Description
Introducing Gold Excel EA MT4 Automated Trading System: The Premier Gold Trading Expert Advisor
Gold Excel EA MT4 is renowned for its performance longevity. Unlike other systems that come and go, this EA consistently ranks among the top bots in MQL for 2024! Furthermore, it offers exceptional live trading and backtesting capabilities.
In addition, Gold Excel EA MT4 demonstrates proven track records across various brokers, ensuring both consistent performance and reliability for long-term trading. As a result, you can trust its effectiveness over time.
Unmatched Gold Trading with Gold Excel EA MT4
Gold Excel EA MT4 places orders twice per day, focusing exclusively on the Gold pair. This pair is ideal due to its high daily range, volatility, and its correlation with stock market openings. Consequently, gold guarantees superior global liquidity, ensuring excellent fills and execution.
Moreover, the system excels by using price action and time-based trading. This approach provides a proven edge over extensive historical testing. Consequently, our live trading results align perfectly with historical backtesting, instilling confidence in its future performance. Additionally, the EA leverages market opens to spot early moves in the Gold pair, starting with the US trading session. With a $5 stop loss protecting each trade daily, Gold Excel EA MT4 remains a robust long-term solution.
Key Features and Benefits
Gold Excel EA MT4 executes two sets of orders daily, with only one trade open at a time. It avoids layering techniques or multiple trades on losses, making risk management straightforward. Furthermore, the EA includes a recovery function of 3.0, which increases lot size following a loss. Clients can choose to use this function or not. However, even without it, the system remains stable. With a historical win rate exceeding 85%, recovery boosts performance significantly. Clients can backtest using the same lot by setting the input to 1.0.
Ideal for All Traders
Gold Excel EA MT4 benefits both prop users and standard traders. It swiftly passes challenges and continues trading on funded accounts. Since it is non-HFT and complies with trade volume rules, it suits any prop firm with a standard XAU spread. Therefore, this EA is versatile for all traders. For smaller traders, it operates effectively in accounts starting from $50. Moreover, it trades only after US Markets open, avoiding major news releases and their potential impact.
Trading Specifications of Gold Excel EA MT4
- Places orders twice daily – 2 maximum filled trades
- Entry: Pending Orders Placement
- Exit: By stop loss or trailing profit orders
- Each trade has a $5 stop loss and $5 take profit
- Orders are cancelled or closed before end of day
- No daily rollover or overnight trades
- VPS is recommended but not essential
- Simple setup with only changes to lot sizes and GMT clock if needed
- Backtest and set files are available in comments
Strategy Summary
| Feature | Description |
|---|---|
| Currency pair | XAUUSD (Gold) |
| Minimum deposit | $50 |
| Timeframe | 5 Minutes |
| Broker Offering | Any decent broker with a gold spread around or under 10-15 cents (IC/Fusion/VT/Axi/Pepperstone/Tickmill/Vantage/Tradeview, etc.) |
| Account type | Low Spread with Commission (RAW/RAZOR/ECN) |
| Broker Selection | IC Markets, Pepperstone with Raw and Razor accounts for lowest spreads |
| IMPORTANT | A lower gold spread is preferable; target 10 cents (e.g., IC is regularly 5 cents) |
| Account type | Hedge or netting, FIFO also works |
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