GOLD Edge & GOLD Edge PRO FAQ – Buying and selling Methods – 4 Could 2024

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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 deal with 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 scale back danger?


Q1: What’s the distinction between GOLD Edge and GOLD Edge PRO?

A:

Listed below are the options of GOLD Edge PRO

  1. Information Filter:
    The PRO model features a information filter. Throughout essential information bulletins, it is suggested to pause buying and selling as a result of surprising value actions can happen. With the information filter, you’ll be able to handle this successfully.
  2. Each day Revenue Cease:
    You’ll be able to set a each day revenue goal. As soon as the goal is reached, buying and selling for that day stops. This characteristic is helpful while you need to obtain the minimal vital revenue whereas decreasing 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).
  3. Unfold Filter:
    If the unfold exceeds a set worth, buying and selling could be stopped. This helps forestall losses when the unfold is giant.
  4. Non-Buying and selling Days:
    You’ll be able to designate particular days as non-trading days. This lets you keep away from buying and selling on days with larger danger, resembling month-end or month-beginning days. Moreover, if there are open trades remaining on the desired non-trading days, you’ll be able to select to shut all of them.
  5. Auto Set Distance:
    In GOLD Edge, the “Distance” parameter units the grid interval. Completely 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.
  6. Time to Commerce (Extra Possibility):
    In GOLD Edge, you’ll be able to set buying and selling hours. Within the PRO model, if the desired buying and selling hours are exceeded, all open trades at the moment could be closed.
  7. Day of the Week to Commerce (Extra Possibility):
    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.
  8. Use Candle Filter (Filter ON/OFF):
    The candlestick filter could be disabled. In GOLD Edge, throughout grid buying and selling, the choice to commerce relies not solely on the “Distance” interval but in addition on the candlestick filter for restoration course. Within the PRO model, you’ll be able to disable this filter (it’s enabled by default). When disabled, grid buying and selling happens unconditionally when the set distance is reached.
  9. Use Panel(Panel ON/OFF):
    You’ll be able to toggle the show/disguise settings for the panel. Moreover, there are handbook buttons on the panel that can help you change settings. Use these buttons to point out or disguise 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 larger 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 example, throughout an uptrend, if the “RSI” surpasses the “Max” threshold, it received’t set off a commerce regardless that the pattern is upward.
In the event you set the “RSI Filter” to False or widen the vary between “Min” and “Max,” the variety of trades will enhance, however bear in mind that the danger will even rise.
Understand that surprising sharp pattern 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 (Professional Advisor) is functioning appropriately:

Not Buying and selling Situation:

If the RSI (Relative Power 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 will even keep away from buying and selling.

Nevertheless, if the EA will not be buying and selling in any respect, please verify whether or not its standing is ready to “Run.” If the standing will not be “Run,” there could also be configuration points.

One-Sided Buying and selling Situation:

If the each day (D1) pattern is a downtrend or if the RSI is above 60, the EA is not going to provoke purchase trades.

Conversely, if the D1 pattern 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 value show for XAUUSD relies 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 growing the values from 250 to 2500 (i.e., including one digit):

  • Take Revenue (level): default = 250 → 2500
  • Take Revenue (DD Scale 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 Scale back / level): default = 60 → 600
  • TrailStop pips (DD Scale back / level): default = 30 → 300
  • Distance (level): default = 300 → 3000″

Q5: How can I deal with the next error messages?
     “Error: TrailStop Parameter is just too small.”, “Error: DD TrailStop Parameter is just too small.”

A:

In the event you encounter these errors, it implies that the “TrailStop” parameter is ready too low. To resolve this, observe these steps:

  1. Examine together with your dealer to find out the suitable worth for the “StopLevel.” This worth ought to be bigger than the minimal worth displayed as “MIN.”
  2. Modify the “TrailStop” parameter to a barely bigger worth than the minimal (MIN) setting.

   Be certain that to set the next parameters accordingly:

  • TrailStop pips (level)
  • TrailStop pips (DD Scale 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 as a result of 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 aren’t any buying and selling restrictions.

Q8: What strategies can be utilized to scale back danger?

A:

Beneath, I’ve offered a number of suggestions for decreasing danger. Notice that gadgets 4, 5, 6, 7, and eight can be found solely within the PRO model. Understand that decreasing danger may additionally result in decreased income because of fewer trades. With that understanding, let’s discover the next methods:

  1. RSI Settings: Use RSI Filter

    • Set the RSI (Relative Power Index) on the each day (D1) chart to MAX 50 and MIN 50.
    • Modify the RSI values on the hourly (H1) and present timeframes by growing the minimal (Min) and reducing the utmost (Max) to scale back danger.
  2. Commerce Throughout Particular Occasions: Time to Commerce

    • Sure occasions, resembling New York buying and selling hours, carry larger danger.
    • Configure your buying and selling schedule to keep away from these riskier occasions.
  3. Day of the Week to Commerce

    • Weekend buying and selling could be riskier. Think about disabling buying and selling on particular days, resembling the primary Friday of the month.
  4. Information Filter: Information Settings (PRO solely)

    • Main financial indicators may cause important value fluctuations, growing danger.
    • Modify the time round information releases to mitigate danger.
  5. Non-Commerce Days: Non-Trade_Day Settings (PRO solely)

    • Threat tends to be larger on the finish or starting of the month.
    • Specify non-trading days (dates prematurely) to scale back danger.
  6. 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 end in short-term losses, it could possibly assist keep away from subsequent dangers because of market fluctuations.
  7. Unfold Filter (PRO solely)

    • Keep away from buying and selling in periods of excessive unfold (the distinction between bid and ask costs).
    • Excessive spreads usually coincide with irregular value actions.
  8. Each day Revenue Cease (PRO Solely)

    • Use the “each day Revenue Cease” characteristic to restrict buying and selling as soon as a sure revenue degree is reached.
    • This upcoming characteristic (anticipated in model 4.0) permits you to prohibit dangerous trades.
  9. Minimal Free Margin Setting

    • Set the minimal free margin to round 50%.
    • This could forestall extreme drawdown even when losses happen.
  10. Lot Multiplier for Giant Deposits

    • As a substitute 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.

Keep in mind to adapt these methods to your particular buying and selling type and danger tolerance.


If in case you have any questions, please contact me.
Please ask the query in a message, not a remark & evaluation



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