Gold Galaxy Express EA (Free) By :

Free EAs

Description

Gold Galaxy Express EA Backtest Graph Auto Lot

Gold Galaxy Express EA Backtest Statistics Auto Lot

Gold Galaxy Express EA Backtest Graph No Auto Lot

Gold Galaxy Express EA Backtest Statistics No Auto Lot

Target Currency Pair and Timeframe

The target currency pair is XAUUSD (Gold/US Dollar).
The timeframe used is 1-hour.

This EA can be operated with a small amount of capital, starting from as little as $50. It includes a compounding feature designed to efficiently grow assets over time. By emphasizing risk management, it aims for stable, long-term returns.

Main Features of the EA

This EA focuses on risk management and is equipped with features that aim for solid and efficient profit generation. Below are its main characteristics:

• No Martingale & No Grid Trades: It does not employ high-risk Martingale or Grid strategies. Every position is protected by a stop loss, which avoids excessive risks and ensures stable trading.
• Compounding Feature: It can automatically adjust lot sizes based on account equity, enabling compounding. This allows efficient capital growth and the potential for significant profits even starting with a small amount.
• Breakout Detection: Equipped with a trading logic that captures market breakouts. It can adapt to both long and short positions, maximizing profit opportunities.

Overview of the Trading Strategy

This EA uses specific indicators to detect market breakouts and execute entries and exits.

Logic Overview

• Indicators Used: Bulls Power, Bears Power
• Entry Conditions: Long entries are generated based on specified conditions that produce buy signals, while short entries mirror these conditions to produce sell signals.
• Exit Strategies: Utilizes trailing stops and ATR-based stop losses. By employing diverse stop-loss methods, it minimizes risk while maximizing profits.

Parameter Settings

Money Management Parameters

This EA includes flexible money management features to optimize lot size and reduce risk.

• “Use Money Management” parameter:
  Setting this to true enables the EA to automatically adjust lot sizes according to account balance.
  If set to false, trading will be conducted at a fixed lot size specified by “mmLotsIfNoMM”.
• “mmRisk Percent” parameter:
  When “UseMoneyManagement” is set to true, this parameter adjusts risk based on a percentage. A recommended value is around 0.5–2.0%.
• “mmDecimal” parameter:
  When “UseMoneyManagement”: true is enabled, this parameter defines the decimal precision for lot size adjustments.
  Setting it to 1 adjusts to one decimal place (e.g., 0.1 → 0.2), while setting it to 2 adjusts to two decimal places, making it compatible with many brokers that handle XAUUSD.
• “mmMaxLots” parameter:
  Specifies the maximum lot size available. The lot size will not exceed this value.

Exit Settings Under Specific Conditions

Flexible settings are available to avoid risk at the Friday market close.

• ExitOnFriday: Determines whether to close all positions on Friday.
• FridayExitTime: Allows setting the Friday close time in 24-hour format to reduce market risk.

Conclusion

This EA is designed to capture breakouts in the XAUUSD market and aims for long-term profitability while controlling risk. By combining multiple trading logics and money management functions, it is suitable for traders of all levels, from beginners to advanced users. Starting with a small amount of capital and leveraging compounding, it provides support for efficient asset growth over time.