GOLD Edge PRO MT5

Overview of GOLD Edge PRO MT5

GOLD Edge PRO MT5 is an Expert Advisor (EA) specifically designed for trading GOLD (XAUUSD). This EA is a trend-following system that utilizes moving averages and multiple time frame RSIs. It incorporates GRID trading and includes several advanced features to enhance trading performance.

Key Features

• Automatic grid interval calculation supporting various currency pairs
• DD Reduce function to close the oldest and latest orders together during recovery
• Trailing stop settings for both GRID trading and DD Reduce function
• News filter to avoid trading during high-impact news events
• Customizable trading times and days
• Optional candle filter during grid trades

Trading Recommendations

• Time Frame: M5 recommended
• Minimum deposit for AUDUSD: $1500
• Minimum deposit for XAUUSD: $3000 (lot size 0.01, use low-risk set file)
• Recommended deposit for XAUUSD: $6000 or more
• Applicable to other currency pairs like EURUSD and GBPUSD using the provided set files

Advanced Functions

• DD Reduce Function: Closes the oldest order with a loss and the latest order with a profit together to minimize drawdown
• News Filter: Avoids trading during high-impact news events to reduce risk
• Customizable Trading Schedule: Allows setting specific trading times and days, including options to close all open trades on specific days
• Candle Filter: Option to enable or disable during grid trades for better trade filtering

User Reviews

• Chi Ho Thomas Yung: "I'm impressed with the profitability and consistency of GOLD Edge PRO. The news filter is a game-changer."
• Tyler Sanchez: "Please update."
• decdecdec: "Excellent EA."

Setup and Configuration

• Ensure the spread of your broker does not exceed 400 pips (40 cents) in XAUUSD
• Use Auto MM settings according to your account balance and risk tolerance
• Backtest and optimize the EA on M1 chart using the "open price only" method for accurate results
• Read the provided user guide and FAQ for detailed setup instructions

Pricing and Availability

• Current price: $199
• Next price: $299
• Author: Hideki Nakajima
• Rating: 4.9
• Reviews: 11

GOLD Edge PRO MT5 is a robust and versatile EA designed to optimize trading performance on GOLD and other currency pairs. With its advanced features and customizable settings, it offers traders a reliable tool for enhancing their trading strategies. 🚀📈