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Algo Gold EA

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Published: 15 August 2023

Current version: 1.0

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Overview
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Algo Gold EA

Name: Algo Gold EA
Rating: 3.962264 (53 reviews)
Author: Stuart James Winter

3.96

Introducing the Algo Gold EA, a sophisticated and low-risk expert advisor meticulously crafted for traders seeking a powerful scalping strategy.

With a focus on minimizing drawdown and implementing robust risk management, this automated trading system is designed to deliver consistent results in both live and demo accounts.

One of the standout features of the Algo Gold EA is its ability to halt trading activity upon reaching profit targets.

This ensures that profits can be withdrawn from live accounts or adjustments can be made to set files in demo accounts.

Once these actions are completed, the EA resumes trading from its initial stage, allowing traders to maintain control over their investment

Whether you're a professional trader or new to trading, the Algo Gold EA offers a reliable and efficient solution for maximizing returns while mitigating risk.

Take your trading to the next level with this innovative expert advisor.

For traders with account balances ranging from 1000 to 9000, optimizing parameter settings in the Algo Gold EA is essential for maximizing performance. Adjusting these settings ensures that the EA operates effectively within the specified account size. Here's a guide on how to adjust your parameter settings to match the appropriate setfile:

Stop Trading at This Equity and Close Trades at This Cycle Profit:

In the parameter settings of your setfile, locate the "Stop Trading at This Equity" and "Close Trades at This Cycle Profit
For every 1000 increase in your account balance, add the following amounts to these fields: 1100, 2200, 3300, 4400, 5500, 6600, 7700, 8800, 9900
This adjustment ensures that the EA halts trading and closes trades once the equity or cycle profit reaches the specified levels, helping to safeguard profits and manage risk effectively.

Initial Lot Value:

adjust the initial lot value based on your account balance. For every 1000 increase in your account balance, add an appropriate lot size to the initial lot value.

1000 balance: Initial Lot Value = 0.01
2000 balance: Initial Lot Value = 0.02
3000 balance: Initial Lot Value = 0.03
4000 balance: Initial Lot Value = 0.04
5000 balance: Initial Lot Value = 0.05

By following these adjustments, traders can tailor the Algo Gold EA to their specific account sizes, optimizing performance and minimizing risk. If your account balance falls within the 1000 - 9000 range, you can download the appropriate setfile via the following link: 1000.set

Take advantage of these parameter setting adjustments to unlock the full potential of the Algo Gold EA and elevate your trading experience.

To set up your trading environment for optimal performance with the Algo Gold EA, follow these steps:

1. **Trading Instrument:**

- Trade XAUUSD (Gold) to leverage the scalping strategy of the Algo Gold EA effectively.

2. **VPS (Virtual Private Server):**

- Utilize a VPS for automated trading to ensure continuous operation without interruptions due to internet connectivity issues or power outages. This ensures that the EA can execute trades consistently and without delay.

3. **Timeframe:**

- I recommend using the H4 (4-hour) timeframe for trading with the Algo Gold EA. This timeframe provides a balance between capturing significant market movements and reducing noise, allowing the EA to make informed trading decisions.

4. **Enable Live Trading:**

- In the setfile provided, click on "Enable Live Trading" to activate the EA for live trading. This allows the EA to execute trades in real-time based on the predefined parameters and strategy.

5. **Auto Trading in MT4:**

- Within your MetaTrader 4 (MT4) platform, ensure that auto trading is enabled. This setting allows the EA to automatically execute trades according to its programmed strategy without manual intervention.

By following these setup instructions, you can effectively configure your trading environment to optimize performance with the Algo Gold EA. With the right instrument, timeframe, and setup, you can maximize the potential for success in your automated trading endeavors.

**Disclaimer:**

Trading in financial markets carries inherent risks, and it's essential to approach trading with caution and a thorough understanding of these risks. It's important to acknowledge that trading involves the potential for financial loss, and you should only invest funds that you can afford to lose.

While the Algo Gold EA is designed to implement a carefully crafted scalping strategy with the aim of minimizing risk, it does not guarantee profits or protection against losses. Market conditions can be unpredictable, and past performance is not indicative of future results.

Before engaging in any trading activity, it's crucial to conduct thorough research, seek advice from financial professionals, and carefully consider your risk tolerance and investment objectives. Additionally, it's recommended to practice responsible risk management techniques, such as setting stop-loss orders and diversifying your investment portfolio.

By using the Algo Gold EA or any other trading tool, you acknowledge and accept the risks associated with trading, and you agree to hold harmless any developers, providers, or affiliates of the software for any losses incurred.

Remember, only invest what you can afford to lose, and trade responsibly.

more...

Sunny Delvadia 2024.12.30 08:21 #

hello developer, i have installed this, but didnt take any trade

Aliw ML 2024.10.24 18:15 #

great

76534679 2024.09.18 20:49 #

Recompile Communicator.ex4 please

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Aureus Quantum Surge-H1: Unlock the Potential of Gold Automated Trading Limited Time Offer: Special Offer: Current Price $799 (Limited Time)! Next price: $899 Real Account Signal: https://www.mql5.com/en/signals/2297864?source=Site+Profile+Seller Overview Aureus Quantum Surge-H1 is a state-of-the-art Expert Advisor designed for trading XAUUSD (Gold) on the H1 timeframe. It integrates multiple technical indicators with robust risk management techniques to deliver consistent performance in th

799 USD

The Expert Advisor is a system designed to recover unprofitable positions. The author's algorithm locks a losing position, splits it into many separate parts, and closes each of them separately. Easy setup, delayed launch in case of drawdown, locking, disabling other Expert Advisors, averaging with trend filtering and partial closing of a losing position are built into one tool. It is the use of closing losses in parts that allows you to reduce losses with a lower deposit load, which ensures saf

195 USD

Tailored specifically for prop firm challenges and live prop firm accounts, the Algo Gold Premium Expert Advisor functions as a scalping robot, employing an innovative low-risk strategy. When equipped with a chosen setfile, this expert advisor efficiently completes a prop firm challenge within a week, enabling swift acquisition of a funded account. With a robust risk management system in place, the EA automatically halts trading once the profit target set by your prop firm is achieved. Shou

120 USD

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122

Muhammad Syazwan Bin Mhd Radin 2025.04.01 16:11 #

macam lancauu ea ni

[Deleted] 2025.03.30 02:54 #

User didn't leave any comment to the rating

Carine Emilie Gnaka Nkan 2025.03.26 14:22 #

Hi there, the Algo gold EA is opening long and short positions at the same time and too many of them, how can i change it to open buy or sell seperately. Thanks carine

Asylbek_91 2025.03.23 14:29 #

Без файлов с настройками полная лажа

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MIGUEL ANGEL RUIZ GARCIA 2025.02.06 13:36 #

Agradecer el trabajo gratuito.... Pero no es fiable...destroza las cuentas

[Deleted] 2025.02.03 03:48 #

User didn't leave any comment to the rating

3044185 2025.01.12 21:36 #

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ROSTLE “rose” 2025.01.02 08:38 #

Hey i noticed that the EA wasn't very good on news event's is there a way to automatically close the trades when a high impact news will come

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Reply from developer Stuart James Winter 2025.01.02 19:22 #

yes thats what the ea does

Sunny Delvadia 2024.12.30 08:21 #

hello developer, i have installed this, but didnt take any trade

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Reply from developer Stuart James Winter 2024.12.30 09:02 #

its because it is the xmas holidays

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Maz 2024.11.07 23:59 #

Sorry it didn't work for me. I couldn't find any support so I have stopped using it

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Reply from developer Stuart James Winter 2024.11.08 12:37 #

well thats fair enough its not for everyone i wish you well

Aliw ML 2024.10.24 18:15 #

great

wy90 2024.10.04 11:51 #

User didn't leave any comment to the rating

76534679 2024.09.18 20:49 #

Recompile Communicator.ex4 please

MattiaCata92 2024.09.03 07:28 #

Hi, I don't understand why the bot works very well if the market goes up and down, but if it goes in only one direction it never closes positions at a loss and continues to keep them open Why does this happen? Am I doing something wrong?

renegade56 2024.09.02 06:43 #

Thank you for the free EA. How long does it take to start trading? Also I noticed from one of the pics it show my acct info etc. Mine is just black box? And help would be appreciated.

domii958 2024.07.26 17:00 #

User didn't leave any comment to the rating

csmoura Moura 2024.07.07 02:37 #

Caro Stwart já estou usando o seu robo nesta versao gratuita e estou gostando muito a minha pergunta é este tem validade? E o que compoe a versão premium, possui alguns recursos a mais, vc ira dar suporte para o mesmo? Grato pelo seu robô está muito bom e continuarei usando.

dipakvz 2024.05.22 13:04 #

Great work Stuart, A huge thank you. one of the best hedging ea on MQL5 and its hard to believe its actually FREE. I m testing on demo account with setting suggested by Stuart, it Works exactly as described by the developer with unbelievably low drawdown. It generates profits consistently...couldn't ask for anything better.

prajuk 2024.05.14 20:51 #

User didn't leave any comment to the rating

Sagittt50 2024.05.14 19:18 #

Hi, So far on gold very good results. I have a question, how to tailor this to the SP500 index where my spread is extremely low.

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