Description
Golden Horizon EA_MQL4: combination of MACD, MA, and Ichimoku to filter trading signals.
💡 What is Golden Horizon EA (MQL4)? Golden Horizon EA (MQL4) is a customizable Expert Advisor (EA) designed for the MetaTrader 4 (MT4) platform. This EA allows developers and traders to modify the code and trading strategies freely using FxDreema and MQL4, enabling users to tailor strategies to align with market conditions effectively.
Thank you for reading this post, don't forget to subscribe!🔍 EA Structure Trading System: Golden Horizon EA utilizes a combination of MACD, Moving Average (MA), and Ichimoku Kinko Hyo indicators to filter trading signals. It employs If Pending Order and For Each Pending Order conditions to avoid duplicate orders. Incorporates Custom MQL Code to enhance calculation and order management efficiency.
Buy/Sell Order Strategy: The EA opens Buy Pending Orders and Sell Pending Orders using Formulas to calculate and adjust variables according to market status. The Modify Variables block is used to automatically update variable values.
Risk Management System: Utilizes Trailing Stop and Trailing Pending Orders to minimize risk. Implements Check profit (unrealized) and Close positions functions to automatically close orders when the set target is reached.
🌟 Key Features of Golden Horizon EA (MQL4)
- Customizable Code: Allows modification and addition of functions through MQL4.
- Versatile Strategies: Supports both trend-following and counter-trend trading strategies.
- Trading Safety: Uses MACD, MA, and Ichimoku for precise trading signals.
- Specialized for Gold Trading: Specifically designed for XAUUSD, enhancing efficiency in gold market trading.
💼 Technical Information
- Recommended Starting Capital: 500 USD (Cent) or 5,000 USD (Standard)
- Lot Sizing: Autolot based on account balance
- Order Closing System: Take Profit, Stop Loss, Trailing Stop
- Trading Symbol: XAUUSD (Gold)
- Timeframe: 1 Hour
⚠️ Warnings and Precautions
- Perform a Backtest with 99.9% Tick Data before live trading.
- Start with a Demo Account to understand the EA’s behavior.
- Trading with EAs involves risks. Proper risk management and capital allocation are crucial.
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Golden Horizon EA, MQL4, Forex Trading, MetaTrader 4, Expert Advisor, Automated Trading, MACD, Ichimoku Kinko Hyo, Moving Average, Risk Management, Trading Strategy
