Introduction
So, you've stumbled upon the Golden Lab EA, have you? Developed by Vladimir Stepanov, this trading robot has garnered a lot of attention, boasting a perfect rating of 5. Users like 'georgedowse3' and 'Krystof Tyl' can't stop singing its praises. But let's not get carried away. The Golden Lab uses the Traders Dynamic Index (TDI) indicator, which combines RSI and Simple Moving Average to generate buy and sell signals. Sounds fancy, but does it really live up to the hype? Let's dive in.Installation and Setup
Setting up the Golden Lab EA is straightforward, but don't let that fool you into thinking it's a walk in the park. Follow these steps for installation:- Download the EA from here.
- Open your MetaTrader 5 platform.
- Navigate to File > Open Data Folder.
- Place the downloaded EA file into the MQL5/Experts directory.
- Restart MetaTrader 5.
- Attach the EA to an M15 chart for default settings or H1 for more accurate signals.
- Configure the input parameters according to your trading preferences.
Parameters you might want to tweak include:
- ControlOrdersOpenByUser: True/False
- MaxBuys: Maximum number of buy orders.
- MaxSells: Maximum number of sell orders.
- Lot: Starting lot size.
- UseDynamicLot: Enable or disable dynamic lot sizing.
- KMartin: Coefficient for increasing the lot size.
- Overlap: Enable drawdown reduction algorithm.
Experience Using Golden Lab
Let's get one thing straight: Golden Lab is not for the faint-hearted. Its grid and martingale strategies can amplify profits, but they can also magnify risks. User 'georgedowse3' finds it easy to understand and effective, especially on the M15 and H1 charts. 'Krystof Tyl' has had success using it across multiple currencies and metals, particularly when combined with other indicators like Trend Chief. But remember, this isn't a magic bullet. Always test on a demo account first.Tips for Improvement
Here are some tips to get the most out of Golden Lab:- Start Small: Begin with a small lot size to understand how the EA behaves.
- Use Dynamic Lot Sizing: Enable this feature to adjust lot sizes based on your free margin.
- Monitor Regularly: Keep an eye on your trades and be ready to intervene if necessary.
- Combine with Other Indicators: Like 'Krystof Tyl', use additional indicators for better accuracy.
- Broker Selection: Ensure your broker allows hedging, as this is crucial for the EA's strategy.
Source Code of Golden Lab
We don't have access to the original source code of the Golden Lab EA sold on MQL5. However, based on its description, we've created a sample code that mimics its functionality. If you have any questions about the code, feel free to ask. Remember, this is just an example from easytradingforum.com, and we do not sell the Golden Lab robot.
Code:
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