- March 22, 2022
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Gold Trend Mystery EA MT5, is a swing technique that works best in a flat market, which can occur up to 80% of the time.
The GOLD EA is designed to trade the XAUUSD (GOLD) currency pair. The IA Smart indicator is used as an input signal in this trend scalping method.
The EA places the first order on the indicator’s signal and sets the profit at a certain level; however, if the price does not reach the profit level and rolls back, a new order is placed, averaging the total profit level and bringing it closer to the entry point.
The DrawDown Reduce function, which closes the most unprofitable and lucrative orders in the series at the same time, ensures that a series of orders always ends at a profit.
Gold Trend Mystery EA MT5 Setting.
Simply place the EA on the XAUUSD chart and start the Expert Advisor’s and MetaTrader terminal’s auto-trading functions.
Make sure your VPS / internet connection in good working order is very fast.
Only use a hedge account with a leverage of 1:200.
Advisor for trading XAUUSD
The broker should have low fees, low swaps, and also a fast server. The Trader system works with any broker and any type of account, but we recommend our clients use one of the best brokers listed below:
Best Brokers 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|
Trend Mystery Configuration
Using the DrawDown Reduce Function settings, all trades initiated by the trader, whether manually or automatically, will be terminated with a profit. This function will close the least profitable and most lucrative orders in the series automatically, decreasing the account’s drawdown.
GOLD EA’s Benefits:
Every day, you benefit from trading.
It may be used in conjunction with other EAs and trading systems.
The EA has a trading interface that allows the trader to manually open transactions. The EA manages all transactions opened through the trading panel and automatically closes them with profit.
Trend Mystery Results
Before you begin, double-check that the XAUUSD symbol has a quote history.
Use the opening prices or 1M HCL since the EA trades at the initial prices.
Disable the following functions in the settings to speed up the tests: Show the panel, calculate the profit, and display the break-even point.
For the H1 graph, use the default parameters.