Gold Alliance EA V1.3 M4

Gold Alliance EA V1.3 for M4

Overview

Gold Alliance EA V1.3 is a powerful automated trading advisor designed specifically for trading gold (XAUUSD) in the Forex market. Developed by experienced traders and programmers, this EA aims to optimize profits while minimizing risks.

Key Features:

1. Automatic Trading:
   • Utilizes advanced algorithms to automate decision-making processes.
   • Executes transactions based on predefined rules without manual intervention.
   • Reduces human errors and ensures timely responses to market movements.
2. Technical Analysis and Forecasting:
   • Employs robust analytical tools and forecasting engines.
   • Allows informed trading decisions based on:
     • Market trends
     • Price patterns
     • Technical indicators
   • Anticipates market movements for optimized strategies.

Trading Parameters:

• Minimum Deposit: $300
• Timeframe: M15 (15-minute chart)
• Currency Pair: XAUUSD (gold)

Strategy:

The Gold Alliance EA V1.3 follows a breakout strategy from important support and resistance levels. Here’s how it takes trades:

1. Breakout Detection:
   • Monitors key support and resistance levels.
   • Aims to identify significant price movements.
   • Waits for a breakout above or below these levels.
2. Entry Criteria:
   • When a breakout occurs, the EA enters a trade.
   • It considers factors such as momentum, volume, and candlestick patterns.
   • Uses stop-loss and take-profit levels to manage risk.
3. Trailing Stops:
   • Implements trailing stop-loss and trailing take-profit.
   • Adjusts these levels as the trade progresses.
   • Locks in profits while allowing room for further gains.

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Additional Resources 

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