Golden Dad EA for Metatrader4 was developed by dadforex.com team. As the name suggests it is intended to trade Gold (XAUUSD) on 1 minute chart. The algorithm of the robot analyzes market data and when certain conditions are met it opens a trade. Every deal is protected by a tight stop-loss, the expert advisor does not use any dangerous strategies like martingale or grid trading, and therefore the risk is well managed.
Backtest of Golden Dad EA
Recommendations for Golden Dad expert advisor:
- Broker: IC Markets
- Platform: Metatrader 4
- Currency pairs: GOLD (XAUUSD)
- Minimum deposit: 250 USD
- Timeframe: M1
- Trading time: all day
Important! Please test Golden Dad expert advisor with the strategy tester and on demo account before trading with real money.
For the best results and safety use a VPS server! (Read more about what Forex VPS is and why you should use it)
Settings of Golden Dad EA:
- FixedLotsSize: if you would like to trade with fixed lot, enter the number here.
- LotsPerAmount, AmountPerLot: If FixedLotsSize is set to zero, the EA will calculate trading lot automatically, by default 0.01 for every $500 of account equity. Change AmountPerLot if you prefer to reduce/increase profits and risk: 250 = High risk; 500 = Medium risk; 1000 = Low risk.
- MinLots: minimum lot to trade.
- MaxLots: maximum lot to trade.
- MaxSpread: 30 points (3 pips) by default.The EA will not open trades when spread is too wide.
- MyMagicNumber: magic number of the EA. You don’t need to change it if you trade only Gold.
- StartHour, StartMinute: You can change the time when the EA should start trading. To skip the time when spreads are very large, it is recommended to start trading 1 hour after the rollover and end 30 minutes before the next rollover.
- EndHour, EndMinute: You can change the time when the robot should stop trading.
In Golden-Dad-EA-test.zip file you will find:
- Golden Dad EA-test.ex4
- readme.txt
Download Golden Dad EA test version for free:
Important! The version you find above allows only testing of Golden Dad EA on MT4 Strategy Tester. If you would like to use this expert advisor on demo or real account you may buy an unlimited version here:
$29
After you make a secure payment, we will email you the unlimited Golden Dad EA file as soon as possible (please also check your spam folder). You will be able to use EA on any account.
If you have any questions please Contact Us
Disclaimer: Forex trading is a risky activity! Past performance of an expert advisor does not guarantee good results in the future. Use all Forex indicators, strategies and expert advisors you find on dadforex.com at your own risk. Dadforex.com is not responsible for the loss you may incur trading with any expert advisor or other trading tool.
