The Gold Coin M5 is an advanced automated trading robot designed specifically for trading the gold market (XAUUSD) on the M5 period. Tailored for traders who seek to capitalize on short-term time intervals through scalping, this robot offers precision, efficiency, and ease of use, making it an invaluable tool for both novice and seasoned traders.
Key Features of Gold Coin M5
Scalping Strategy: Gold Coin M5 employs a scalping strategy that leverages short-term price movements. It excels in entering and exiting positions rapidly, maximizing profit opportunities in the gold market.
Optimized for XAUUSD on M5: This robot is meticulously tuned for trading the XAUUSD pair on the M5 timeframe. This specific optimization allows it to identify and exploit the unique patterns and movements within the gold market.
Minimum Balance Requirement: A minimum balance of $1000 is recommended for trading with Gold Coin M5. This ensures sufficient margin to manage risks effectively and enables the robot to perform optimally on short-term timeframes.
Ease of Use: The Gold Coin M5 is designed for simplicity. It is easy to install and configure, making it accessible to a broad range of traders. Whether you are a beginner or a professional, you will find it straightforward to set up and start trading.
Trading Recommendations
To achieve the best results with Gold Coin M5, follow these trading recommendations:
Trade on XAUUSD
Use the M5 timeframe
Ensure a minimum initial balance of $1000
XAUUSD quotes have 2 digits after the decimal point
Use an ECN account type
Trade on PC or VPS
Tested on FXopen broker accounts
Robot Settings
Search_trend_bar: This parameter sets the number of bars used to determine the price movement trend. By default, it analyzes the last 50 bars to open trades in the trend direction.
iADX_M5, iADX_M15, iADX_H1: These settings define the iADX indicator periods on different timeframes to ascertain the trend. The robot evaluates trends across three timeframes simultaneously.
Step: This parameter specifies the distance from the current market price where pending orders will be placed.
Acceleration: This setting determines the trading impulse needed to open an order. The robot waits for a sharp impulse in the trend direction, indicated by tick volume, for a precise market entry.
TrailingStop: Defines the trailing stop size in points.
Mult_Profit: Specifies the order profitability coefficient. For instance, with a value of 300 and a lot size of 0.02, the robot will close all orders when the total profit reaches $6 (0.02 x 300).
Mult_Loss: Indicates the loss ratio of all open orders. The robot will close all trades if the loss reaches this coefficient.
Distance: Sets the minimum distance between open orders in points, preventing the robot from placing orders too close to each other.
Coin_Step_Trade: Adjusts the trailing stop based on the efficiency of the open series of orders.
StartLots: This parameter determines the starting lot size. The robot adjusts the lot size as the account balance changes, increasing it by 1.2 with each balance doubling or decreasing accordingly.
Average_spread: Informs the robot of the average spread for the XAUUSD pair from your broker to optimize its operations.
Magic: A unique identifier for the robot’s trades.
Specifications
Feature
Details
Strategy
Scalping
Optimized for
XAUUSD on M5 timeframe
Minimum Balance
$1000
Account Type
ECN
Compatibility
PC and VPS
Broker Tested
FXopen
Search_trend_bar
50 bars
iADX_M5, iADX_M15, iADX_H1
Multiple timeframes
Step
Variable
Acceleration
Based on tick volume
TrailingStop
Variable
Mult_Profit
Variable
Mult_Loss
Variable
Distance
Variable
Coin_Step_Trade
Variable
StartLots
Variable
Average_spread
Variable
Magic
Unique identifier
Brand
EA MT4
Refund
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Install
The installation of this Expert Advisor is BASIC INSTALL SKILLS ( NODLL ).
This is the easiest type of installation for Expert Advisors.
This Expert Advisor is a .zip file and as it does not include msimg32.dll. You don’t need to deactivate your antivirus or anything like that; simply purchase and download.
Copy the EA folder content from your product to the EA folder of your MT4 installation.
Once all the files copied, open your Meta Trader 4 or refresh Expert Advisors, thats it.
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admin (store manager) –
Great EA, recommended