ONE GOLD EA – How to Set Up – Trading Strategy – January 6, 2024
- Operating symbol: XAUUSD (Gold)
- Working period: H1
- Minimum deposit $100 (Conservative Mode), $500 (Intensive Mode + Recovery)
- Leverage depends on risk, a leverage of 1-30 is suitable for low-risk, conservative modes*
- You need a good ECN broker, but not necessarily (Recommended Broker)
characteristic:
- No martingale
- no grid
- No averaging
- We do not use risky money management methods.
- Hard stop loss and take profit for each position
- Stable test results with 99.9% quality estimate
- It has been successfully tested on record with low loss rates over the past 13 years.
- FTMO and Prop Company Ready
- The power of cutting-edge neural plugins to enhance EA capabilities
- Automatic adjustment of risk based on leverage (optional)
- Built-in, customizable news filters block deals before all the important news.
- No configuration file required. All values within the code are simply selected by selecting the desired risk and trading mode.
- Not very sensitive to broker conditions (but may be worse in cent accounts and accounts with high gold spreads).
- Extensive customization and optimization options
- Easy to install
How to set up
Level 1 – EA installed on XAUUSD (Gold) chart in the first half of the year
Step 2 – Choose intense or conservative trading mode.
conservative – In this mode, the Expert Advisor rarely trades, trades are as accurate as possible, but there may be no trades for more than 5 trading days. No aggressive risk management techniques are used in this mode.
extreme – In this mode, professionals trade more frequently (usually 1 to 4 times per week). After a losing trade, the expert advisor activates the recovery mode and increases the trading lot (increasing the lot parameter can be turned off).
Step 3 – Choose your desired risk level. The risk is selected as follows: balance step parameter.
Balance Step – The parameter indicates the calculation of automatic lots. (Automatic lots are calculated according to the formula Balance = Deposit/Balance*Lot for trading volume.
For conservative mode The default setting is 100, which is a high-risk setting*.
50 very high risk
100 high risk
200 normal risk
300 low risk
For INTENSE mode The default setting is 1000, which is the normal risk setting*.
500 very high risk
750 high risk
1000 normal risk
1500 low risk
*Approximate (conditional) risk values are shown, everyone’s concept of risk is different.
Step 4 – If necessary, enable the use of news filters. (disabled by default)
Enable NewsFilter – (True) enable/(False) disable news filter.
For the news filter to work properly, you must add the link to your terminal settings. No need to add a link to your Metatrader 5 terminal just for MT4!
For the news filter, allow web requests to the following URLs: https://ec.forexprostools.com
!!!important!!!
To use both trading modes simultaneously on the same trading account, you must:
1. Open 2 Gold (XAUUSD) H1 charts
2. Select Conservative mode on the first chart and set your desired risk level.
3. In the second chart, select the concentration mode and set the desired risk.
4. Change the magic number of one of the charts. That way the transaction won’t get confusing.
You can choose the value of the magic number. For example, 1 on one chart and 2 on the other.
Magic* – This parameter is responsible for transaction identification and has no effect on the transaction. You can enter one value of your choice.
*Let’s say you have two different EA’s or one EA trading with different setups on two charts using the same trading pair. You should have different magic numbers in your settings to avoid confusion about transactions.
