SUPER GOLD EA MT5: A Trend-Following Expert Advisor for XAUUSD
Overview
The SUPER GOLD EA MT5 is an automated trading robot designed specifically for trading gold (XAUUSD) on the MetaTrader 5 platform. It utilizes a trend-following strategy based on moving averages and multi-timeframe RSI. Here are the key details:
- Trading Instrument: XAUUSD (Gold)
- Recommended Time Frame: M5
- Minimum Deposit:
- AUDUSD: $1,500
- XAUUSD: $3,000
- Lot Size: 0.01 (use the
.setfile named “lowrisk”) - Recommended Account Balance: $6,000 or more
Strategy
The SUPER GOLD EA MT5 employs the following strategies:
- Trend Following: The EA identifies trends using moving averages and adapts its trading decisions accordingly.
- GRID Trading: It uses a grid-based approach to manage trades.
- DD Reduce Function: The EA closes the oldest order with unfavorable profit and loss together with the latest profitable order to reduce drawdown.
Features
- Trailing Stop: You can set a trailing stop for both grid trading and the DD reduce function.
- Additional Trades: The EA allows additional trades using the panel, which are automatically settled as part of the grid series.
- Manual Settlement: You can manually settle all transactions if needed.
- Max Trades and Max Lot Size: These parameters can be adjusted from the panel.
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.📈
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