Gold Excel

[TopicStarter]

Introduction​

Gold Excel is an automated trading system designed specifically for the XAUUSD pair (GOLD). Developed by Gregory Hay, this EA is tailored for normal accounts, funded prop accounts, and prop challenges. It uses price action and time-based trading to capitalize on the high daily range and volatility of gold. The system places orders twice daily, focusing on the market opens as a catalyst for early moves. It employs a hard stop loss of $5 per trade and offers a recovery function to increase lot sizes after a loss. The system avoids high-frequency trading and is compatible with any decent broker offering low spreads.

Comparison with EASY Trendopedia​

When comparing Gold Excel to our EASY Trendopedia bot, several differences become apparent. EASY Trendopedia is based on the EASY Trading AI strategy, which utilizes advanced algorithms to identify and capitalize on market trends. This bot is designed for a broader range of currency pairs, not just gold, making it more versatile.

Advantages of EASY Trendopedia:

• Advanced AI algorithms for trend detection
• Versatility across multiple currency pairs
• Higher profitability due to sophisticated strategies
• Extensive backtesting and forward testing results

Advantages of Gold Excel:

• Simplicity and ease of use
• Focus on a single, highly volatile asset (gold)
• Effective use of market open times for trade placement

While Gold Excel is a robust system for gold trading, EASY Trendopedia offers a more comprehensive and profitable approach for traders looking to diversify their portfolios.

Pros and Cons​

Gold Excel Pros:

• Simple and straightforward trading logic
• Effective use of market open times
• Low-frequency trading reduces broker costs
• Positive user feedback and high rating

Gold Excel Cons:

• Limited to XAUUSD pair
• Recovery function can increase risk
• Less sophisticated compared to AI-based systems

EASY Trendopedia Pros:

• Advanced AI algorithms
• Versatile across multiple currency pairs
• Higher profitability potential
• Extensive testing and validation

EASY Trendopedia Cons:

• More complex setup
• Requires a higher initial investment

Optimal Usage Conditions​

Gold Excel works best in conditions where the gold market exhibits high volatility and significant price movements, particularly around market open times. This makes it ideal for traders who can monitor the market during these specific times. However, traders should be cautious with the recovery function, as it can increase risk, especially in volatile markets.

Source Code of Gold Excel​

We do not have access to the original source code of the Gold Excel robot sold on MQL5. However, based on the description available on the MQL5 website, we have created a sample code for educational purposes. This code is not the original and should be used with caution. If you have any questions about the code, feel free to ask on our forum.

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Download Gold Excel for Free​

If you are interested in exploring the Gold Excel trading robot, you can download a sample version from our website. Please note that this is a code example created by the EASY Trading Team based on the description of the Gold Excel robot available on MQL5. We do not sell the Gold Excel robot; our goal is to provide educational resources for traders. Share your thoughts and experiences with Gold Excel on our forum and help others make informed decisions.

 

[TradeTornado]

Today marks the start of yet another circus as the U.S. springs forward, and brokers attempt to keep pace—if only they could sync their clocks with a little more finesse and a lot less confusion. It's amusing how the ‘top players’ like IC and Pepperstone have synchronized their moves to GMT+3 while leaving others clueless. Seriously, why can’t all brokers just play nicely in the same timezone sandbox? The sharp turn from GMT+2 to GMT+3 might sound simple, but let’s not forget about our dear friends who cling to GMT+0 like it’s a life raft. As they refuse to budge, traders are left to recalibrate their EAs once again. It's pathetic how a simple clock change can trigger a domino effect, turning perfectly reasonable trading times into a chaotic mess. But hey, if you can dodge the bullet of broker incompetence and get your trading plan aligned, congratulations! You’re among the lucky few. For everyone else, let’s just hope their EAs can keep up with the time shift turmoil. Isn’t trading just the grandest of adventures?