Description

Golden Shine MT4 V1.1

Revolutionize Your Gold Trading with Golden Shine MT4 V1.1

Introducing the Golden Shine MT4 V1.1, an innovative Expert Advisor (EA) specifically designed for scalping gold (XAUUSD) on the MetaTrader 4 platform. This EA takes advantage of strong market momentum by placing pending orders based on high and low points within specific periods. Golden Shine is engineered for precision, safety, and efficiency, ensuring a robust trading experience for both novice and experienced traders.

Key Features and Benefits

Fully Automated Trading System: Golden Shine MT4 V1.1 is a fully automated trading system that requires minimal intervention from the trader. It systematically places pending orders and manages trades based on pre-defined parameters, making it ideal for traders who prefer a hands-off approach.

Safe Trading Practices: Golden Shine employs conservative trading strategies that prioritize capital preservation. Unlike other EAs that utilize risky methods like martingale or grid trading, Golden Shine ensures each trade is protected by an 8-pip stop loss. This approach minimizes drawdowns and safeguards your investment.

Optimized for Gold (XAUUSD): The EA is specifically optimized for trading gold on the M30 timeframe. This focus allows it to exploit the unique characteristics of the gold market, such as its high volatility and strong momentum, resulting in more accurate and profitable trades.

Extensive Testing and Proven Performance: Golden Shine has been rigorously tested over a period from 2017 to 2024 using every tick data to ensure its reliability and performance. These backtests demonstrate stable growth and consistent profitability, providing traders with confidence in its effectiveness.

Compatibility with Various Account Types: Golden Shine MT4 V1.1 is compatible with multiple account types, including PRO, ECN, RAW, and Hedging accounts with a leverage of 1:500. This flexibility allows traders to use the EA across different trading environments.

Easy Setup and Customization: Setting up Golden Shine is straightforward. Simply open an M30 chart for XAUUSD and run the EA. The EA comes with a setfile that simplifies the setup process. Additionally, traders can customize various parameters to suit their risk tolerance and trading style.

Key Settings and Parameters

Manage Open Positions:

Pending Order: Enable or disable pending orders.
Period in Bars: Specify the number of bars to look back for indicators.

Manage Lots and Money:

AutoLot: Enable or disable automatic lot sizing.
Money to Manage: Define the amount to manage if AutoLot is enabled.
Start Lot: Set the initial lot size if AutoLot is disabled.
Maximal Lots: Set the maximum lots per trade.

Manage SL-TP Settings:

Stop Loss & Take Profit: Enable or disable virtual stop loss and take profit.
Stop Loss: Set stop loss in pips.
Take Profit: Set take profit in pips.

Manage Trailing:

Trailing: Enable or disable trailing stop.
Trailing Start: Define trailing start in pips.
Trailing Size: Set trailing step size in pips.

Manage BreakEven:

Break Even: Enable or disable break-even settings.
Break Even Start: Define when to start break-even in pips.
Break Even Step: Set break-even step in pips.

Time Management:

Use Time Control: Set trading hours and days based on broker’s server time.
Trade Start/End Time: Define the start and end time for trading sessions.
Enable Trading on Specific Days: Enable or disable trading on specific days of the week.

Other Management Settings:

Max Spread: Set the maximum spread allowed in pips.
Max Slippage: Define the maximum slippage allowed in pips.
Coefficient: Adjust to handle volatile market conditions.
Magic Number: Set a unique identifier for the EA to manage trades.

Conclusion

Golden Shine MT4 V1.1 is an advanced, fully automated EA designed for scalping gold with precision and safety. Its unique approach to leveraging market momentum, combined with extensive customization options and robust risk management, makes it an invaluable tool for traders looking to enhance their gold trading strategy. Whether you are new to trading or an experienced trader, Golden Shine provides a reliable and efficient way to capitalize on the lucrative opportunities in the gold market.