Professional Advisor for XAUUSD (Gold)
Developed by Eriksson Programs
✅ 1) BASIC SETUP (LIVE TRADING)
✅ 2) BACKTESTING SETTINGS (IMPORTANT)
Right tester settings are important for practical outcomes.
Beneficial Check Interval (Longer = Higher)
📌 The longer the check interval, the higher.
Most brokers present good gold information from 2018 → Current
For optimum high quality historical past, you should utilize Dukascopy M1 information, which is dependable again to 2006
Lengthy-term testing is strongly advisable since gold behaviour adjustments over time and consists of many alternative market cycles.
Beneficial Modeling Technique
📌 1 Minute OHLC (Open/Excessive/Low/Shut)
Do NOT use:
Each Tick
Actual Tick Information
Purpose: tick information usually incorporates incorrect spreads, gaps, and differs between brokers.
Gold Atlas is designed to course of logic on new M1 candle openings, so tick testing offers no benefit.
⚠ If Your Backtest Appears Completely different Than EA Web page Outcomes
That is often attributable to:
incorrect dealer unfold/fee information in tester
low-quality historic feed
utilizing tick modeling as a substitute of M1 OHLC
Additionally advisable:
📌 Backtest utilizing threat primarily based on Beginning Steadiness / Fastened Steadiness
(not equity-based), to get a clearer view of the system’s true efficiency.
✅ 3) MAGIC NUMBER & COMMENT
All the time use a distinctive Magic Quantity
If utilizing a number of EAs, every EA will need to have a distinct magic quantity
Prop companies: use a customized commerce remark (non-obligatory however advisable)
✅ 4) RISK SETTINGS
Fastened lot measurement is not advisable.
Gold volatility adjustments closely, and Gold Atlas adapts routinely:
Prop companies:
📌 Low threat advisable
Portfolio use (a number of EAs):
📌 Use guide threat and equal weighting (instance: 1% per EA)
✅ 5) ENTRY MODELS (IMPORTANT)
Gold Atlas consists of a number of entry fashions.
Every mannequin has a distinct commerce frequency.
📌 Beneficial (Finest Diversification):
Hold ALL entry fashions enabled.
This enables Gold Atlas to seize:
Decrease Commerce Frequency Choice
If you need fewer trades and fewer publicity, you may disable:
Disabling Entry Mannequin 1 will scale back the variety of trades considerably.
🛡 6) DAILY DRAWDOWN PROTECTION (PROP FIRMS)
📌 Beneficial: Allow Each day Drawdown Safety (Prop Companies)
Set max day by day loss under your prop agency restrict.
Instance: if prop agency permits 5% day by day loss → set 4%.
This characteristic will shut all trades (together with different EAs) to guard the account.
📅 7) FRIDAY CLOSE OPTION
Allow provided that:
your prop agency doesn’t permit weekend holding
you need weekend hole safety
you need diminished weekend publicity and swap prices
💰 8) MINIMUM BALANCE
📌 Minimal advisable stability: $500
Nonetheless, in periods of very excessive gold volatility:
📌 Beneficial stability: $1000+
(for safer margin ranges and smoother efficiency)
✅ QUICK RECOMMENDED SETTINGS (BEST DEFAULT)
✔ XAUUSD
✔ M30 timeframe
✔ Low threat (prop companies)
✔ All entry fashions enabled
✔ Each day DD safety = ON (prop companies)
✔ Backtest utilizing 1 Minute OHLC
✔ Check interval so long as potential (2018+ or Dukascopy again to 2006)
✔ Distinctive magic quantity per EA
DISCLAIMER
Buying and selling entails threat. Gold Atlas can expertise shedding durations. Previous outcomes don’t assure future efficiency. All the time check on demo and use correct threat settings.
