Which is the Best Free Gold Trading EA mt4? Part 3
hi everyone and welcome to my channel I hope that you are having a profitable trading week if you enjoy any part of this video feel free to drop it a like And subscribe for more over the past couple of weeks we've been testing the best Forex Trading robot for trading gold and so far we've come to a four different Bots that have been trading in the last few weeks on the live market our last update was on the 4th of November and this is on the 18th of November as you can see from the balance one of the Bots has taken a big loss one of the problems with trading a grid style bot is that big losses can be occurred however in this case even though the stop loss was enabled the set file failed now I emailed a message the author on mql and he provided me with a PDF document that I will attach on the Google Drive you will see that its profit for the month is -17 287 and 92 cents however this doesn't mean that the experiment is over first I'd like to show you in comparison what the strategy testing results look like over the same period as before so I'm going to load the set file that we made for ztea on gold and have a look at the results it is important to note that even if you attach the expert advisor to a higher time frame it still trades on the one minute so let's select the set file that we've previously made and run it for the same period because of the testing quality on the one minute I don't recommend trading this time frame you'll see that after a while we had a big loss on the account a completely different result to what we previously saw this means that we will either need to refine the set file more or change to an alternative EA that doesn't mean that the experiment is over let's take a look at how the other Bots performed that ended in a profit first let's take a look at meat alco's moving average bot now this EA works on a very simple premises of a moving average cross so what I'm going to do is insert the two moving averages that I currently have selected for the set file the two moving averages are the 9 and the 200 exponential meaning the bot is currently trading golden and diff crosses so if we zoom out we'll see there was one opportunity for a trade however it was during a period that the bot wasn't allowed to trade we will be running the bot moving forward to see the kind of results we are able to get with this strategy under our account history we'll see all of the trades that have been placed during the past couple of weeks since the 26th of October like I said in my previous video trading a bot with such a high frequency can be risky and you'll see for large quantity of Trades placed by the bot through this trading process what I would like to do is look at the results of the two remaining profitable Bots Dark Moon and dark Venus to do this I use a simple website called if it's blue to register for an fx blue account is completely free so instead of exporting your trading results to an Excel and then working from there it actually provides you with the data for all of your trading history for free one of my favorite Parts about if it's blue is that you can filter by magic number so they do give additional trading tools and apps that you can use on metatrader 4 and 5. the one we'll be focusing on for this video is the FX blue live and analyze account data to create an account you have two different options you can either do automatic account six where they collect the account history for you or you can use the publisher EA that you run alongside your bots on your meta Trader this is the register for an account simply select the trading platform that you are using and provide the information needed to set up a publication you used to only use the read-only investor password and your email address please note that for the publisher EA the updates are more frequent however I have found the account syncing option to work very well what you'll need to do is select the broker that you are currently using from the drop down menu and I'm going to copy the login information for this account so we will have the account number and the investor password remember to always keep this safely stored so that you are able to access your accounts you will need to enter a email address for the advanced features so I am going to register this to our sic account this means that throughout the couple of weeks remaining we'll be able to track the process of the different Bots used by the account to access your Publications simply press on the link provided for the account however if you've just started it might still need to publish the data so what I'm going to do is give it a few minutes and come back and see our results once it has or successfully published your results you can simply click on the link provided for the URL I will share the URL link listed below so under the URL link you will find your overview of analysis as we've already seen we are currently sitting at a nine thousand seven hundred dollar loss and we'll see those duration trades that Center EA lost that currently puts us in drawdown so what I'm going to do next is I'm going to look for the specific magic numbers that we've been using on our metatrader4 account you can simply filter them according to net profit Pips and other so here we will see according to net profit next we have our magic number according to Pips and last but not least we have our third and last option which is the number of Charades so as you can see we have one two two three three four which is our Dark Moon bot and then eight three nine eight which is the dark Venus set file that I have created another way to look at this is to go under analysis and filter according to magic number so under symbol you select what you want to filter according to in this case according to magic number we'll see that dark Venus closed a net profit of 578.71 cents and Dark Moon is 3165.97 the trades without magic numbers are my personal trades which account for 375 dollars and 59 cents it gives you a detailed analysis that you can use to find the most profitable system and this gives you the opportunity to test multiple Bots at the same time it is important to note that you will need the requirements for a higher operating system if you want to run more than one bot on a VPS I recommend checking out in the description below for one of our recommended VBS providers let's continue on with the analysis and in total the two remaining parts totaled three thousand six hundred dollars in profits for the two weeks next on the MCL Marketplace I'm going to search for a new bot to replace the one that we are currently trading so you'll see if you search for gold under mt4 experts you have a multitude of different parts that have specifically been designed for gold today we'll take a closer look at gold Edge which has been recommended to me by one of the community members so under here you'll see different parts that have been specifically designed for gold I recommend testing these on strategy tester and a demo account before moving forward so here we have gold Edge by high techie gold age has been specifically designed for gold and can be used also with other instruments it uses a trend following moving average strategy with a multi-time frame relative strength index analysis it has a few advantages to other three parts in its DD or drawdown reduction function the drawdown reduction function is a function that closes the oldest order with a bad profit with a loss with the latest profitable order there is a signal available for the bot so you can track live how the bot performs in the market he has also written a blog post that I recommend reading before testing the bot moving forward the recommended minimum deposit for the bot is three thousand and the recommended time frame is the five minute it already has a couple of good reviews and the author responds to comments quite quickly what I'm going to do next is download the bot directly onto my mt4 terminal and do a strategy test and create a set file for trading back on our VPS we have search for the bot under our Market function and we can download it directly onto our trading terminal this is great because it gives you the opportunity to update your Bot when new releases are available so what I'm going to do next is we're going to create a set file for gold Edge that will be available on the Google drive to do this simply select view at strategy tester now for this I'm going to keep it for the same testing period as the other parts that we've been using and the spawn goes on the recommended time frame of five minutes under inputs I'm going to make a few adjustments from the base settings of the bot so right at the top we have the magic number and make sure that it is different from any other magic numbers that you are trading it allows you to set the functionality of trading only longs or only shorts it has an O2 size function and a O2 Max lot function for your specific account size different to other trading Bots that I've seen the offer has set the base margin for each lot to 10 000 instead of a thousand that is recommendable on gold because of its high volatility and the margin required to trade these larger lot sizes you'll see it has first take profit and a drawdown reducing take profit it also has two separate set files oh trailing stops for each of these grid functions what this means is you can actually set the point where the bot starts reducing drawdown under its grid settings for our strategy test I'm going to use both of the trailing stops when we take a closer look at the grid you'll see that the start lot multiplying count is higher than the log multiplier meaning that the bot will create an aggressive grid you'll see that it reduces drawdown from free trades and that it has a moving average and an RSI filter by tweaking the RSI filter you are able to reduce the quantity of Trades as this is a high frequency bot so what I'd like to do now after those few small adjustments is run the bot on the same period as before so what we're going to do is press start and let's take a look at the graph as you can see on default it uses Edge bits what this means is the bot is still able to generate profit even when the market moves against it this does require a higher quantity of liquidity and can be more risky so for our first strategy test we are going to not hedge and then after that we are going to select the Hedge function as you can see during the period it went into one large period of drawdown during the start of our testing period the bot does place a high quantity of Trades as you can see from its trading quantity because we're using the five minute we also have a higher test quality the other option is to not hedge your bets meaning the bot will only trade in One Direction at a time by doing this it does reduce the frequency of trading however once it is in drawdown it will not increase the quantity of profits so as you will see the drawdown reducing function works as follows closing the highest and the lowest or initial trade in a small profit reducing or moving the grid to the new point in the market as you can see from the quantity of trading it also takes small profits because of the tight settings for the trailing stop the trading stop starts for the initial trade from 10 Pips and then Trails by free Pips let's take a look at the trading results like I said before it does place a lot of Trades and adjust them frequently this mean it will put a strain on a less efficient operating system make sure to check the requirements of your VPS before running high frequency bots so we'll see a total net profit of the month for four percent with a drawdown of 20 it has a profit factor of 1.51
what I'm going to do next is save the set file so that we can test it in the live market I always test about first on a demo account before committing real money the steps this or follows always start by creating your set file using the strategy tester forward test the bot for at least a hundred trades on demo in a live account lastly start the bots on a real account at a 0.01 lot size by trading a 0.01 lot size for another hundred eight it will show you how the bot will trade in the live market environment as the same as before I will enable our Equity cutout percentage for the bot this means that it will have a overall stop loss for verbot itself and we're going to replace it with our previous state file that we've made next I'm going to get our trading system ready so that we can test the four parts moving forward first I'm going to close the one minute time frame and create a new separate chart for gold for the five minute time frame for gold Edge what we're going to do now is simply drag gold Edge to the chart and load the set file that we've created with our strategy tester all of the settings that we have now created and tested will be testing moving forward it does have a buy and a cell panel and a close all buy and close or sell if you were to press the buy or the cell the part will manage that trade on your behalf according to the parameters that you have set for the bot now I often get asked why I don't test the parts for a longer period of time firstly I am working on a VPS with limited space so it means that I'll often get a write file error which means there isn't enough space on the disk drive to run that length of test the reason behind this is because of the high quantity of Trades that these type of aggressive grid Bots use to generate a monthly return so if we were to taste it for the last year we can look at our trading results so let's take a look at the graph you'll see the aggressive style grid pods immediately starting to take profitable trades and then going into periods of drawdown as you can see the strategy test is going to take quite some time to compete so I'm going to leave it running in the background and we can take a look at the yearly results a few minutes later you'll see that the bot is still running and it is finally completed its entire test you'll see that we ended on a hundred and sixty nine thousand six hundred and ninety nine dollars that means an almost 70 percent return over the last year period let's take a closer look at the report as you can see a sixty percent return for relative drawdown of 16 a profit factor of 1.67 during this Trine and you'll see a high quantity of Trades foreign loss ratio the average win is 76.34 because of the grid style that it uses you'll see the average loss is a lot larger than the average profit and this is typical of the spirit style Bots as you can see from here that the plot looks to be very profitable on our strategy tester however it will be interesting to see what the bot performs like moving forward in the next few weeks we will be doing another set for another video for the different set files that we've been trading in the live market so make sure to join us for that as always it is recommended to run your trading robots on a virtual private server meaning that you will have access to 24 7 100 automated trading can this specific broker server I'm currently having a 7.59 millisecond latency if you enjoyed any part of this video feel free to drop it a like And subscribe for more happy trading bye
2022-12-05 19:30
