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A starting balance of $200 is ideal. It can work with $100, but the profitability will decrease disproportionately. For optimal results, a minimum of $200 is recommended.
- Profits should also be withdrawn daily at the end of the trading day.
Can it be backtested?
Yes, but only day by day. You cannot backtest it weekly or monthly because this EA is specifically designed for daily results. Take the time to backtest day by day for a full week to fully understand the results.
Best Testing Approach
- Download the demo version from the comments tab (V7 ULTIMATE only).
- Run it on a demo account with the capital you plan to use in real trading. For example:
- If you plan to trade with $200, test it with $200.
- If you plan to trade with $1,000, test it with $1,000.
- Let it run for a full day and check the results in the evening. Do it as many days as you consider necessary.
- Once you’re satisfied with its performance, move to a live account and withdraw profits daily.
Key Parameters and Recommendations
Max Spread = 10
- This is the recommended value. You can adjust it, but always test it on a demo account to observe its behavior with your broker.
- If trades are not opening, check the spread value displayed in the lower-right corner and adjust accordingly.
- Caution: Increasing it to values like 30-40 will cause trades to open with significant initial losses, severely impacting performance.
Step = 40
- This is the distance at which the second (and final) trade will open.
Max Trades = 2
- Two trades are optimal to determine whether the price will rebound or continue its direction. Increasing this number is not recommended.
Time Start = 1
- The time the EA starts trading. This is based on your broker’s time, not your local time or VPS time.
Time End = 22
- The time the EA stops trading. At this point, you can withdraw your daily profit.
Global SL Percentage = 10
- This is the stop loss percentage for all open trades combined. Modifying this is not recommended.
Max Daily Loss Percentage
- This defines the total risk for your account.
- Example: If your account balance is $200, the total risk will be $100. So, It’s recommended to set a daily risk amount in your mind and deposit double that amount into the account.
- While the EA carries risk, it also delivers excellent results—test it to see for yourself.
Close all trades at Time End = true
- This will close all trades at the end of the trading session, whether in profit or loss.
- If you don’t want trades to close automatically at the end of the day, set this to false.
Up Lot = 1.5
- This defines how much the lot size will increase for the second trade.
Lots:
- The EA automatically adjusts the lot size based on your account balance.
- For every $100 in your account, it starts trading with 0.01 lots.
- Example: If you have $1,000, it will start with 0.1 lots.
- Example: If you have $1,000, it will start with 0.1 lots.
- This parameter cannot be modified.
Important Note
This EA is designed for a daily trading format with both risks and rewards. If you’re not comfortable with this style of trading, this EA may not be for you. In that case, you should consider other robots designed for a monthly approach with different risk levels and results.
If you modify the parameters, the results will be entirely different from those expected.
- Specifications Discription
- Product Type Fix, No DLL
- Currency Pairs XAUUSD / GOLD
- TimeFrame M1
- SetFiles Default
- Minimum Deposit 200$
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