About the FXCore Gold EA V9 Expert Advisor
The FXCore Gold EA V9 is a fully automated trading robot designed for the MetaTrader 4 (MT4) platform, specializing in trading XAUUSD (Gold).
It utilizes a proprietary trading strategy to analyze market conditions and execute trades without manual intervention, aiming to capitalize on profitable opportunities in the gold market.
Free Download
Download the “FXCOREGOLD_V9.ex4” expert advisor
Key Features
Automated Gold Trading
This EA is tailored for trading XAUUSD, executing trades based on predefined parameters without the need for manual input.
Proprietary Trading Strategy
Employs a unique trading strategy that analyzes multiple timeframes and market conditions to identify optimal entry and exit points.
High Profitability
Backtests indicate a profit of +161.68%, showcasing the EA’s potential for generating substantial returns.
Risk Management Features
Includes built-in risk management tools such as adjustable stop-loss and take-profit levels, trailing stops, and equity stops to protect trading capital.
Customizable Settings
Users can adjust various settings such as maximum trades, lot sizes, and trading hours, providing flexibility to tailor the EA to individual trading preferences.
MyFXBook Trading Results
Find below the FXCore Gold EA V9 trading performance chart (click on the picture for a full-size view).
Key Points
- Absolute gain: +161.68%
- Monthly performance: +96.90%
- Drawdown: 17.87%
The FXCore Gold EA V9 has demonstrated impressive performance on MyFXBook, with a total gain of +161.68% during the initial test phase.
The monthly performance stands at +96.90%, with a drawdown of 17.87%, indicating a balanced approach between risk and reward.
Trading Chart
The picture below shows the FXCore Gold EA V9 trading robot attached to the Gold chart.
How the EA Works
- Operates on the XAUUSD currency pair.
- Utilizes the H1 timeframe for trade execution.
- Employs a proprietary trading strategy to identify optimal entry and exit points.
- Includes risk management features such as adjustable stop-loss and take-profit levels, trailing stops, and equity stops.
- Offers customizable settings to tailor the EA to individual trading preferences.
Download Now
Download the “FXCOREGOLD_V9.ex4” EA
Parameters & Settings
- Maximum Spread: Adjustable to suit market conditions.
- Maximum Slippage: Configurable to manage execution delays.
- Trading Hours: Set specific hours for trading activity.
- Lot Sizes: Customize to align with account balance and risk tolerance.
- Risk Levels: Define the percentage of the account balance at risk per trade.
- Magic Number: Assign a unique identifier to trades opened by the EA.
- Trailing Stop: Enable or disable trailing stop functionality.
- Break Even: Set a stop loss at the opening price for all open trades when they reach a specified profit level.
- Take Equity Stop: Closes all trades when the account equity reaches a specified level.
Recommended Trading Setup
- Currency Pair: XAUUSD (Gold)
- Timeframe: H1
- Minimum Account Balance: $50
- Broker: Choose a broker with low spreads and fast execution times.
- Platform: MetaTrader 4
FAQ
1. Can FXCore Gold EA V9 be used on other currency pairs?
Yes, while it is optimized for XAUUSD (Gold), the EA can also trade major currency pairs like EUR/USD and GBP/USD with good results.
2. How often does the EA trade?
The frequency of trades depends on market conditions. FXCore Gold EA V9 focuses on high-probability opportunities rather than constant trading, ensuring quality over quantity.
3. Do I need to monitor the EA all day?
No, the EA is fully automated. You can set trading hours and risk parameters, and it will manage trades on autopilot, requiring minimal supervision.
4. What is the recommended broker type?
Choose a broker with low spreads, fast execution, and minimal slippage for optimal performance of the FXCore Gold EA V9.
5. Is FXCore Gold EA V9 suitable for beginner traders?
Yes, the EA is user-friendly and comes with customizable settings, making it suitable for beginners who want automated trading without deep technical knowledge.
Summary
The FXCore Gold EA V9 is a sophisticated automated trading robot specifically designed for XAUUSD on MetaTrader 4.
It combines advanced market analysis with a proprietary trading strategy to identify high-probability trades.
With automated execution, customizable risk settings, and efficient trade management, this EA helps traders maximize potential profits while minimizing manual effort.
FXCore Gold EA V9 ensures a consistent and disciplined approach to trading gold and can be adapted to other currency pairs for greater flexibility.
