Gold Coin M5 EA V3.0 MT4 NoDLL
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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.
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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.
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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.
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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.
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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.
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Ease of Use:
- Installing and configuring the Gold Coin M5 EA is straightforward, making it accessible to both beginners and experienced traders.
Remember to visit our website here to download the EA and join our Telegram group here for further discussions and updates.
