Gold Coin M5 EA V3.5 MT4 NoDLL is an automated trading robot designed specifically for trading the gold market (XAUUSD) using the M5 timeframe. This expert advisor (EA) employs a scalping strategy, making it ideal for traders who want to operate on short-term intervals .The robot uses an instant entry and exit approach based on short-term price movements.

1. Gold Coin M5 EA V3.0 MT4 NoDLL Overview:
   • The Gold Coin M5 EA is an automated trading robot designed specifically for trading the gold market (XAUUSD) using the M5 time frame.
   • It follows a scalping strategy, aiming for quick entry and exit from positions based on short-term price movements.
2. Optimized for XAUUSD on M5:
   • The robot is specifically tuned to trade the XAUUSD pair on the M5 time frame.
   • This optimization allows it to maximize opportunities in the gold market.
3. Minimum Initial Balance:
   • The recommended minimum balance for trading with the Gold Coin M5 EA is $500.
   • This level of balance provides sufficient margin to manage risks effectively on short-term time frames.

1. Trading Recommendations:
   • Currency Pair: XAUUSD (Gold)
   • Timeframe: M5 (and higher)
   • Minimum Initial Balance: $1000
   • Account Type: ECN account
   • You can trade using both PC and VPS.
2. Strategy Details:
   • Trend Determination: The robot analyzes the trend using the iADX indicator on different timeframes (M5, M15, and H1).
   • Entry Point: It waits for a sharp impulse in the direction of the trend, determined using tick volume.
   • Pending Orders: The robot places pending orders at a specified distance from the current market price.
   • Trailing Stop: It uses a trailing stop to protect profits.
   • Profitability and Loss Management:
     • Mult_Profit: The robot closes all open orders when the total profit reaches a specified threshold (e.g., 300 times the lot size).
     • Mult_Loss: If open trades reach a loss equal to this coefficient, the robot closes all trades.
   • Order Spacing: The minimum distance between open orders is set to avoid clustering.
3. Ease of Use:
   • Installing and configuring the Gold Coin M5 EA is straightforward, making it accessible to both beginners and experienced traders.

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.

What’s in the package?

Experts :

• Gold Coin v3.5 M5_fix_1420.ex4

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.

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