The Advanced Gold Trading EA FREE Download is an expert advisor designed specifically for trading XAU/USD (Gold) on the M1 (1-minute) timeframe. Built using Expert Advisor Studio, it operates as a scalping system, executing rapid trades based on short-term market movements. Here is brief overview of the strategy:
- Lot Size: The default entry amount is 1.00 lots.
- Stop Loss: 2800 pips.
- Take Profit: The default setting is 0 pips, relating to a trailing stop strategy.
- Indicators Used:
- Candle Color Filter:
- Minimum body height: 45 pips (Filters out weak candles, ensuring strong price movements are considered.)
- Consecutive candles: 3 (Confirms trend strength by requiring multiple consistent candles.)
- Acceleration Oscillator (AO):
- Level: -10.0000 (Identifies momentum shifts and potential trend reversals.)
- Custom conditions: The EA also incorporates price movements, trailing stops, and session-based trade filtering.
- Candle Color Filter:
Have a look at our Free Expert Advisors Startup Guide before installing the robot.
Disclaimer: The Advanced Gold Trading EA FREE Download is for educational purposes. It is highly recommended to test the EA on a demo account first before deploying it on a live trading account. Traders should regularly monitor the performance to ensure it aligns with expectations. 
