Golden Boy EA

Specifications

• Platform: MetaTrader 5 (MT5)
• Account Type: Hedge (recommended for optimal position management)
• Primary Currency Pair: XAUUSD (Gold) on H1 timeframe
• Additional Tradable Pairs: Discoverable through testing across all available symbols
• Recommended Order Type: Market orders (default)
• Timeframe: Optimized for H1, with strategy 9 (strg9) recommended
• Database: Utilizes an SQLite database stored at MQL5/Files within MetaEditor

Key Input Parameters:

• Money Management: Fixed lot size (default: 0.01)
• Exit Rules: Profit target (2.8 coefficient), stop loss (5.85 coefficient), exit after bars (default: 0)
• Trailing Stop Rules: Trailing stop (0.25 coefficient), trailing activation (0.0 coefficient)
• Break-Even Stop Rules: Move to break-even (1.38 coefficient), additional pips (0.63 coefficient)
• Exit on Friday: Enabled by default at 20:40 to avoid weekend gaps
• Neural Network Settings: Number of epochs (2800), threshold (0.231), global factor (-2.5), learning rate (0.034)

Golden Boy’s default settings are fine-tuned for XAUUSD, but its flexibility allows customization to suit your risk profile and trading goals.

Capabilities

Golden Boy EA is equipped with a rich set of features that cater to diverse trading needs:

• User-Friendly Design: A clean, intuitive interface simplifies setup and operation, requiring no external configuration files.
• Neural Network Intelligence: Initially trained for XAUUSD, the EA’s neural network can be re-optimized for other symbols, enhancing its adaptability. Parameters like epochs, threshold, global factor, and learning rate drive its predictive capabilities.
• Strategy Selection: Offers 10 unique strategies (strg1 to strg10), with strategy 9 (strg9) recommended for H1 trading on XAUUSD. Each strategy leverages indicators like MACD and ADX for precise signal generation.
• Order Versatility: Supports market, stop, and limit orders, with options for buy-only, sell-only, or both (default: buy/sell).
• Risk Management: Features customizable take profit, stop loss, trailing stops, and break-even rules, calculated using coefficients or pips, ensuring robust capital protection.
• Time-Sensitive Trading: Includes an "Exit on Friday" option (default: enabled at 20:40) and supports order expiration (default: 2 bars), minimizing exposure to volatile periods.
• Database Integration: Utilizes an SQLite database for efficient data handling, stored at MQL5/Files, with optional log messaging for transparency.

This EA is designed for traders who value automation, precision, and the ability to scale their strategies across multiple markets.

Testing

To maximize Golden Boy’s potential, thorough testing is essential:

• Strategy Tester: Use MT5’s built-in Strategy Tester to evaluate the EA across all available symbols in your Market Watch. While XAUUSD on H1 is the primary focus, testing reveals additional high-performing pairs tailored to your broker’s conditions.
• Timeframe Focus: Concentrate on the H1 timeframe with strategy 9 (strg9) as a starting point, then explore other timeframes and strategies to find the optimal balance of frequency and accuracy.
• Performance Metrics: Analyze backtest results for profitability, drawdown, and trade consistency, ensuring alignment with your trading objectives. The neural network’s reliance on MACD and ADX signals (as seen in the code) benefits from historical data validation.

Testing empowers you to identify the EA’s strengths and tailor its application to your unique trading environment.

Validation

Before transitioning to live trading, validation on a demo account is a critical step:

• Demo Deployment: Run Golden Boy on a demo account for 2–4 weeks to observe its performance in real-time market conditions. This ensures the EA’s behavior aligns with your expectations.
• Risk Assessment: Monitor how the default settings (e.g., stop loss at 5.85 coefficient, trailing stop at 0.25) impact your account, adjusting lot size or other parameters as needed.
• Strategy Confirmation: Validate strategy 9 on XAUUSD/H1, or your chosen pair and strategy, to confirm reliability and signal accuracy.

This validation phase acts as a safety net, mitigating risks before committing real capital.

How to Use Golden Boy EA

Deploying Golden Boy is straightforward, with clear steps to get started:

1. Installation:
   • Open an MT5 chart for XAUUSD, Gold, or Gold Futures.
   • Drag and drop the Golden Boy EA onto the chart from the Navigator panel in MT5.
2. Configuration:
   • Default Settings: If you prefer simplicity, use the pre-optimized defaults—no additional tweaks required. Simply set a fixed lot size (default: 0.01) based on your risk tolerance.
   • Advanced Options: Optionally adjust trade mode (buy/sell), order type, or neural network parameters, though defaults are ready for immediate use.
3. Testing:
   • Launch MT5’s Strategy Tester, select all available symbols, and run backtests to identify top-performing pairs beyond XAUUSD. Focus on H1 with strategy 9 as a baseline.
4. Validation:
   • Deploy on a demo account to validate performance, ensuring the EA meets your expectations in live conditions.
5. Live Trading:
   • Activate Golden Boy on a live MT5 hedge account, ideally with a Virtual Private Server (VPS) for 24/7 operation. This ensures uninterrupted management of stop losses, trailing stops, and break-even rules, which rely on constant connectivity.
   • Monitor performance periodically and refine settings if desired, though defaults are designed for efficiency.

Important Notes:

• The SQLite database at MQL5/Files supports the EA’s neural network operations—ensure access to this path in MetaEditor.

Additional Insights

Golden Boy EA is more than a trading tool—it’s a dynamic system built for longevity and adaptability. Its neural network, trained on XAUUSD, uses sophisticated signal logic (e.g., MACD normalization and ADX thresholds) to anticipate market movements, offering a competitive edge. The inclusion of 10 strategies provides flexibility, while unused features like pips-based calculations and time-restricted signal searches hint at future enhancements. With each purchase, you secure access to continuous upgrades, ensuring Golden Boy evolves with market trends.

Risk Management: Risk is a personal choice, determined by your financial capacity and goals. For traders using all nine recommended instances, a conservative lot size (e.g., 0.01) is advised to balance exposure across multiple pairs.

Why Choose Golden Boy?
Golden Boy combines ease of use with advanced automation, making it ideal for traders seeking a plug-and-play solution with room for growth. Its focus on XAUUSD, paired with re-optimization potential, caters to gold enthusiasts and diversified traders alike. Continuous developer support and future updates solidify its value as a long-term investment.

Platform and Availability:

• Platform: MT5
• Currency Pair: XAUUSD/H1 (expandable via testing)
• Upgrades: Included with purchase

For a seamless trading experience, test Golden Boy thoroughly, validate it in a demo environment, and deploy it with confidence. Happy trading!

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 Installation Guide

•  For detailed instructions on purchasing and installing a trading robot from the MQL5 Market, please refer to the following article: https://www.mql5.com/en/articles/498