• Overview
  • Reviews (6)
  • Comments (10)

Gold excavator

4
GOLD EXCAVATOR is an EA that trades Gold on the 1H timeframe. The robot uses the DCA strategy. DCA orders are not opened by the pipstep coefficient like other EAs, but they only open orders when the strategy's conditions are met and are specially optimized for the XAUUSD pair. This makes your account more secure and keeps DD low.

THE REQUEST

Pair: XAUUSD.
Minimum deposit $500
Time frame: H1. Use VPS with low latency (<20ms).
Use the EA with an ECN or Raw spread account and enable hedging.
Download history before checking again (Press F2, find currency pair then Download). Backtest with sample: Every tick.

SETTINGS

  • Lot = 0.01
  • Multiplier = 2
  • Take profit = 5
  • Magic number = 123456
  • Slippage = 3
  • Show info to chart = 
  • Use Trailing = true
  • Trailing start = 25
  • Trailing distance = 15
  • News filter = true
  • Minutes after news = 60
  • Minutes before news = 60
  • Comment = Gold excavator
Note: 
  1. EA uses news filter. Therefore, the backtest results do not fully reflect the actual performance of the EA.
  2. To set news filter, add link in options section ( Link here: https://ec.forexprostools.com/?columns=exc_currency,exc_importance&amp;amp;amp;amp;importance=1,2,3&calType= week&timeZone=15&lang= 1 )




Reviews 6
Scott Allen Patton
245
Scott Allen Patton 2024.05.10 17:13 
 

I purchased the Gold Excavator around 4 weeks ago and have run it on 4 IC Markets demo accounts and it has safely doubled the accounts in that time. There was one instance where the drawdown got a bit uncomfortable, but it was only because I was using too large of lot sizes for my account. Plus, I added another trade and it went to profit soon after. This EA trades with the trend and when the conditions are right for a profitable trade. It rarely misses. It works on other currency pairs as well with the right settings and some oversight. I feel confident to use it in a live account now. Tran seems to be a brilliant programmer in my opinion.

apprenticepress
783
apprenticepress 2024.04.12 23:25 
 

Very pleased so far, 100% wins on demo and more recently live. Thank you Tran Thi Thu Huyen so much for developing. -john

Yulia_7890
335
Yulia_7890 2024.04.08 19:04 
 

Hi,I’ve just bought an EA,what are the best settings for gold trading?thanks

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Antarctic scalping
Tran Thi Thu Huyen
5 (1)
Experts
Antarctic scalping is an EA with a scalping system on the M5 timeframe. The EA opens a new order when the entry conditions are satisfied. EA's order entry strategy uses Price action analysis combined with indicators. EA always has fixed stoploss and takeprofit. Antarctic scalping is developed for currency pairs: USDCHF, GBPUSD, EURCHF, EURUSD, EURAUD.... Dowload setfile                                                                       THE REQUEST Pairs: GBPUSD, USDCHF, EURAUD Timeframe: M5.
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Emanuel Baltensperger
512
Emanuel Baltensperger 2024.05.10 19:54 
 

The EA opens too few positions during a trend. At the highest or lowest point of the chart it opens another position, which inevitably leads to a drawdown. I hope you can fix it.

Scott Allen Patton
245
Scott Allen Patton 2024.05.10 17:13 
 

I purchased the Gold Excavator around 4 weeks ago and have run it on 4 IC Markets demo accounts and it has safely doubled the accounts in that time. There was one instance where the drawdown got a bit uncomfortable, but it was only because I was using too large of lot sizes for my account. Plus, I added another trade and it went to profit soon after. This EA trades with the trend and when the conditions are right for a profitable trade. It rarely misses. It works on other currency pairs as well with the right settings and some oversight. I feel confident to use it in a live account now. Tran seems to be a brilliant programmer in my opinion.

apprenticepress
783
apprenticepress 2024.04.12 23:25 
 

Very pleased so far, 100% wins on demo and more recently live. Thank you Tran Thi Thu Huyen so much for developing. -john

Tran Thi Thu Huyen
767
Reply from developer Tran Thi Thu Huyen 2024.04.13 00:53
Thanks
Bernardo Rippe Di Dio Castagna
400
Bernardo Rippe Di Dio Castagna 2024.04.09 14:45 
 

Update 3 (8 weeks test): Excavator on the recommended settings is dangerous, the best results with default are on 1:2000 cent accounts while ECN 1:500 can only survive with a multiplier 1.2 and the minimum deposit is 1k. DO NOT use this bot with 500$ as stated on the description.

This will be the last entry on the review, we recommend Cent 1:2000 accounts (Exness) with a multiplier 1.5 and 0.01 per each 1kc or ECN 1:500 account / Standard 1:2000 using a multiplier 1.2 with 0.01 per every 500k. I hope this review was check by more new people.

Update 2 (4 Week test): The lack of trend, hour, and functional news filter may kill this bot easily. Is recommended to reduce multipler to 1.3 or 1.5. First losing day on an emergency manual close.

Low Spread account ECN: Good and stable results

Zero Spreads: Heavy losses (Iconicly DON'T USE ZERO SPREAD ACCOUNTS!)

Cent: 4 trades with low drawdown and good profit

Update 1 (2-week test): I think this bot handles gold pretty well, I tested plenty of EAs in the past and this one looks really good after 2 weeks of testing.

After testing this EA for a few days, I like the strategy it employs. The bot is not excessively active or aggressive and instead waits for significant movements of XAU (filtering news if enabled) to enter trades following the trend.

It then attempts to add more martingale trades on the pullback to close with 1-4 trades in profit without engaging in overtrading (Which is my biggest problem with the martingale/grid bots). I hope the developer will continue to add more features to this bot, as there is a lot of potential for it.

Tran Thi Thu Huyen
767
Reply from developer Tran Thi Thu Huyen 2024.04.16 15:11
Thank you for your review, I will try harder to make this bot more and more perfect
Yulia_7890
335
Yulia_7890 2024.04.08 19:04 
 

Hi,I’ve just bought an EA,what are the best settings for gold trading?thanks

Tran Thi Thu Huyen
767
Reply from developer Tran Thi Thu Huyen 2024.04.09 02:51
To see the best settings, please see the Setting section in the EA description. Thanks
Nguyen Thanh Phong
131
Nguyen Thanh Phong 2024.04.08 14:26 
 

User didn't leave any comment to the rating

Tran Thi Thu Huyen
767
Reply from developer Tran Thi Thu Huyen 2024.04.08 14:49
Thanks sir
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