Gold Excel EA V3.0 MT5

Description

Gold Excel EA V3.0 MT5 Overview💫💫

The Gold Excel EA V3.0 MT5 is an expert advisor (EA) designed for trading the XAUUSD (GOLD) currency pair on the Meta Trader 5 (MT5) platform. It employs a specific strategy to execute trades efficiently.

Strategy Summary:

• Currency pair: XAUUSD (GOLD)
• Minimum deposit : $50
• Timeframe: 5 Minutes
• Broker Offering : Any decent broker with gold spread around or under 10-15 cents. (IC/Fusion/VT/Axi//Pepperstone/Tickmill/Vantage/Tradeview etc)
• Account type: Low Spread with Commission. (RAW/RAZOR/ECN)
• Broker Selection : IC Markets, Pepperstone with Raw and Razor accounts for lowest spreads
• IMPORTANT: A lower gold spread will excel over a high spread, i have seen upwards of 80 cents spread in some poorer brokers. Target 10 cents.(e.g IC is regularly 5 cents)

TradingSpecifications:

• Places Order Twice Daily – 2 Maximum Trades Filled Trades
• Entry – Pending Orders placement
• Exit – By Stop loss, or trailing profit orders.
• Every trade has a $5 Stop Loss and $5 Take Profit
• Orders are cancelled or closed before EOD.
• No daily rollover or overnight trades.
• VPS not essential but recommended
• Easy setup with only changes to lots and GMT clock if necessary.
• Find backtest and any necessary set files in comments