XG GOLD ROBOT v9.00 EN

XG GOLD ROBOT v9.00 EN






Make sure you have updated the Expert Advisor to the latest version before you do anything else.

  • to add the news filter to the metatrader follow the below process

From the Tools tab at the top of MT4-MT5, select Tools > Options and Experts Advisors. Next step is to select "Allow automated trading" and "Allow WebRequest for listed URL", and then click +add new URL to add the new URL to the list. To finish, press OK in the window.

Copy and paste URL into the box: https://nfs.faireconomy.media


Now we setup the charts and settings in next steps


step 1

Open Chart of XAUUSD on H1 timeframe.


step 2 -SETTINGS FOR THE CHART OF XAUUSD


Drag the EA on chart of XAUUSD H1

Change the following Settings

2000$ DEPOSIT


''Select Risk'' set to Low (with Low EA don't use martingale with additional system) Three modes to select the risk, low, medium, and high. If you a select Low EA will be open only one position with TP-SL set to 8 pips. With Medium risk, the EA opens 5 positions per pair and with High risk a maximum of 15.

- Low = 1 trade with '' TakeProfit'' and ''StopLoss'' parameters working as TP and SL for the opened position.

- Medium = 5 trades with ''OrderProfit'' and ''stop Loss % '' parameters working as TP and SL for the total opened positions.


- High = max 15 trades per entry with ''OrderProfit'' and ''stop Loss % '' parameters working as TP and SL for the total opened positions.


  • Orderprofit ( for High and Medium Risk mode )= total profit from all open positions, where the 25 is the currency ($25, €25 or other account currency


  • Stop Loss% for all positions, 100 = 100%, example if you set 10, the EA will close all positions with a loss of -10% of the balance. The value of % Stop Loss must be set by each user because this is the maximum loss he wants to incur, and everyone should evaluate it based on his experience and the risk he wants to take.
  • The MaxSpread 5.0 (is 50 points) parameter provides additional security and can be changed at any time.

Trailing


If this value is set to 0.00, Trailing Stop Start and Trailing Stop Step will not work. This function is only used for the OrdersProfit and works as follows. When you a Select risk to Low, Medium or High, add for example 50 in OrdersProfit, which means $/€50 (account currency), and then put 20 in Trailing Stop Start and 5 in Trailing Stop Step. If the profit in open positions is $/€20 or more, Trailing Stop Start will be turned on, and Trailing Stop Step will move levels every 5 until close the positions.


Stop Loss during important News (% of balance) 

Stop Loss during important News (% of balance) - Additional automatic Stop. This is a separate parameter in which you set a Stop Loss that will work 60 minutes before and 60 minutes after important data and will handle positions that were opened before the important data. You can set it to 1-2%, for example, and the EA will automatically set this SL during important news. This way, the risk is minimized, and EA will automatically go back to the main Stop Loss setting after 60 minutes since important data.


Lots step 

The ability to change the lots step, which is currently set to 0.01 lots.


Stop at profit during important news (% of ordersprofit) 

Additional orders profit protection during important news. You can set it to 30 for example, it is expressed as a percentage and you a have set 100 in "Ordersprofit" parameters, i.e., $100, the EA will close all positions 60 minutes before important news, with $30 profit (30% of the value). 


Trading days

 Days and times that EA will work, every day for separately.


Trading Direction

Only a Buy or only a Sell option in EA. You can set up EA to open only Buy or Sell positions at any given time.


FixedTotalSLTP (Medium/High)

If you change "false" in this parameter to "true" and select Medium or High mode, the EA will set the total of the TP and SL to the value you enter in the parameter below Take Profit 50 and Stop Loss 50. Just change this value to others. If you set, for example, Take Profit 100 and Stop Loss 100 , it will be 50 pips (1000 points), and if you have more than two open positions, the EA will set the total TP so that it comes out +100 pips profit and the total SL per loss so that it comes out -100 pips, and this is for all open positions. The EA simply adds up all these positions and closes them at one level. Enter 0 if you don't want to use TP or SL. It should be noted that this function only works in Medium-High mode. When FixedSLTP is active the "OrdersProfit" parameter doesn't work.

Recovery System(for Low Risk Mode)

In "Low Risk Mode," if the first trade doesn't work out, the advisor will try to make up for the loss by initiating new trades at successively lower prices up to three times, with a Recovery Max Cycle Value of three and a Recovery Multiplier of 1.59. Particularly in low risk situations, this helps reduce losses and recover profits.

  • XAUUSD


DISCLAIMER

  • None EA will make you millionaire in a day
  • Make sure when you change strategy to test it properly for at minimum 3-4 weeks on a Demo account
  • Backtest will be never the same as a Demo/Live trading account as does not include the gaps,slippage,Liquitidy of the market
  • USE MONEY MANAGEMENT AND MANAGE YOUR RISK





Report content on this page

Report Page

Please submit your DMCA takedown request to dmca@telegram.org