Leap of Faith GOLD MT4
Leap of Faith Gold is designed to trade GOLD by placing pending orders based on high low at certain periods by taking advantage of strong momentum.
Why Leap of Faith Gold :
- Leap of Faith Gold is a fully automatic trade system.
- Does not use any risky strategies such as martingale, grid or multiple orders.
- Each trade is protected by stoploss 100 pips.
| SET UP | |
|---|---|
| Symbol : | XAUUSD/EURUSD/GBPUSD/USDJPY |
| Timeframe : | H1/M30 |
| Test Period: | 2020-2023 Every Ticks |
| Type of account : | PRO, ECN, RAW, Hedging, Leverage 1:500 |
| Settings : | Need Setfile |
| Minimum/Recommended Deposit : | 100$/1000$ |
| Can work with other EAs : | Leap of Faith GOLD can work properly with other EA in the same account |
Expert input:
1. Manage Open Positions
- Period in bars for indicators : How many bars should look back
2. Manage Lots and Money
- AutoLot: Enable/disable autolots
- if AutoLot = true, fill in Money to manage, $: Fill in money to manage (Example: your Balance 1000, fill in 200, Autolot = 1000/200=5 x 0.01 =0.05, so every 200$ increase, the lot will increase by 0.01)
- if Autolot = false, fill in Start Lot: fill in the initial lot
- Maximal Lots: max lots per trade
3. Manage SL-TP Settings
- Stoploss & Takeprofit (in pips): enable/disable virtual stop Loss & takeprofit
- Stop Loss(in pips), 0= no stoploss: Stop loss in pips
- Take Profit(in pips), 0= no takeprofit: Takeprofit in pips
4. Manage Trailing
- Trailing: enable/disable Trailing
- Trailing Start (in pips): Trailing starts in pips
- Trailing Size (in pips): Step trailing in pips
5. Manage BreakEven
- Break Even: enable/disable Break even in pips
- Break Even Start, in pips : Break even start
- Break Even Step, in pips : Break even step
6. Time Management
- Use time control: restrictions on trading hours and days, this only applies to opening a new cycle. Timings use broker's server time.
- Trade Start Time: Time to start trades
- Trade End Time: The time the trading session ends
- Trade in Monday: enable trade in Monday
- Trade in Tuesday: enable Trade in Tuesday
- Trade in Wednesday: enable Trade in Wednesday
- Trade in Thursday: enable Trade in Thursday
- Trade in Friday: enable Trade in Friday
7. Manage Others
- Max Spread (in Pips): maximum spread allowed
- Max Slippage (in Pips): maximum slippage allowed
- Coefficient (if Freeze=0 Or StopsLevels=0) : Fill in at least 1, only to anticipate volatile market conditions and the broker will increase freezelevel and stop level.
- Magic number : EA identifies open positions based on this magic number.
Important note:
- USDJPY,EURUSD and GBPUSD requires a very low spread, recommended spread <1 pips and It is highly recommended to use a PRO or ECN account. Stop loss is set at 10 pips. Make sure to test it first on a demo account.
- Recommended spread for GOLD <3 pips
- Not all brokers are suitable for this strategy, PM me for recommended broker.
