Gold Excel EA V3.0 MT5 Overview💫💫
The Gold Excel EA V3.0 MT5 is an expert advisor (EA) designed for trading the XAUUSD (GOLD) currency pair on the Meta Trader 5 (MT5) platform. It employs a specific strategy to execute trades efficiently.
Strategy Summary:
- Currency pair: XAUUSD (GOLD)
- Minimum deposit : $50
- Timeframe: 5 Minutes
- Broker Offering : Any decent broker with 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:Â A lower gold spread will excel over a high spread, i have seen upwards of 80 cents spread in some poorer brokers. Target 10 cents.(e.g IC is regularly 5 cents)
TradingSpecifications:
- Places Order Twice Daily – 2 Maximum Trades Filled Trades
- Entry – Pending Orders placement
- Exit – By Stop loss, or trailing profit orders.
- Every trade has a $5 Stop Loss and $5 Take Profit
- Orders are cancelled or closed before EOD.
- No daily rollover or overnight trades.
- VPS not essential but recommended
- Easy setup with only changes to lots and GMT clock if necessary.
- Find backtest and any necessary set files in comments
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