- February 28, 2022
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Indicator description: a trend indicator that can be used for gold and any financial instrument. It does not redraw and doesn’t lag. Recommended time frame is H1.
- Strategie: Trend, Scalper
- pairs: Optimized for Gold but you can try any pairs
- TF: H1 and try other TF
- Hours: 24H
- DD : upto 30%
- Min Balance: from $1000 for Lot 0.01 per pair
- Return : 50 – 100%
The broker should have low fees, low swaps, and also a fast server. The Trader EA works with any broker and any type of account, but we recommend our clients use one of the best brokers listed below:
Best Broker List :
|BROKER NAME||REGISTER||Year Founded||Headquartered||Leverage||Minimum Deposit||Regulating|
|Register||2008||Cyprus||1:Unlimited||$10||CySEC, FCA, FSCA, FSA, BVI|
|Register||2006||Dublin, Ireland||1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
|Register||2008||Port Vila||1: 1000||$10||VFSC|
Gold EA Settings :
- Open new series – on / off beginning of a new series of orders.
- Start lots – start lot.
- Trade Buy – allow the adviser to buy.
- Trade Sell – allow the adviser to sell.
- Use hedge – allow the adviser to trade both direction buy and sell. If off only one trade direction.
- Use Money Management – on / off use of automatic lot calculation.
- Autolot. Free margin for each 0.01 lot – the amount of free margin for opening every 0.01 lots.
- Lot miltiplier – lot multiplier for the following orders.
- TP – take profit, in pips.
- SL – stop loss, in pips from the first order.
- Trail Start – activation of a trailing stop.
- Trail Step – distance from the price when activating a trailing stop.
- DD Reduction Algoritm – drawdown reduction algorithm it when last order with profit will be close with first order series with loss.
- Number order for DD Reduction Algoritm – from which order the drawdown reduction algorithm is activated.
- Percent profit for DD Reduction Algoritm – percentage of profit when closing orders in the drawdown reduction mode.
- Magic – is a special number that the EA assigns to its orders.
- Fix distance – fixed distance between orders
- Order dinamic distance – from which order will the dynamic distance be applied in order.
- Dinamic distance start – the starting value for the dynamic distance.
- Distance multiplier – the dynamic distance multiplier.
- Start, End hour – time for opening the first order.
- Maximum Lot – maximum lot.
- Maximum spread – the maximum spread for the adviser.
Result of Gold Robot :
You can download AutoTrader Sniper Gold EA and back-test it. I personally used 99.9% real tick data for back-testing. The majority of the inner parameters are hidden from the user so that even a beginner will not make mistakes.