Golden Bulls GOLD EA MT4 with SetFiles (Terminal 1421+)

What is Golden Bulls GOLD EA?

Golden Bulls GOLD is an automated trading Expert Advisor (EA) focused on scalping XAUUSD (gold) on the M1 timeframe with a minimum deposit of $300. The advisor boasts a unique strategy with custom indicators for managing stop losses without taking profits while still achieving high performance in the volatile forex market.

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Golden Bulls GOLD Overview

About the author

This product is compiled by Armin Heshmat
This Latvian author has more than 6 years of experience working on MQL5 and created 6 products, famous products such as Golden Bulls GOLD, Bitcoin Machine, Pegasus Pro, and others.
Among them, Golden Bulls GOLD is his most famous product.

>>> See more: Greedy Golden MT4

Golden Bulls GOLD EA Features

1. Main features:

• Custom indicators: Utilizes proprietary indicators, not standard market indicators, for strategy development.
• Multi currency: Can be used with various currency pairs (not just XAUUSD).
• Fast trades: All trades close within one minute.
• Professional risk management: Avoids risky Martingale and Grid strategies.
• Near Stop Loss: Employs a tight Stop loss (SL) with a dynamic trailing mechanism.
• No Take Profit: Relies on the trailing Stop loss (SL) for profit taking.

2. Additional features:

• Backtesting quality: Claims 99.9% backtesting quality (verification recommended).
• Low spread: Designed for ECN accounts with spreads ranging from 5 to 13 pips for XAUUSD (gold).

Outstanding features of Golden Bulls GOLD

Outstanding advantages and trading strategies to note

1. Advantages:

• The strategy is profitable due to its low spread requirements and customizable indicators.
• Scalping can be suitable for scalpers or day traders.
• Multi currency support provides flexibility.
• Tight Stop loss and trailing mechanisms can limit losses.

2. Important notes:

• Requires an ECN account with low spreads.
• Test the strategy on a Demo account before trading live.
• Risk management is essential: adjust lot sizes based on your risk tolerance.
• News integration: Uses a web request to access an economic news calendar (http://nfs.faireconomy.media/ff_calendar_thisweek.xml).

Golden Bulls GOLD EA MT4 Review

Golden Bulls GOLD offers professional and less experienced traders a particularly effective Gold trading advisor. Because this Expert Advisor (EA) is integrated with advanced and safe trading features. At the same time, this advisor has also passed long-term testing.

The backtesting test trading results of Golden Bulls GOLD show unlimited profit potential in the future. The test capital of $200 and after 8 months (2024) of continuous trading gave a total profit of $4200 and a Maximum drawdown risk of 10.8%. These results show safety and stable performance in the long term, making Golden Bulls GOLD a great automated trading tool.

Performance metrics:

• Test capital: $200
• Backtesting period: 8 months (2024)
• Total profit: $4200
• Maximum drawdown: 10.8%

Golden Bulls GOLD Backtest Results

Golden Bulls GOLD EA Backtest Results

Recommended Settings

Recommended settings and parameters to pay attention to from developers and experts:

>>> Reviewed by David Easton

What’s in the package?

• Experts: Golden Bulls GOLD_fix.ex4
• Presets: AutoLot_Normal risk.set

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