GoldenEAST

It's better to have no discretionary elements when running an EA

GoldenEASTisa method that uses logic based on the Hull moving average to recognize the environment on the hourly chart and takes timing on lower time frames to make entriesas its foundation.

Therefore, technical analysis is fundamental, but it is necessary to be cautious about indicators and such.

However, when operating the EA, if you have to be in front of the chart just because of the indicators,"It's faster to do it discretionarily"is what I would think.

Taking that into account, by adding restrictions to the logic to allow for as much unattended operation as possible, I eliminated the need to manually stop the EA.

Since I am also a discretionary trader, after installation,"there is no discretion such as stopping operation during indicators or year-end and New Year"is what I believe is the essence of the EA, so it is basically designed for unattended operation.

Measures against major indicators

Even though there are restrictions on the logic, if the spread widens significantly during major indicators, the win rate will indeed drop significantly.

To address this, a spread filter is included.

Please set it to about 1.5 times the average spread of your broker. (Initial value 8 pips)

Example: If the average spread during normal times is 3 pips, please set it to about 5 pips.

Assessing GOLD's intense volatility with larger time frames

GOLD is a CFD that regularly experiences significant pullbacks even during trends. Therefore, if you enter on a break of a short time frame, you may easily get caught by the SL and feel frustrated when it moves in your favor after being cut.

Thus, I conduct environmental recognition on a larger hourly chart and only make entries on lower time frames to eliminate such false signals as much as possible and select combinations of logic to enter at high probability locations.Environmental recognition on the hourly chart utilizes the "Hull moving average", so it is necessary to add one indicator for the operation of the EA.

Additionally, after entry, the trailing stop function is automatically activated. Under the environmental recognition using the Hull moving average on the hourly chart,this is the average value of the price range that tends to extend relatively once, and the trailing stop is activated slightly below that average value. Therefore, it allows for profit-taking before the price reverses, adopting a strategy of withdrawing even small profits without incurring losses as much as possible.

This allows fora high win rate and low-stress operation. In the image below, there are 17 wins and 1 loss, with the maximum consecutive wins over 10 years being 30. On the other hand, the maximum consecutive losses are up to 4, and it has been confirmed that losses can be recovered relatively quickly.

However, if the price moves against the direction of the hourly chart, it may be pulled close to the maximum SL,resulting in larger losses. This is a tactic close to the so-called "slow and steady wins the race," but by limiting the "maximum value of the big loss," it differs from the discretionary slow and steady wins the race that has no limit on losses,making it a strategic method with low bankruptcy risk.

I will explain this using backtest data later.

The secret to an over 82% win rate without averaging down

Many methods claiming a win rate of over 80% are averaging down types, while the rest are"methods that take profits immediately after entry". GoldenEAST falls into the latter category of taking profits immediately, but what I want you to focus on is the average amounts of wins and losses.

The average win amount for GoldenEAST is $51, while the average loss amount is $160, which means that approximately three wins can be lost in one loss. However, since the win rate exceeds 80%, theoretically, in five matches, it would result in 4 wins and 1 loss, leaving one win amount in hand.

In a typical slow and steady wins the race, all of those win amounts would be lost, leading to bankruptcy, but in GoldenEAST's limited big loss, one win amount remains in hand. That said, I believe theoretical values are just that, so let’s look at the maximum drawdown next.

The maximum drawdown over 10 years is below 10% of the initial capital

When operating the EA, what you should be concerned about is what percentage the maximum drawdown is of the initial capital.

No matter how large the final amount is, if the maximum drawdown during the operation period exceeds the initial capital,"if that drawdown period occurs at the beginning of the operation, it will result in a total loss without mercy". This is a particularly important aspect to consider when choosing an EA.

GoldenEAST has a maximum drawdown of $941 over a 10-year backtest period against an initial capital of $10,000,indicating that the drawdown has remained below 10% of the capital throughout the entire period. In other words, while there may be occasional large losses in a slow and steady wins the race, that amount is below 10% of the capital, making it relatively safe to operate.

High recovery factor

Another feature of GoldenEAST is its high recovery factor.

The recovery factor refers to"the ability to recover back to the original after experiencing a drawdown".

EA will inevitably experience drawdown periods.

However, if the recovery factor is high, even if a drawdown occurs, the speed of capital recovery is fast, reducing the anxiety that makes you want to stop operation.

GoldenEASThas a recovery factor of 21.10, which greatly exceeds the standard for good EAs of"10 or more in 10 years", and even the annual average is"1.93".

Profit by year

GoldenEAST has had no negative years in the past 10 years.

However, it is not good at years with many ranges due to conducting environmental recognition on the hourly chart. Instead, in years where trends were strong, it has generated significant profits to compensate for that. Recently, it has proven to be strong in trending markets, with nearly $2,000 in profit (0.1 lots) generated just from April to May 2024.

About past stagnation periods

As mentioned earlier, GoldenEAST is strong in trends but not in ranges. Therefore, there have been periods in the past where capital has not increased at all during price stagnation.

Around 2017, near the middle left of the above image, there was a somewhat larger drawdown period, and it took 235 days to surpass the previous highest point of capital.

Please recognize that similar situations may occur depending on the future GOLD market, as one of the risks.

About pricing

GoldenEAST is released based on another EA that underwent a 6-month pre-forward test, improving its weaknesses. Therefore, as of the release in March 2025, there is no forward test for GoldenEAST.

Considering that, the release price starts at about half of the original offering price, and it will increase with every 10 units sold. Additionally, it will ultimately be incorporated into a comprehensive EA with multiple logic bundled as a portfolio EA, so single sales will stop at 80 units.

Special notes also display prices based on the number of sales, so please check that as well.

About parameters

Regarding the parameters that can be set, since the logic is public, to consider the possibility of duplication,

- Magic number

- Lot

- Maximum allowable spread

are limited to these three. Thank you for your understanding.

Cautions

⅛ Regarding the setting of the allowable spread value, depending on your broker, it may be necessary to input in points. Please conduct a backtest over a short period of 2-3 months with your broker, and if there are no trades at all, please set the spread value to ten times the number (for example, if 8 pips, input "80.0") and try again. If trades occur in the backtest with this procedure, please change the spread value after installing the EA on MT4 and operate it.

⅛ This EA does not guarantee future profits. Depending on future market conditions, there may be losses exceeding past tests, so please understand.

⅛ The backtest was conducted with a fixed spread of 3.0 pips. There is a risk that performance may significantly worsen with spreads exceeding this. Please check the spread of your broker.

⅛ This EA does not have a function to automatically adjust currency pairs and time frames. Please ensure it is set to the 1-hour chart of GOLD or XAUUSD from your broker.

⅛ This EA requires the "Hull moving average" indicator. It is included at the time of download, so please place it in the "indicator" folder of the MQL4 folder.