Gold King Pro MT5
- Experts
- Xian Qin Ceng
- Version: 5.5
- Updated: 23 June 2024
- Activations: 6
Gold King Pro is an EA for XAUUSD/GOLD/Gold.
If you have any questions about EA settings, you can discuss them in the public group .
The signals are for reference only, but the short duration of the signals may not be of much help to you.
EA will open a position one hour before the New York market closes, because the market is often the most volatile in the hour before the close. EA has a higher winning rate when it enters the market to short at highs and long at lows. Don't be surprised if you see its curve growing all the time. All successful EAs that only open positions one hour before the New York market close will show such characteristics. No EA can grow continuously, and retracements will also occur. At the same time, EA is also obviously imperfect, because profits and losses are from the same source. The market is often the most volatile in the hour before the close, which determines that the market fluctuations during this period are usually very limited, and the profit of each transaction order is also limited, usually between 100-300 micro points, and in rare cases, it may reach 500 micro points or more. In a limited fluctuation space, the profit will not be too high, and the loss will naturally not be too high. If you want EA to make more than 1,000 micro points for each transaction, it is not suitable for you. But if you are looking for an EA with limited losses per transaction, good winning rate, and continuous growth, try it, maybe you will like it.
Gold King Pro, because there are no built-in parameters for other currency pairs, the effect of using it for other currency pairs may be poor due to incorrect settings. EA contains 2 ways to open orders, and Model A is recommended. All other key parameters are already built-in, and the settings are simple and easy to use.
We see that there are many EAs in the market that use AI for overfitting. The test looks good, but the real market is losing money. These are not what we want. What we want is an honest EA. An honest EA always grows in twists and turns. The straight upward curve of fitting does not exist here. You need to accept a part of the retracement. The retracement is the inevitable journey to the result of profit.
application
- Cycle: 15M
- Type: XAUUSD
- Minimum deposit: $50, high risk. Medium risk recommended deposit: $70, 0.01 lot. Low risk recommended deposit: $100, 0.01 lot. Risk warning: Do not trade with heavy positions.
- Account: ECN/RaW/STP, (Doo's STP or ECN account, icmarkets raw spread account, ZFX raw spread account, etc.).
- Recommended Broker: IC Markets. Please note: Always use a GMT2/3 Forex broker, as the built-in time parameters use this time zone by default.
- It is recommended to use a VPS.
parameter
- Risk = 70. [AutoLots=N,N>=50,] Balance 0.01 lot
- Fixlot = 0.01. When AutoLots==0, use Fixlots
- Stop Loss = 550. Virtual Stop Loss [600]]
- Profit = 700. Profit [500-1000]
- xunizhisun = true. Use double stop loss
- xuniStopLoss = 400. Actual stop loss [400-600]
- Momentum = 10. Momentum indicator parameters
- STO = 15. STO indicator parameters
- Envelops = 20.ENV indicator parameters
- Use Fast Close = true. Use fast closing solution
- FridayAllow = false. Trading is not allowed on Friday night
