Profitable EA New Updated Gold Mining EA

[mario007]

There is no update. Losses are due to low investment capital. I recommend a minimum of 2500, with an initial lot of 0.01

But in backtest i have seen sometimes even $2500 a/c is getting blown, very rarely but still blows. How to tackle this issue?

 

[kiss]

Let saving to have minimum required for making gold pair

 

[castrao]

Will test on demo for a week than I will think about it

 

[charmander28]

But in backtest i have seen sometimes even $2500 a/c is getting blown, very rarely but still blows. How to tackle this issue?

It depends on the strategy you have.
I personally only open accounts of 200-250 usd. and I'm doing weekly retreats.
If a crash occurs, I invest part of the profit.

It is a martingale, it will never survive the backtest.

 

[philipngcc]

Does this ea still work in current market condition where the spread of gold more than 10pips?

 

[rasnui]

You need atleast 1000$ so it will be a profitable ea because 100 is not enough it will just burn

I had a drawdown of $1000 today with a lot size of 0.01. Luckily my account is $3000. So better go for a higher account size or go for a cent account.

 

[OPTIMIZFX]

I had a drawdown of $1000 today with a lot size of 0.01. Luckily my account is $3000. So better go for a higher account size or go for a cent account.

What broker are you using and what leverage? Just out of interest

 

[rasnui]

What broker are you using and what leverage? Just out of interest

It was a Roboforex Demo Account with 1:500. But it blew some hours ago.

 

[mario007]

It was a Roboforex Demo Account with 1:500. But it blew some hours ago.

I already mentioned a/c will blew whatever settings you keep. One guy claiming that $1k turned to $3k, I can just say that he was lucky for that month. Otherwise a/c will blow once in every 2 months.

 

[arash68]

It also blew mine this morning on IC Market with $1,680. I have two other accounts with Pepperstone and they were okay trading on the same robot.

 

[Daniel]

There is a new version called Gold Mining Original V3 2020, someone has it and can share?

 

[OPTIMIZFX]

It also blew mine this morning on IC Market with $1,680. I have two other accounts with Pepperstone and they were okay trading on the same robot.

Sorry to hear I had both Pepperstone and IC accounts, most blew 16th march but 3 were not affected! I thought that was so weird that some survived and were not caught I lost a fair bit after 3 weeks of solid profits

I can say that a cent account is working well for this EA, been going good for 3 days now live, not as much profit but seems more stable. Using FXTM with 1:1000, started with 20,000 cents and so far made $73.42. Lost size was started at 0.05 to see how it would go and over the days I have upped it slowly to now 0.8 lots. Being a scalper, the spread affects this ea greatly, monitor the spread and don't trade if its over 30pips because TP will not work, I have watched it do this, it won't close in negative so has to make up for the spread and sometime will not close and will even go past tp by a fair way and be in the red.

You may find when the account gets blown that the spread is also an insane 30 to 40+ pips, the bot simply cannot operate correctly having to make up the spread on the 1min timeframe.

Hope this helps you legends, lets get rich together!


Trades from 30/3/2020 - 02/04/2020

 

[crisha_nsr]

Sorry to hear I had both Pepperstone and IC accounts, most blew 16th march but 3 were not affected! I thought that was so weird that some survived and were not caught I lost a fair bit after 3 weeks of solid profits

I can say that a cent account is working well for this EA, been going good for 3 days now live, not as much profit but seems more stable. Using FXTM with 1:1000, started with 20,000 cents and so far made $73.42. Lost size was started at 0.05 to see how it would go and over the days I have upped it slowly to now 0.8 lots. Being a scalper, the spread affects this ea greatly, monitor the spread and don't trade if its over 30pips because TP will not work, I have watched it do this, it won't close in negative so has to make up for the spread and sometime will not close and will even go past tp by a fair way and be in the red.

You may find when the account gets blown that the spread is also an insane 30 to 40+ pips, the bot simply cannot operate correctly having to make up the spread on the 1min timeframe.

Hope this helps you legends, lets get rich together!


Trades from 30/3/2020 - 02/04/2020
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Thanks for the sharing. what setting and timeframe u use for this ea? could you share the setting?

 

[Sondetoks]

1. What is the profit percentage per month to be expected?
2. How safe is it? does it require any manual attention? any precautions to be taken?
3. On what pairs it can be used?
4. What changes can be done gradually? or is it auto? and what balance and lot ratio to be used? like for example for 1000 dollar balance, lot of 0.01 etc..
kindly explain

Thanks for sharing

 

[ikhbarismail]

Is it like an open source EA? I mean can i edit it .. btw, i dont know MQL5 . Hehe

 

[trader974]

Please find attached New Updated Gold Mining EA with SET File.

this a is very good but you need use other ea for have a Sl or fix a equyty guard. gold is very volatil and thie ea is martingale . a new version 2020 are comming soon

 

[trader974]

dn't agree more. When sharing EA's, it would be better to actually mention also on which broker the EA has been running.
Every broker is different. A given set file that's making profit on broker x won't always make profit on broker y.
e.g. slippage, spread, speed, etc.
When I'll start sharing EA's again, I'll let you guys know on which broker.
Cheers.

I used this ea on tickmil pro account leverage1:500 ,and work very well just need sl for protect account

 

[trader974]

I have heard that some months back all those using this EA got account blown, so i want to know that new updated ea is updated after the a/c blown to safeguard from those types of movements?

i think you need use other ea for stop loss or equity guard.. for protect your account ,and all be good

 

[trader974]

hi
i used gold mining with mediu risk in 2 demo account at 3k and 5k, both was burned in 7 days, i had good profit and next big loos...the ea is a martingale , it can crash your account with volatility ...this ea is not good . there a v3 gold mining .... i think you need use it with other both for stop loos as equity guard or ea close loss and profit for protect you account if not ..the market will have always true/.. becarreful

 

[edward94]

What strategy does this EA utilizes? Is it grid/martingale?