About Golden Owl EA V9
The GoldenOwl EA V9 Forex robot for Metatrader 4 is a universal automated robot that’s mainly based on moving averages and HILO.
This expert advisor is equipped with a news filter, grid (enable/disable), and other inputs for further optimization.
Overall, the GoldenOwl EA showed promising results during our testing period (see track record below).
The expert advisor can be used with any Forex broker and should work for any time frame (preferred H1).
Free Download
Download the “GoldOwl EA.ex4” expert advisor
Key Features
Automated Gold Trading
The EA automatically identifies and executes trades on the XAUUSD pair, capturing short-term market movements without manual intervention.
Low Drawdown Strategy
Designed with risk management in mind, the Golden Owl EA V9 aims to minimize drawdowns while maximizing profit potential.
Customizable Settings
Traders can adjust parameters such as lot size, risk percentage, stop loss, take profit, and trading hours to tailor the EA to their trading preferences.
News Filter
The built-in news filter prevents the EA from opening or closing trades during high-impact news events, reducing the risk of adverse market movements.
Grid Trading Option
The EA offers an optional grid trading feature, allowing traders to enable or disable this strategy based on their risk tolerance and trading style.
MyFXBook Trading Results
Find below the GoldenOwl EA V9 track record for the EUR/USD H1 chart (click on the picture for full-size view).
Key Points
- Absolute gain: +3.87%
- Profit: $3,871.07
- Daily profit: 0.25%
During testing on the EUR/USD H1 chart, the Golden Owl EA V9 achieved an absolute gain of +3.87%, equating to a profit of $3,871.07.
The daily profit averaged 0.25%, demonstrating consistent performance over the test period.
Trading Chart
The picture below shows the GoldenOwl EA expert advisor attached to the XAUUSD 1-hour chart.
How the EA Works
- Analyzes market trends using moving averages and HILO indicators.
- Automatically opens and closes trades based on predefined strategies.
- Manages risk through adjustable stop loss and take profit levels.
- Employs a news filter to avoid trading during high-impact news events.
- Offers a grid trading option for advanced trading strategies.
Download Now
Download the “GoldOwl EA.ex4” EA
Parameters & Settings
- Magic Number: Unique identifier for each trade.
- Lot Size: Set the volume of each trade.
- Risk Percentage: Percentage of account balance risked per trade.
- Stop Loss: Price level to limit losses.
- Take Profit: Price level to secure profits.
- Trading Hours: Configurable times when EA is allowed to trade.
- Trailing Stop: An Optional feature to lock in profits dynamically.
- News Filter: Enable or disable trading during high-impact news events.
- Grid Trading: Option to enable or disable the grid trading strategy.
Recommended Trading Setup
- Instrument: XAUUSD (Gold).
- Timeframe: 1-minute chart (M1).
- Account Balance: Minimum $500.
- Broker: Low spreads and fast execution.
- Demo Account: Test before trading live to ensure optimal results.
FAQ
Can I use Golden Owl EA V9 with any Forex broker?
Yes, Golden Owl EA V9 is compatible with any MetaTrader 4 broker that allows automated trading. For optimal performance, choose a broker with low spreads and fast execution speeds.
Is a VPS necessary for running Golden Owl EA V9?
While not required, using a Virtual Private Server (VPS) ensures that the EA operates 24/7 without interruptions, providing stable internet connectivity and minimizing the risk of downtime.
What is the minimum account balance required to use Golden Owl EA V9?
The minimum recommended account balance is $500. However, for enhanced performance and to accommodate potential drawdowns, an account balance of $1,000 or more is advisable.
Does Golden Owl EA V9 require any additional software or DLL files?
No, Golden Owl EA V9 operates without the need for any external DLL files. This ensures compatibility with a wide range of brokers and simplifies the installation process.
How does Golden Owl EA V9 handle market volatility and news events?
Golden Owl EA V9 includes built-in news and time filters to avoid trading during high-impact news events and volatile market conditions. This helps in reducing the risk of significant losses during unpredictable market movements.
Summary
Golden Owl EA V9 is a reliable automated trading robot for Gold (XAUUSD) and US30 on MetaTrader 4.
With a low drawdown strategy, customizable parameters, and news/time filters, it offers traders an efficient way to capture short-term market opportunities.
Testing on a demo account before live trading is highly recommended to understand the EA’s behavior and optimize performance.
