Gold Island EA is a sophisticated Expert Advisor (EA) designed for the MetaTrader 4 platform, aimed at enhancing the trading experience. It offers a suite of features including risk management, take profit points, and martingale methods, all tailored to ensure smooth and safe trading operations. Optimized for currency pairs like EURUSD and XAUUSD, with a special emphasis on gold, it’s a tool crafted to help traders navigate the volatile forex market efficiently.

Gold Island EA MT4: A Smooth and Safe Trading Robot

Overview

The Gold Island EA is an Expert Advisor designed for MetaTrader 4 (MT4) that aims to make your trading experience smooth and safe. It incorporates several features to optimize your trading strategy. Let’s dive into the details:

Key Features:

1. Risk Management: The EA manages risk as a percentage of your total account balance.
2. Take Profit Points: Specify the points at which the EA should take profit and close trades.
3. Martingale Methods: Utilizes martingale techniques for position sizing.
4. Close Trades in Average Profit: The EA aims to close trades when they reach an average profit level.
5. Low Drawdown: Minimizes drawdown to protect your account.

Parameters

Here are the key parameters you can customize:

• Take Profit: Set the points at which the EA should take profit and close trades.
• Trade Distance: Determine the distance (in pips) from the initial trade at which subsequent trades should be opened.
• Starting Lots: Specify the initial trade size.
• Multiplier Value: Control how frequently the trade size increases in subsequent trades.
• Maximum Trades: Limit the total number of trades the EA can open.
• Close Maximum Trades: Choose whether the EA should close maximum trades to reduce drawdown.

Currency Pairs

The Gold Island EA is optimized for the following currency pairs:

• EURUSD
• GBPUSD
• AUDUSD
• USDJPY
• XAUUSD (Gold)

Recommended Time Frame

For optimal results, use time frames between 1 minute and 15 minutes. We’ve tested the EA on a 5-minute chart, which consistently performs well.

Trading Strategy

The Gold Island EA employs a swing trading strategy tailored for flat markets (which occur 80-90% of the time). It adapts to various market conditions, ensuring intelligent and strategic trades.

Minimum Deposit

To get started, we recommend a minimum account balance of $100. Use a lot size of 0.01 for each $100 balance, and set the take profit at 100 points for the best results.

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.

What’s in the package?

Experts

• Gold Island EA.ex4