Welcome folks to the Advanced Gold Pattern EA. Firstly, you need to know that Advanced Gold Pattern won’t need any external set files. Everything has been priorly optimized within the EA. This is EA with “Set and Forget system”, that means you not need to change or edit anything in setting. You just need change lot size suite with your balance account. To setup this, you need to attach EA on XAUUSD M15 chart. Consider the mentioned 4 things below:
– You should first send me a friend request on MQL5, this will make it easier for me to connect and best support you with technical issues: https://www.mql5.com/en/users/tuanthang
– Join our Telegram Channel for new updating: https://t.me/EA_Advanced_Channel
– Recommended Broker for EA – IC Markets: https://bit.ly/AdvancedICMarkets
– Recommended Cent/Micro Account Broker for EA – Exness: https://bit.ly/AdvancedExness
– To use an EA you need a VPS. Recommended VPS for EA – Chocoping: https://bit.ly/AdvancedVPS. When you open the account type in the discount code to get 5% off: THANGEA5
– If you want to ask me any question or join our private group chat for traders. Please contact me through Telegram: https://t.me/thangforex
Link EA on MQL5 Market
Advanced Gold Price Action is “Set and Forget system”. “Set and Forget system” means that the EA doesn’t need any further technical factors for good trading results. Already technical elements have been optimized in the EA for the simple and most convenient for users. Simply, you have to attach the EA to the chart, pick up the lot size and let the EA work automatically.
First, you will need to set up News Filter. Please read it here: https://advancedautotrading.com/manual-guide-for-news-filter/
1. Low spread brokers: I strong recommend some trusted brokers that i tested it before:
– Tickmill: https://bit.ly/AdvancedTickmill
– ICMarkets: https://bit.ly/AdvancedICMarkets
– Pepperstone
More my reviews about forex brokers in here
2. The fast VPS with low ping: I recommend Chocoping VPS
3. Your time and Your patience: Unlike other risk strategies. When using the strategy with Taking Profit / Stop Loss on each order, profits will not be able to increase in a straight line. Naturally, there will be ups and downs, but the profit will almost always be positive over the longer term of 1 – 2 months.
4. Money Management: Usually, this time will take place in 1-2 months depending on the stage. If you are confident yourself and want to move on with real money so please start with a minimum capital of $200/0.01
5. Panel:
Below the information display panel there are 2 function buttons:
– New Orders: The EA will stop opening new orders after closing old orders (users manually close orders or wait for EAs to process and close orders)
– Close Orders: EA closes all existing orders that EA is managing immediately. The EA will then stop opening new orders until the user presses this button again
6. Parameters:
— Account Management (Prop Trading Firms Challenge) Parameters —
Hard Stop Loss Range: Magic (Close all orders when DD is reaching, manage by Magic number)/ Whole_order (Close all orders when DD is reaching, manage by all your account)/ Off
Hard Stop Loss (in Money): Close all orders when DD reaches threshold (in money by balance)
Hard Stop Loss (%): Close all orders when DD reaches % balance
Stop trading after Hard Stop Loss: Stop trading with EA after cutting all loss orders
Stop open New Orders by Panel: Stop open New Orders after cutting all loss orders by push on “New Orders” button on Panel
Stop open New Orders without Panel: Stop open New Orders after cutting all loss orders by inside EA. But you will need re-attach EA to make it can work again
— EA Basic Parameters —
Orders Comment
Magic Number
Dynamic Dynamic_Slippage: Limit slippage so that EA can open orders
Lot Size Style: 1. Fixed Lot/ 2. Autolot by Balance
Initial Lot: Lot size that EA can open. Depend on Lot Size Style
Balance Step: The level of capital growth so that the EA can open orders with the function 2. Autolot by Balance. Take for example: Balance Step = 100. Initial Lot = 0.01. This means that every time your Balance increases by $100, the EA will automatically increase the order size to 0.01. Balance is $100, EA opens 0.01. Balance is $200, EA opens 0.02. Balance is $300, EA opens 0.03.
Weekend Filter: EA stops opening orders on the Friday US session onward until the next Monday in Sydney session
— Chart Parameters —
Information Panel: True/False – Show/Hide panel for information in chart
Draw Profit: Show profit on chart
Please make backtesting and sure that you feel free with EA’s Strategy
