GOLD EAGLE introduces a swing strategy tailored for market conditions dominated by flat movements, which make up approximately 80-90% of trading occurrences. This Expert Advisor (EA) is meticulously calibrated for the XAUUSD (GOLD) pair.
Operating on a trend scalping methodology, GOLD EAGLE leverages the TrendLine PRO indicator as a pivotal signal input. Upon receiving the indicator signal, the EA initiates the first order and establishes the take profit (TP) at a predefined level. Should the price fail to reach the TP and retrace, an additional order is automatically activated, thereby averaging the total TP level closer to the entry point.
The EA's trading panel empowers users to manually open orders, seamlessly integrating them into the advisor-managed order series, subsequently closing them automatically with a shared TP.
Advantages of the GOLD EAGLE Expert Advisor:
- Maintains consistent trading activity, engaging in trading almost daily.
- Compatible with other Expert Advisors and trading systems.
- Features a user-friendly trading panel for manual trade opening, automatically managed by the EA.
Setting up GOLD EAGLE:
Attach the Expert Advisor to the XAUUSD M15 chart and activate auto-trading functionality in both the EA and the MetaTrader terminal.
Activate the news filter by adding the website address in the MetaTrader settings, detailed instructions available here: [Link].
Ensure uninterrupted internet connectivity and consider utilizing a Virtual Private Server (VPS) for seamless advisor operation.
Hedge accounts with leverage from 1:200 and above are recommended.
Opt for brokers offering low spreads, with a minimum deposit requirement of $1,000 or the equivalent in cents for cent (micro) accounts.
Testing the GOLD EAGLE Expert Advisor:
Ensure availability of quote history for the XAUUSD symbol before testing.
Utilize opening prices or 1M OCHL data, as the EA operates based on opening prices.
Accelerate testing by disabling certain settings such as Show Panel, Calculate Profit, and Show BreakEven line, while adhering to default settings for the M15 chart.
Mitigating market fluctuations:
Utilize Higher Time Frame filters, allowing new trades to open only if the current period's signal aligns with the trend of a higher timeframe.
Incorporate a news filter to temporarily halt trading activity before and after significant news events.
Recognize that historical performance does not guarantee future results.
Implement prudent money management practices and risk hedging strategies for consistent results in the Forex market.
Beware of counterfeit versions of the advisor found online, as they deviate from the original strategy and lack reliability.
Returns Policy
14 Free returns if item defect/or not working properly
Shipping
After you make a purchase, you'll be redirected to an instant download page where you can electronically collect your digital goods.
