Lord of Gold
Lord of Gold is a fully automated trading EA with a unique strategy based on a combination of Price Action and Bollinger Bands and RSI indicators.
Expert tracks market movements and looks for trading signals that have high probability and low risk.
This EA is specifically designed for Gold (XAUUSD).
Live Signal: https://www.mql5.com/en/signals/1242507
If you do not have experience using EA, you should use the Default Setting with initial capital from $ 300.
|Max Spread||= 25 to 30 (Must be higher than the average spread of the currency pair)|
|Fixed Lot||= 0.0 (activated Auto Lot); Fixed Lot > 0 (your manual lot size)|
|Auto Lot||= 5 to 15 (= 10 mean auto lot size = 0.1 lots per $1,000 balance...)|
|Trailing||= 6 (points)|
|Start Trailing||= 12 (points)|
|Start Hour||= 0 to 9 (Hours to start trading)|
|End Hour||= 15 to 23 (Hours to end trading)|
Time frame: any time frame. Use VPS with low latency (<20ms).
Use EA with ECN or Raw spread accounts and allow hedging. Min Balance: $ 300
Stops Level = 0 (check the Stops Level by: Press Ctrl + U, select currency pair, click Properties and Stops Level on the 3rd line)
Download history before backtest (Press F2, find currency pair, then Download). Backtest with model: Every tick.
* Use EA with Gold (XAUUSD)
* Use EA with broker with 2 decimal places for Gold price, for example 1989.68