XAU Index EA
Logic:
Trend-Following:
- Utilizes multiple indicators including Moving Averages (Fast, Medium, Slow), CCI, MACD, ADX, BULLS, BEARS, STOCH, RSI, FORCE INDEX, MOMENTUM, and DeMARKER to determine trade direction.
- The direction is identified by checking the trend across various timeframes from M1 to D1.
- Buys when the majority of indicators signal upward movement, sells when they signal downward movement.
Order Management:
- Orders are managed with specific parameters such as Stop Loss, Pip Step, and Maximum Lot size.
- Allows for automatic trade closure when profit exceeds a specified target or if the trend reverses based on indicator signals.
Martingale:
- Increases lot size using a Martingale strategy if previous trades exist and meet certain conditions.
Profit Protection:
- Includes mechanisms for securing profit through trailing stops and emergency loss protection.
- Closes trades when specific profit or loss conditions are met.
