Golden Dad EA v1.0 MT4 Test Only (Works on Build 1431+) | Forex Robot | MT4 Expert Advisor

Golden Dad EA v1.0 MT4 for Metatrader4 was developed by dadforex.com team. As the name suggests it is intended to trade Gold (XAUUSD) on 1 minute chart. The algorithm of the robot analyzes market data and when certain conditions are met it opens a trade. Every deal is protected by a tight stop-loss, the expert advisor does not use any dangerous strategies like martingale or grid trading, and therefore the risk is well managed.

General characteristics of such EAs:

1. Automation: It automates your trading strategy by placing orders based on programmed criteria, allowing you to trade without being constantly at your computer.
2. Backtesting: Before using the EA on a live account, traders often backtest the EA to ensure it works with historical data.
3. Parameters: These EAs typically offer customizable parameters that users can adjust according to their trading preferences, such as lot sizes, stop-loss/take-profit settings, and timeframes.
4. Risk Management: Many EAs, including Golden Dad EA, might include built-in risk management features such as stop-loss, trailing stop, and take-profit levels to limit losses and secure profits.
5. Market Conditions: These systems usually work best under certain market conditions (e.g., trending markets, volatile conditions, etc.).

Recommendations for Golden Dad expert advisor:

• Broker: IC Markets
• Platform: Metatrader 4
• Currency pairs: GOLD (XAUUSD)
• Minimum deposit: 250 USD
• Timeframe: M1
• Trading time: all day

Settings of Golden Dad EA:

• FixedLotsSize: if you would like to trade with fixed lot, enter the number here.
• LotsPerAmount, AmountPerLot: If FixedLotsSize is set to zero, the EA will calculate trading lot automatically, by default 0.01 for every $500 of account equity. Change AmountPerLot if you prefer to reduce/increase profits and risk: 250 = High risk; 500 = Medium risk; 1000 = Low risk.
• MinLots: minimum lot to trade.
• MaxLots: maximum lot to trade.
• MaxSpread: 30 points (3 pips) by default.The EA will not open trades when spread is too wide.
• MyMagicNumber: magic number of the EA. You don’t need to change it if you trade only Gold.
• StartHour, StartMinute: You can change the time when the EA should start trading. To skip the time when spreads are very large, it is recommended to start trading 1 hour after the rollover and end 30 minutes before the next rollover.
• EndHour, EndMinute: You can change the time when the robot should stop trading.

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.

Important information!

For the first 2 weeks, trade on a demo account or a cent account (to choose the best trading conditions for yourself)

Install a trading advisor on a VPS

Real Account Profit Recorded every Friday (end of the trading week)

What’s in the package?

Experts

• Golden Dad EA-test.ex4

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Disclaimer:

The EAs sold on our channel are not created by us.

We are only resellers of these EAs and the EA performance cannot be guaranteed or predicted.

Past performance is no guarantee of future results. We seek the EA on an ‘as is’ basis and only the version mentioned is being sold.

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EA updates are thus not automatic and not guaranteed.

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