Description
Gold Coin M5 EA V3.5 MT4 NoDLL is an automated trading robot designed specifically for trading the gold market (XAUUSD) using the M5 timeframe. This expert advisor (EA) employs a scalping strategy, making it ideal for traders who want to operate on short-term intervals .The robot uses an instant entry and exit approach based on short-term price movements.
- Gold Coin M5 EA V3.0 MT4 NoDLL Overview:
- The Gold Coin M5 EA is an automated trading robot designed specifically for trading the gold market (XAUUSD) using the M5 time frame.
- It follows a scalping strategy, aiming for quick entry and exit from positions based on short-term price movements.
- Optimized for XAUUSD on M5:
- The robot is specifically tuned to trade the XAUUSD pair on the M5 time frame.
- This optimization allows it to maximize opportunities in the gold market.
- Minimum Initial Balance:
- The recommended minimum balance for trading with the Gold Coin M5 EA is $500.
- This level of balance provides sufficient margin to manage risks effectively on short-term time frames.
- Trading Recommendations:
- Currency Pair: XAUUSD (Gold)
- Timeframe: M5 (and higher)
- Minimum Initial Balance: $1000
- Account Type: ECN account
- You can trade using both PC and VPS.
- Strategy Details:
- Trend Determination: The robot analyzes the trend using the iADX indicator on different timeframes (M5, M15, and H1).
- Entry Point: It waits for a sharp impulse in the direction of the trend, determined using tick volume.
- Pending Orders: The robot places pending orders at a specified distance from the current market price.
- Trailing Stop: It uses a trailing stop to protect profits.
- Profitability and Loss Management:
- Mult_Profit: The robot closes all open orders when the total profit reaches a specified threshold (e.g., 300 times the lot size).
- Mult_Loss: If open trades reach a loss equal to this coefficient, the robot closes all trades.
- Order Spacing: The minimum distance between open orders is set to avoid clustering.
- Ease of Use:
- Installing and configuring the Gold Coin M5 EA is straightforward, making it accessible to both beginners and experienced traders.
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.
What’s in the package?
Experts :
- Gold Coin v3.5 M5_fix_1420.ex4
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Disclaimer:
The EAs sold on our channel are not created by us.
We are only resellers of these EAs and the EA performance cannot be guaranteed or predicted.
Past performance is no guarantee of future results. We seek the EA on an ‘as is’ basis and only the version mentioned is being sold.
All future updates will be on a best effort basis and could involve further fees to be paid owing to acquisition and unlocking costs.
EA updates are thus not automatic and not guaranteed.
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