Recruitment of participants GoldenBot MT5

GoldenBot MT5

GoldenBot is a diversified portfolio of various systems trading gold. Most gold trading systems you encounter are either pure trend ones or counter-trend ones. So they are only good at certain market phases. GoldenBot includes a number of trend and counter-trend systems making it to perform good during any market phase. System effectiveness is proven by live results (see below at Telegram channel).

Monitoring: https://www.mql5.com/en/signals/827470

Telegram channel: https://t.me/accurateEAs

Working timeframe is M1 (1-minute)

Minimum account balance: $100

Default parameters are for XAUUSD (GOLD)

MT4 version: https://www.mql5.com/en/market/product/55328


Requirements:

• Hedging account
• Good ECN broker with low commission and spread
• VPS is strongly recommended

Features:

• The system contains 3 low-correlated strategies: Daily Breakout, Intraday Breakout and Reversal Strategy
• Long-term robot: no dangerous money management (like grid or martingale that can blow up your account in a short time) is used. Every trade is protected by stop-loss
• Backtested with real tickdata, variable spreads and delay. High expectancy from the trade allows the system to work with almost any trading conditions
• High expected payoff, profit factor, recovery factor (on both backtests and live trading)
• The EA is very easy to setup and use

How to Install:

• Open an empty chart of XAUUSD, go across all timeframes from MN (monthly) to M1 (1-minute) to download historical data
• Attach the EA to the XAUUSD M1 chart
• Make sure that there are no errors in Experts tab

IMPORTANT: Pay attention to GMT parameters! In order to get proper results, you have to set them correctly according to your broker GMT Offset

Spoiler: Settings:

• Fixed Order Size - fixed trading lot
• Enable AutoLot - use automatic lot calculation
• Balance For Every 0.01 Lots - balance to be used per 0.01lots (automatic lotsize based on balance)
• Max Risk Per Trade - auto MM based on the stop loss and deposit size. For example: at a value of 5, closing a trade by stop loss will result in a loss of 5% of the balance
• Maximum LotSize - maximal allowed trading lot
• GMT Offset Auto - if true, the EA will find the GMT offset automatically. Allow requests to https://www.worldtimeserver.com
• GMT Offset Manual - set your broker's time zone (in winter)
• Adjust DST Manual - set your broker's DST
• Maximum Spread - maximum allowable spread, pips
• Maximum Slippage - maximum allowable slippage for instant accounts, pips. Increase it to avoid re-quotes and off-quotes
• Disable NY Holidays - disable trading for a specified number of days before/after New Year holidays
• Trade Direction - long and(or) short can be selected
• Monday Trading - enable/disable trading on Monday
• Tuesday Trading - enable/disable trading on Tuesday
• Wednesday Trading - enable/disable trading on Wednesday
• Thursday Trading - enable/disable trading on Thursday
• Friday Trading - enable/disable trading on Friday
• Friday Exit - set to true if you wish to close all trades on Friday
• Friday Exit Hour - all open positions will be closed at this hour on Friday
• Take Profit / Stop Loss - take profit / stop loss
• TP/SL Expressed - select the TP/SL calculation method: In Pips or In % ATR - popular measure of volatility expressed as a percentage of the Average True Range
• Trailing SL - trailing stop in pips
• Trailing SL Start - when to start the trailing stop
• Level Offset - allows you to adjust the offset of sup/res levels (breakouts only)
• Max Holding Time - maximal position holding time - a maximum number of bars between opening a position and closing it completely
• Magic Number - unique identifier for EA's orders
• Order Comment - comment for EA's orders
• Enable Daily Breakout / Intraday Breakout / Reversal Strategy - enable/disable strategies
• Price Channel / Volatility Factor - allows adjusting the frequency and quality of trade entries