Overview

GOLD_H1 is configured on GigaFactory by member solovely (Telegram: @anh219) of FXCE - EA community.

GOLD_H1 trades according to DCA strategy based on the correlation of the pair of candles with the Stochastic Oscillator (9,5,5). If the price moves in the opposite direction, the EA will execute a DCA sequence of 6 orders every 379 points.

In order to maintain capital, the maximum risk is set at 15%. When this level is reached, the EA will stoploss and lock the account for 12 hours.

GOLD_H1 on MT5

GOLD_H1 has started the Forward Test, users can follow the trading results on the FXCE Social Trading Platform here.

GOLD_H1 trading method

Strategy

Buy conditions

• The Closing price of the 1st candle < the Opening price of the 1st candle

• The Closing price of the 2nd candle < the Opening price of the 2nd candle

• Stochastic Oscillator (9,5,5) < 20

Sell conditions

• The Closing price of the 1st candle > the Opening price of the 1st candle

• The Closing price of the 2nd candle > the Opening price of the 2nd candle

• Stochastic Oscillator (9,5,5) > 80

Risk management

First order

• Fixed volume: 0.02 lots

• Take Profit: 600 points

DCA Strategy

• Fixed Step Size: 379 points

• DCA sequence with Volume by lot as follows: 0.03; 0.04; 0.06; 0.1; 0.16; 0.26

• Target Profit: 500 points

• Trailing Stop (CP-SL): 150 - 50 points

• Max Risk: 15%

• When reaching Max Risk, the account will be locked within 12 hours.

Backtesting results

The EA backtested under the following conditions:

• Time Frame: H1

• Backtest period: 01/01/2021 - 24/01/2023

• Symbol: XAUUSD

• Balance: $10.000

Backtest settings

GOLD_H1 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 solovely (Telegram: @anh219) of FXCE EA.

• Used on MT5 FXCE platform

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

• FXCE as well as solovely 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.