GOLD Punakawan EA for MT4: A Profitable Gold Trading Strategy
Overview
The GOLD Punakawan EA is designed for MetaTrader 4 (MT4) and aims to provide consistent profits by trading gold (XAUUSD). Here are the key details:
- Minimum Deposit: $1000 (per trading pair)
- Timeframe: Daily
- Currency Pair: Gold (XAUUSD)
Strategy
Unlike many other gold EAs that rely on risky grid/martingale approaches, the GOLD Punakawan EA follows a more stable and effective strategy based on daily support and resistance levels. Here’s how it works:
- Breakouts: The EA identifies breakouts of daily support and resistance levels.
- Risk Management: Each trade has predefined take profit (TP) and stop loss (SL) levels. Additionally, a trailing stop loss is used to minimize risk and maximize profits as price moves favorably.
- Multiple Strategies: The EA includes 7 different strategies that work seamlessly together, resulting in stable growth with occasional losses.
Installation
- Select a Regulated Broker: Choose a reputable broker that offers gold trading on MT4. Ensure the broker is regulated and trustworthy.
- Install MetaTrader: Download and install MetaTrader 4 from your broker’s website.
- Add the EA to MT4:
- Open a gold chart on the daily timeframe.
- Drag the GOLD Punakawan EA onto the chart.
- Set the lot size according to your account balance.
- For low-balance accounts ($200-$400), consider running only strategies 2, 4, and 7 (lowest drawdowns).
- Risk Settings:
- Start with 1% risk per trade using the “Risk per Trade” setting.
- Backtest the EA and adjust risk as needed.
- Demo Testing: Test the EA on a demo account for several weeks to a month before using it on a live account.
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.📈🍀
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