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Algo Gold EA

FREE

Published: 15 August 2023

Current version: 1.0

Algo Gold EA

Name: Algo Gold EA
Rating: 4.173913 (46 reviews)
Author: Stuart James Winter

4.17

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This ensures that profits can be withdrawn from live accounts or adjustments can be made to set files in demo accounts.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

Aliw ML 2024.10.24 18:15 #

great

76534679 2024.09.18 20:49 #

Recompile Communicator.ex4 please

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.

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Filter:

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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MichaellaJans 2024.05.01 11:59 #

I don’t believe in strategy testers, I only believe when I see how the advisor trades and what strategy he uses. There was no trade in my demo account for several days

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Reply from developer Stuart James Winter 2024.05.01 12:56 #

how can i assist you there must be a reason why you havent had a trade in your demo account for several days

Caner şehit 2024.04.28 21:25 #

Based on what logic was this EA made? This is one of the worst free EA's out there. It is 100% an EA for you to lose. Don't believe those who praise this EA here because they are deceiving people.

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Reply from developer Stuart James Winter 2024.04.29 03:03 #

i beg to differ i have helped many people make consistent profits oliver sinclair is one of them its not the ea thats the problem its how you decide too use it ie changing the paramter settings

Mwansa Chibamba 2024.04.19 19:41 #

Absolutely the best hedging ea on MQL5 and its hard to believe its actually FREE. Works exactly as described by the developer with unbelievably low drawdown. It generates profits consistently...couldn't ask for anything better. Job well done Stuart :)

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Maksim Rutskin 2024.04.16 07:13 #

даже в тестере не показывает результаты , очередной мусор .

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Jin Qin 2024.04.09 15:27 #

您好，请问这个策略如何处理买单和卖单之间差距越来越大的情况。

Oliver Sinclair 2024.04.04 13:56 #

I've been trading with the Algo Gold EA, and it's absolutely phenomenal. This robot is by far the best I've ever used. It operates flawlessly and consistently generates profits. Simply SUPERB! A huge thank you to the developer.

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Reply from developer Stuart James Winter 2024.04.04 20:41 #

thats why i love creating expert advisors too give traders the right tools too prosper

xbuddynet 2024.03.07 05:54 #

I really like this EA, very grow fast from $1000 to $2000 just a month, sadly but I've got MC in just few days :( start from 8-feb-2024 to 5-mar-2024.

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Dmitrijs Ivanajevs 2024.01.12 08:45 #

Торгую на реальном счёте (центовом). Работает отлично. P.S. На мой взгляд, ОЧЕНЬ не хватает уведомлений на телефон о том, что советник стоит без дела. Нужно постоянно мониторить его. Используйте настройки автора и всё будет хорошо.

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Reply from developer Stuart James Winter 2024.01.12 09:33 #

thankyou for the 5 star review im glad everythings working great for you and your making good returns and you are exactly right follow the instructions and it works

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Adrian Brian Irvine Balson 2023.12.28 04:53 #

Sorry to say....could not get it to be profitable in a sideways market or any.

Added in reply " Gold is not a sideways market as we all know"

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Reply from developer Stuart James Winter 2023.12.28 10:51 #

as long as the profits are good and your equity is safe is a sideways market relevant ?

Mohamed Madani 2023.12.27 12:57 #

The trader has been great, opening lots of good profitable trades and closing them. But for some reason since I added the setfile, it opens 2 trades (buy and sell) and there is no risk management when the market is moving in 1 way (bullish or bearish) how do I avoid the 2 trades and force the bot to only open 1 trade at a time or open 2 in the same direction (2 sell or 2 buy)?

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