GoldExcel EA, an effective trader for the XAUUSD pair (GOLD). Developed by our team to work in normal accounts, funded prop accounts and prop challenges! Does not use HFT!
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)
- Account type: Hedge or netting, FIFO also works.
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
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