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The Expert Advisor has been specifically developed for trading gold (Spot Gold).
The strategy is based on Fibo levels calculated from the previous (first) candle High/Low and the width of the current and lower timeframes channel. If important Fibo levels of different orders are located in a single price channel (within a spread), the EA defines this channel as the target for price movement and starts operation.
Martingale and averaging are not used. Each order is independent and is accompanied by a stop loss and take profit.
The strategy applies a trailing stop.
It is recommended using this EA on gold (Gold Spot, XAUUSD, etc.).
Parameters
- Comment to order – open orders comments;
- MaxRisk – maximum risk per trade;
- if MaxRisk = 0, Lot will be – lot if MaxRisk=0;
- Take Profit – take profit;
- Stop Loss – stop loss;
- Enable trailing-stop – enable trailing stop;
- Trailing Start – trailing start;
- Trailing Step – trailing step;
- Max orders in the market – maximum number of simultaneous orders;
- Max Spread – maximum allowable spread;
- Slippage – slippage level;
- Magic – magic number to distinguish EA’s own orders.
