Greedy Golden EA V1.5

Greedy Golden EA V1.5: Unlocking Gold Trading Potential

Introduction

The Greedy Golden EA V1.5 is an automated trading software specifically designed for trading gold (XAUUSD) in the forex market. As an Expert Advisor (EA), it seamlessly integrates into MetaTrader 4 (MT4) platforms, allowing traders to automate their strategies and execute trades based on predefined criteria. Whether you’re a seasoned trader or a beginner, the Greedy Golden EA offers a user-friendly approach to gold trading.

Trading Strategy

The Greedy Golden EA V1.5 follows a dynamic approach that balances long-term investment and short-term scalping. Here’s how it works:

1. Long-Term Trends:
   • Identifies and follows significant trends in the gold market.
   • Holds fixed positions to maximize profit from these trends.
2. Short-Term Scalping:
   • Detects small price fluctuations.
   • Opens temporary positions to capture quick profits.
3. Risk Management:
   • Uses divergence signals to enter trades.
   • Manages capital effectively to minimize risks.
4. Time Filter:
   • Activates during volatile market conditions or major news releases.
   • Ensures optimal performance during critical periods.

Key Features

1. Dual Strategy Implementation:
   • Combines long-term trend following with short-term scalping.
   • Identifies trends and potential entry points.
   • Utilizes divergence detection and capital management to avoid excessive risks.
2. Position Types:
   • The robot defines two types of positions:
     • Fixed Positions: Aim for maximum profit from super trends.
     • Temporary Positions: Capture profits from small price fluctuations.
3. Divergence Detection:
   • Opens positions based on divergence signals.
   • Closes positions using specific profit margins or trailing stop losses.
4. Capital Management:
   • Prioritizes risk management to ensure safety.
   • Avoids dangerous risks by following a well-defined algorithm.
5. Time Filter:
   • Optimizes trading during volatile market conditions and major news events.

Recommended Settings

• Platform: MetaTrader 4 (MT4)
• Currency Pair: XAUUSD
• Timeframe: M5, M15, M30 (M15 is optimal)
• Minimum Account Balance:
  • Deposit: $100 (Recommended: $500)
• Leverage: Minimum 1:20
• Broker:
  • Choose a broker with low spreads, minimal commission, and preferably swap-free accounts.
• Account Currency: USD or EUR

Recommendations for Better Performance

1. Choose the Right Broker:
   • Opt for brokers with competitive spreads and minimal commissions.
   • Consider swap-free accounts if available.
2. Time Filter Usage:
   • Activate the time filter during market fluctuations and news releases.
   • Adjust settings based on market conditions.
3. Demo Testing:
   • Always test the EA on a demo account before using it in a live environment.
   • Understand its behavior and performance.

 

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