Gold Island EA v1.2 MT4 is a sophisticated Expert Advisor (EA) designed for the MetaTrader 4 platform, aimed at enhancing the trading experience. It offers a suite of features including risk management, take profit points, and martingale methods, all tailored to ensure smooth and safe trading operations. Optimized for currency pairs like EURUSD and XAUUSD, with a special emphasis on gold, it’s a tool crafted to help traders navigate the volatile forex market efficiently.
Gold Island EA MT4: A Smooth and Safe Trading Robot
Overview
The Gold Island EA is an Expert Advisor designed for MetaTrader 4 (MT4) that aims to make your trading experience smooth and safe. It incorporates several features to optimize your trading strategy. Let’s dive into the details:
Key Features:
- Risk Management: The EA manages risk as a percentage of your total account balance.
- Take Profit Points: Specify the points at which the EA should take profit and close trades.
- Martingale Methods: Utilizes martingale techniques for position sizing.
- Close Trades in Average Profit: The EA aims to close trades when they reach an average profit level.
- Low Drawdown: Minimizes drawdown to protect your account.
Parameters
Here are the key parameters you can customize:
- Take Profit: Set the points at which the EA should take profit and close trades.
- Trade Distance: Determine the distance (in pips) from the initial trade at which subsequent trades should be opened.
- Starting Lots: Specify the initial trade size.
- Multiplier Value: Control how frequently the trade size increases in subsequent trades.
- Maximum Trades: Limit the total number of trades the EA can open.
- Close Maximum Trades: Choose whether the EA should close maximum trades to reduce drawdown.
Currency Pairs
The Gold Island EA is optimized for the following currency pairs:
- EURUSD
- GBPUSD
- AUDUSD
- USDJPY
- XAUUSD (Gold)
Recommended Time Frame
For optimal results, use time frames between 1 minute and 15 minutes. We’ve tested the EA on a 5-minute chart, which consistently performs well.
Trading Strategy
The Gold Island EA employs a swing trading strategy tailored for flat markets (which occur 80-90% of the time). It adapts to various market conditions, ensuring intelligent and strategic trades.
Minimum Deposit
To get started, we recommend a minimum account balance of $100. Use a lot size of 0.01 for each $100 balance, and set the take profit at 100 points for the best results.
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 Island EA.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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Disclaimer:
The EAs sold on our channel are not created by us.
We are only resellers of these EAs and the EA performance cannot be guaranteed or predicted.
Past performance is no guarantee of future results. We seek the EA on an ‘as is’ basis and only the version mentioned is being sold.
All future updates will be on a best effort basis and could involve further fees to be paid owing to acquisition and unlocking costs.
EA updates are thus not automatic and not guaranteed.
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