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XAUUSD Trend Following EA

(7 customer reviews)

$22.88$48.05

Unlock your trading potential with the XAUUSD Trend Following EA by KOKOSHELL. Furthermore, this cutting-edge Expert Advisor leverages the power of Simple Moving Average (SMA) crossovers to provide precise buy and sell signals. With customizable settings for lot size, take profit, stop loss, and trailing stops, it ensures your trades are managed effectively. Additionally, the optional Martingale strategy enhances recovery potential by increasing lot sizes after losses.
Fully automated and equipped with comprehensive risk management features, the XAUUSD Trend Following EA is designed to help you achieve consistent, profitable trading. Moreover, transform your trading strategy and experience superior performance with a lifetime license and updates. Therefore, elevate your trading game with XAUUSD Trend Following EA today!

Trading Guidelines

☑️ Suitable instruments: Gold/XAUUSD
☑️ Suitable timeframes: Daily, 4 Hours, 1 Hours, 30 Minutes, 15 Minutes, 5 Minutes

Software Information

☑️ Unlimited Installations
☑️ Lifetime Licence
☑️ All currency pairs

Guaranteed Safe Checkout
  • Our expert advisor comes without preset input parameters, giving you the freedom to backtest and find the best settings that fit your trading style, ultimately helping you achieve success.

Elevate Your Trading with XAUUSD Trend Following EA

Discover the power of trend following with the XAUUSD Trend Following EA (Expert Advisor) for MT4 (Metatrader 4) by KOKOSHELL. This Expert Advisor capitalizes on trending markets by providing accurate and timely buy and sell signals based on Simple Moving Average (SMA) crossovers.
Whether you are a novice or an experienced trader, the XAUUSD Trend Following MT4 Expert Advisor offers a powerful, automated solution to enhance your trading strategy and boost your profitability.

For an in-depth guide on maximizing your profits with our expert advisor, explore How to Make Money with XAUUSD Trend Following EA. Discover expert tips, advanced strategies, and essential tools to be profitable and optimize your trading approach. Don’t miss this opportunity to elevate your trading game today!

How It Works: Harnessing Market Trends for Success

The XAUUSD Trend Following EA analyzes market trends using fast and slow Simple Moving Averages (SMAs). When the fast SMA crosses the slow SMA, the EA generates buy or sell signals, indicating the beginning of a new trend.
Additionally, the EA features robust risk management tools, including customizable lot sizes, take profit, stop loss, and trailing stops, ensuring effective and efficient trade management. For traders looking to maximize their recovery potential, the built-in Martingale strategy can increase lot sizes after losses.

Key Features: Advanced Tools for Superior Trading

  • Precision Entry Signals: Utilizes SMA crossovers to generate precise buy and sell signals.
  • Dynamic Trailing Stops: Adjusts stop-loss levels as trades move in your favor, securing profits effectively.
  • Martingale Strategy: Optional feature to multiply lot sizes on losing trades, enhancing recovery potential.
  • Customizable Settings: Tailor parameters such as lot size, take profit, stop loss, and trailing stops to suit your trading style.
  • Risk Management: Comprehensive risk management features to protect your investments.
  • Automated Trading: Fully automated trading allows you to set it and forget it, optimizing your trading efficiency.
  • Lifetime License: One-time purchase with lifetime access and updates.

Why Choose XAUUSD Trend Following EA: Achieve Consistent Success

XAUUSD Trend Following EA for Metatrader 4 excels due to its robust and reliable performance. By leveraging the power of SMA crossovers, it identifies trading opportunities that other strategies might miss. Its customizable settings allow you to tailor the EA to your specific needs, whether you’re looking for aggressive growth or steady, conservative gains.
The optional Martingale strategy adds an extra layer of potential profitability, making it a versatile tool in any trader’s arsenal.

Elevate Your Trading with XAUUSD Trend Following EA

Incorporate the XAUUSD Trend Following EA into your trading strategy and experience the benefits of automated, precise, and profitable trading. With its advanced features and robust risk management, this Expert Advisor helps you achieve consistent trading success. Don’t miss the opportunity to elevate your trading game—try the XAUUSD Trend Following Expert Advisor for Metatrader 4 by KOKOSHELL today.

Expert Advisor Settings:

  1. Lot size for trades: The size of each trade lot.
  2. Take profit in points: The number of points at which a trade will automatically close in profit.
  3. Stop loss in points: The number of points at which a trade will automatically close to limit losses.
  4. Trailing start in points: The number of points in profit a trade must reach before the trailing stop mechanism is activated.
  5. Trailing stop in points: The number of points to trail the stop loss behind the current price once the trailing start is activated.
  6. Magic Number: A unique identifier for the trades placed by this Expert Advisor, used to distinguish its trades from others.
  7. Maximum total number of open trades: The maximum number of trades that can be open at the same time.

Indicator Settings:

  1. Period for the fast SMA: The period used to calculate the fast Simple Moving Average (SMA).
  2. Period for the slow SMA: The period used to calculate the slow Simple Moving Average (SMA).

Achieving success with this Expert Advisor (EA) relies heavily on understanding and correctly configuring each input parameter. The parameters allow for precise control over the trading strategy, including how trades are opened, managed, and closed. By tailoring these settings to suit your trading goals and market conditions, you can optimize the performance of the EA. Proper configuration of the Take Profit, Stop Loss, and Trailing mechanisms ensures effective risk management, while the use of indicators like SMA helps in identifying optimal entry and exit points. Understanding and leveraging these parameters correctly can significantly enhance your trading strategy and increase the likelihood of achieving consistent success.

Expert Advisor Settings:

  1. Lot size for trades: The size of each trade lot.
  2. Take profit in points: The number of points at which a trade will automatically close in profit.
  3. Stop loss in points: The number of points at which a trade will automatically close to limit losses.
  4. Trailing start in points: The number of points in profit a trade must reach before the trailing stop mechanism is activated.
  5. Trailing stop in points: The number of points to trail the stop loss behind the current price once the trailing start is activated.
  6. Magic Number: A unique identifier for the trades placed by this Expert Advisor, used to distinguish its trades from others.
  7. Maximum total number of open trades: The maximum number of trades that can be open at the same time.
  8. Close on Opposite Signal: When true, it will close the opposite type of orders when a new signal is generated.

Indicator Settings:

  1. Period for the fast SMA: The period used to calculate the fast Simple Moving Average (SMA).
  2. Period for the slow SMA: The period used to calculate the slow Simple Moving Average (SMA).

Martingale Settings:

  1. Activate Martingale: When true, the Martingale strategy will be activated.
  2. Lot Multiplier for Martingale trades: The multiplier applied to the lot size for each successive Martingale trade.
  3. Step for Martingale in points: The number of points price must move in the opposite direction before placing a new Martingale trade.
  4. Maximum Martingale Total Trades: The maximum number of Martingale trades that can be placed.

Achieving success with this Expert Advisor (EA) relies heavily on understanding and correctly configuring each input parameter. The parameters allow for precise control over the trading strategy, including how trades are opened, managed, and closed. By tailoring these settings to suit your trading goals and market conditions, you can optimize the performance of the EA. Proper configuration of the Take Profit, Stop Loss, and Trailing mechanisms ensures effective risk management, while the use of indicators like SMA helps in identifying optimal entry and exit points. Enabling and configuring the Martingale settings can help recover losses, but must be used cautiously due to the high risk involved. Understanding and leveraging these parameters correctly can significantly enhance your trading strategy and increase the likelihood of achieving consistent success.

In the latest v.5 of the expert advisor, two new input parameters have been introduced to significantly enhance risk management and trading efficiency: Daily Target Settings and Time Settings. These features provide traders with advanced control over their trading activities, ensuring disciplined and optimized trading strategies. By setting specific parameters for daily profit and loss limits, as well as defining precise trading hours, these new settings help traders achieve consistent success while minimizing risks. Below, we explore the detailed functionalities of these settings and their importance in effective trading.

Daily Target Settings

  1. Activate Max Daily Loss: This parameter enables the feature to set a maximum loss limit for the day. By activating this setting, traders can ensure that their total daily losses do not exceed a predefined threshold, protecting their capital from significant drawdowns.
  2. Maximum Daily Loss in USD: This setting defines the maximum allowable loss in USD for a single trading day. If the total losses reach this amount, the EA will stop opening new trades, preventing further losses and helping to preserve the trading account.
  3. Activate Max Daily Profit: This parameter enables the feature to set a maximum profit target for the day. Activating this setting allows traders to lock in their profits once a certain profit level is achieved, ensuring that gains are secured without the risk of market reversals eroding the profit.
  4. Maximum Daily Profit in USD: This setting specifies the maximum profit target in USD for a single trading day. Once this profit target is met, the EA will halt trading activities, thereby securing the gains for the day and preventing overtrading.

Time Settings

  1. Enable Open/Close Time: This parameter allows traders to define specific times during which trades can be opened. By enabling this setting, traders can restrict trading activities to specific hours of the day, aligning trading operations with preferred market conditions or personal schedules.
  2. Open Trades Time (HH:MM): This setting specifies the exact time when the EA is allowed to start opening new trades. It ensures that trades are initiated only during the predefined trading window.
  3. Close Trades Time (HH:MM): This setting defines the exact time when the EA should stop opening new trades. By setting a closing time, traders can avoid entering new positions late in the day or during less favorable market conditions.
  4. Enable Close All Time: This parameter activates the feature to close all open trades at a specific time. It ensures that no trades are left open beyond a certain time, thereby avoiding overnight risks or unplanned exposure.
  5. Close all Trades Time (HH:MM): This setting specifies the exact time when all open trades should be closed. It helps in wrapping up trading activities for the day and managing the risks associated with holding positions beyond the intended trading hours.

The introduction of Daily Target Settings and Time Settings in v.5 of the automated trading software represents a significant advancement in trading risk management. The Daily Target Settings allow traders to cap daily losses and secure profits, ensuring that trading activities remain within safe and predefined limits. This is crucial for preserving capital and maintaining a disciplined approach to trading. The Time Settings offer traders the ability to control trading windows, aligning their activities with optimal market conditions and personal schedules. By defining precise trading hours and ensuring that trades are not left open beyond intended periods, these settings help minimize risks associated with unfavorable market conditions and overexposure. Together, these new features provide a robust framework for achieving consistent and profitable trading outcomes, making them indispensable for traders aiming to optimize their strategies and enhance their trading success.

Install the Expert Advisor

  1. Download and Run MetaTrader 4 App
    • Visit the MetaTrader 4 official website and download the application.
    • Follow the installation instructions to set up MetaTrader 4 on your computer.
  2. Select ‘File’ from the Main Menu
    • Open MetaTrader 4 and look at the top menu bar.
    • Click on ‘File’ to open a dropdown menu.
  3. Open Data Folder
    • From the dropdown menu, click on ‘Open Data Folder.’ This action will open a new folder panel.
  4. Navigate to the ‘MQL4’ Folder
    • Inside the new folder panel, find and open the ‘MQL4’ folder.
    • Within ‘MQL4,’ locate the ‘Experts’ folder.
  5. Drag and Drop Your EA File
    • Drag and drop your Expert Advisor (EA) file into the ‘Experts’ folder.
  6. Restart MetaTrader 4
    • Close and reopen MetaTrader 4 to apply the changes and load your EA.

Verify Broker Compatibility

  • Ensure your broker supports EAs and has no restrictions on automated trading.

Backtest the EA's Strategy

  1. Open Strategy Tester Terminal
    • In MetaTrader 4, press Ctrl + R or go to ‘View’ and select ‘Strategy Tester.’
  2. Select the EA from the Dropdown
    • In the Strategy Tester panel, choose your EA from the dropdown menu.
  3. Configure the Backtest Settings
    • Select the symbol (currency pair) you want to test.
    • Choose the model (e.g., every tick) and set the date range for your test.
  4. Adjust Expert Properties
    • Click on ‘Expert Properties’ to adjust the input parameters of your EA, such as LotSize, TakeProfitPoints, and StopLossPoints.
    • For each parameter, define a Start value (initial value), a Step value (increment value), and an End value (maximum value). This allows the Strategy Tester to run multiple iterations with different parameter settings to find the optimal configuration.
  5. Run the Backtest
    • Click ‘Start’ to run the backtest. MetaTrader 4 will simulate trades based on historical data.
  6. Analyze Optimization Results
    • After the backtest completes, go to the ‘Optimization Results’ tab to review the performance metrics and results.

Set Up a Demo Account

  • Create a demo account in MetaTrader 4 to test your EA in real market conditions without risking real money.

Run the Expert Advisor

  1. Ensure AutoTrading is On
    • In MetaTrader 4, make sure the ‘AutoTrading’ button on the toolbar is activated (green).
  2. Enable Automated Trading
    • From the menu, navigate to ‘Tools’ > ‘Options’ > ‘Expert Advisors.’
    • Ensure ‘Allow automated trading’ is checked.
  3. Load the EA onto a Chart
    • Open a chart for the desired symbol and timeframe.
    • Drag and drop your EA from the Navigator panel onto the chart.
  4. Adjust Settings Based on Backtest Results
    • Open the EA settings and adjust parameters to match the optimal settings found during backtesting.
    • Set the risk parameters to align with your trading strategy and risk tolerance.

Monitor and Adjust the EA

  • Continuously monitor the EA's performance, especially in the initial phase.
  • Make adjustments as needed based on performance and changing market conditions.

Learning and Support Resources

  • Utilize forums, tutorials, and support communities to learn more about using EAs and troubleshooting issues.

Getting started with your Expert Advisor involves a systematic process of installation, backtesting, and execution. Installing the EA on MetaTrader 4 is straightforward but crucial, ensuring that the platform recognizes and can run your EA. Backtesting is an essential step that allows you to evaluate the performance of your EA against historical data, providing insights into its potential profitability and risk management. By analyzing optimization results, you can fine-tune your EA’s parameters for optimal performance. Finally, running the EA on a live chart requires enabling auto-trading and carefully adjusting settings to reflect the findings from your backtesting phase. This meticulous approach not only helps in understanding how the EA operates but also in achieving consistent and successful automated trading results. Backtesting, in particular, is vital as it helps in identifying strengths and weaknesses in your strategy, allowing for informed adjustments before risking real capital. With careful setup and continuous monitoring, your journey into automated trading can be both rewarding and educational.

7 reviews for XAUUSD Trend Following EA

  1. James

    Amazing profits! Highly recommend.

  2. Michael Johnson

    Great risk management. Could use more input parameters.

  3. David

    Consistent profits! This EA transformed my trading. Simple setup, reliable performance.

  4. John Davis

    Outstanding performance! The trend-following strategy is on point, delivering consistent gains. Setup was straightforward, and the results have exceeded my expectations. Highly recommend for any serious trader looking to enhance their portfolio.

  5. Jose

    Good performance, but limited customization. Still worth the price.

  6. Matthew Wilson

    Profitable and reliable EA! This tool has boosted my trading success significantly. The trend-following strategy is impressive, and the risk management features provide peace of mind. A must-have for anyone in the trading game.

  7. Sarah Brown

    Using this trading advisor has been a game-changer. The setup was hassle-free, and the profits started coming in almost immediately. The strategic approach it takes is impressive, and the risk management is top-tier. Trading has become stress-free and profitable. I couldn’t be happier with the results.

Only logged in customers who have purchased this product may leave a review.

What are the essential settings for the XAUUSD Trend Following EA?

The essential settings for the XAUUSD Trend Following EA include LotSize, TakeProfitPips, StopLossPips, TrailStart, TrailStop, MagicNumber, MaxTotalTrades, and CloseOnOpposite. These parameters determine the size of trades, profit and loss limits, trailing stop functionality, unique identifier for trades, the maximum number of open trades, and whether trades should close on an opposite signal. Configuring these settings appropriately ensures that the EA aligns with your trading strategy and risk management preferences.

How does the EA use Simple Moving Averages (SMA)?

The EA employs two SMAs with different periods, defined by SMAFastPeriod and SMASlowPeriod, to identify trend direction and potential trade entries. When the fast SMA crosses above the slow SMA, it indicates a bullish trend, generating a buy signal. Conversely, when the fast SMA crosses below the slow SMA, it signals a bearish trend, prompting a sell order. This crossover strategy helps the EA capture trends effectively.

How can I backtest the XAUUSD Trend Following EA?

To backtest this EA, use historical data for the XAUUSD pair in your MetaTrader platform. Configure the EA parameters as desired and run the backtest over various timeframes and market conditions. Analyze performance metrics such as profit factor, drawdown, and win rate to evaluate the EA's effectiveness. Backtesting allows you to understand how the EA would have performed historically and aids in optimizing settings for better future performance.

What role does the Martingale strategy play in this EA?

The Martingale strategy in the EA involves increasing the trade size after a loss to recover losses with subsequent trades. It can be activated with the ActivateMartingale setting. MartingaleMultiplier determines the lot size increment, while MartingaleStepPips specifies the pip step for additional trades. MaxMartingaleTrades sets the limit on the number of Martingale trades. This strategy can help recover losses quickly but also increases risk, so it should be used cautiously.

How does the trailing stop feature enhance trade management?

The trailing stop feature helps lock in profits as trades become more favorable. Once a trade reaches the specified TrailStart in profit, the stop-loss level moves to TrailStop pips behind the current price. This trailing mechanism continues as long as the trade remains profitable, securing gains while allowing the trade to benefit from further market movement. This feature is crucial for maximizing profits and minimizing risks.

How does the EA execute buy and sell orders?

The EA executes buy and sell orders based on SMA crossovers. When the fast SMA crosses above the slow SMA, the EA opens a buy order. Conversely, when the fast SMA crosses below the slow SMA, it opens a sell order. The LotSize, TakeProfitPips, and StopLossPips settings define the trade size and limits, while the MagicNumber ensures that only the EA's trades are managed. This methodical approach ensures precise entry and exit points.

How can I optimize the XAUUSD Trend Following EA for better performance?

To optimize the EA, conduct thorough backtests and forward tests using different parameter settings. Adjust the LotSize, TakeProfitPips, StopLossPips, and SMA periods to find the best combination for your trading style. Regularly monitor the EA's performance and tweak the settings based on changing market conditions. Continuous optimization helps ensure the EA remains effective under varying market dynamics.

How does the EA manage risk and trade management?

The EA manages risk by limiting the number of open trades through the MaxTotalTrades setting and using trailing stops and Martingale strategies. The CloseOnOpposite setting helps manage risk by closing trades when an opposite signal is generated. These features ensure the EA aligns with market trends and manages risk effectively, enhancing overall trading performance.

What should I do if the EA encounters errors or unexpected behavior?

If the EA encounters errors or behaves unexpectedly, check the logs in your MetaTrader platform for error messages. Common issues may include incorrect parameter settings, insufficient account balance, or broker restrictions. Review and adjust the EA settings as necessary, and ensure your trading account meets the EA's requirements. If problems persist, consider reaching out to the EA's developer for support and further troubleshooting.

How does the EA count and manage open orders?

The EA uses functions like CountTotalOrders and CountOrders to track the number of open trades. It ensures that the total open trades do not exceed the MaxTotalTrades setting. If the number of open trades is within the limit, the EA will continue to open new trades based on the strategy signals. This mechanism helps maintain control over trading activity and prevents overtrading, aligning with predefined risk management parameters.

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