Preview
In this post we introduce an Expert Advisor (EA) specifically designed for automated trading on XAUUSD (Gold). The EA operates using a single indicator, the Starc Bands, with a custom multiplier applied to reduce its sensitivity and enhance stability. Trade entries are exclusively in the long direction and the strategy is executed on daily (D1) time frames.
To ensure disciplined risk management every position is protected by predefined stop-loss and take-profit levels. The performance results available on our YouTube channel are based on a deliberately non-optimized system to prevent overfitting and provide a realistic assessment of the EA’s capabilities. However, key money management variables such as lot size, take profit, stop loss and other parameters can be adjusted upon request to better align with individual trading preferences and risk tolerance.
The development, testing and analysis of this EA were conducted under the following parameters:
- Starting capital: €1,000
- Fixed lot size: 0.01
- Position types: Long-only
- Martingale or Hedging: No
- Maximum leverage: 1:100
- Maximum open lots: 1
This post provides a detailed overview of the EA’s features, along with key performance metrics derived from rigorous testing. These insights offer traders a clear understanding of the algorithm’s behavior across different market conditions, enabling them to make informed decisions about its integration into their trading strategies.
The final section of this post displays the current status of the trading system, which may change if the system is disabled or replaced. Subscribers can download the EA executable file for free, ready for seamless integration into the MT4 platform, as long as the system remains active.
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