Red Gold EA

Red Gold EA is a fully automatic expert advisor which contains several trading systems mainly based on Moving Averages, Support Resistance, Candlestick Formations, and other MetaTrader indicators as confirmation. Each trading system has it own entry with hidden and fixed SL TP. This forex robot can be used for all pairs and all time frames, but it is especially designed for Gold 1H time frame. 


Main Features:  
  • No Martingale. 
  • No Grid.
  • No Averaging.
 
Setting Parameters:
  • Expert Name - EA name and trades comment. 
  • Magic Number - EA identification number to identify trades. 
  • Trade Direction - Direction of trade, Buy or Sell or Both.
  • Multiple Entries - If activated, sends multiple entries for both side. 
  • Fixed Lots - Fixed lot size.
  • Auto Lots - True if you want to activate auto lot size calculation
  • Auto Lots Risk - Risk calculation to calculate auto lot size.  
  • Stop Loss - Stop Loss.
  • Take Profit - Take Profit. 
  • Average Basket TP - Average Basket TP to close all positions at once. 
  • Trailing settings - Trail SL and breakeven/profit lock settings.
  • Max Spread Allowed - if Spread goes higher than this value, EA won't entry. 
  • Commission per Lot - Broker commission per lot for both side.
  • Indicator settings.

Recommendations:  
  • XAUUSD (Gold vs US Dollar) H1.
  • Zero spread ECN or raw spread account.
  • Account that support hedging. 
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