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Expert: Chefs Gold EA_fix.ex4 (Unlocked MT4 Build 1422+), Document: Chef’s Gold EA settings.txt.
Chef’s Gold EA: Smart Automated Trading for XAUUSD
Chef’s Gold EA is a cutting-edge, fully automated trading system built to trade the XAUUSD (gold vs. US dollar) pair in the forex market. Using the latest artificial intelligence and machine learning technologies, it detects market trends and acts on them quickly and accurately to maximize trading opportunities.
How It Works
This EA’s standout feature is its powerful pattern recognition. By studying years of historical price data, it has learned to spot specific candlestick patterns that often lead to profitable trades. When a familiar pattern appears during live trading, Chef’s Gold EA automatically places a trade to take advantage of potential price moves—no manual intervention needed.
Backtesting on 10 years of data shows the EA predicts price movements correctly between 78% and 84% of the time. This high accuracy, combined with its AI-driven learning, makes it an effective tool for traders aiming to improve their results in gold trading.
Smart Compounding Strategy
Chef’s Gold EA focuses on compounding — reinvesting profits to grow your capital exponentially over time. Starting with just $200, it can potentially grow your account to $100,000 within a year. This happens through consistent, small gains added regularly, using a method that increases lot sizes every $150 in balance. This steady approach helps to keep risks low and avoid big losses.
Extensive testing proves this compounding method consistently delivers strong returns with minimal risk, making it a reliable strategy for long-term profit.
Quick Overview
Trades XAUUSD with AI-powered pattern recognition
78-84% prediction accuracy over 10 years of data
Uses a compounding approach for steady growth
Starts from $200 and targets $100,000 in one year
Limits risk with fixed take profit and stop loss levels
Tested thoroughly to ensure consistent profits
Trading Details
Symbol: Any XAUUSD pair
Timeframe: 30 minutes
Minimum Deposit: $200 recommended
Leverage: Works best with 1:500 but can function with 1:200 or lower
Recommended Broker: Vantage Markets Limited (personal favorite)
EA Settings
Risk Mode: Low Risk (True) or High Risk (False)
Order Limits (Low Risk = True):
One Buy only
One Sell only
One Buy and one Sell
One Sell and one Buy
No multiple same-direction orders (no Buy-Buy or Sell-Sell)
Compounding Balance Step: $150 (compounds every $150 increase)
Lot Size: Starts at 0.01 lots and scales with balance
Take Profit: 160 points (equivalent to $16 in gold)
Stop Loss: 160 points ($16 in gold)
Maximum Orders per Cycle: 1
Magic Number: 44
Chef’s Gold EA offers a smart, reliable, and fully automated way to trade gold with the power of AI and smart money management. Whether you’re a beginner or an experienced trader, this EA is designed to help you grow your investments while keeping risk under control.
