GoldbotOne EA implements eight different breakout strategy variations, each optimized for different market conditions. This diversification ensures good risk distribution and creates smoother growth expectations. Designed for breakout trading, it identifies key moments when gold prices break through established support or resistance levels, providing opportunities to enter trades at potentially profitable points.

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/2560

Backtesting:

Backtesting was not conducted, as there is a live signal on the account from the author, detailed statistics below

Link to monitoring – https://bit.ly/48cSivC

Settings:

Parameter overview:

• ShowInfoPanel -> display the information panel on the chart
• Adjustment for Infopanel size -> in case of 4K display, set value to “2”
• update infopanel during testing -> disabled for faster backtesting
• Allow Buy Trades / Allow Sell Trades -> here you can enable/disable buy trades and sell trades
• Run strategy 1..8 -> enable/disable the different strategies (all are breakout of daily support and resistance, but different entries and exit settings)
• Maximum allowed spread: maximum spread for pending orders to be allowed
• Friday Stop Hour -> if you don’t want trades to be hold over the weekend, set a value between 0 and 23. (25 means “disabled)
• SetSL_TP_After_Entry -> enable only if your broker doesn’t allow pending orders with SL and TP
• Use Virtual Expiration -> enable only if your broker doesn’t allow pending order with expiration date
• Randomization -> this will randomize the entries, exits and TrailingSL values a bit, so that multiple users on the same broker, will have a bit different trades. Also good for prop firms. Good value is “50”
• BaseMagicNumber -> the base magicnumber that will be used for all strategies
• Comment for trades -> the comment to be used for the trades
• EnableNFP_Filter -> turn the NFP filter on or off
• AutoGMT -> let the EA calculate the correct GMT offset for your broker, so that the time of NFP will be correct
• GMT_OFFSET_Winter -> for setting the GMT Offset manually in the wintertime (when AutoGMT is off, or during backtesting!)
• GMT_OFFSET_Summer -> for setting the GMT Offset manually in the summertime (when AutoGMT is off, or during backtesting!)
• NFP_CloseOpenTrades -> force the EA to close all open trades when NFP starts (X minutes before NFP)
• NFP_ClosePendingOrders -> force the EA to delete all pending orders when NFP starts (X minutes before NFP)
• NFP_MinutesBefore -> how many minutes before the NFP event, to close trades and pending orders
• NFP_MinutesAfter -> how many minutes after the NFP event, before the EA resumes trading again
• Propfirm unique settings -> here you can adjust various entry and exit parameters to make the EA trade differently from other users
• Lotsize Calculation Method -> here you determine how the lotsize should be calculated: Fixed lotsize (Use StartLots), Using Max Risk Per Strategy, or using LotsizeStep
• Startlots -> set the value for fixed lotsize, when that option is chosen. This parameter will be used as “minimum lotsize” when using any of the other 2 options for lotsize calculation
• LotsizeStep -> binds the lotsize to the balance or equity. So LotsizeStep=1000 would mean: 0.01lots per 1000 balance. so a balance of 3000 would run at 0.03lots
• Max Risk Per Strategy -> The maximum loss (in %) when a strategy reaches his maximum historical drawdown. So value “2” would mean maximum 2% loss if the max historical drawdown of that strategy is hit.
• Set Max Daily Drawdown -> Here you can set a maximum allowed daily drawdown (in %). If it is reached, the EA would close all trades and pending orders, and wait for the next day. This is usefull for prop firms
• Use Equity instead of Balance -> use Equity of the account to calculate all lotsize values
• OnlyUp -> this will prevent lotsize to decrease after losses (more aggressive but faster recovery after losses)
• Check for free margin before setting trades -> Use when the EA has problems setting trades on your broker because of low margin, while there is sufficient margin
• AdjustLotsizeToVariableValues -> this will adjust the lotsize to adjusted SL/TP levels (in case Goldprice itself changes a lot)

Conclusion:

I recommend testing this bot on a demo or cent account to understand how it works. If it meets your expectations, you can upgrade to a live account. Overall, the bot was created by a popular developer on the market who focuses on honest systems, which have the highest probability of real trading matching backtesting results, without any fraud. The real trading results you saw above are good, so I think it’s worth testing this EA. You don’t need to purchase it; you can simply download the unlocked unlimited version from the links below and use it seamlessly on any account.
However, if you see the potential of this EA and have made a profit with it, I strongly recommend purchasing it from the official developer so you can receive timely updates and support.

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All this is only for our partners registered via this link: https://www.instawebinvest.com/fast_open_live_account?x=EYJYR
ALSO, AFTER REGISTRATION, WRITE TO US ON TELEGRAM @FxVIPpro WE WILL ADD YOU TO A PRIVATE CHANNEL WHERE OUR PARTNERS WILL HAVE NICE BONUSES AND GIFTS!

Functionality tested, in build 1441 working.

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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