Most robots are focused on working with currency pairs. Happy Gold EA is an exception to the rule, the EA works only with precious metals. It cannot be called a novelty, but after optimization the robot showed an excellent result! Read the detailed report below. You can download the robot at the end of the article. Go!
Trading advisor characteristics
Currency pairs: XAUUSD, others failed to get a stable result
Timeframe: М30, Н1, Н4
Robot type: works according to the levels built using the modified “ZigZag” indicator
Working time: no limits
How Happy Gold EA works
The zigzag indicator highlights extremes, and levels are built on them, behind which pending orders are placed.
Trading uses a fixed stop and take profit, and TP is several times greater than the potential loss. The robot knows how to trawl trades, getting the most from each trade.
Happy Gold EA Settings
The algorithm is very simple, so the trading robot has few settings:
- Magic – do not change this number, the robot uses it to separate its orders from others;
- Risk – transaction volume as a percentage of capital;
- FixLot – this lot is used when working with a fixed volume. In this case, set the Risk field to 0;
- Trailing Stop – at what distance the stop loss will follow the price. There are two of them – main and auxiliary, set both trawls the same;
- Stop Loss, Take Profit – stop and take profit in points.
Among the shortcomings, I note the lack of zigzag settings. This reduces the possibilities for optimizing a trading robot.
Each Expert Advisor has drawbacks, but their impact is negated due to portfolio trading. I recommend starting with our set of 5 free advisors. This portfolio is the result of hundreds of hours of searching and optimization, advisors were selected from 4300 free robots, optimized and only then included in the TOP. To get them you just need to leave an email using the link below.
The test was carried out from the beginning of 2019 to September 2020. First, let’s check the standard settings on all recommended time frames.
Trading on large timeframes is more stable, but the gain is still too small. Average monthly capital gains are less than 1%.
Optimization opportunities are limited, but profit was still increased. After optimization for the period from January to September 2019, the robot provided a capital gain of 76.25%. However, the drawdown also increased and amounted to 40.86%. Overall, Happy Gold EA left a good impression. It is based on a very simple idea and can still work profitably even with standard settings. After optimization, it can be considered as a candidate for inclusion in the robots portfolio.