Misty Gold Pips
- Experts
- Nguyen Hang Hai Ha
- Version: 1.0
- Activations: 20
EA Misty Gold Pips is an automatic trading robot programmed with exclusive and unique algorithms. Expert is optimized for the Gold market. EA's strategy applies movement patterns along with price momentum for reliable and accurate signals. Combine with position management and risk management strategies to create a high probability of winning. EA's entry method identifies volatility signals, then simultaneously places 2 Buy Stop and Sell Stop orders, then momentum will decide to execute 1 order in the direction and cancel the opposite order. Floating positions are managed and closed according to the EA's strategy, along with Stop Loss, Close all on Friday options for risk management.
The Max Stop Loss setting value is usually large for the EA to deploy its unique position management strategies.
EA is simple to install and use without the need for set files. The default settings are the standard and recommended setting (for XAUUSD with 2 digits).
Settings:
| Max Spread | = 25 to 50 (Must be higher than the average spread of the currency pair) |
| Fixed Lot | = 0.0 (activated Auto Lot); Fixed Lot > 0 (your manual lot size) |
| Auto Lot | = 0.5 to 2.5 (= 1.0 mean auto lot size = 1.0 lots per $100,000 balance, or 0.01 lots per $1,000 balance...) |
| Take Profit | = 250 (points) |
| Max Stop Loss | = 2500 (points, = 0 mean No use) |
| Use Trailing | = True (or False) |
| Trailing | = 10 (points) |
| Close all on Friday | = True or False |
| Time Close all on Friday | = 22:15 |
| Time Filter, Magic Number, Comment | = your value or set default |
* 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:
Time frame: M1 or M5. Use VPS with low latency (<10ms).
Use EA with ECN or Raw spread accounts, spread < 25 points. Min Balance: $ 300
Stops Level = 0 (check the Stops Level by: Press Ctrl + U, select currency pair, click Properties and Stops Level on the 3rd line)
Download history before backtest (Press F2, find currency pair, then Download). Backtest with model: Every tick.
Note:
+ If you use EA with Gold and the price has 3 decimal places (like 2230.123), then you need to increase 10 times the value of Max Spread, Take Profit, Trailing parameters. For example, set Take Profit = 2500 (instead of the default value = 250), Max Stop Loss = 25000. Because Point calculation is different with 2 decimal places.
