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      Suggestion papa Gold EA ....

      Hi WHale, I saw your signal and I think it's good so far. But I also have some questions about your EA.
      1. Can you briefly explain what strategy the EA use?
      2. I found that your signal opened an increased lot trade every 10 pips, if it goes in the opposite direction. So, does the EA works with virtual stoploss or any other measure, because it is quite dangerous if news impact, the price could surge or plunge 100pips.
      3. The Expert advisor return is quite low, maybe can aim for 5% to 10% per month?
       
      blackking said:
      Hot topic discussion, looks promising
      keep in touch to monitoring the progress.
      Click to expand...

      Thanks brother .....

      I always appreciate your comments as one of the most respectful member of this forum .....

      papa Gold is a powerful EA but I still got a lot of tricks up my sleeves to make it even more profitable .....

      I hope the good people of this forum to benefit by copying the signal at a cheap price and start to make money instead of being fooled by scammers .....

      Anyone in doubt, track the forward testing of the EA .....

      Soon it will appear on a real account for your assurance .....

      I have spoken .....
       
      Jeffrey1127 said:
      Hi WHale, I saw your signal and I think it's good so far. But I also have some questions about your EA.
      1. Can you briefly explain what strategy the EA use?
      2. I found that your signal opened an increased lot trade every 10 pips, if it goes in the opposite direction. So, does the EA works with virtual stoploss or any other measure, because it is quite dangerous if news impact, the price could surge or plunge 100pips.
      3. The Expert advisor return is quite low, maybe can aim for 5% to 10% per month?
      Click to expand...

      Hi

      1. papa Gold is based on a sophisticated manual trading strategy which contains 12 criteria factors that must be met to open a trade.
      In a nut shell, it based on a flat price algorithmic recognition system which takes into consideration a lot of factors to enter the market with a laser sharp accuracy ....
      It's definitely not a "hit or miss" erratic EA like a lot of free and commercial robot out there .....

      2. A particular part of the EA does work with a sophisticated martingale approach which increases the lot in the direction of the trend .....
      Again, it's not like other EAs which use the martingale in the opposite direction of the market hoping for the price to come around in their favor ....
      Do you see anything dangerous while watching the EA performance cause I don't .....
      papa Gold has a news filter implemented by the coder .....

      3. The expert adviser return is quite low ?
      Did you see the initial deposit of the demo account ....
      Please redo your math .....
      The two present versions of the EA are plus 6 regarding the profit factor which is going up every day of trading .....

      It can easily make much more than 5 -10% monthly .....
      My aim is to make anything between 20 -40 % on a monthly utilizing an extremely low DD which is one of my main concerns when it comes to algo trading ....

      Thanks for your interest .....

      Cheers

      P.S As I am writing these comments, papa Gold Pro made 8 consecutive wins and raised the profit factor to 6.39 ....
       
      It was a rough trading week but the bots did quite well ....

      papa Gold EA

      Trades : 293
      Profit factor : 6.26

      papa Gold Pro EA

      Trades : 431
      Profit factor : 6.42

      Working on the third edition of the EA :
      papa Gold Premium which will be a vast improvement hopefully .....

      Have a nice weekend .....
       
      Plenty of volatility in GOLD trading today. The lot sizes went up quite high. The drawdown was about 6%. I suppose for a large account that was fine. I am not sure how well a smaller account would have handled the drawdown.
       
      OFF THE TOPIC :
      I need a broker which displays gold price in 3 digit (xxxx.xxx)instead of 2 digits (xxxx.xx).
      I found one Broker Exness but I am not quite comfortable with that one looking for an alternative. Can someone help me find one.

      TO be clear I want one shone in pic.

      Regards
       

      Attachments

      • XAU 3 digit.jpg
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      pipmenow said:
      Plenty of volatility in GOLD trading today. The lot sizes went up quite high. The drawdown was about 6%. I suppose for a large account that was fine. I am not sure how well a smaller account would have handled the drawdown.
      Click to expand...

      absolutely right ....

      But after all it's just a demo account which is purpose mainly to test the EA to extreme limits ....

      I'll try to cool things down and most importantly to announce my real account performance ....

      Cheers
       
      Ekram Adil said:
      OFF THE TOPIC :
      I need a broker which displays gold price in 3 digit (xxxx.xxx)instead of 2 digits (xxxx.xx).
      I found one Broker Exness but I am not quite comfortable with that one looking for an alternative. Can someone help me find one.

      TO be clear I want one shone in pic.

      Regards
      Click to expand...

      Why ?
       
      Ekram Adil said:
      OFF THE TOPIC :
      I need a broker which displays gold price in 3 digit (xxxx.xxx)instead of 2 digits (xxxx.xx).
      I found one Broker Exness but I am not quite comfortable with that one looking for an alternative. Can someone help me find one.

      TO be clear I want one shone in pic.

      Regards
      Click to expand...

      I'am using GK Invest for 3 digit broker.
       
      Last edited:
      Ekram Adil said:
      I am testing an EA which works well on 3 digits broker with some tweaks. So far its working well, and is profitable. I have been testing it on a Exness demo account need to check it on a live ac now.
      Click to expand...

      Aha I see ....

      Good luck my friend :-)
       
      Ekram Adil said:
      They seem to support MT5 only, need one with MT4.
      Click to expand...

      On a side note I have a profitable EA which is mt5 but till now I can't test it ....

      Seems that the demo mt5 platforms doesn't work or are distributed with restricted functions ....
       
      m3svcs said:
      Hello Whale

      You mentioned the subscription will be priced 'dirty' cheap, could publish an indicative quote per month how much it would cost?

      When pricing kicks in, will demo accounts be charged too?

      I'd hope the signal will be continuously updated, revised and optimised to take adapt to the ever changing market conditions over time.

      Thanks in advance.
      Click to expand...

      Hello Whale

      Is the signal ready to launch anytime?

      If you run the signal from OctaForex, can I use your paid (not the free one which I'd presume may be pulled out soon) signal from FBS?

      Thank you very much.
       
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