This EA is part of Nexus Portfolio - a combination of the best long term EAs I created for my personal trading as well as private fund management
About Gold Trend X:
Gold Trend X is a multi systems - multi timeframes EA that trades gold exclusively. It has several internal systems to define trends and will try to follow intraday momentum with good Reward to risk ratio. This is one of the rare gold EA that have average profit > average loss and therefore have good risk management and very sustainable in the long run.
The algorithm utilizes a proprietary AI model based on retail trader sentiment and 9 different indicators to identify and predict relevant market cycles of up and down trends, including MACD, Smoothed Moving Average, RSI, TDI, ADX and some others less common indicators to find the best entry during a trend.
Retail sentiment data has been collected for many years and feeding to the AI engine to learn the patterns of retail traders and consistently trade against them.
Backtest & Setup Guide:
To backtest and run the EA correctly you'll need the BankOrderFlow_update indicator. PM me to receive the indicator and put it in MQL5\Indicators folder.
Attach/backtest the EA on ONE XAUUSD M5 chart
Set ValidationOnly to False
Choose your Risk ( Live Signal trading with 1.5 Account Balance Risk Percent )
Best is to use IC Markets platform to test from 2017. You'll get the same backtest result as mine.
Features:
No Martingale, grid or doubling down to losing trades.
Supported pair: XAUUSD
Multi Timeframes - Multi Strategies
Safe and long term stable
Backtested with 0.1 fixed lot yield $62,900 in profit over the last 7 years with Recovery Factor of 21.38
Losses can and will happen as with any other normal trading strategies. Estimated Max Drawdown with 1.5% Balance Risk is 20-25% from backtest
Requires hedging account and standard New York close brokers time zone( GMT+2 +3)
Recommendation:
Minimum deposit: $1000
Hedging account, ECN brokers with low spreads, standard GMT+2 (+3 summer time) such as IC Markets, Tickmill, Alpari etc.
