Dark Gold MT5

Overview of Dark Gold MT5

Dark Gold MT5 is a fully automatic Expert Advisor (EA) designed for scalping trading on various assets including Gold (XAUUSD), Bitcoin (BTCUSD), EURUSD, and GBPUSD. This EA is highly customizable, making it a versatile tool for traders who prefer to tailor their trading strategies.

Core Features

• Based on the Dark Support Resistance indicator, though owning the indicator is not necessary.
• Supports both trend-following and counter-trend strategies.
• All settings are external, allowing traders to adjust the robot according to their preferences.
• Comes with a user manual, installation guide, update guide, and troubleshooting guide.

Recommendations

• Recommended timeframes: M5, M15, H1, and others with appropriate settings.
• Works best with an ECN broker and a low latency VPS.
• Leverage and deposit recommendations depend on the chosen settings.

Parameters

Dark Gold Settings

• Magic Number: ID number of the orders.
• Max Spread: Maximum spread to trade.

Money Management Settings

• Lots: Number of lots if the money management option is disabled.
• Money Management: Enables the money management option if set to true.
• Risk Percent: Indicates the risk percentage if money management is enabled.

Indicators Settings

• Enable Dark Support Resistance: Self-explanatory.
• Dark Support Resistance periods: Periods for the indicator.
• Enable Support Levels: Enables support levels if set to true.
• Enable Resistance Levels: Enables resistance levels if set to true.
• Strategy to use: Choose between trend following or counter trend.
• Dark Support Resistance Timeframe: Timeframe of the Dark Support Resistance Indicator.

Manual Support Resistance

• Enable Manual Support and Resistance: Allows setting support and resistance levels manually.
• Manual support: Specify the support level price.
• Manual resistance: Specify the resistance level price.
• Manual strategy to use: Choose between trend following or counter trend.

Trading Hour

• Enable Time Filter: Enables the time filter if set to true.
• Trading Start Hour: Specifies the operating start hour.
• Trading Start Minute: Specifies the operating start minute.
• Trading Stop Hour: Specifies the operating end hour.
• Trading Stop Minute: Specifies the operating end minute.
• Close Out of hours: Closes all orders at the end of the timetable.

Warnings and Cautions

• Dark Gold MT5 will not make you rich overnight. Past performance does not guarantee future results.
• Use a low-risk approach and adjust settings according to your needs and tests (demo and tester).
• No refunds are available after downloading the EA.

Conclusion

Dark Gold MT5 is a powerful and flexible tool for traders who want to engage in scalping trading on multiple assets. With its extensive customization options and robust support features, it offers a comprehensive solution for both novice and experienced traders. 🌟💼