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Phoenix Gold

Expert Advisor Phoenix Gold is an automatic trading robot programmed specifically for the Gold market. Exclusive and advanced algorithms provide stable and efficient operation. EAs use scalper strategies that follow price momentum and combine smart position management methods. Trading signals are formed based on price tick patterns and usually have a high probability of winning and low risk.

The EA flexibly combines multiple strategies suitable for different market contexts to hold or close floating positions. In addition, EA also has a "Close all on Friday" option to help users manage positions and avoid risks at the end of Friday.

EA is very simple to install and setup. If you have no experience, just set the default (with Gold having 2 decimal places).

Settings: 

 Max Spread      = 30 to 50 (Must be higher than the average spread of the pair)
 Fixed Lot  = 0.0 (activated Auto Lot); Fixed Lot > 0 (your manual lot size)
 Auto Lot  = 1.0 to 2.0 (=1 means auto lot size = 1 lots per $100,000 balance, or 0.01 lots per $1,000 balance...)
 Max Trades  = 30
 Trailing  = 10 (points)
 Start Trailing  = 40 (points)
 Close all on Friday  = False (or True)
 Time Close on Friday  = 22:30 (if Close all = True)
 Magic Number  = your number

* If you set Fixed Lot > 0, the EA will trade with Lot Size = Fixed Lot (if Fixed Lot is a valid lot size).

* If you set Fixed Lot = 0 and Auto Lot > 0, the EA will calculate the Lot Size according to the value of Auto Lot.

Recommend:

Pair: XAUUSD. Time frame: M5 or timeframe. Use VPS with low latency (<10ms).

Use EA with ECN or Raw spread accounts, spread < 25 points. Min Balance: $ 500

Stops Level = 0 (check the Stops Level by: Press Ctrl + U, select currency pair, click Properties and Stops Level on the 3rd line)

Note:

+ If you use EA with Gold and the price has 3 decimal places (like 1900.123), then you need to increase 10 times the value of Max Spread, Take Profit, Trailing parameters. For example, set Take Profit = 6000 (instead of the default value = 600). Because Point calculation is different with 2 decimal places.

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Version 1.2 2024.02.25
Add parameter: Max Drawdown %
Version 1.1 2023.12.14
Algorithm optimization.