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Golden Taipan FX

39 purchases per month

499.99 USD

Demo downloaded: 337

Published: 19 July 2024

Current version: 500.99

Golden Taipan FX

Name: Golden Taipan FX
Price: 499.99 USD
Rating: 2.4 (5 reviews)
Author: Michael Prescott Burney

2.4

Experts
Michael Prescott Burney
Version: 500.99
Updated: 4 August 2024
Activations: 20

Golden Taipan FX for XAUUSD H1 - Professional Overview

Introduction

Golden Taipan FX has been updated to deliver transparent and easily analyzable trades, featuring improved backtest accuracy. The system now automatically updates the timezone offset during initialization, ensuring precise entries and exits.

Risk Management and Trade Settings

Risk-Reward Ratio: 1:2
Stop Loss (SL): 500 points
Take Profit (TP): 1000 points

These settings offer substantial reward potential while keeping losses manageable. By default, the system allows for one open position, adjustable up to 100. Increasing the number of positions can enhance profit potential but also raises the system's risk.

Dynamic Lot Sizing

Golden Taipan FX includes an advanced dynamic lot sizing feature. Users can specify the dollar amount per 0.01 lot traded, simplifying the configuration process and effectively managing risk without the high drawdown typically associated with percentage-based risk methods.

System Transparency and Analysis

This version omits trailing stops to enhance transparency and ease of analysis. The fixed stop loss and profit-taking levels are designed to provide consistent results, ensuring accurate backtests and real-time trading alignment.

Strategies and Performance

Equipped with 300 strategies, Golden Taipan FX aims to maintain a high win rate while adhering to a 1:2 risk-reward ratio. The system is designed to deliver robust trading performance and reliability over time.

Trading Approach

Golden Taipan FX adopts a conservative approach to trading gold, avoiding illogical entries and overtrading. It focuses on realistic and accurate trade entries, emphasizing patience and logic in all trading decisions.

Recommendations

For optimal performance, it is recommended to switch from the default fixed lot setting to the dynamic lot setting to safely compound the account as it grows. All other settings should be left on default to allow the system to function as intended.

Compatibility and Support

Golden Taipan FX is compatible with 2 and 3-digit gold symbols but is not applicable to cent accounts. For any questions or requests for future updates, please feel free to contact us. We are always here to support our customers and prospects.

more...

780

Jing2017 Neri 2024.07.24 00:09 #

"I just tested this EA! 🌟 It works incredibly well, even in the most adverse market conditions of XAU. I haven't seen its REAL performance yet, but I will send more feedback later."

3896

220072256 2024.07.24 21:12 #

Today 24 July 2024

2 operations:

A first operation at a loss of 23 euros and a second in profit of 91 euros (Lots 0.1)

One of the best Expert Advisor on MQL5 Market.

Profitable and very dynamic with trailing to limit the losses,and maximize profits !!!!

Compliment to the Author who created this masterpiece !!!

Update 3 August 2024

In the last 10 days (25 July -2 august) this EA has had some stop loss

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170 USD

One Sauce FX: The Ultimate Trading System for EURUSD H1 Overview: One Sauce FX is a premier trading system engineered specifically for the EURUSD pair on the H1 timeframe. This innovative system incorporates a diverse array of expertly developed strategies, all designed to maximize market gains while ensuring robust capital protection. With its sophisticated trade setups, advanced risk management, and cutting-edge features, One Sauce FX offers traders a powerful tool for achieving exceptional p

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Worlds FX : Elevate Your EURUSD Trading Experience Introducing Worlds FX , the premier Expert Advisor designed for trading EURUSD on the H1 chart. With 100 strategies tailored for success, Worlds FX delivers exceptional performance with a high win rate and low drawdown. Here's what makes Worlds FX the ideal choice: Key Features: Advanced Strategy Integration: Utilizes 100 meticulously crafted strategies to capture market movements and optimize trading outcomes. High Win Rate: Consistently deliv

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Prop Farmers Pro: The Elite Trading System for EURUSD H1 Overview: Prop Farmers Pro is a cutting-edge trading system designed specifically for the EURUSD pair on the H1 timeframe. This advanced system integrates over 200 expertly developed strategies, each tailored to capture substantial market gains while ensuring capital preservation. With its intelligent trade setups, robust risk management, and enhanced features including Walk Forward Optimization (WFO), Prop Farmers Pro provides traders wi

250 USD

Turbulence FX, now meticulously tailored for the high-stakes world of prop firm trading, especially on the GBPUSD M15 chart, emerges as a sophisticated Expert Advisor (EA). It's a product of intense market research and strategy development, designed to navigate the complexities of forex trading with a focus on reliability and precision, crucial for success in prop firm environments. The Journey to Prop Firm Perfection Extensive Market Analysis : The development of Turbulence FX is based on a th

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Bonkai XT: The Ultimate Trading System for USDJPY H1 Overview: Bonkai XT is an advanced trading system designed specifically for the USDJPY pair on the H1 timeframe. This system integrates over 200 expertly developed strategies, each tailored to capture substantial market gains while ensuring capital preservation. With its intelligent trade setups and robust risk management, Bonkai XT provides traders with a powerful tool for achieving consistent success in the forex market. Key Features: 200+

250 USD

Dragons Breathe FX for USDJPY H1 Chart For a limited time when you purchase dragons breathe fx you will also get Knox fx or world's fx absolutely free!! $60.00 FIRST 10 COPIES THEN I RAISE THE PRICE TO 120.00!!! --5 COPIES LEFT-- Elevate your trading with Dragons Breathe FX, the Expert Advisor (EA) tailored for the USDJPY H1 chart. Designed to be a powerhouse in the realm of forex trading, this EA combines the predictive precision of Bollinger Bands and the trend-following prowess of Moving A

67.50 USD

Introducing Asunder XT: The Ultimate Forex Trading System for the EURUSD H1 Chart SLASHED PRICES ON THE NEXT 5 COPIES ONLY!!! THESE WILL GO QUICKLY!!! ONLY 50 COPIES WILL BE SOLD BEFORE ITS MADE EXCLUSIVE TO THE 50 BUYERS ONLY!!! GET YOURS NOW!!! SET FILES ARE LOCATED IN THE COMMENTS SECTION OF THE MARKET LISTING!! In the fast-paced world of forex trading, the Asunder XT stands as a beacon of innovation and success. Designed specifically for the EURUSD H1 chart, this powerful Expert Advisor em

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Cherry Red FX Trading System Experience the Power of Cherry Red FX Introducing Cherry Red FX, the ultimate trading system for the USDJPY H1 chart. Designed to deliver robust performance at an affordable price , Cherry Red FX stands out with its unique approach to trading. Key Features: 100 Strategies in One : Cherry Red FX employs 100 different strategies simultaneously on the USDJPY symbol, ensuring amazing precision and a high win rate. Ready for All Market Conditions : Adaptable and resilien

60 USD

Knox FX Trading System FOR OPTIMIZED PERFORMANCE ADJUST THE MAX OPEN POSITIONS TO (48) Achieve Unparalleled Success with Knox FX Introducing Knox FX, the ultimate trading system for the XAUUSD H1 chart. Designed to deliver excessively high trading frequency and unparalleled stability with a 66% win rate over the last 3 years, Knox FX stands out as a top performer in the trading world. Key Features: Excessively High Trading Frequency : Benefit from Knox FX's precision-engineered algorithms tha

230 USD

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60 USD

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60 USD

Unleash your trading potential with the Eightcap Gold EA for XAUUSD on the H1 timeframe, a game-changing tool designed to catapult your profitability to new heights. Crafted over the past three years and powered by live market data from Eightcap servers, this EA features 53 expertly optimized strategies, each meticulously refined to give you an edge in trading gold. Why the Eightcap Gold EA? Unmatched Profitability: Starting with an initial deposit of just $10,000, this EA generates a staggerin

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120 USD

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Parallax FX EA for AUDUSD H1 Chart ONLY 50 COPIES WILL BE SOLD! WHEN YOU PURCHASE PARALLAX FX YOU WILL ALSO RECEIVE WORLDS FX OR KNOX FX ABSOLUTELY FREE!!! (MESSAGE ME AFTER PURCHASE TO RECEIVE THE BONUS SYSTEM) Introducing Parallax FX, the ultimate trading system meticulously engineered for the AUDUSD H1 chart. This advanced Expert Advisor stands at the forefront of financial technology with an arsenal of 300 finely-tuned strategies, poised to execute up to 100 trades simultaneously with surgic

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80 USD

Sunset Overdrive: The Ultimate Trading System for XAUUSD H1 Overview: Sunset Overdrive is a cutting-edge trading system designed specifically for the XAUUSD pair on the H1 timeframe. This advanced system is built to capture the dynamic movements of the gold market, featuring over 200 meticulously crafted strategies aimed at maximizing gains and preserving capital. With an impressive win rate of over 70% and a consistent 1:2 risk-reward ratio, Sunset Overdrive offers traders an unparalleled edge

250 USD

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Introducing CHROME XT for XAGUSD (SILVER) H1: The Pinnacle of Precise Performance ONLY 50 COPIES WILL BE SOLD WITH PRICE INCREASING EVERY 5 PURCHASES UNTIL ALL 50 ARE GONE!! Leverage the collective intelligence of 300 meticulously crafted strategies with CHROME XT, our premier trading system designed for the XAGUSD (SILVER) on the H1 chart. CHROME XT encapsulates advanced financial modeling to deliver unparalleled trading precision. Key Performance Metrics: Stellar History Quality: 99%, ensuring

40 USD

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60 USD

Introducing Adolla Burst FX for EURUSD H1 chart Adolla Burst FX is a groundbreaking expert advisor designed for trading EURUSD H1 chart on the Meta Trader 5 platform, featuring a sophisticated amalgamation of 50 rigorously validated strategies. Developed over an impressive span of 17 years since 2008, Adolla Burst FX stands out for its precision in market despite not using normal TP or SL methods. Its completely indicator based with an advanced reversal function for effective chart navigation.

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90 USD

Widow FX for GER30 - H1 Chart Dominate the Market with Unmatched Precision Widow FX for GER30 is a groundbreaking trading system, specifically designed for the H1 chart, that stands out in the MQL market for its exceptional performance. This elite system features an impressive array of 100 strategies, each meticulously tailored to achieve an excessive win rate. Key Highlights: Superior Win Rate: Boasting a phenomenal 98% win rate in both out-of-sample and in-sample testing cycles since 2021. Min

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THE LEGENDARY AND THE ONE AND ONLY ORIGINAL PROP MASTERS EA!!! Prop Masters EA for GBPUSD H1 Chart: The Epitome of Precision and Performance Embark on a revolutionary trading journey with Prop Masters EA, meticulously engineered for the GBPUSD H1 chart. Dive into the financial currents with a formidable win rate of 96% and a prudent risk management system maintaining a maximum drawdown of just 2.6%. With over 4600+ trades since March 2021, this expert advisor is a testament to consistency and

300 USD

Prop Hunt FX for NZDUSD H1 Chart Unleash the Precision of Advanced Trading Prop Hunt FX is an innovative Expert Advisor (EA) meticulously crafted for the NZDUSD H1 chart. Boasting over 200 distinct strategies, this EA offers traders a powerful and reliable tool to navigate market challenges with precision and confidence. Performance Metrics Risk-Reward Ratio: 1:2 Win Rate: Consistently over 70% over the past three years Key Features Capital Security: Engineered with advanced techniques to safe

250 USD

UPDATED AS OF 3.19.2024 WITH NEW QUALITY CONTROL UPDATE FOR PERFORMANCE VALIDATION! 4 MORE COPIES LEFT AT 60.00 THEN THE PRICE GOES TO 120.00 SECURE YOUR COPY WHILE THE PRICE IS LOWEST! Introducing SHRED FX, the expert advisor designed for the CADJPY H1 chart that has meticulously carved its niche in the trading world. From March 2021 to March 2024, SHRED FX's algorithm demonstrated an extraordinary ability to capture market momentum, amassing an impressive $11,700.00 net profit from a $3,000 b

60 USD

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156

Tung Mai Thanh 2024.08.04 03:52 #

Test results are not the same as reality. Be careful before buying it

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Reply from developer Michael Prescott Burney 2024.08.04 04:09 #

thank you for the feedback Tung Mai Thanh, I have done a very extensive update to the system and took a magnifying glass to the algorithm to fix a handful of bugs effecting the real performance. i hope next week will change your mind about the systems performance. I am here for all of you, and strive to provide only the best. Please take the time to analyze and operate the newly updated taipan this week and report back on the performance of the system! I have high hopes for an impressed Tung Mai Thanh at the end of next week!!! Thanks again :D

311

florinnaparca100 2024.08.02 15:37 #

After every update the backtest look amazing.But in live trading the EA hit stop loss after stop loss.No profit in the last week,still to early to draw a conclusion,but I suspect this is another history reader EA,with amazing backtest and awful live trading

23485

Reply from developer Michael Prescott Burney 2024.08.04 03:28 #

the back tests and live trading will mirror each other with the new update. i am greatly sorry for your dissatisfaction with the previous update. I have fixed several flaws and made the system much more reliable and consistent in hopes to provide the system you wanted at purchase. Thank you for the feedback on Golden Taipan i am working hard every day to bring only the best to the community and i wont rest until i have done just that! Please return to update the review after you have analyzed the newest update further to provide the community with guidance in purchasing the right system for them! I appreciate you very much and look forward to the upcoming week and what it will bring for Golden Taipan! :D

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220072256 2024.07.24 21:12 #

Today 24 July 2024

2 operations:

A first operation at a loss of 23 euros and a second in profit of 91 euros (Lots 0.1)

One of the best Expert Advisor on MQL5 Market.

Profitable and very dynamic with trailing to limit the losses,and maximize profits !!!!

Compliment to the Author who created this masterpiece !!!

Update 3 August 2024

In the last 10 days (25 July -2 august) this EA has had some stop loss

23485

Reply from developer Michael Prescott Burney 2024.08.04 03:25 #

thank you for continuing to update the review for the community! I strive to offer the best and know that with new projects there will be improvements needing to be made. with the most recent update i am confident the system will mirror the performance proclaimed in the description with highly accurate back tests and improvements made while simplifying the algorithm to provide the most transparent performance between back tests and live trading. Thank you for your feedback it helps me greatly to improve the systems i offer and provide the best trading experience possible in the gold market! I look forward to the coming week. :D

780

Jing2017 Neri 2024.07.24 00:09 #

"I just tested this EA! 🌟 It works incredibly well, even in the most adverse market conditions of XAU. I haven't seen its REAL performance yet, but I will send more feedback later."

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Reply from developer Michael Prescott Burney 2024.08.04 03:33 #

your patience with my Golden Taipan is exemplary to say the least knowing last week was not the best after the update previously done, I have returned to the drawing board for this newest update for Golden Taipan! I have confidence in the most recent version of the system updated today and look forward to the update to the review after you have had time to analyze the performance on your account! Thank you for your kindness and commitment to the system. as i have said new products often have minor flaws that show themselves in time. its my job to be on top of them and handle them accordingly to keep the system the best it can be for you all! i strive to only bring the best and i believe i have done just that with the most recent adaptation to the algorithm!

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Extoflex 2024.07.22 08:39 #

Leider muss ich meine gute Bewertung entfernen... Ich habe mir sehr viel mehr erhofft...backtest entsprechen nicht mal annähernd den live Resultaten

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Reply from developer Michael Prescott Burney 2024.08.04 03:12 #

I Have made substantial adjustments and simplified the system to better align with back tests including an extensive training set with high quality data and more robustness. You will find more stable performance in line with what you were expecting with the system this coming week. numerous fixes have been made and will bring much better performance than previous versions. Thank you for your feedback Extoflex, i appreciate all the time you spend analyzing the system it helps out a lot!

Version 500.99 2024.08.04

AIMED TO FIX NEWLY FOUND ISSUES IN THE TIMEZONE OFFSET WHICH IS NOW DONE AUTOMATICALLY
EXCLUDED WFO FOR THIS UPDATE SO I CAN REFINE THE PROCESS AND MAKE IT MORE EFFECTIVE
SYSTEM HAS BEEN TRAINED ON A MORE EXTENSIVE DATA SET WITH HIGHER QUALITY DATA
1:2 RR ON EVERY POSITION
REMOVED THE TRAILING TO ADD CONSISTENCY IN TRADES
ADDED A MORE CONSERVATIVE ACCURATE APPROACH TO TRADE ENTRIES
SIMPLIFIED THE AESTHETICS AND SIZE OF THE PANEL FOR 1920X1080 SCREENS
SYSTEM DEFAULTS TO ONE POSITION AT A TIME TO EXCLUDE UNWANTED HEDGES
500 POINT SL AND 1000 POINT TP WITH A FIXED STOP FOR MORE ACCURATE BACK TESTING AND PERFORMANCE ANALYSIS THAT IS STRAIGHTFORWARD
OVERALL MY AIM WAS TO PROVIDE THE TRANSPARENCY AND PERFORMANCE I PROMISED FROM THE START!!!
THANK YOU EVERYONE!!! LETS MAKE THIS TRADING WEEK THE BEST TRADING WEEK OF THE YEAR!!!

Version 198.6 2024.08.01

drastically enhanced robustness
back test now further aligns with live trading across all brokers
enhanced trading frequency
newly validated SL and TP set for each strategy
all new strategies have their own trailing validated on 15 brokers to be effective
178 strategies widely compatible with all brokers
works on 2 and 3 digit gold
enhanced system transparency

Version 167.0 2024.07.29

Removed Risk Percentage Function
Added a Dynamic lot input in place of risk percentage
added the ability to change the preference for trade direction
added improved strategies to the index
added the session time inputs in hours instead of seconds for easier adjustments