Gold Excel EA V3.0
Overview
The Gold Excel EA V3.0 is an effective trader specifically developed for the XAUUSD pair. It works well in normal trading accounts, funded prop accounts, and prop challenges. Notably, it does not use high-frequency trading (HFT) techniques.
Key Features
- Single Daily Trade Entry:
- The EA places pending orders once a day.
- Exit Strategies:
- Stop loss or trailing profit orders are used to exit trades.
Trading Strategy
The Gold Excel EA leverages the market opens as a catalyst to detect early moves in the XAUUSD pair at the start of the US trading session. Here’s how it works:
- Timeframe:
- The EA can be used on various timeframes, but it primarily focuses on daily trading opportunities.
- Currency Pair:
- XAUUSD (GOLD) is the ideal currency pair due to its high daily range, volatility, and correlation with stock market openings.
- Gold’s superior global liquidity ensures excellent fills and execution.
- Risk Management:
- The EA uses a hard stop loss of $5 movement in Gold to protect each trade.
- It does not employ additional layering techniques or add multiple trades on top of losses.
- Users can predetermine the downside risk of each trade before it closes.
Minimum Deposit
- The minimum deposit required to run the Gold Excel EA V3.0 depends on your broker and trading account type.
- Always check with your broker for specific details.
How to Get Started
- Download Gold Excel EA V3.0 : Visit MQL5 Software to download the EA.
- Join the Community: For support and updates, join our Telegram channel at MQL5 SOFTWARE.
- Set Up: Follow the installation instructions provided after download to set up the EA on your MetaTrader platform.
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