GOLD Edge & GOLD Edge PRO FAQ
Q2: Previously, the EA was functioning correctly, however over the previous few days, it has not executed any trades. Why?
Q3: Not Buying and selling or Solely Taking One-Sided Trades: Why?
This fall: How ought to I alter the settings if the decimal locations are 3 digits?
Q5: How can I tackle the next error messages?
“Error: TrailStop Parameter is just too small.”, “Error: DD TrailStop Parameter is just too small.”
Q6: After I change the (GRID) lot multiplier to ‘1.3,’ why does it appear to have no impact? The lot measurement for all of the GRID stays at 0.01. Why?Q7: Can “GOLD” Edge be used with an actual account?
Q7: Can “GOLD” Edge be used with an actual account?
Q8: What strategies can be utilized to cut back danger?
Q9: Is there a setfile? / I wish to know the parameters.
Q1: What’s the distinction between GOLD Edge and GOLD Edge PRO?
A:
Listed below are the options of GOLD Edge PRO
- Information Filter:
The PRO model features a information filter. Throughout vital information bulletins, it’s endorsed to pause buying and selling as a result of surprising worth actions can happen. With the information filter, you may handle this successfully. - Day by day Revenue Cease:
You possibly can set a every day revenue goal. As soon as the goal is reached, buying and selling for that day stops. This characteristic is helpful if you wish to obtain the minimal essential revenue whereas lowering danger. For instance, for those who enter “10,” buying and selling will cease when a revenue of $10 is reached (the unit is in your account foreign money). - Unfold Filter:
If the unfold exceeds a set worth, buying and selling could be stopped. This helps forestall losses when the unfold is massive. - Non-Buying and selling Days:
You possibly can designate particular days as non-trading days. This lets you keep away from buying and selling on days with larger danger, similar to month-end or month-beginning days. Moreover, if there are open trades remaining on the required non-trading days, you may select to shut all of them. - Auto Set Distance:
In GOLD Edge, the “Distance” parameter units the grid interval. Totally different foreign money pairs might require totally different “Distance” values. GOLD Edge PRO mechanically calculates the grid interval, making it appropriate for varied foreign money pairs. - Time to Commerce (Further Choice):
In GOLD Edge, you may set buying and selling hours. Within the PRO model, if the required buying and selling hours are exceeded, all open trades at the moment could be closed. - Day of the Week to Commerce (Further Choice):
GOLD Edge permits you to specify sure weekdays for buying and selling. Within the PRO model, if it’s a delegated non-trading day, all open trades at the moment could be closed. - Use Candle Filter (Filter ON/OFF):
The candlestick filter could be disabled. In GOLD Edge, throughout grid buying and selling, the choice to commerce is predicated not solely on the “Distance” interval but in addition on the candlestick filter for restoration route. Within the PRO model, you may disable this filter (it’s enabled by default). When disabled, grid buying and selling happens unconditionally when the set distance is reached. - Use Panel(Panel ON/OFF):
You possibly can toggle the show/cover settings for the panel. Moreover, there are guide buttons on the panel that permit you to change settings. Use these buttons to point out or cover the panel as wanted.
Q2: Previously, the EA was functioning correctly, however over the previous few days, it has not executed any trades. Why?
A:
“RSI Filter” for D1 and H1 timeframes is ready to “true” by default.
If the RSI exceeds this vary and is bigger than the “max” worth, no Purchase trades are executed.
Conversely, if the RSI falls beneath the “min” worth, no Promote trades are executed.
As an illustration, throughout an uptrend, if the “RSI” surpasses the “Max” threshold, it gained’t set off a commerce despite the fact that the development is upward.
Should you set the “RSI Filter” to False or widen the vary between “Min” and “Max,” the variety of trades will enhance, however remember that the danger may also rise.
Remember the fact that surprising sharp development reversals can happen if the RSI goes past its bounds.
Q3: Not Buying and selling or Solely Taking One-Sided Trades: Why?
A:
The next conditions might persist for a number of days, however the EA (Skilled Advisor) is functioning accurately:
Not Buying and selling Situation:
If the RSI (Relative Energy Index) is above 60 (indicating an uptrend), the EA will chorus from executing trades.
Equally, if the RSI is beneath 40 (indicating a downtrend), the EA may also keep away from buying and selling.
Nevertheless, if the EA is just not buying and selling in any respect, please verify whether or not its standing is ready to “Run.” If the standing is just not “Run,” there could also be configuration points.
One-Sided Buying and selling Situation:
If the every day (D1) development is a downtrend or if the RSI is above 60, the EA won’t provoke purchase trades.
Conversely, if the D1 development is an uptrend or if the RSI is beneath 40, the EA will skip promote trades.
This fall: How ought to I alter the settings if the decimal locations are 3 digits?
A
For this EA, the default worth show for XAUUSD is predicated on 2 decimal locations (e.g., “2804.31”). Nevertheless, if the worth show has 3 decimal locations (e.g., “2804.317”), you’ll want to regulate the next settings by rising the values from 250 to 2500 (i.e., including one digit):
- Take Revenue (level): default = 250 → 2500
- Take Revenue (DD Cut back / level): default = 250 → 2500
- Slippage (level): default = 20 → 200
- Max Unfold (Level): default = 50 → 500
- TrailStart pips (level): default = 100 → 1000
- TrailStop pips (level): default = 30 → 300
- TrailStart pips (DD Cut back / level): default = 60 → 600
- TrailStop pips (DD Cut back / level): default = 30 → 300
- Distance (level): default = 300 → 3000″
Q5: How can I tackle the next error messages?
“Error: TrailStop Parameter is just too small.”, “Error: DD TrailStop Parameter is just too small.”
A:
Should you encounter these errors, it implies that the “TrailStop” parameter is ready too low. To resolve this, comply with these steps:
- Examine together with your dealer to find out the suitable worth for the “StopLevel.” This worth needs to be bigger than the minimal worth displayed as “MIN.”
- Alter the “TrailStop” parameter to a barely bigger worth than the minimal (MIN) setting.
Be sure to set the next parameters accordingly:
- TrailStop pips (level)
- TrailStop pips (DD Cut back / level)
Q6: After I change the (GRID) lot multiplier to ‘1.3,’ why does it appear to have no impact? The lot measurement for all of the GRID stays at 0.01. Why?
A:
If the preliminary lot measurement is 0.01, it stays unchanged after making use of the multiplier of 1.3. The results of 0.01 × 1.3 is 0.013,
which will get rounded right down to 0.01 because of the minimal lot measurement constraint.
Q7: Can “GOLD” Edge be used with an actual account?
A:
Sure, GOLD Edge can be utilized with an actual account. There are not any buying and selling restrictions.
Q8: What strategies can be utilized to cut back danger?
A:
Under, I’ve offered a number of suggestions for lowering danger. Be aware that gadgets 4, 5, 6, 7, and eight can be found solely within the PRO model. Remember the fact that lowering danger can also result in decreased income on account of fewer trades. With that understanding, let’s discover the next methods:
-
RSI Settings: Use RSI Filter
- Set the RSI (Relative Energy Index) on the every day (D1) chart to MAX 50 and MIN 50.
- Alter the RSI values on the hourly (H1) and present timeframes by rising the minimal (Min) and lowering the utmost (Max) to cut back danger.
-
Commerce Throughout Particular Occasions: Time to Commerce
- Sure occasions, similar to New York buying and selling hours, carry larger danger.
- Configure your buying and selling schedule to keep away from these riskier occasions.
-
Day of the Week to Commerce
- Weekend buying and selling could be riskier. Take into account disabling buying and selling on particular days, similar to the primary Friday of the month.
-
Information Filter: Information Settings (PRO solely)
- Main financial indicators could cause vital worth fluctuations, rising danger.
- Alter the time round information releases to mitigate danger.
-
Non-Commerce Days: Non-Trade_Day Settings (PRO solely)
- Danger tends to be larger on the finish or starting of the month.
- Specify non-trading days (dates you realize prematurely) to cut back danger.
-
Shut Open Positions Based mostly on Time and Day Settings (PRO solely)
- When making use of filters associated to information, weekdays, particular dates, or occasions, contemplate closing open positions quickly.
- Though this may occasionally lead to short-term losses, it could assist keep away from subsequent dangers on account of market fluctuations.
-
Unfold Filter (PRO solely)
- Keep away from buying and selling during times of excessive unfold (the distinction between bid and ask costs).
- Excessive spreads typically coincide with irregular worth actions.
-
Day by day Revenue Cease (PRO Solely)
- Use the “every day Revenue Cease” characteristic to restrict buying and selling as soon as a sure revenue stage is reached.
- This upcoming characteristic (anticipated in model 4.0) permits you to limit dangerous trades.
-
Minimal Free Margin Setting
- Set the minimal free margin to round 50%.
- This will forestall extreme drawdown even when losses happen.
-
Lot Multiplier for Massive Deposits
- As an alternative of accelerating the preliminary lot measurement for bigger deposits, think about using a better “Lot Multiplier.”
- This strategy accelerates restoration from drawdowns and reduces danger.
Bear in mind to adapt these methods to your particular buying and selling model and danger tolerance.
Q9: Is there a setfile? / I wish to know the parameters.
A:
You possibly can obtain the setfile from the information offered within the hyperlink beneath. Moreover, the information accommodates explanations for the parameters. Please word that solely the setfiles talked about within the information can be found. We don’t customise particular person settings for purchasers.
GOLD Edge PRO GUIDE: https://www.mql5.com/en/blogs/submit/752711
GOLD Edge GUIDE: https://www.mql5.com/en/blogs/submit/750375
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