I can Program MT4 EA for free
Feb 05 at 05:35
309 Views
6 Replies
Member Since Jul 25, 2023
3 posts
Feb 05 at 09:26
Hi, I'M Eric Barton
I have trading strategy for XAU/USD for MT4 only
Absolutely, diving into the world of Forex trading, especially with a focus on XAU/USD (Gold) and the US Dollar, is an exhilarating journey. Here's a foundational strategy you might consider exploring. Remember, trading involves risks, and it's crucial to test any strategy thoroughly before diving in with real capital.
Strategy Overview: Trend Following with Risk Management
Objective: Capitalize on the medium to long-term trends in the XAU/USD market while managing risk effectively.
1. Technical Analysis Foundation
Indicators: Use a combination of Moving Averages (MA), Relative Strength Index (RSI), and MACD. For example:
Moving Averages: A 50-day MA and a 200-day MA can help identify the trend. A golden cross (50-day MA crossing above the 200-day MA) signals a buy, while a death cross signals a sell.
RSI: Helps identify overbought (above 70) or oversold (below 30) conditions.
MACD: Confirmation of the trend’s strength. Look for MACD crossing above its signal line for a buy signal and below for a sell signal.
2. Fundamental Analysis
Stay updated with key economic indicators, such as inflation rates, interest rate decisions, and economic growth metrics. For XAU/USD, both global economic stability and the USD's performance on the Forex market are crucial.
Inflation: Gold is often seen as an inflation hedge. Rising inflation could increase gold's attractiveness, potentially driving XAU/USD higher.
USD Strength: Since gold is priced in USD, a weaker USD could make gold cheaper for holders of other currencies, boosting demand and price.
3. Risk Management
Stop Loss and Take Profit: Always set a stop loss to minimize potential losses. A risk-reward ratio of at least 1:2 is advisable.
Position Sizing: Do not risk more than 1-2% of your trading capital on a single trade.
4. Trade Execution
Entry: Enter a trade based on technical signals, confirmed by fundamental analysis. For example, enter a buy position when you see a golden cross, RSI moving above 30, and MACD crossing above its signal line, especially if fundamental analysis supports a bullish outlook for gold.
Exit: Set a take profit level based on key resistance levels or a predetermined profit target. Use a trailing stop loss to maximize gains during strong trends.
5. Review and Adjust
Regularly review the performance of your trades to identify areas for improvement. Stay informed about global economic changes, as they can significantly impact XAU/USD trends.
I have trading strategy for XAU/USD for MT4 only
Absolutely, diving into the world of Forex trading, especially with a focus on XAU/USD (Gold) and the US Dollar, is an exhilarating journey. Here's a foundational strategy you might consider exploring. Remember, trading involves risks, and it's crucial to test any strategy thoroughly before diving in with real capital.
Strategy Overview: Trend Following with Risk Management
Objective: Capitalize on the medium to long-term trends in the XAU/USD market while managing risk effectively.
1. Technical Analysis Foundation
Indicators: Use a combination of Moving Averages (MA), Relative Strength Index (RSI), and MACD. For example:
Moving Averages: A 50-day MA and a 200-day MA can help identify the trend. A golden cross (50-day MA crossing above the 200-day MA) signals a buy, while a death cross signals a sell.
RSI: Helps identify overbought (above 70) or oversold (below 30) conditions.
MACD: Confirmation of the trend’s strength. Look for MACD crossing above its signal line for a buy signal and below for a sell signal.
2. Fundamental Analysis
Stay updated with key economic indicators, such as inflation rates, interest rate decisions, and economic growth metrics. For XAU/USD, both global economic stability and the USD's performance on the Forex market are crucial.
Inflation: Gold is often seen as an inflation hedge. Rising inflation could increase gold's attractiveness, potentially driving XAU/USD higher.
USD Strength: Since gold is priced in USD, a weaker USD could make gold cheaper for holders of other currencies, boosting demand and price.
3. Risk Management
Stop Loss and Take Profit: Always set a stop loss to minimize potential losses. A risk-reward ratio of at least 1:2 is advisable.
Position Sizing: Do not risk more than 1-2% of your trading capital on a single trade.
4. Trade Execution
Entry: Enter a trade based on technical signals, confirmed by fundamental analysis. For example, enter a buy position when you see a golden cross, RSI moving above 30, and MACD crossing above its signal line, especially if fundamental analysis supports a bullish outlook for gold.
Exit: Set a take profit level based on key resistance levels or a predetermined profit target. Use a trailing stop loss to maximize gains during strong trends.
5. Review and Adjust
Regularly review the performance of your trades to identify areas for improvement. Stay informed about global economic changes, as they can significantly impact XAU/USD trends.
Member Since Jul 25, 2023
3 posts
Apr 01 at 07:31
I'm looking for someone to make me a MT4 robot.
Member Since Aug 15, 2022
1 posts
Apr 01 at 11:45
i am mql developer i can develop Custom indicators and algorithms for you
Member Since Jul 25, 2023
3 posts
Apr 01 at 14:45
Ok, Sounds good just keep it simple as possible I just need the robot to trade with the economic calendar an trade with the Asian session , London session an New York session Project Objective:
The goal is to create an EA that automatically executes trades based on the High and Low impact events listed on Myfxbook.com's economic calendar. The EA should be able to parse the economic calendar's data, apply pre-determined trading logic around these events, and manage trades accordingly.Strong experience in MQL4 programming and a solid understanding of forex trading.
Proven track record of developing similar EAs and ability to integrate external data sources (like Myfxbook.com) with MT4.
Ability to write clean, efficient, and well-documented code.
Knowledge of financial markets and understanding of economic indicators.
Responsibilities:
Collaborate with me to understand my specific trading strategy and requirements.
Develop and deliver a fully functional EA that meets the strategy criteria.
Ensure the EA includes configurable parameters to adjust the trading rules and risk management settings.
Conduct thorough testing to ensure reliability and performance of the EA.
The goal is to create an EA that automatically executes trades based on the High and Low impact events listed on Myfxbook.com's economic calendar. The EA should be able to parse the economic calendar's data, apply pre-determined trading logic around these events, and manage trades accordingly.Strong experience in MQL4 programming and a solid understanding of forex trading.
Proven track record of developing similar EAs and ability to integrate external data sources (like Myfxbook.com) with MT4.
Ability to write clean, efficient, and well-documented code.
Knowledge of financial markets and understanding of economic indicators.
Responsibilities:
Collaborate with me to understand my specific trading strategy and requirements.
Develop and deliver a fully functional EA that meets the strategy criteria.
Ensure the EA includes configurable parameters to adjust the trading rules and risk management settings.
Conduct thorough testing to ensure reliability and performance of the EA.
Attachments:
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.
