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GoldExcel EA is a powerful and efficient trading tool specifically designed for the XAUUSD pair (Gold). This Expert Advisor (EA) is not only suitable for regular accounts but also excels in funded proprietary accounts and trading challenges. Unlike many other trading systems, GoldExcel does not rely on High-Frequency Trading (HFT) techniques, making it a versatile and reliable option for a wide range of traders.
Original price: $699 Vendor website: https://shorturl.at/CnUD1
Experts: Gold Excel_fix.ex4 (NoDLL / Unlimited Working on version 1420+)
Proven Track Record
GoldExcel EA has delivered exceptional performance, turning a modest $1,000 investment into over $25,000 in less than nine months. This remarkable achievement isn’t based on backtests or simulations—it’s real-world trading, with consistent profits for over nine months and hundreds of satisfied clients since its launch in January. GoldExcel stands out for its longevity in the market, consistently ranking among the top-performing EAs on MQL in 2024.
Long-Term Stability and Profitability
GoldExcel EA uses a straightforward yet effective strategy, placing orders twice daily on the Gold pair. This pair is ideal for this type of trading due to its high daily range, volatility, and correlation with stock market openings. The system capitalizes on the price movements at the start of the U.S. trading session, using a time-based approach combined with price action to secure a competitive edge. Each trade is protected by a hard stop loss of $5, ensuring risk is managed effectively.
This EA does not engage in risky practices like layering or stacking trades. Instead, it maintains a simple approach with one open trade at a time, making it easy for users to understand and control their risk exposure. The system also includes a recovery function that increases the lot size on the next trading day if the previous day resulted in a loss. While this feature can be turned off, the EA’s historical win rate of over 85% suggests that using the recovery function can enhance performance.
Flexibility and Ease of Use
GoldExcel EA is designed to be user-friendly, requiring minimal setup. It is suitable for both novice and experienced traders, with the flexibility to adjust trading parameters according to personal preferences. Whether you are using a small account or a larger funded account, GoldExcel can adapt to your needs. The EA works best with brokers offering low spreads on Gold, typically around 10-15 cents. For optimal performance, brokers like IC Markets and Pepperstone are recommended due to their low spread offerings.
The system places up to two trades per day, each with a $5 stop loss and take profit, ensuring that no trades carry over into the next day. This eliminates the risk of overnight fees and allows for clear, daily performance tracking. A VPS is recommended for consistent performance, though not essential.
Key Specifications
- Currency Pair: XAUUSD (Gold)
- Minimum Deposit: $50
- Timeframe: 5 Minutes
- Broker Requirements: Low spread (around 10-15 cents), with accounts like RAW or RAZOR
- Trading Approach:
- Places up to 2 trades daily
- Uses pending orders for entry
- Stop loss and take profit at $5 each
- No overnight trades, orders are closed by the end of the day
- Account Compatibility: Works with hedge, netting, and FIFO accounts
Conclusion
GoldExcel EA is a robust and reliable trading system designed for long-term success in Gold trading. Its proven track record, combined with its simple yet effective strategy, makes it a valuable tool for both new and experienced traders. With GoldExcel, you can confidently trade knowing that your positions are protected, and your risk is managed effectively. Whether you’re looking to pass a proprietary trading challenge or simply grow your account, GoldExcel EA offers a comprehensive solution that delivers consistent results.
