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GOLD Edge is a EA designed specifically for GOLD(XAUUSD)and can also be used on any financial instrument, any pairs.
This EA trades trend-following using moving averages and multi-timeframe RSI. Use GRID trade.
Advantage of GOLD Edge:
This EA closes with the “DD Reduce” function when drawing down.
You can set trailing stop for “GRID trading” and “DD Reduce” function.
Manual trades can be made using the panel. These are automatically settled as GRID series.
You can also manually close all transactions. and more.
DD Reduce function:
It is a function to close the oldest order with bad profit and loss together with the latest order.
Notes on Setfile:
Don’t use the Setfile I attached in the comment. There is an error. set files is at the bottom.
Recommendations:
Time Frame M5 recommended.
Minimum deposit $3000.
Pair: XAUUSD (can also be used on any financial instrument, any pairs.)
The recommended set files is at the bottom.
Adjust Start LotSize, Max Lotsize, Max Trades according to your equity.
You can adjust the drawdown and profit by changing the parameters of the GRID category.
If you can use a tester, please use the tester to make adjustments.
If you have any questions, please ask me.
Basic Setting
Magic Number – Magic number. Change it if necessary.
Use Short Trade – Enables Short Trade (Sell).
Use Long Trade – Enables Long Trade (Buy).
Money Management
Auto Lot Size – Enable automatic lot size setting using Maney Management function.
Auto Max Lots – Enable automatic maximum lot size using Maney Management function.
Base Margin for each Lotsize – The amount of base funds for the Maney Management feature.
Trade Parm
Start LotSize – Start lot size.
Take Profit – Settlement profit.
Take Profit (DD Reduce) – Settlement profit when DD Reduce (DrawDown Reduce) function is used.
Slippage – Slippage.
Number of digits after the decimal point – The number of digits after the decimal point in the lot. Please match with the broker.
Use Hedge Trade – Make a double-decker transaction.
Stop Loss (not recommended) – Stop Loss(point) When using Trailing Stop (DD), only the first order is valid. 0.0=Not Use.
Trailling
Use Trailling Stop – Enable trailing stop.
TrailStart pips – Trailing start value.
TrailStop pips – Trailing stop value.
Use Trailling Stop (DD Reduce) – Enables trailing stop when the DD Reduce function is used.
TrailStart pips (DD Reduce) – Trailing start value when DD Reduce function.
TrailStop pips (DD Reduce) – Railing stop value when DD Reduce function.
GRID
Max Lotsize – Maximum lot size.
Start Lot Multiply Count – Number of trades to start the Lot Multiply.
Lot Multiplier – Lot amplification value.
Max Trades – Maximum number of trades (larger is better, but risk is higher)
Start DD Reduce Count – Number of trades to start the DD Reduce function.
Distance – Distance (amount) to make the next trade when going backwards.
Start Distance Multiply Count – Number of trades to start amplifying Distance.
Distance Multiplier – Amplification value of Distance.
FIlter
MA Short Period – Moving Average short period.
MA Long Period – Moving Average long period.
Use RSI Filter – Use current RSI filter.
Use RSI(H1) Filter – Use H1 RSI filter.
Use RSI(D1) Filter – Use D1 RSI filter.
Min RSI% – Current RSI Min.
Max RSI% – Current RSI Max.
Min RSI%(H1) – H1 RSI Min.
Max RSI$(H1) – H1 RSI Max.
Min RSI%(D1) – D1 RSI Min.
Max RSI%(D1) – D1 RSI Max.
By default(Versions until 2022/9), D1 RSI is set at Min40, Max60.
In this case, if the downtrend continues and the D1 RSI breaks below 40, do not trade sell.
Also, if the uptrend continues and the D1 RSI is above 60, do not buy trades.
If you want to trade more, reduce Min to 30 and set Max to 70 and you will get more trades.
However, it also increases the risk, so please use it with caution.
Time to trade
Use Time Filter – Time Filter On.
Start Hour – Trade start time (hours).
Start Minute – Trade Start Time (minutes).
End Hour – Trade end time (hours).
End Minute – Trade End Time (minutes).
Day of the week to trade
Trade on monday – Trade on monday On.
Trade on Tuesday – Trade on Tuesday On.
Trade on Wednesday – Trade on Wednesday On.
Trade on Thursday – Trade on Thursday On.
Trade on Friday – Trade on Friday On.
Trend Reversal Loss Cut
Do not change if you do not know the moving average.
or do enough testing.
This parameter also filters trade entries. (Do not enter if there are signs of reversal)
Use Trend Reversal Loss Cut (TRLC) – Use Trend Reversal Loss Cut
Trend Reversal MA Timeframe – moving average timeframe to detect trend reversal.
Trend Reversal MA Short – MA Short
Trend Reversal MA Long – MA Long
Loss Cut
Equity Percent(%) Loss Cut – Cut losses at a percentage of equity
Equity Percent – Percentage of drawdown amount to equity
Panel Setting
Button Size Base – Button size on the panel.
Font Size Base – The font size of the panel.
GOLD Edge SetFiles(V2.5):
MT4
Trend Reversal Filter (Loss cut is performed when trend reversal is detected. Fewer entries, but less risky trades.)
GOLD_Edge_MT4_M5_TRLC.set
Normal
GOLD_Edge_MT4_M5
For the recent downtrend (slightly more risky) fron 2022/9
GOLD_Edge_MT4_M5_202209.set
MT5
Trend Reversal Filter (Loss cut is performed when trend reversal is detected. Fewer entries, but less risky trades.)
GOLD_Edge_MT5_M5_TRLC.set
Normal
GOLD_Edge_MT5_M5.set
For the recent downtrend (slightly more risky) fron 2022/9
GOLD_Edge_MT5_M5_202209.set
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