GoldExcel V3.0 Essential Operating Information – My Transactions – March 1, 2024

GoldExcel V3.0 – Required upgrade.

The information contained in this blog Trading Products GoldExcel MT4 & MT5

MT5: https://www.mql5.com/en/market/product/111410

MT4: https://www.mql5.com/en/market/product/111974

Today, February 29, 2024, we are releasing the new version 3.0 of MT5.. MT4 will be released tomorrow, March 1, 2024.

3.0 TWIN CHART SETUP will be added to three live tracking accounts starting Monday, March 4th, rather than earlier.

This gives users a few days to complete setup, so they can make adjustments starting on Monday. As described below, the system will create trading orders twice a day thereafter.

GoldExcel 3.0 is an essential upgrade for many reasons.

Performance – GoldExcel 3.0 now executes two trades per day rather than a single trade system. This offers several benefits to goldexcel users.

Trade 1 (Chart 1) should be executed on the 5-minute chart. If you are backtesting, be sure to use 5-minute charts!!! Trade 2 (Chart 2) remains on the 30-minute chart.. (Or actually it runs for 5 or 15 minutes and is not important to the transaction.)

(1) Diversity – By introducing a twin chart/trading system, users are making the system more versatile and not relying on a single trade to do everything.

(2) Risk management – The increase to 5.0 after defeat may be an uneasy jump for most users. **By implementing twin trading, you can lower your post-loss growth rate from 5.0 to 3.0 with additional trades**After a loss, jumping becomes much easier.

(3) No trade duplication – There is no correlation between Transaction 1 and Transaction 2 as transactions cannot overlap as they are opened and closed at separate times.

(4) More powerful performance – The new transaction we are introducing actually has stronger backtesting than the existing transaction, so we know that it will fulfill its role as a strong partner to the existing transaction.

PROP account users:
GoldExcel 3.0 is also important for prop users. The problem we face with prop trading is that trades are not allowed to use all the same systems etc. V3.0 has a number of ways to “scramble” some settings so that the EA is almost identical but slightly different and allows you to trade without performance penalty.

These small changes make everyone’s transactions slightly different from each other and help prevent violations of the terms.

Here are 5 things you can change:
(i) Upward gap
(ii) Disadvantage Gap
(iii) Lagging start
(iv) Stop Tracking
(v) Break-even point

The adjustments you can make are described in the updated GoldExcel V3.0 manual.

We also provided a set for prop makers in the comments.

Bugs resolved (v3)
(1) The issue of insufficient funds error is fixed when users use prop companies and low leverage brokers, this margin calculation issue is fixed.
This is especially prevalent when recovery deals are underway.
(2) Users with 7-digit broker quotes (exness/IG/Oanda/Weltrade/Robo) can now use EA without any special version.

Configuration files for the following items are provided in the comments section:
GMT+2 6 digit brokers (e.g. most all prop companies, IC, Tickmill etc and 90% of all ASIC/FCA/CYSEC brokers)
GMT+2 7 digit broker (e.g. weltrade, robo)
GMT+0 7-digit broker (e.g. Exness, Oanda)

GMT+2 prop set with adjusted relevant risk parameters.,

Overall, we think the upgrades are positive, lowering hard jump post losses while improving performance and versatility. This provides:
Uncorrelated trading provides a more balanced asset curve.

***********Note: If you look at the combiner report there are loss months. When working with a fixed stop loss, the nature of the game is clear. It’s going to be a tougher time. What we have is a system that can run for long periods of time with very little user management and the ability to trade prop accounts or regular accounts. In the long run. If you want a no-loss month or want to get your stock line straight, this is not the place for you.*****************

Backtesting – Use the set provided and use the charts for 5 minutes when testing. Backtesting results are in the product comments.

If you have any questions, please contact me via PM.

Stay tuned to the comments section as we’ll be filling up with sets and backtests over the next 24 hours.

For all current MT5 GoldExcels, please refer to the attached V3.0 Quick Start Guide.

I have attached all the config files for:

GMT+2 6 digit brokers (e.g. most all prop companies, IC, Tickmill etc and 90% of all ASIC/FCA/CYSEC brokers)
GMT+2 7 digit broker (e.g. weltrade, robo)
GMT+0 7-digit broker (e.g. Exness, Oanda)

GMT+2 6-digit PropSettings (1% starting risk, 3% maximum risk)

Attached is a backtest for standard execution mode (5% start, 15% maximum) and prop execution mode, using a quantum analyzer to combine both tests into a single strategy.