Saviour Gold Bot EA V1.0 MT4 – Trading Strategy Overview

The Saviour Gold Bot EA V1.0 is an advanced expert advisor designed specifically for trading gold on the MetaTrader 4 platform. It uses a proprietary strategy to determine optimal trade entries, providing traders with a highly automated trading experience.

---

1. Minimum Deposit:

• Recommended Minimum Deposit: $100-$500
• The minimum deposit is based on the leverage used and ensures that the account can handle the volatility and trade sizes that the EA generates.

---

2. Time Frame:

15-min, 30-min, 1-hour (Recommended for stable results)

---

3. Currency to Run:

• Preferred Currency Pair: XAU/USD (Gold/US Dollar)
• The EA specializes in trading XAU/USD, capitalizing on the fluctuations in gold prices.
• It’s important to ensure that the account is set up for trading gold with adequate spreads and liquidity.

---

4. Trading Strategy – How the EA Takes Trades

The Saviour Gold Bot EA V1.0 uses a multi-layered strategy based on technical analysis and market trends to decide when to open and close trades.

 

Key Components of the Strategy:

• Trend Identification: The EA detects market trends using a combination of moving averages and volatility indicators. It will only enter trades in the direction of the prevailing trend.
• Signal Confirmation: The EA looks for price action patterns, RSI (Relative Strength Index), and MACD crossovers to confirm potential entry points.
• Risk Management: The bot uses dynamic stop-loss and take-profit levels that are adjusted based on market volatility and trade duration. This ensures optimal risk-reward ratios while minimizing drawdowns.
• Trade Volume Adjustment: The EA adapts the position size based on the available account balance, ensuring consistent lot sizes that suit your risk tolerance.
• Entry Points: The EA is designed to enter trades when a combination of market conditions aligns, including:
  • MACD Crossovers: A shift in momentum is detected, prompting an entry.
  • RSI Overbought/Oversold Levels: The EA trades on reversal points or trend continuation.
  • Breakouts: If the price breaks through key resistance or support levels, the bot will initiate trades.
• Exit Strategy: The exit points are defined by:
  • Pre-set Take Profit (TP) levels or trailing stops to lock in profits.
  • Market Condition Change: If the trend reverses or the market conditions shift, the EA will close the trade to minimize losses.

---

Key Features to Enhance Trading Performance:

• Time-Based Filter: Trades are executed only during specific market hours to avoid high-volatility periods.
• Scalping and Swing Trading: The EA can be optimized for different trading styles, including scalping for small, frequent profits and swing trading for longer positions with higher risk/reward ratios.

---

By understanding these key aspects—Minimum Deposit, Time Frames, Currency Pair, and the EA’s Strategy for Trade Execution—you can maximize the potential of the Saviour Gold Bot EA V1.0 MT4 and tailor it to your trading needs.