Gold Chaser

Overview of Gold Chaser

The Gold Chaser expert advisor is a fully automated trading system designed to trade four symbols: XAUUSD (Gold), XAGUSD (Silver), BTCUSD (Bitcoin), and XBRUSD (Brent Oil). This system leverages the rapid movements and volatility of these commodities and cryptocurrencies to generate trading signals.

Key Features

• Automated trading on multiple symbols simultaneously
• Utilizes the Commodity Channel Index (CCI) for signal generation
• Employs machine learning with two recurrent neural networks
• Can be run on any chart and timeframe

Trading Strategy

Gold Chaser's strategy is built around the CCI indicator, which is specifically designed for commodities. This indicator helps identify strong trend paths and overbought or oversold zones. The system uses two recurrent neural networks that compete to generate buy and sell signals, ensuring a robust decision-making process.

Recommended Settings

• Chart/Timeframe: Daily chart of gold
• Volume per trade: 0.01 for every 1000 USD of deposit
• Max trades per signal: 1

Expert Advisor Properties

• Volume: Fixed volume or percentage of available funds
• Symbol Names: Ensure correct symbol names in MetaTrader's Market Watch
• Max trades per signal: Set a limit on the number of trades per symbol per signal
• Profit closure: Option to close all trades upon reaching a certain profit percentage

Advantages and Limitations

Gold Chaser excels in markets with high volatility, such as gold and cryptocurrencies. The use of machine learning and neural networks allows it to adapt to market changes dynamically. However, it requires careful setup and monitoring to ensure optimal performance.

User Reviews

Users have praised Gold Chaser for its accuracy and profitability. One user noted that the EA replicates backtest results in live trades and has been profitable so far. Another user appreciated the developer's responsiveness and support.

Conclusion

Gold Chaser is a powerful tool for traders looking to capitalize on the volatility of gold, silver, Bitcoin, and oil. Its advanced use of the CCI indicator and machine learning makes it a standout choice for automated trading. However, like any trading system, it requires proper setup and ongoing monitoring to achieve the best results. 🌟💰