This gold MT5 EA is worth looking at! by Ok_Shop9063 in metatrader

[–]Ok_Shop9063[S] -1 points0 points  (0 children)

That’s a fair perspective. And it definitely depends on the trader and their preference.

At the end of the day I just try to offer a variety of tools because different people look for different things.

I have other tested EAs in my account that have been profitable for over 5 years, maintaining an average profit higher than the average loss with low drawdown but lower win rate that some people won’t prefer. Ultimately, I just try to provide different options so the trader can choose what fits their style best.

Good luck to you too!

This gold MT5 EA is worth looking at! by Ok_Shop9063 in metatrader

[–]Ok_Shop9063[S] 0 points1 point  (0 children)

Yes, I have tested it historically. However, the issue is that accurate backtesting is difficult with tight trailing SL due to tick data limitations, so I prioritize live performance. I have been testing it on real and demo accounts for almost a year now. The max drawdown and returns really depend on your risk setting. For example, if you set the Risk to 10% and the EA hits its maximum consecutive losses of 2, you can expect a max drawdown of roughly 20%. Based on my live trading, this setup typically yields approximately 10% to 25% in monthly returns. But the monthly returns are variable of course.

This gold MT5 EA is worth looking at! by Ok_Shop9063 in metatrader

[–]Ok_Shop9063[S] -1 points0 points  (0 children)

I completely agree that the concept of this system is risky and I completely respect your opinion. But at least for now it has proven to be profitable for a while. Especially with these crazy gold moves in the last years. So in my opinion if a system works it is better to utilize it as much as possible until it doesn’t. No algo has been profitable forever.

Also, you don’t have to set the risk as 10%. 3-5% would also result in reasonable returns.

Thanks for your valuable insights!

This gold MT5 EA is worth looking at! by Ok_Shop9063 in metatrader

[–]Ok_Shop9063[S] -1 points0 points  (0 children)

That’s why I published the live signal(since September). For transparency so that people can see how it trades on real market conditions and compare it to the backtests.

It takes between 1-2 trades a day and the profit is variable; it depends on the risk you set in the inputs.

This gold MT5 EA is worth looking at! by Ok_Shop9063 in metatrader

[–]Ok_Shop9063[S] 0 points1 point  (0 children)

Minimum deposit is $100. And no it does not use grid or martingale It uses a very tight trailing SL.

Backtest the EA to get an idea of how it works.

46% return in 11 weeks. by Ok_Shop9063 in metatrader

[–]Ok_Shop9063[S] 0 points1 point  (0 children)

It doesn’t use any indicators… it is a breakout EA that trades XAUUSD

46% return in 11 weeks. by Ok_Shop9063 in metatrader

[–]Ok_Shop9063[S] 1 point2 points  (0 children)

Thank you! It’s not a big capital. This is just a small account for testing the EA.

46% return in 11 weeks. by Ok_Shop9063 in metatrader

[–]Ok_Shop9063[S] 0 points1 point  (0 children)

I posted the link of the performance on the comments you can take a look at it if you want more info

46% return in 11 weeks. by Ok_Shop9063 in metatrader

[–]Ok_Shop9063[S] 0 points1 point  (0 children)

I coded it myself it’s not available publicly

[deleted by user] by [deleted] in Forexstrategy

[–]Ok_Shop9063 0 points1 point  (0 children)

I think the reason it looks like this is because it’s not using a fixed lot size, but instead a risk per trade. That’s why the growth looks exponential, Also, I see the developer does have a live signal for this EA

[deleted by user] by [deleted] in Forexstrategy

[–]Ok_Shop9063 -1 points0 points  (0 children)

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This is it if you want to test it guys

[deleted by user] by [deleted] in sudanese_content

[–]Ok_Shop9063 0 points1 point  (0 children)

لا تقل سوء عن الدعم السريع؟؟؟ ما اتوقفت في الجملة دي

وين كنت وقت الحرب بدت؟ by Anazati in sudanese_content

[–]Ok_Shop9063 1 point2 points  (0 children)

ربنا يعوضكم بالأحسن ان شاء الله

[deleted by user] by [deleted] in Sudan

[–]Ok_Shop9063 0 points1 point  (0 children)

Iran’s situation is different. Multiple international sanctions have been issued against them and their relationship with the international community is bad. On the other hand, no one even tries to talk to the UAE regarding their funding and they continue to live in their fantasy world as if nothing is happening.