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GOLD Edge PRO GUIDE – My Buying and selling – 8 Might 2023


Please register with Wildrose Foreign exchange Group.

GOLD Edge PRO is a EA designed particularly for GOLD(XAUUSD)and can be used on any monetary instrument, any pairs.

This EA trades trend-following utilizing transferring averages and multi-timeframe RSI. Use GRID commerce.

This EA closes with the “DD Scale back” perform when drawing down.
You possibly can set trailing cease for “GRID buying and selling” and “DD Scale back” perform.

Typically, EA could not be capable of reply to surprising worth actions that happen in vital information, so it is strongly recommended to pause buying and selling.
GOLD Edge PRO has a NEWS FILTER perform, and you’ll set days, hours, and days of the week when you don’t commerce.
Additionally it is doable to set the place to shut accordingly.

DD Scale back perform:
It’s a perform to shut the oldest order with  the most recent order.

The really useful set recordsdata is on the backside.

Options:

Gold Edge PRO has the “Auto Distance” perform.This perform routinely matches Distance to the foreign money pair.

You should utilize the panel to make further transactions. Will probably be routinely settled as a GRID sequence.
You too can Shut manually. From the panel, you’ll be able to change Max Trades and Max Lot Measurement.

Typically, EA (robotic) is weak to cost actions because of vital information and occasions,

so it is strongly recommended to pause when there’s vital information or when there’s an occasion.

GOLD Edge PRO can set NEWS FILTER perform and Non-Commerce Day.
As well as, you’ll be able to set the buying and selling time and the day of the week for buying and selling. Additionally it is doable to shut a place.

Gold Edge Professional MT5 helps information sources supplied by MQL5.com.

(Should you chosen Information Supply = ForexFactory.com.)

To activate information filter go to terminal’s menu  “Instruments” >> “Choices” >> “Professional Advisors”. Allow the “Enable WebRequest for listed URL” choice and add URL beneath to the listing. 

It’s pointless in case you select “MQL5.com”.

(https://) nfs.faireconomy.media

NOTE: Information filter doesn’t works at technique tester. That is real-time module that gives nice safety and works solely at stay buying and selling.

Suggestions:

Time Body M5 really useful.

AUDUSD:
Minimal deposit $1500.

XAUUSD:
Minimal deposit $3000. Lot 0.01. (use .set file “lowrisk”).
Beneficial $6000 or extra.

Suggest Pair: XAUUSD, AUDUSD, EURUSD, GBPUSD  and with the perform of “Auto Distance”, any foreign money pairs.

The really useful set recordsdata is on the backside.


Control panel:

Control panel

The really useful setfiles is on the backside.

Regulate Begin LotSize, Max Lotsize, Max Trades in accordance with your fairness.
You possibly can modify the drawdown and revenue by altering the parameters of the GRID class.
If you should use a tester, please use the tester to make changes.

Primary Setting

Magic Quantity – Magic quantity. Change it if obligatory.
Use Quick Commerce – Permits Quick Commerce (Promote).
Use Lengthy Commerce – Permits Lengthy Commerce (Purchase).

Cash Administration

Auto Lot Measurement – Allow automated lot dimension setting utilizing Maney Administration perform.
Auto Max Tons – Allow automated most lot dimension utilizing Maney Administration perform.
Base Margin for every Lotsize – The quantity of base funds for the Maney Administration characteristic.

If you wish to routinely set the lot dimension in accordance with the fairness, set “Auto Lot Measurement” to “true”. And set the quantity for “StartLotSize” in “Base Margin for every Lotsize”. “Lot Measurement will improve by the quantity set in Base Margin for every Lotsize.
Equally, setting “Auto Max Tons” to “true” may also improve “Max heaps”.

ex. Auto Lot Measurement = “true”, Base Margin for every Lotsize = “3000”, Begin LotSize =0.01″,
      $3000 – $5999: 0.01 Lot,  $6000 – $8999: 0.02 Lot ……

      if “Auto Max Tons = true” Max Tons improve 0.2, 0.4, 0.6….

Commerce Parm

Begin LotSize – Begin lot dimension.
Take Revenue – Settlement revenue.
Take Revenue (DD Scale back) – Settlement revenue when DD Scale back (DrawDown Scale back) perform is used.
 Slippage – Slippage.
Variety of digits after the decimal level – The variety of digits after the decimal level within the lot. Please match with the dealer.
Use Hedge Commerce – Make a double-decker transaction.
Cease Loss (not really useful) – Cease Loss(level)   When utilizing Trailing Cease (DD), solely the primary order is legitimate. 0.0=Not Use.

Trailling

Use Trailling Cease – Allow trailing cease.
TrailStart pips – Trailing begin worth.
TrailStop pips – Trailing cease worth.
Use Trailling Cease (DD Scale back) – Permits trailing cease when the DD Scale back perform is used.
TrailStart pips (DD Scale back) – Trailing begin worth when DD Scale back perform.
TrailStop pips (DD Scale back) – Railing cease worth when DD Scale back perform.

GRID

Max Lotsize – Most lot dimension.
Begin Lot Multiply Depend – Variety of trades to begin the Lot Multiply.
Lot Multiplier – Lot amplification worth.
Max Trades – Most variety of trades (bigger is best, however threat is greater)
Begin DD Scale back Depend – Variety of trades to begin the DD Scale back perform.

GRID Distance

Auto Set Distance by ATR – Calculate Distance routinely from ATR.
I like to recommend setting this to “true”. This feature set Distance routinely in accordance with the foreign money pair.

ATR Time-frame – H1 is really useful. I like to recommend that you don’t change it.
ATR Interval – Interval of ATR.(PRO Solely)
ATR_Ratio – If you wish to modify the Distance, modify it by a ratio corresponding to 0.9 or 1.1

Distance – Distance (quantity) to make the following commerce when going backwards.
Begin Distance Multiply Depend – Variety of trades to begin amplifying Distance.
Distance Multiplier – Amplification worth of Distance.

FIlter

MA Timeframe – Timeframe for MA. It isn’t the chart’s timeframe.
MA Quick Interval – Transferring Common quick interval.
MA Lengthy Interval – Transferring Common lengthy interval.

Use Candle Filter – Whether or not to make use of a candle filter in buying and selling
Use Candle Filter to GRID – Whether or not to make use of a candle filter in GRID buying and selling

Use RSI Filter – Use present RSI filter.
Use RSI(H1) Filter – Use H1 RSI filter.
Use RSI(D1) Filter – Use D1 RSI filter.
Min RSI%  – Present RSI Min.
Max RSI% – Present RSI Max.
Min RSI%(H1) – H1 RSI Min.
Max RSI$(H1) –  H1 RSI Max.
Min RSI%(D1) – D1 RSI Min.
Max RSI%(D1) – D1 RSI Max.

By default(Variations till 2022/9), D1 RSI is ready at Min40, Max60.
On this case, if the downtrend continues and the D1 RSI breaks beneath 40, don’t commerce promote.
Additionally, if the uptrend continues and the D1 RSI is above 60, don’t purchase trades.
If you wish to commerce extra, cut back Min to 30 and set Max to 70 and you’re going to get extra trades.
Nonetheless, it additionally will increase the danger, so please use it with warning.

Time to commerce

Use Time Filter – Time Filter On.
Begin Hour – Commerce begin time (hours).
Begin Minute – Commerce Begin Time (minutes).
Finish Hour – Commerce finish time (hours).
Finish Minute – Commerce Finish Time (minutes).
Shut positions on the finish of buying and selling time – Shut positions on the finish of buying and selling time

Day of the week to commerce

Commerce on monday – Commerce on monday On.
Commerce on Tuesday – Commerce on Tuesday On.
Commerce on Wednesday – Commerce on Wednesday On.
Commerce on Thursday – Commerce on Thursday On.
Commerce on Friday – Commerce on Friday On.
Shut positions at first of non-trad day of the week – Shut positions at first of non-trad day of the week

Non-Trade_Day

You possibly can set 6 non-trading days.
Write mon/day, corresponding to 9/3.

Non-Commerce Day1
Non-Commerce Day2
Non-Commerce Day3
Non-Commerce Day4
Non-Commerce Day5
Non-Commerce Day6

Information Settings

(Should you chosen Information Supply = ForexFactory.com)

To activate information filter go to terminal’s menu  “Instruments” >> “Choices” >> “Professional Advisors”. Allow the “Enable WebRequest for listed URL” choice and add URL beneath to the listing. 

It’s pointless in case you select “MQL5.com”.

(https://) nfs.faireconomy.media

NOTE: Information filter doesn’t works at technique tester. That is real-time module that gives nice safety and works solely at stay buying and selling. 

1.Choose “Choices” from “Instruments” on the prime of your MT5.

2.Test “Enable WebRequest for listed URL” and press “add new URL..” to register the URL.

Use NEWS FILTER – Use NEWS FILTER

Information Supply –    Choose the information supply.

  • Forexfactory  // forexfactory.com
  • MQL5_com   // MQL5.com (MT5)

LowNews – Activate weak information.
LowIndentBefore – The indent earlier than a weak information launch.
LowIndentAfter – The indent after a weak information launch.
Shut positions when ready for LowNews begins – Shut positions when ready for LowNews begins.
MidleNews – Activate medium information.
MidleIndentBefore – The indent earlier than a medium information launch.
MidleIndentAfter – The indent after a medium information launch.
Shut positions when ready for MidleNews begins – Shut positions when ready for MidleNews begins
HighNews – Activate robust information.
HighIndentBefore – The indent earlier than a powerful information launch.
HighIndentAfter – The indent after a powerful information launch.
Shut positions when ready for HighNews begins – Shut positions when ready for HighNews begins
NFPNews – Activate information of Non-farm Payrolls.
NFPIndentBefore – The indent earlier than a information launch of Non-farm Payrolls.
NFPIndentAfter – The indent after a information launch of Non-farm Payrolls.
Shut positions when ready for NFPNews begins – Shut positions when ready for NFPNews begins
DrawNewsLines – Activate to point out the information traces on the chart.
LowColor – The colour of weak information.
MidleColor – The colour of medium information.
HighColor – The colour of robust information.
LineWidth – The road width.
LineStyle – The road model.
OnlySymbolNews – Set it to “true” to  information just for chosen image. in case you set “false” to pick all.

Add Forex  –
When “OnlySymbolNews” is ready to “true”, different currencies may be set as further.
comma separation. ex. GBP, EUR, JPY

Your Time Zone, GMT (for information) – Time zone (GMT).GMT offset.Distinction between GMT and dealer’s server time
Use this setting provided that your information supply is forexfactory.com.
Robotically set the GMT offset – Robotically units the distinction between GMT and the dealer’s server time.
Use this setting provided that your information supply is forexfactory.com.

Pattern Reversal Loss Minimize 

Don’t change in case you have no idea the transferring common.
or do sufficient testing.

This parameter additionally filters commerce entries. (Don’t enter if there are indicators of reversal)

Use Pattern Reversal Loss Minimize (TRLC) – Use Pattern Reversal Loss Minimize
Pattern Reversal MA Timeframe – transferring common timeframe to detect pattern reversal.
Pattern Reversal MA Quick – MA Quick 
Pattern Reversal MA Lengthy – MA Lengthy 

Loss Minimize 

Fairness P.c(%) Loss Minimize – Minimize losses at a share of fairness
Fairness P.c – Share of drawdown quantity to fairness

Panel Setting

Button Measurement Base – Button dimension on the panel.
Font Measurement Base – The font dimension of the panel.

FAQ:

The most typical inquiry.

Q:

The EA used to commerce rather a lot earlier than, however as of late it does not commerce in any respect.
Why?

A:

“RSI Filter” D1 and H1 are “true” by default.
If the RSI exceeds this vary, whether it is greater than the worth of “max”, don’t Purchase commerce.
Within the case of “min” or much less, we don’t Promote commerce.
For instance, if the “RSI” exceeds “Max” in an uptrend, it is not going to be traded as a result of it is not going to purchase and commerce even whether it is an uptrend.
Should you set “RSI Filter” to False or “Min” and “Max” broadly, the variety of trades will improve, however please be aware that the danger will improve.
You by no means know when a pointy reversal in pattern will happen if the RSI is out of bounds.


GOLD Edge PRO .Set Recordsdata (V3.1 or later):

GOLD Regular setting  replace 2023.5.1

MT5  GOLD_Edge_PRO_Recommend_MT4_M5.set


GOLD Low Danger replace 2023.5.1

MT5

GOLD_Edge_PRO_lowrisk_MT5_M5.set

MT4

GOLD_Edge_PRO_lowrisk_MT4_M5.set

AUDUSD, EURUSD, GBPUSD  and  Different Forex     replace 2023.5.1

GOLD_Edge_PRO_Currency_MT4_M5.set

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