Midas Bot MT4
- Experts
- Crispin Tibilla
- Versione: 1.0
- Attivazioni: 5
Midas Bot - Gold Trading Expert Advisor
Midas Bot is a dedicated Expert Advisor designed specifically for XAUUSD (Gold) trading. This EA implements an intraday strategy focused on precision and risk management.
Key Features
- Specialized: Exclusively trades Gold (XAUUSD)
- Implementation: Utilizes built-in MT4 indicators with carefully calibrated entry parameters
- Time Frame: Intraday trading approach
- Setup: Streamlined configuration process with clear documentation
- Risk Management: Comprehensive position sizing and risk control features
- Compatibility: Suitable for both proprietary trading firms and retail accounts
- Capital Requirements: Optimized for various account sizes
Technical Specifications
- Platform: MetaTrader 4
- Trading Instrument: XAUUSD (Gold)
- Trading Style: Intraday
- Minimum Account Size: $500
Parameter Configuration
- Risk Profile: Select between 'Low', 'Medium' and 'High' risk.
- Low risk: lower returns with higher win rate and least drawdown
- Medium risk: average returns with high win rate and less drawdown
- High risk: highest returns with lowest win rate and high drawdown
- Risk Type Per Trade: Select between 'Percentage of Balance', 'Cash Amount', 'Fixed Lot Size'
- Risk Value: Enter value based on above selection. For example; 1.00 - 'Percentage of Balance', 50 - 'Cash Amount', 0.20 - 'Fixed Lot Size'
- Alert On Trade: Send terminal alert when trade is placed?
- Notification On Trade: Send mobile notification when trade is placed?
- Max Spread: Only take trades when spread less than 'Max Spread'.
- Value of 0: Ignore spread value
- Daily Drawdown Type: Select between 'Percentage of Daily Starting Balance' and 'Cash Amount'
- Percentage of Daily Starting Balance: Use a percentage of starting balance for the day as drawdown or profit limit
- Cash Amount: Use a specific cash amount as drawdown or profit limit
- Max Daily Profit: Close all running trades when net daily profit exceeds above input. Value 0: do not check this condition
- Max Daily Loss: Close all running trades when net daily loss exceeds above input. Value 0: do not check this condition
- Activate Breakeven: Move stop loss to breakeven. This is only for 'High Risk' profile
Recommended Settings
- Test different risk profiles and select most suitable.
- Use suitable broker spread for 'Max Spread' input
- Find attached personal .set file.
For optimal results, please ensure your broker offers competitive Gold trading conditions.