Professional Advisor for XAUUSD (Gold)
Developed by Eriksson Programs
β 1) BASIC SETUP (LIVE TRADING)
β 2) BACKTESTING SETTINGS (IMPORTANT)
Appropriate tester settings are important for sensible outcomes.
Really useful Take a look at Interval (Longer = Higher)
π The longer the check interval, the higher.
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Most brokers present good gold information from 2018 β Current
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For max high quality historical past, you should use Dukascopy M1 informationwhich is dependable again to 2006
Lengthy-term testing is strongly really useful since gold behaviour modifications over time and consists of many alternative market cycles.
Really useful Modeling Methodology
π 1 Minute OHLC (Open/Excessive/Low/Shut)
Do NOT use:
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Each Tick
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Actual Tick Knowledge
Purpose: tick information typically comprises incorrect spreads, gaps, and differs between brokers.
Gold Atlas is designed to course of logic on new M1 candle openingsso tick testing offers no benefit.
β If Your Backtest Appears Completely different Than EA Web page Outcomes
That is normally brought on by:
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incorrect dealer unfold/fee information in tester
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low-quality historic feed
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utilizing tick modeling as a substitute of M1 OHLC
Additionally really useful:
π Backtest utilizing threat primarily based on Beginning Stability / Mounted Stability
(not equity-based), to get a clearer view of the systemβs true efficiency.
β 3) MAGIC NUMBER & COMMENT
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All the time use a distinctive Magic Quantity
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If utilizing a number of EAs, every EA will need to have a distinct magic quantity
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Prop companies: use a customized commerce remark (non-obligatory however really useful)
β 4) RISK SETTINGS
Mounted lot measurement is not really useful.
Gold volatility modifications closely, and Gold Atlas adapts robotically:
Prop companies:
π Low threat really useful
Portfolio use (a number of EAs):
π Use handbook threat and equal weighting (instance: 1% for EA)
β 5) ENTRY MODELS (IMPORTANT)
Gold Atlas consists of a number of entry fashions.
Every mannequin has a distinct commerce frequency.
π Really useful (Greatest Diversification):
Hold ALL entry fashions enabled.
This permits Gold Atlas to seize:
Decrease Commerce Frequency Choice
If you need fewer trades and fewer publicity, you may disable:
Disabling Entry Mannequin 1 will cut back the variety of trades considerably.
π‘ 6) DAILY DRAWDOWN PROTECTION (PROP FIRMS)
π Really useful: Allow Day by day Drawdown Safety (Prop Corporations)
Set max day by day loss beneath your prop agency restrict.
Instance: if prop agency permits 5% day by day loss β set 4%.
This function will shut all trades (together with different EAs) to guard the account.
π 7) FRIDAY CLOSE OPTION
Allow provided that:
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your prop agency doesn’t enable weekend holding
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you need weekend hole safety
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you need diminished weekend publicity and swap prices
π° 8) MINIMUM BALANCE
π Minimal really useful stability: $500
Nonetheless, in periods of very excessive gold volatility:
π Really useful stability: $1000+
(for safer margin ranges and smoother efficiency)
β QUICK RECOMMENDED SETTINGS (BEST DEFAULT)
β HOUSEUSD
β M30 timeframe
β Low threat (prop companies)
β All entry fashions enabled
β Day by day DD safety = ON (prop companies)
β Backtest utilizing 1 Minute OHLC
β Take a look at interval so long as potential (2018+ or Dukascopy again to 2006)
β Distinctive magic quantity per EA
DISCLAIMER
Buying and selling includes threat. Gold Atlas can expertise dropping intervals. Previous outcomes don’t assure future efficiency. All the time check on demo and use correct threat settings.