The video discusses the best expert advisors to trade gold, with a focus on the Center EA and Dark Moon. The testing and adjustments made are explained, and the importance of considering contract specifications for individual brokers is emphasized. Finally, setting up a VPS for trading is demonstrated.

Best EA to Trade Gold: A Detailed Analysis

Introduction

Gold is a unique asset that requires a different set of skills and strategies compared to other pairs. As traders venture into trading gold, it is vital to understand the market and what affects it. In this video, we will look at two expert advisors that could potentially be profitable in trading gold. We will analyze their performance and make necessary adjustments to enable them to give the desired results.

Expert Advisors

The two EAs under consideration are Center EA and Dark Moon. Both employ grid function, but they function differently. To get a clear picture of what works and what doesn’t work, the EAs will operate on a 1000 cent account, which translates to $100000 with high leverage possible.

Strategy Test

We will run a strategy test for both bots to determine the difference between the bots that trade a lot and the ones that place few trades. We will compare the two and determine which one is more profitable. Dark Moon is designed to trade on 5, 15, and hourly; however, for comparison purposes, we will test it on 1-minute time frames. The strategy tester will reveal how it reacted against gold over the past month.

As expected, it goes into a deep period of drawdown typical of a Martingale EA. However, we can adjust it to our specifications, depending on the security we are trading. It’s essential to create a set file that enables the EA to be less aggressive and take fewer trades.

Testing the EAs on Live Accounts

The modeling quality for gold is poor, necessitating testing in a live market. We will use the set file created for Dark Moon and see how it performs. So far, we have 2200 trades, a win rate of 100%, and a total net profit of $3563 or 3.5% in one month with only a 1% drawdown.

We will now switch to Center EA using the set file created for gold. It’s essential to adjust your set files for your broker’s contract specifications, volume steps, and swap fees for long and short charges. This enables the bot to trade without any hindrances.

The return graph reveals that Center EA places more trades than Dark Moon. The number of trades we make depends on our preference of quality over quantity. The short and long positions are 50 and 75.32 % total trades, with the largest loss and win significantly different.

VPS Trading

We now set up a VPS for trading. Both charts will run on the 1-minute time frame. We then attach the expert advisors, taking care to ensure that the magic number is different from the other expert advisor.

Conclusion

Trading gold is different from trading other pairs. To be successful, it’s essential to understand the market and comprehend what affects it. Both EAs have a distinct way of functioning, and depending on your preference, the number of trades you make depends on you. It’s crucial to adjust your settings to your broker’s specifications, adjust your lot sizing, and check the volume step to avoid unnecessary losses.