Overview

EA GOLD KILLER trades Gold on M1 and is configured on FXCE Giga by member gin hoang (Telegram: @Ginhuang) of FXCE - EA community.

The EA uses a combination of two indicators including RSI(25) and DayTimeTrade.

• RSI uses a 25 period range and the overbought/oversold zone of 72/26 on the M1 timeframe, respectively.

• DayTimeTrade is used to optimize safe and efficient trading hours. Parameters has been optimized after statistics on price movement data for 3 years from 2020 to present.

EA GOLD KILLER trading method

Strategy

Buy conditions

• When the candle closes at or below the oversold zone (the 26 zone of RSI)

• Time Frame: M1

Sell conditions

• When the candle closes at or above the overbought zone (the 72 zone of RSI)

• Time Frame: M1

Risk management

• Volume and TP of the first order are fixed: 0.03 lots and 20 points.

• Total number of positions on the account: 5

• Trading volume according to 2.0.

• Respectively fixed Step Size are 50; 100; 150; 300; 400; 350 points.

• Respectively fixed TP for DCA sequence are 100; 20; 30; 100; 130; 10 points.

Backtesting results

The EA backtested under the following conditions:

• Time Frame: M1

• Backtest period: 01/01/2020 - 31/12/2022

• Symbol: XAUUSD

• Balance: $10.000

Backtest settings

EA GOLD KILLER backtesting results

The backtest result is evaluated based on 4 criteria:

• Drawdown recovery period = EDD * Number of months Backtest / Total Net Profit

• History Quality ≥ 99%

• Profit Factor ≥ 1,5

• Equity Drawdown ≤ 15%

More information on the Backtest assessment guiding: https://ea.fxce.com/post/huong-dan-danh-gia-ket-qua-backtest_636a2d4e56a5ec0001ade8e3

Configurating on Giga

Follow the steps to configure and can customize the EA:

Entry tab settings

Buy order

Sell order

Volume tab settings

Settings tab

Action tab settings - DCA

Terms of use

• The EA is free of charge and shared by member gin hoang (Telegram: @Ginhoang) of FXCE EA.

• Used on MT5 FXCE platform

• Any purchase, sale or exchange in any form is not allowed.

• FXCE as well as gin hoang are not responsible for any loss during use.

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Download the EA config here

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• Detailed instructions on how to use EA from EA Giga library can be found here.

• Copy the “.config” file into the folder where the FXCE Giga config file is saved.

• To access the folder where the config file is saved, go to FXCE Giga and select the File > Open Data Folder menu.

• After loading the config file into FXCE Giga, users can perform backtest or forward test.