Description
Gold Rush Pro EA MT4
Forex Gold Rush Pro Robot is designed for specific pairs, so it is not recommended to use it elsewhere. The timeframe has no real impact on live trading, but to have better test quality, the recommended timeframe is M1.
Forex Gold Rush Pro Robot uses homemade algorithms to distinguish it from anything else on the market. Its trading style makes it unique. It requires a Hedge account, leverage of 1:500 or more is recommended.
It is a risk scalper that actively uses martingale and dynamic grids, allowing you to exit withdrawals faster and reduce the number of trades. As each cycle is independent, it is possible to have several simultaneously. You can therefore define a maximum number of simultaneous cycles.
What is a cycle? A cycle is a strategy with a signal, an entry, and an exit.
Each cycle is independent; it has multiple orders, signals, and breakeven and takes profit >= [MinProfit].
For small traders, it is possible to define several active cycles depending on their current balance.
A one-day TP target can be activated to manage risk more simply, or a percentage SL based on account equity.
But be careful; for a 0.01 initial lot, one cycle SL is equivalent to 100$. If you start with 100$, you might lose everything.
Before continuing, I want to remind you that backtests are only used to validate the integrity of the strategy. Nobody will ever give you an EA with a 100% win rate on mql5. Otherwise, they would be billionaires in a few months, and there is no point in selling it. I’m not selling a 100% win rate EA; I’m selling my time of research, experience, and tool to achieve an excellent winrate ratio. You should refer to the demo signals, not the backtest if you want to look at the lives performances. Keep in mind that Gold Rush is a high-risk robot.
You need to take a step back and consider that the goal of a trading bot is not to return a delirious profit. Remember that the best fund in the world has an annualized return of 66%, and this performance costs millions per year. Don’t expect to get more than that without some risk.
I also remind you that we live in highly volatile times. Interest rate changes, shortages, geopolitics. These factors have a substantial impact on the market. You should carefully manage your risk.
Gold Rush Pro Settings
Let’s see the input list:
- Initial Lot: Set the initial lot for a cycle.
- Max Trades (Cycle) [0 = Off]: Limit the number of trades open. Set to 0 to disable this feature.
- Min Profit [0 = Off]: Profit, minimum breakeven. Set to 0 to disable this feature.
- Distance: Distance to the next opened order.
- Pip Steps: Distance to the next opened order.
- Lot Exponent: The lot number of the next order is exponential.
- Use Average Bar: True is used, False is not.
- How Bar: The number of candlesticks to be counted.
- Exp Bar: Candle bar values are used in the average number of candlesticks.
Auto lot Settings:
- Use Autobot: True is used, False is not.
- Balance Per Initial Lot [0 = Off]: Defines the initial lot of a cycle based on the balance. Set to 0 to disable this feature.
For example, if Initial Lot = 0.01, Balance Per Initial Lot = 1000, Maximum Initial Lot = 0.25.
For example, if the Number Of Cycle Per Balance = is 200, the Maximum Number Of Active Cycle = is 10.
Money Management Settings
- SetMM Plus (+): True is used, False is not.
- $ Target Day (+): Profit target for the day.
- SetMM Risk Loss (-): True is used, False is not.
- % Risk Loss (-): Percentage of loss by balance.
Global Settings
- Magic Number: Identification number.
- Comments: Trade name EA.
- Max Spread [0 = Off]: Set the maximum spread allowed to open a cycle. Set to 0 to disable this feature.
- Break Time (Minutes) [0 = Off]: Rest period after the end of the cycle. Set to 0 to disable this feature.
News Filter Settings
- News Filter: True is used, False is not.
- Filter News By Currencies: Like its meaning “Filter News By Currencies.”
- Defined Currencies: Like its meaning, “Defined Currencies.”
- Filter By Volatility: Like its meaning ” Filter By Volatility.”
- Update Interval: Time to update news.
- (Hours)Stop Trading Before And After The News: You got it right.
- Server Time Offset: Time zone is set by your broker.
- Allow Panel At Chart Right: Location shows news on the chart.
Time Settings
- Use Time: True is used, False is not.
- Start Hour: Transaction start time.
- End Hour: Transaction end time.
- Monday Orders => Sunday Orders: Trading days of the week.
Information Settings: True is used, False is not.
Forex Gold Rush Pro Robot Risks
Risk definition: a situation involving exposure to danger. Always remember that the market is unpredictable.
Past performances do not guarantee future performances.
Based on 1:500 leverage and more, I recommend at least $200 per cycle for an initial lot of 0.01.
Remember the rules:
- N°1: Only invest what you can afford to lose.
- N°2: Secure your profits.
- N°3: Always have a stoploss.
Note: For a 0.01 initial lot, one cycle SL is equivalent to 100$.
If you start with 100$, you might lose everything.
If you have ten cycles of 0.01 initial lot, you risk 10x1x100$ = 1000$
If you have five cycles of 0.05 initial lot, you risk 5x5x100$ = 2500$
Forex Gold Rush Pro Robot Settings
There are many ways to manage your risk. I’ll summarize it all in a table:
Using one pair only:
It is important to consider the number of orders and the maximum volume your broker allows.
admin (store manager) –
Great Bot, recommended