Tulips MT5
It's currently free for a limited time.
The EA is integrated with eight algorithms, all of which are trend-tracking strategies. It only opens one position at a time, and each position comes with stop-loss protection. It trades either long or short, but not both simultaneously, ensuring there is only one active position at any moment. Risky strategies such as Martingale and grid trading are not employed.
Each of the eight algorithms has an independent on/off switch, allowing you to activate a single algorithm for use. When using multiple EAs, please modify the identification codes to avoid conflicts.
Algorithm 1 is the core algorithm, which analyzes price action using candlestick patterns.
The stability parameter is set to 3 by default. It is recommended to set it between 1 and 5. A setting of 1 represents high-frequency trading, and the larger the value, the lower the frequency of position opening. This parameter affects all algorithms.
Algorithms 2 - 7 add additional technical indicators on the basis of Algorithm 1.
Before use, please conduct thorough backtesting and simulation to select the optimal parameters that suit the market trends.
You can turn on the switch of any one algorithm from 1 to 8.
The stability parameter is set to 3 by default. It is recommended to set it between 1 and 5. A setting of 1 represents high-frequency trading, and the larger the value, the lower the frequency of position opening. This parameter affects all algorithms.
Algorithms 2 - 7 add additional technical indicators on the basis of Algorithm 1.
Before use, please conduct thorough backtesting and simulation to select the optimal parameters that suit the market trends.
You can turn on the switch of any one algorithm from 1 to 8.
The trading instrument is gold (XAUUSD).
The stop-loss is set at 5000 (equivalent to $5).
The take-profit is set at 10000 (equivalent to $10).
When the automatic fund management switch is enabled, for every $1000 in the account, 0.01 lots will be opened.
When the recovery mode is activated, if the most recent historical position incurs a loss, the lot size of the next position will increase. There is a certain risk of consecutive losses in this mode, so please use it at your own discretion.
The default lot size is 0.01.
The default chart time frame is M5. It is recommended to set it to M5, M15, or M30.
It is advisable to use an ECN broker with low spreads and operate in an environment where the spread is below 0.1 - 0.2.
The stop-loss is set at 5000 (equivalent to $5).
The take-profit is set at 10000 (equivalent to $10).
When the automatic fund management switch is enabled, for every $1000 in the account, 0.01 lots will be opened.
When the recovery mode is activated, if the most recent historical position incurs a loss, the lot size of the next position will increase. There is a certain risk of consecutive losses in this mode, so please use it at your own discretion.
The default lot size is 0.01.
The default chart time frame is M5. It is recommended to set it to M5, M15, or M30.
It is advisable to use an ECN broker with low spreads and operate in an environment where the spread is below 0.1 - 0.2.
Some practical trading tips: Gold generally shows an upward trend throughout the year. During periods of stagnant growth, it usually moves in a sideways range, and continuous downward trends are rare. In actual trading, when there is a continuous upward trend on the 4H or 1D time frame, you can open only long positions and close short positions. When the market shows a bearish bias on the 4H or 1D large time frames, you can open both long and short positions.
Before and after major news releases such as employment, interest rates, and inflation data, please reduce the position size or suspend trading. For every $1000 in the account, open 0.01 lots.
In a low-volatility market environment with volatility below 1 - 2% and no significant news, for every $1000 in the account, you can open 0.05 - 0.1 lots. Adjust the lot size according to your own needs.
The minimum account balance required is $100 for trading 0.01 lots.
Before and after major news releases such as employment, interest rates, and inflation data, please reduce the position size or suspend trading. For every $1000 in the account, open 0.01 lots.
In a low-volatility market environment with volatility below 1 - 2% and no significant news, for every $1000 in the account, you can open 0.05 - 0.1 lots. Adjust the lot size according to your own needs.
The minimum account balance required is $100 for trading 0.01 lots.
If you need assistance, please leave me a message in the comments section.
Tulips MT5 is working with profit for me after i fine tuned the settings for xauusd m15 . Good work !