Description
Original website: https://dadforex.com/expert-advisors/golden-dad-ea-expert-advisor-for-mt4/
Content: Expert: Golden Dad EA.ex4 (Unlocked MT4 Build 1440+), How to install MT4 files.pdf
Golden Dad EA for Metatrader4 was developed by dadforex.com team. As the name suggests it is intended to trade Gold (XAUUSD) on 1 minute chart. The algorithm of the robot analyzes market data and when certain conditions are met it opens a trade. Every deal is protected by a tight stop-loss, the expert advisor does not use any dangerous strategies like martingale or grid trading, and therefore the risk is well managed.
Recommendations for Golden Dad expert advisor:
- Broker: IC Markets
- Platform: Metatrader 4
- Currency pairs: GOLD (XAUUSD)
- Minimum deposit: 250 USD
- Timeframe: M1
- Trading time: all day
Settings of Golden Dad EA:
-
- FixedLotsSize: if you would like to trade with fixed lot, enter the number here.
- LotsPerAmount, AmountPerLot: If FixedLotsSize is set to zero, the EA will calculate trading lot automatically, by default 0.01 for every $500 of account equity. Change AmountPerLot if you prefer to reduce/increase profits and risk: 250 = High risk; 500 = Medium risk; 1000 = Low risk.
- MinLots: minimum lot to trade.
- MaxLots: maximum lot to trade.
- MaxSpread: 30 points (3 pips) by default.The EA will not open trades when spread is too wide.
- MyMagicNumber: magic number of the EA. You don’t need to change it if you trade only Gold.
- StartHour, StartMinute: You can change the time when the EA should start trading. To skip the time when spreads are very large, it is recommended to start trading 1 hour after the rollover and end 30 minutes before the next rollover.
- EndHour, EndMinute: You can change the time when the robot should stop trading.
