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Goldenrod EA MT4

Goldenrod EA is a fully automatic trading advisor which contains several trading systems mainly based on default meta trader indicators, support resistance, and candlestick formations. Each trading system has it own entry and exit algorithm, and sometimes hedge each other to reduce equity drawdown. This robot advisor can be used for all pairs and all time frames, but it is specifically designed for Gold XAUUSD 1H time frame. 


Main Features:  
  • No Martingale. 
  • No Grid.
  • No Averaging.
 
Setting Parameters:
  • Expert Name - EA name and trades comment. 
  • Magic Number - EA identification number to identify trades, and must be different to other EA. 
  • Lot Size - Fixed lot size. 
  • Allow Hedging - If false, EA only sent one order at a time.
  • Stop Loss (Pips) - Fixed Stop loss for each order.
  • Take Profit (Pips) - Fixed Take Profit for each order.
  • Averaging Basket TP ($) - Averaging basket take profit of buy or sell orders in account currency (zero value means disabled).  
  • Max Spread Allowed (Points) - If spread goes higher, EA won't trade.
  • Trailing Stop Loss - true to drag stop loss at SL distance.

Recommendations:  
  • XAUUSD  H1.
  • Zero spread ECN or raw spread account.
  • Account that support hedging. 


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