The Power of Gold MT4
Welcome to The Power of Gold Expert Advisor, a state-of-the-art trading system designed to provide traders with a reliable, secure, and adaptable tool for navigating the complexities of the gold market.
| SET UP | |
|---|---|
| Symbol | XAUUSD/GOLD |
| Timeframe | M30/H1 |
| Settings | NEED SETFILE (pls pm me for the setfile after purchasing this bot) |
| Brokers | Any |
| Minimum Deposit | 500 (high risk) |
| Recommended Deposit | 1000 (medium risk) |
| Account | Standard, Leverage 1:500 |
Expert input:
1. Manage Open Positions
- Period in bars: Define how many bars the strategy should look back to analyze past data and make trading decisions.
2. Manage Lot and Money
- Lot Type: Select lot type
- AutoLot: Manage auto calculation lots
- if AutoLot = true, fill in Money to manage, $: Fill in money to manage (Ex. Balance 5000, fill in 1000, Autolot = 0.05)
- if Autolot = false, fill in Start Lot: fill in the initial lot
- Coefficient Multiplier for Martingale 4: Multiplier lot coefficient
- Coefficient Multiplier Manual Lot Step: Multiplier lot coefficient
- Maximal Lots: max lots per trade
- Maxtrade: Max trade allowed
3. Manage GRID
- Step (in pips): Distance to open the next position
- Expanding Step Coefficient: step multiplier coefficient
4. Manage SLTP
- Use Stoploss and Take Profit, in pips
- Stop Loss(in pips), 0= no stoploss
- Take Profit(in pips), 0= no take profit
5. Manage Trailing
- Averaging Trailing, in pips: Trailing all in pips
- Trailing Start (in pips): Trailing starts in pips
- Trailling Size (in pips): Step trailing in pips
6. Manage Break Even
- Use Break Even: Enable Break even
- Break Even Start, in pips
- Break Even Step, in pips
7. Manage Drawdown Reduction
- Use Auto Close Partial:
- Select Close Partial Method:
Close partial buy & sell: partial close by bringing 1 buy loss & 1 sell loss
Close Partial Buy/Sell 1: means the bot will close partial far loss 1 buy or 1 sell position.
Close Partial Buy/Sell 2: meaning the bot will close partial far loss 2 buy or 2 sell positions.
Close partial all 1: A combination of close partial buy & sell and close partial buy / sell 1.
Close partial all 2: A combination of close partial buy & sell and close partial buy / sell 2.
- Number of trades to activate partial close: Minimum open positions to start partial close.
- Select Partial Takeprofit Method : Pips or Money
- Minimum profit to close partial : Minimum profit to do partial close
- Auto Close Partial 3: enable/disable auto close partial 3
- Select Close Partial 3 Method
- Number of trades to activate partial close 3
- Lots to start partial closing: minimum lots to activate partial closing 3
- min Profit to close(in pips): Minimum profit to be able to close a position
- Partial close percentage, % : How many % lots will be closed. Ex. 50% x lot 0.1 = 0.05 lot to close partial
8. Manage News
- Stop Trade by News: Enable or disable the news filter to avoid trading during significant news events.
- Show News Only This Chart Currency: Display news related to the current chart/symbol only.
- High/Medium/Low Importance News: Classify news based on its importance and set colors for each category.
- Stop trade X seconds before the news: Stop trading a specified number of seconds before the news release.
- Stop trade X seconds after the news: Stop trading a specified number of seconds after the news release.
- Show timer before and after news: Display a timer for the duration before and after the news event.
- Period news updates in seconds: Set the interval for news updates in seconds.
9. Manage Others
- Max Spread (in Pips): spread allowed
- Magic number : EA identifies open positions based on this magic number.
