Bright Gold
Overview:Bright Gold is an automated trading system designed specifically for the gold market (XAU/USD). It utilizes proprietary, advanced algorithms to develop unique and effective trading strategies. The strategy monitors signals generated from price movements and employs a multi-entry approach. Scalping techniques and intelligent position management are combined to optimize performance and minimize risk.
Optimization and Usage:The Expert Advisor (EA) is optimized for gold trading and is user-friendly. It can be used with default settings on gold markets where the price is quoted to two decimal places (e.g., 2002.12). It is suitable for accounts with a minimum balance of $500.
Settings:
Max Spread: Set between 30 to 50 points (must be higher than the average spread).
Fixed Lot: Set to 0 to activate Auto Lot; if greater than 0, it sets the manual lot size.
Auto Lot: Set between 1.0 to 2.0 (1 means auto lot size = 1 lot per 100,000balance,or0.01lotsper1,000 balance).
Trailing Stop: Set to 8 points.
Start Trailing: Set to 30 points.
Max Drawdown Percentage: Set to 0 to disable.
Close All Positions on Friday: Enable (True) or Disable (False).
Time to Close Positions on Friday: 22:00.
Trading Time Frame: Active between 01:30 and 22:30.
Magic Number: Set to a unique number for identification.
Instructions:
If you set Fixed Lot to a positive value, the EA will trade with a fixed lot size.
If Fixed Lot is set to 0 and Auto Lot is greater than 0, the EA will calculate the lot size according to the Auto Lot value.
Recommendations:
Pair: XAU/USD.
Timeframe: M5 or another timeframe.
Use a Virtual Private Server (VPS) with low latency (<10ms).
Trade with ECN or Raw spread accounts with spreads below 30 points.
Minimum Account Balance: $500.
Ensure the Stops Level is set appropriately (press Ctrl + U, select the currency pair, click Properties, and check the Stops Level).
Notes:
If you trade gold with three decimal places in the price (e.g., 1900.123), you need to multiply the Max Spread, Take Profit, and Trailing parameters by 10. For instance, set Trailing to 80 instead of the default 8, because the point calculation differs for prices quoted to two decimal places.
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