GOLD Edge PRO MT5
GOLD Edge PRO is a EA designed specifically for GOLD(XAUUSD)and can also be used on any financial instrument, and any pairs.
This EA trades trend-following using moving averages and multi-timeframe RSI. Use GRID trade.
This EA closes with the "DD Reduce" function when drawing down.
You can set trailing stop for "GRID trading" and "DD Reduce" function.
In general, EA may not be able to respond to unexpected price movements that occur in important news, so it is recommended to pause trading.
GOLD Edge PRO has a NEWS FILTER function, and you can set days, hours, and days of the week when you do not trade.
It is also possible to set the position to close accordingly.
I recommend that you read here first.https://www.mql5.com/en/blogs/post/750375
Next price --> $299
DD Reduce function:
A function that closes the oldest order and closes it together with the latest order.
I recommend reading the guide describing this EA first. setfile is also here.
Additional trades can be made using the panel. These are automatically settled as GRID series.
You can also manually settle all transactions. You can also change Max Trades and Max Lot Size from the panel.
GOLD Edge PRO can set NEWS FILTER function and Non-Trade Day.
In addition, you can set the trading time and the day of the week for trading. It is also possible to close a position
URL below to the list.
NOTE: News filter does not works at strategy tester. This is real-time module that provides great protection and works only at live trading.
Time Frame M5 recommended.
Minimum deposit $1500.
Minimum deposit $3,000. Lot 0.01. (use .set file "row_risk").
Recommended $6000 or more.
Pair: XAUUSD, AUDUSD (can also be used on any financial instrument, any pairs.)
Settings & Setfiles:
Read about settings and set files here. https://www.mql5.com/en/blogs/post/750375
“Min RSI%(D1) “ 30 to 40
“Max RSI%(D1) “ 70 to 60.
However, the number of trades will decrease as we will suspend sell trades when the RSI is below 40% and buy trades when above 60%.
If you have any questions, please ask me.
The most common inquiry
The EA used to trade a lot before, but these days it doesn't trade at all.
"RSI Filter" D1 and H1 are "true" by default.
If the RSI exceeds this range, if it is more than the value of "max", do not Buy trade.
In the case of "min" or less, we do not Sell trade.
For example, if the "RSI" exceeds "Max" in an uptrend, it will not be traded because it will not buy and trade even if it is an uptrend.
If you set "RSI Filter" to False or “Min” and "Max" widely, the number of trades will increase, but please note that the risk will increase.
You never know when a sharp reversal in trend will occur if the RSI is out of bounds.