The Power of Gold MT5
Welcome to The Power of Gold Expert Advisor, a state-of-the-art trading system designed to provide traders with a reliable, secure, and adaptable tool for navigating the complexities of the gold market. The Power of Gold system stands out by prioritizing risk management and transparency, ensuring that your trading experience is both safe and customizable.
Signal | How to set up news filter
| SET UP | |
|---|---|
| Symbol | XAUUSD/GOLD |
| Timeframe | M30/H1 |
| Settings | NEED SETFILE (pls pm me for the setfile after purchasing this bot) |
| Brokers | Any |
| Minimum Deposit | 500 (high risk) |
| Recommended Deposit | 1000 (medium risk) |
| Account | Standard, Leverage 1:500 |
Expert input:
1. Manage Open Positions
- Period in bars: Define how many bars the strategy should look back to analyze past data and make trading decisions.
2. Manage Lot and Money
- Lot Type: Select lot type
- AutoLot: Manage auto calculation lots
- if AutoLot = true, fill in Money to manage, $: Fill in money to manage (Ex. Balance 5000, fill in 1000, Autolot = 0.05)
- if Autolot = false, fill in Start Lot: fill in the initial lot
- Coefficient Multiplier for Martingale 4: Multiplier lot coefficient
- Coefficient Multiplier Manual Lot Step: Multiplier lot coefficient
- Maximal Lots: max lots per trade
- Maxtrade: Max trade allowed
3. Manage GRID
- Step (in pips): Distance to open the next position
- Expanding Step Coefficient: step multiplier coefficient
4. Manage SLTP
- Use Stoploss and Take Profit, in pips
- Stop Loss(in pips), 0= no stoploss
- Take Profit(in pips), 0= no take profit
5. Manage Trailing
- Averaging Trailing, in pips: Trailing all in pips
- Trailing Start (in pips): Trailing starts in pips
- Trailling Size (in pips): Step trailing in pips
6. Manage Break Even
- Use Break Even: Enable Break even
- Break Even Start, in pips
- Break Even Step, in pips
7. Manage Drawdown Reduction
- Use Auto Close Partial:
- Select Close Partial Method:
Close partial buy & sell: partial close by bringing 1 buy loss & 1 sell loss
Close Partial Buy/Sell 1: means the bot will close partial far loss 1 buy or 1 sell position.
Close Partial Buy/Sell 2: meaning the bot will close partial far loss 2 buy or 2 sell positions.
Close partial all 1: A combination of close partial buy & sell and close partial buy / sell 1.
Close partial all 2: A combination of close partial buy & sell and close partial buy / sell 2.
- Number of trades to activate partial close: Minimum open positions to start partial close.
- Select Partial Takeprofit Method : Pips or Money
- Minimum profit to close partial : Minimum profit to do partial close
- Auto Close Partial 3: enable/disable auto close partial 3
- Select Close Partial 3 Method
- Number of trades to activate partial close 3
- Lots to start partial closing: minimum lots to activate partial closing 3
- min Profit to close(in pips): Minimum profit to be able to close a position
- Partial close percentage, % : How many % lots will be closed. Ex. 50% x lot 0.1 = 0.05 lot to close partial
8. Manage News
- Stop Trade by News: Enable or disable the news filter to avoid trading during significant news events.
- Show News Only This Chart Currency: Display news related to the current chart/symbol only.
- High/Medium/Low Importance News: Classify news based on its importance and set colors for each category.
- Stop trade X seconds before the news: Stop trading a specified number of seconds before the news release.
- Stop trade X seconds after the news: Stop trading a specified number of seconds after the news release.
- Show timer before and after news: Display a timer for the duration before and after the news event.
- Period news updates in seconds: Set the interval for news updates in seconds.
9. Manage Others
- Max Spread (in Pips): spread allowed
- Magic number : EA identifies open positions based on this magic number.
