Recruitment of participants Golden Taipan FX EA v198.6 MT5 + set (no DLL)

Golden Taipan FX EA v198.6 MT5 + set (no DLL)



Golden Taipan FX for XAUUSD H1 - Professional Overview

Introduction
Golden Taipan FX has been updated to deliver transparent and easily analyzable trades, featuring improved backtest accuracy. The system now automatically updates the timezone offset during initialization, ensuring precise entries and exits.

Risk Management and Trade Settings
Risk-Reward Ratio: 1:2
Stop Loss (SL): 500 points
Take Profit (TP): 1000 points

These settings offer substantial reward potential while keeping losses manageable. By default, the system allows for one open position, adjustable up to 100. Increasing the number of positions can enhance profit potential but also raises the system's risk.

Dynamic Lot Sizing
Golden Taipan FX includes an advanced dynamic lot sizing feature. Users can specify the dollar amount per 0.01 lot traded, simplifying the configuration process and effectively managing risk without the high drawdown typically associated with percentage-based risk methods.

System Transparency and Analysis
This version omits trailing stops to enhance transparency and ease of analysis. The fixed stop loss and profit-taking levels are designed to provide consistent results, ensuring accurate backtests and real-time trading alignment.

Strategies and Performance
Equipped with 300 strategies, Golden Taipan FX aims to maintain a high win rate while adhering to a 1:2 risk-reward ratio. The system is designed to deliver robust trading performance and reliability over time.

Trading Approach
Golden Taipan FX adopts a conservative approach to trading gold, avoiding illogical entries and overtrading. It focuses on realistic and accurate trade entries, emphasizing patience and logic in all trading decisions.

Recommendations
For optimal performance, it is recommended to switch from the default fixed lot setting to the dynamic lot setting to safely compound the account as it grows. All other settings should be left on default to allow the system to function as intended.





NoDLL/Unlimited