EA Golden Fever XAUUSD

Overview:

• EA Name: EA Golden Fever
• Currency Pair: XAUUSD (Gold)
• Timeframe: H1 (1-hour chart)
• Minimum Deposit: $1000 (per buying and selling pair)

Key Features:

1. Target Currency: XAUUSD (Gold)
2. Timeframe: H1 (1-hour chart)
3. Fixed Lot Size: The EA uses a fixed lot size of 0.01.

Strategy:

The EA Golden Fever employs a classic trend-following strategy to capture trading opportunities in the XAUUSD market. Here’s how it takes trades:

1. Buy the Dip in Uptrends:
   • When the price is in an uptrend (as indicated by the H1 timeframe), the EA looks for pullbacks or dips.
   • It identifies areas where the price retraces temporarily before continuing its upward movement.
   • The EA enters a buy position (long) during these retracements, anticipating that the overall trend will resume.

1. Sell Rallies in Downtrends:
   • Conversely, when the price is in a downtrend, the EA identifies rallies or upward bounces.
   • It waits for price spikes or short-term recoveries within the downtrend.
   • The EA enters a sell position (short) during these rallies, expecting the downtrend to continue.
2. Risk Management:
   • The fixed lot size of 0.01 ensures controlled risk exposure.
   • Traders should consider adjusting the lot size based on their risk tolerance and account balance.