Description
Golden Stoch is a streamlined Expert Advisor designed for MT4 and MT5, engineered to initiate trades when the price is significantly oversold on the 1-minute timeframe. This EA operates without stop losses, making daily monitoring essential. After entering an initial position, if the price moves unfavorably, Golden Stoch will strategically add another position once the price shifts by at least 200 points, as configured in the input settings. The EA continues to add positions until the cumulative profit target is achieved, closing all trades together.
All parameters are fully customizable to suit your trading preferences. The default settings are optimized for trading XAUUSD on the 1-minute timeframe. By default, the EA trades only on the long side, but once attached to a chart, intuitive on-screen buttons allow you to enable both long and short trading with ease.
This EA can also trade other instrument such as the EURUSD and BTCUSD. However if trading these instruments it’s important to update the input settings accordingly.
For BTCUSD you need to change the following inputs.
Min distance from last order (points): from 300 to 30000 or 300000 (with some brokers)
Minimum profit target in points: from 200 to 20000 or 200000 (with some brokers)
Profit threshold for stricter exit condition: from 250 to 25000 or 250000 (with some brokers)
Basket take profit in points: from 200 to 20000 or 200000 (with some brokers)
3 MONTH BACKTEST RESULTS TRADING XAUUSD on the 1Minute TimeFrame
