Quickstrike Gold Peak
- Experts
- Lucilla Tomasini
- Version: 1.0
- Activations: 5
Suitable for Beginners and Satisfying for Experienced Traders
Are you an experienced trader?
I don't have to explain anything to you. You know what a reliable backtest and a long time in the market are worth. Have fun with all the informations at your disposal.
Are you a beginner?
You don't have to worry about setting any operational parameters or doing a lot of backtesting to find the ideal setting. Just look at the statistics and assess the risk you want to take.
Do a backtest to ensure the risk is calculated correctly and that there are no problems with your broker's specifications, or run it on a demo account for a while.
The backtest data are there to give you an idea of what you can expect from this EA.
If everything goes wrong, what is the maximum loss I'm looking at?
Look at the DRAWDOWN in dollars. Is that too high a figure? Instead of $100, choose a lower amount (see the recommended minimum) and do the ratio.
How much can I expect to earn each month?
Look at MONTHLY AVERAGE PROFIT, but remember that there are months at a loss! It's a time goal of at least one year.
How many trades does the strategy make in a month?
Look at the total number of trades and divide it by the backtest months.
And so on. Number of consecutive loss, average trade, average Win/Loss...
Before using any EA, make sure you fully understand the risks involved. This EA is provided "as is," with no guarantees of specific performance or results. Past results do not guarantee future results.
Parameters setup
Custom comment
By default, EA's name.
MagicNumber
Choose a unique number for each market on which you use EA so that you can track performance separately.
Risk per trade
Please look at the strategy metrics to manage the risk you want to take.
Depending on the width of the SL, the minimum size could result in a loss more significant than the value you set. Recommended minimum value 20 $
Size decimals
Order size will be rounded to the selected number. Use 2 for microlots 0.01
Size if no MM
How many lots should be traded if something goes wrong in the size calculation. Default value 0,01
Maximum lots
The biggest size allowed.
Exit Friday
By Default 22 for time zone UTC+02 (Mon-Fri)
Enter the equivalent based on your broker's time zone. Ex. UTC+01 = 21
Easy peasy! You don't need to set up other parameters.
This EA is provided to trade XAUUSD timeframe H1
Check your broker's specifications to set properly Exit on Friday
The EA verifies the entry signal and places pending orders on the medium-term high or low.
SL and TP are based on ATR. TP is usually smaller than SL, but the average profit remains higher than the average loss, and the win rate exceeds 58%
This EA can catch price explosions by taking profit even within minutes.
Please look at the images. There is a list of the first trades executed by the strategy launched in July 2020. You can compare it with the list of trades from the backtest.
Order type Stop
Entry Level Highest/Lowest midterm period
Entry signal EMA-based
Stop Loss ATR-based. Min 600 pip, max 3000 pip
Take profit ATR-based
Trailing stop none
Exit signal-based
Exit Friday 10 pm broker time
Trading rules are checked only on bar open.
XAUUSD
Data Source Dukascopy from 2010 to 2024 February 02
Timezone UTC+02 (European DST) Trading hours Monday - Friday
Precision 1 minute tick simulated
Timeframe H1
Spread 60 pips
Slippage 10 pips
Commission none
Risk per trade 100 $ fixed amount --> see screenshot statistics reflect realistic behavior without any compound effect
Initial capital 10000 $
This EA was created with StrategyQuant X, a powerful platform to generate, develop, and research algo strategies.
