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Original price: $99.00
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Content: Expert: The Power of Gold MT4_fix.ex4 (Unlocked-Unlimited), Indicator: LP_entry.ex4, SetUp, NO MANUAL.
The Power of Gold Expert Advisor
Navigate the gold market with precision and confidence using The Power of Gold EA — a cutting-edge trading system designed to offer traders a reliable, secure, and highly adaptable solution for XAUUSD (Gold) trading.
Setup and Requirements
Symbol: XAUUSD / GOLD
Timeframe: M30 / H1
Setfile: Required for optimal performance (please PM after purchase to receive)
Brokers: Compatible with any broker
Minimum Deposit: $500 (high risk)
Recommended Deposit: $1,000 (medium risk)
Account Type: Standard with leverage 1:500
Key Expert Inputs and Features
1. Manage Open Positions
Period in bars: Number of bars to analyze for historical price data before making decisions.
2. Manage Lot and Money
Lot Type: Choose fixed or auto lot sizing.
AutoLot: Automatically calculates lot size based on specified money to manage (e.g., balance $5000, money to manage $1000 → Autolot = 0.05).
Start Lot: Initial lot size if Autolot is false.
Coefficient Multiplier for Martingale: Lot size multiplier for Martingale scaling (default 4).
Coefficient Multiplier Manual Lot Step: Multiplier for manual lot adjustments.
Maximal Lots: Maximum lot size per trade.
Maxtrade: Maximum simultaneous trades allowed.
3. Manage GRID
Step (pips): Distance between opening new positions.
Expanding Step Coefficient: Multiplier to increase distance for subsequent grid orders.
4. Manage SLTP (Stop Loss & Take Profit)
Use Stoploss/Take Profit: Enable or disable SL and TP (set in pips).
Stop Loss: 0 means no stop loss.
Take Profit: 0 means no take profit.
5. Manage Trailing
Averaging Trailing (pips): Trailing stop distance.
Trailing Start (pips): When trailing begins.
Trailing Size (pips): Incremental trailing step.
6. Manage Break Even
Use Break Even: Enable break-even feature.
Break Even Start (pips): When break even activates.
Break Even Step (pips): Distance step for break even adjustments.
7. Manage Drawdown Reduction
Auto Close Partial: Enables partial closing to reduce drawdown.
Close Partial Methods: Multiple strategies for partial closing buy/sell positions (close by far loss, partial by profit, combined methods).
Minimum Open Positions to Activate: Number of open trades to trigger partial closing.
Partial Close Percentage (%): Portion of lots to close partially.
Min Profit to Close: Minimum profit required to trigger partial closing.
8. Manage News Trading
Stop Trade by News: Enables news filter to avoid trades around high-impact news.
Show News Only This Chart Currency: Filters news display for current symbol only.
News Importance Levels: High/Medium/Low classifications with color codes.
Stop Trade Before/After News (seconds): Set pre/post news no-trade intervals.
Show Timer Before/After News: Visual countdown timers for news events.
News Update Frequency: Interval for news refresh.
9. Manage Others
Max Spread (pips): Maximum allowed spread for trade execution.
Magic Number: Unique EA identifier for managing trades separately from others.
Why Choose The Power of Gold EA?
Designed specifically for the volatile and lucrative gold market.
Supports advanced risk management including Martingale and Grid strategies with customizable controls.
Includes a robust news filter to avoid trading during high-risk events.
Highly flexible settings to fit various trading styles and risk appetites.
Compatible with any MT4 broker offering gold trading.
For optimal results, please request the official setfile after purchase. Ready to start trading gold like a pro?
