Gold Excel

Overview of Gold Excel

Gold Excel is a trading system designed specifically for the XAUUSD (Gold) pair. It operates on a twice-per-day basis, leveraging the high daily range, volatility, and movement correlation with stock market opens. This system uses price action and time-based trading to gain an edge, proven through extensive historical testing and live forward trading results.

Key Features

• Currency Pair: XAUUSD (Gold)
• Minimum Deposit: $50
• Timeframe: 5 Minutes
• Broker Offering: Any decent broker with gold spread around or under 10-15 cents
• Account Type: Low Spread with Commission (RAW/RAZOR/ECN)
• Entry: Pending Orders placement
• Exit: By Stop loss, or trailing profit orders
• Stop Loss: $5 movement in Gold
• Take Profit: $5 movement in Gold
• Orders: Maximum of 2 trades filled per day
• Recovery Function: Optional, increases lot size next day if prior day was a loss

Trading Strategy

Gold Excel uses market opens as a catalyst to detect early moves in the Gold pair at the start of the US trading session. The system places orders twice daily, ensuring only one trade is open at any given time. This approach avoids the pitfalls of layering techniques or adding multiple trades on top of losses, making it easy for users to predetermine the downside risk of each trade.

Advantages

• High Win Rate: Historical win rate of 85%+
• Simple Yet Effective: Uses natural market logic of time-based price action trading
• Stable Performance: Proven through long-range testing and live forward trading
• Prop Firm Compatibility: Works with any prop firm offering regular XAU spreads
• Low Capital Requirement: Can work in accounts from $50 upwards
• News Avoidance: Trades only after US Markets open, avoiding major news releases

Setup and Configuration

Setting up Gold Excel is straightforward. Users only need to adjust the lot size and GMT clock if necessary. The system does not require a VPS but it is recommended for optimal performance. Backtesting in MT5 is advised for better modeling accuracy, although the EA works the same way in both MT4 and MT5 real accounts.

Conclusion

Gold Excel is a robust and reliable trading system for the Gold market, offering a full-circle solution for both prop users and standard traders. With its high win rate, simple setup, and effective risk management, it stands out as a top choice for traders looking to capitalize on the volatility and liquidity of the Gold market. 🌟📈