Gold knight RTX

Discover the next generation of automated trading with the GOLD KNIGHT — an advanced trading bot meticulously crafted for the MQL5 platform. Designed for traders seeking precision and profitability, this Expert Advisor (EA) combines dynamic position sizing, reliable risk management, and sophisticated trade execution to navigate complex markets.

How to set up EA in mt5

SET FILE

Key Features: Dynamic Position Sizing:

• The EA intelligently adjusts position sizes based on market conditions, ensuring optimal trade volumes within broker requirements.
• It automatically calculates minimum and maximum permissible volumes, adjusts volume steps, and ensures all trades adhere to set limits.

Advanced Trade Management:

• Take Profit (TP) and Stop Loss (SL): Sets precise TP and SL points for each trade to maximize profits and minimize losses.
• Volume Adjustment: Ensures position size complies with broker limits, dynamically adjusting based on current market conditions and available margin.

Smart Trade Execution:

• Trades execute only when predefined conditions are met, ensuring each trade aligns with your strategy.
• The EA continually monitors the market, placing trades at precise entry points and adjusting TP and SL levels as needed.

Robust Risk Management:

• Utilizes a unique lot-sizing strategy where initial lots are multiplied by a coefficient (default 2), controlling risk escalation.
• Built-in mechanisms prevent excessive leverage, adjusting position sizes considering aggregate open positions and pending orders.

Seamless Integration:

• Designed for easy integration with your trading platform, the EA includes straightforward initialization and de-initialization processes.
• Supports customization via input parameters, allowing traders to adapt the EA's behavior to specific needs.

Technical Specifications:

• Initial Lot Size: Configurable, starting from 0.01 lot.
• Lot Size Increase Coefficient: Default coefficient of 2 for position scaling.
• Take Profit Points: Default 600 points.
• Stop Loss Points: Default 600 points.
• Magic Number: Default 1111 for unique trade identification.

How It Works: Initialization:

• Configures with a unique magic number for trade management and identification. Monitoring and Execution:
• Continuously monitors market conditions.
• Executes trades with calculated position sizes, setting appropriate TP and SL levels. Dynamic Adjustment:
• Adjusts position sizes based on broker limitations and current market volume. Post-Trade Management:
• Analyzes closed trades for profit/loss.
• Adjusts trading permissions based on results to optimize future performance.

Experience the future of automated trading with Market Waves Top and Bottom EA — your partner in achieving consistent trading success. Download now and elevate your trading strategy to new heights.

Disclaimer: Please read before real-time trading. The provided information is for educational purposes only and is not financial or investment advice. Trading carries high risks and may result in significant losses. Always conduct thorough research and consult with a qualified financial advisor before trading. Past results are not indicative of future success. Trade only with money you can afford to lose. You are fully responsible for your trading decisions and any resulting profits or losses.