Gold Pick is a mean reversion grid trading system designed to trade XauUsd (Gold). He uses real market inefficiencies to his advantage to gain an advantage over the market. The EA has 5 pre-installed set-files, which are essentially 5 different trading systems on gold

Attention !!! Please read carefully the rules for installing the advisor, and install it correctly. Before publishing, we check everything and publish only those advisors that work on our accounts !!! At least at the time of this article’s publication.Also, please note that the name of the adviser has been changed, you can find the original name of the adviser in our telegram channel https://t.me/FX_VIP/1918

Developer price950USD FREE for you
TerminalMT4
Currency pairXAUUSD
TimeframeM1
Money managementAt least 50 currency units
Recommended brokersRoboForex, IC MarketsALPARI
For advisor recommended to use VPS 24/5Zomro (most affordable Windows server only $ 2.75 per month)

Backtesting:

It makes no sense to conduct backtesting, since there are different monitoring of real accounts from the developer of the adviser, and as we know, any monitoring is better than a backtest in the strategy tester. Below you can learn more about all the monitoring.






Settings:

MM & Risk settings

  • Allow Opening a new Grid – on/off opening of new grids. It does not affect the already open grids
  • Lot-sizing Method- select the lot sizing method according to the risk you want to take: Fixed Lots will use fixed lot size from the “Fixed lot” parameter, Dynamic Lots will use ‘Dynamic Lot’ parameter, Deposit load will calculate lots based on deposit load%, and 4 predefined presets will calculate risk automatically for you
  • Fixed Lot- fixed trading lot for the initial trade.
  • Dynamic Lot (Balance/Equity based)- balance/equity to be used per 0.01 lot
  • Deposit Load % – % of the deposit that will be totally used to open the initial trade

Strategy

  • Percentage Pips Mode – on/off percentage pips mode. 1 per. pip = 0.0001 * Curr. Price
  • Price Channel Period – period of Donchian channels used to calculate the upper/lower levels
  • Price Channel Time Frame – working TF for the Donchian channels
  • Daily EMA Period – period of the daily EMA for calculating the medium-term trend
  • Volatility Filter – allows you to avoid risky trades during periods of high volatility

Machine Learning

  • Enable Neural Network Filter – on/off filtering of trades using ML technology
  • Use Built-in Perceptron Configuration – if true, the EA will use built-in Perceptron config. If false, the EA will load the custom config file Perceptron_Config.txt located in the common directory for all MT4/5 terminals
  • Min Probability of Profit % – min predicted probability that a trade will result in profit

Perceptron Training

  • Perceptron Training Mode – if true, the EA will try to train Perceptron and save results in the external config file Perceptron_Config.txt
  • Dataset Max Size – maximum dataset size for raw data
  • Neuron in Hidden Layer – number of neurons in the hidden layer. If zero, then no hidden layer will be used
  • Training Algo – training algorithm: Levenberg–Marquardt or L-BFGS
  • Number of Restarts – max. number of restarts to find global optimum

Grid settings

  • Trade Distance – min. step in pips between grid(averaging) trades
  • 2nd Trade Multiplier- multiplier for the 2nd trade
  • 3rd-5th Trade Multiplier- multiplier for the 3rd-5th trades
  • 6th- Trade Multiplier- multiplier for the 6th-…. trades
  • Maximum Trades- max number of grid(averaging) trades

Others

  • Trade Comment- comment for orders
  • UID (0…9)- unique EA instance number. Usually no need to change it

Attention!!! You need to give the EA access to the news list website and time server for news filter and time detection functionality to work correctly:

https://ec.forexprostools.com
https://www.worldtimeserver.com
http://timesrv.online
http://valeryservice.com

Conclusion:

Although we see attractive monitoring and a rapidly growing yield curve on real accounts, we should not relax and forget that this adviser uses a dangerous trading method, and at any moment can lose the entire deposit in an instant, nevertheless, where there are big risks, we can often have big profits in the shortest period of time, which in most cases attracts some traders, mostly of course beginners who come to the forex market quickly and easily make a lot of money)
In any case, you need to approach trading wisely and then you will be able to earn even on an adviser that seems completely hopeless, for example, at least just withdraw the earned profit every Friday, well, or every month, or not all the profit, but some percentage of the profit to simultaneously allow the deposit to grow and play it safe if the adviser loses everything in an instant, you will at least have the amount that you managed to withdraw.
In general, the developer of this advisor has a lot of good robots that have been trading and earning for a long time, so let’s hope that this is again one of the good robots that will allow us all to earn, but even so, I recommend that you first check the advisor on a demo or on a cent account and figure out how it works.

IT IS IMPORTANT!!! THIS ADVISOR WORKS AND HAS BEEN TESTED WITH BUILDING 1355 AND LIBRARY VERSION FILE msimg32 v1.0.0.3-629A

For the advisor to work, you need to install the library DLL in the root folder of the terminal, please read the instructions, the installation of this advisor may differ from the standard installation – https://fx-vip.pro/libraries-mt4/

Reminder: As with every trading system, always remember that forex trading can be risky.  Don’t trade with money that you can not afford to lose.  It is always best to test EA’s first on demo accounts, or live accounts running low lotsize.  You can always increase risk later!

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DOWNLOAD EA Gold Pick v1.34

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