusted according to the user's account balance and preferred risk level.
For example:
- Higher lot size = higher monetary risk and reward
- Lower lot size = lower monetary risk and reward
- Stop Loss distance remains fixed
- Take Profit distance remains fixed
- Risk/Reward remains approximately 1:1.5
Users should select a lot size appropriate for their account balance and risk tolerance.
Backtest Results
The following results are based on a historical backtest and are provided for reference only.
- Total Trades: 111
- Winning Trades: 58
- Losing Trades: 53
- Win Rate: 52.25%
- Profit Factor: 1.60
- Net Profit: $1,324.23
- Average Winning Trade: $60.62
- Average Losing Trade: -$41.35
- Maximum Consecutive Wins: 8
- Maximum Consecutive Losses: 4
- Maximum Balance Drawdown: 4.06%
- Maximum Equity Drawdown: 5.20%
- Expected Payoff: $11.93
Backtest results do not guarantee future performance.
Important Information
Gold Momentum Candle is a trading tool and does not guarantee profits.
Actual trading results may differ from backtest results due to market conditions, spread, slippage, execution speed, broker specifications, leverage, and other factors.
Users are advised to test the EA on a demo account before using it on a live account.
Recommended Symbol: XAUUSD
Recommended Timeframe: H4
Trading Direction: BUY ONLY
Fixed Stop Loss: 400 pips
Fixed Take Profit: 600 pips
Risk/Reward: 1:1.5
Adjustable Parameter: Lot Size
