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Gold4L Clover

150 USD

Demo downloaded: 13

Published: 28 July 2024

Current version: 1.5

Gold4L Clover

Name: Gold4L Clover
Price: 150.00 USD
Author: Omer Ijaz

Experts
Omer Ijaz
Version: 1.5
Updated: 17 October 2024
Activations: 10

Gold4L Clover EA

THIS PRICE IS VALID TILL 2 WEEKS

Overview: Gold4L Clover EA is a powerful automated trading system designed specifically for trading the GOLDUSD pair. This Expert Advisor operates on a daily timeframe, implementing a robust strategy that places multiple pending orders daily based on historical price levels. With a focus on risk management and optimized performance, Gold4L Clover EA ensures high trading precision and profitability.

Key Features:

Trading Instrument: GOLDUSD
Timeframe: Daily
Order Types: Pending orders (Buy Stop and Sell Stop)
Equity Range: Operates within a user-defined equity range to ensure safety and proper capital management.
Lot Size: Adjustable lot size with a default of 0.02.
Trading Hours: Configurable start and end hours, allowing trades only within specified times.
Take Profit and Trailing Stop: Configurable take profit points and trailing stop points for optimal trade exits.
Multiple Trades: Capable of placing multiple trades each day, with the number of trades configurable by the user.
Risk Management: Ensures there is sufficient margin available for each trade and validates trade volume according to broker requirements.

Parameters:

MinEquity: Minimum account equity required to trade (default: 100).
MaxEquity: Maximum account equity allowed for trading (default: 100000).
LotSize: Default lot size for each trade (default: 0.02).
StartHour: Trading start hour (default: 0).
EndHour: Trading end hour (default: 23).
TakeProfitPoints: Points for take profit (default: 100).
TrailingStopPoints: Points for trailing stop (default: 6).
NumberOfTrades: Number of trades to place each day (default: 4).

Functionality:

Pending Orders: Places buy stop and sell stop orders based on the previous day's high and low prices.
Trailing Stop: Dynamically adjusts stop-loss levels to lock in profits as the market moves favorably.
Margin Check: Ensures there is sufficient margin available for each trade before placing orders.
Volume Validation: Confirms that the trade volume complies with the broker's minimum and maximum volume requirements.

Detailed Description: Gold4L Clover EA is designed to place pending buy and sell stop orders at the previous day's high and low prices, respectively. The EA checks if the current equity is within the specified range before placing trades. It ensures that the last order was not placed on the same day to avoid duplicate trades.

For buy stop orders, the stop loss is set at the previous day's low, and the take profit is set a specified number of points above the previous day's high. For sell stop orders, the stop loss is set at the previous day's high, and the take profit is set a specified number of points below the previous day's low.

The EA includes a trailing stop mechanism that adjusts the stop-loss level as the market moves in favor of the trade. The trailing stop is activated only if the new stop loss is better than the current one and if it meets the minimum movement condition from the entry price.

Use Case: Gold4L Clover EA is ideal for traders who focus on the GOLDUSD pair and prefer automated trading strategies. It suits those who require precise risk management and flexible trading hours. The EA is designed to perform well on raw spread accounts.

Requirements:

Account Type: Raw account with low spreads is preferred.
Broker: Adapted for brokers offering raw spread accounts.
Trading Platform: MetaTrader 5.

Disclaimer: Trading involves significant risk, and it is essential to understand the risks before using this EA. Ensure to test the EA on a demo account before deploying it on a live account.

Support and Updates: Regular updates and support are provided to ensure the EA adapts to changing market conditions and maintains optimal performance. For any queries or support, please contact us through the MQL5 community.

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Reply from developer Omer Ijaz 2024.09.09 18:37 #

Thank you for your review and for bringing this issue to my attention. I will make sure to resolve the problem and provide you with the updated set file as per your preferences. I appreciate your feedback and continued trust. Thank you once again. I am glad I was able to resolve the issue, :)

Version 1.5 2024.10.17

U.S. News Session Control: The EA includes an option to avoid trading during the U.S. news session. This feature is controlled by the AvoidUSNewsSession parameter, which is off by default, allowing trades to be placed during the U.S. news session unless the user enables this feature.

Customizable U.S. News Timing: Users can customize the start and end times of the U.S. news session by adjusting the USNewsStartHour and USNewsEndHour parameters, offering flexibility to align the EA's behavior with market conditions during U.S. news events.

Version 1.4 2024.10.17

The news filter enhancement ensures that the EA avoids placing trades during high-impact news events by incorporating a customizable buffer time before and after the specified news period.

Version 1.3 2024.09.05

STABLIZED.

Version 1.2 2024.08.01

Gold4L Clover EA v1.2

The Gold4L Clover EA is designed specifically for trading the GOLDUSD pair, optimized for raw spread accounts but also capable of working on standard accounts. This updated version 1.2 includes several enhancements, such as a unique magic number for trade identification and improved parameter flexibility. The EA places two pending orders daily based on the previous day's high and low, with customizable lot sizes, trading hours, take profit, and trailing stop points. It also ensures proper margin and volume validation to meet broker requirements. Experience consistent and strategic trading with Gold4L Clover EA!

Gold4L Clover

Gold4L Clover EATHIS PRICE IS VALID TILL 2 WEEKS

Gold4L Clover EA

THIS PRICE IS VALID TILL 2 WEEKS