Description

Advanced Gold Trading EA V3.3: A Trend-Following Strategy

Overview

The Advanced Gold Trading EA V3.3 is an expert advisor designed specifically for trading the XAUUSD (gold) currency pair. It employs a trend-following strategy to reduce drawdown and maximize profit potential. Here are the key details:

1. Minimum Deposit: The recommended minimum deposit to run this EA is $2000 with a position size of 0.01 lot.
2. Time Frame: The EA operates on the H1 (1-hour) time frame.
3. Currency Pair: XAUUSD (gold).

Strategy Highlights

The EA’s strategy revolves around identifying and capitalizing on breakouts of daily support and resistance levels. By following established market trends, it aims to minimize risk exposure while maximizing gains. Here’s how it works:

• Trend Following: The EA only enters trades in the direction of the prevailing trend. This approach helps avoid counter-trend trades and reduces unnecessary risk.
• Take Profit and Stop Loss: Each trade executed by the EA includes predefined Take Profit (TP) and Stop Loss (SL) levels from the outset.
• News Filter: The EA incorporates a news filter to prevent trading during high-impact news events. However, please note that the news filter cannot be backtested, as it dynamically adjusts based on real-time news data.

 

 

Installation and Setup

1. Symbol: XAUUSD
2. Timeframe: H1
3. Recommended Deposit: $3000 (0.01 lot for Autolot feature)
4. Broker Compatibility: Works well with various brokers.
5. Spread and Slippage Sensitivity: Not sensitive to spread or slippage.

How to Get Started

1. Download and Installation:
   • Download Advanced Gold Trading EA V3.3 from the provided link. https://yoforex.org/product/advanced-gold-trading-ea-v3-3/
   • Visit our website https://www.yoforex.org/ for additional resources and insights.Contact:  @yoforexpremium

 

😎💫Happy Trading💫😎