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Bright Gold

Bright Gold is an automated trading robot programmed specifically for the Gold market (XAUUSD). EA uses our exclusive premium and advanced algorithms in developing unique and effective trading strategies. The strategy tracks signals from price movements incorporating a multi-entry method. Combine scalper methods and smart position management strategies to optimize performance and reduce risk.

The EA has been optimized for Gold and is easy to use, you can use the default settings on Gold with 2 digits in price (e.g. 2002.12). Suitable for accounts with a minimum balance of 500 USD.

Settings: 

 Max Spread      = 30 to 50 (points, 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...)
 Trailing  = 8 (points)
 Start Trailing  = 30 (points)
 Max % Drawdown  = 0 (= 0 mean not use)
 Close all on Friday  = True (or False )
 Time Close on Friday  = 22:00
 Time Filter  
 Time Start  = 01:30
  Time End  = 22:30
 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 < 30 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 Trailing = 80 (instead of the default value = 8). Because Point calculation is different with 2 decimal places.

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Version 1.1 2024.07.30
Add parameter: Max Stop Loss