GoldenNORTH

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

GoldenNORTH operates on a logic that detects breakouts of highs and lows, and only enters when the price is positioned outside the ±1σ of the Bollinger Bands at the time of the breakout.

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

However, when running the EA, if you must be in front of the chart just because of the indicators,"It's faster to do it discretionarily" is what I end up thinking.

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.

As I am also a discretionary trader, after installation,"I believe that not having discretion such as stopping operation during indicators or year-end and New Year is the essence of the EA," so I basically designed it with unattended operation in mind.

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)

For example, if the average spread during normal times is 3 pips, please set it to about 5 pips.

Breakouts of highs and lows are the key to entry

The price movements of GOLD often have many false breakouts, and just when you think it has broken out, it often returns instantly. On the other hand, it also frequently continues to move after breaking out. How can we avoid these false breakouts?

If we can determine whether the state is conducive to continuing right after a breakout, the probability of a false breakout decreases. You might wonder if such a thing is possible, but our company has gathered vast amounts of data to identify when the probability is high based on past price movements and extracted situations with over 75% reliability using probability theory.

However, in the creation of the EA, we must be able to verbalize that situation. Therefore, we used indicators to see if we could reproduce situations that match that scenario, and we also gathered vast amounts of data to find indicators that could reproduce that situation. As a result,GoldenNORTH's logic was completed based on where the price is positioned in the Bollinger Bands and only enters on breakouts of highs and lows in that situation.

Since it is a simple method, there is no need to hide it, but for data preservation purposes, numerical values are kept confidential. However, if you are a professional in technical analysis who understands the calculation formulas for FX indicators, you might be able to create the same thing.

Also, after entry, if the price exceeds a certain range, the trailing stop function is automatically activated. The SL is then adjusted just below that point, and thereafter it trails at a fixed distance. This strategy aims to chase the trend while ensuring that already gained profits are not lost.

With these two specifications,a high win rate and low-stress operation becomes possible, but this is not without its downsides.

Immediately after entering a range from a trend state, the Bollinger Bands are still influenced by the previous trend, so they may issue an entry signal. Positions entered at that time may be pulled close to the maximum SL,which could lead to larger losses.

However, even considering that, the capital transition graph from backtest data tends to remain relatively stable and on an upward trend.

I will explain this later using backtest data.

Isn't it just taking small profits to achieve a high win rate?

Many high win rate methodsuse the approach of "taking profits immediately after entry."GoldenNORTH also activates trailing and immediately closes if the price moves against it.

However, by setting the timing for activating the trailing based on the most efficient price range from past data, the maximum profit during winning trades can be nearly double that of losing trades. (This is also kept confidential for EA preservation, but you can check the trading data to see at what price range it activates and how much it raises.)

Thanks to the exquisite timing of stop losses, it can be said that there are not many EAs with a high win rate that also have larger maximum profits.

Maximum DD over 10 years is less than 10% of initial capital

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

No matter how large the final amount is, if the maximum DD during the operation period exceeds the initial capital,"If that DD 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.

GoldenSOUTH has a maximum drawdown of $898 over a 10-year backtest period with 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 significant losses during rapid price fluctuations, the amount is below 10% of the capital, making it relatively safe to operate.

However, this will vary depending on the lot size. The initial value is set to 0.08 to keep it below 10%, but if you can tolerate a risk of up to 30%, it can be raised to 0.3.

(This is not recommended. Keeping it below 10% allows for a quick recovery from any potential drawdown.)

High recovery factor

Another feature of GoldenNORTH is its high recovery factor.

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

Every EA will inevitably experience a drawdown period.

However, if the recovery factor is high, even after experiencing a drawdown, the speed of capital recovery is fast, which reduces the anxiety of wanting to stop operation.

GoldenNORTH has a recovery factor of 16.07, exceeding the standard for good EAs,"over 10 in 10 years." and an annual average of"1.47."

Profits by year

GoldenNORTH has not had any years with negative returns in the past 10 years of backtesting.

Since it does not enter on breakouts of highs and lows unless the Bollinger Bands indicate it, it has also reduced unnecessary entries. On the other hand, it has been confirmed that profits are lower in years where ranges have persisted for a long time.

Please understand that this EA is susceptible to the profit amount being influenced by whether the market is in a range or a trend during that year.

About past stagnation periods

As mentioned earlier, GoldenNORTH does not trade unless the Bollinger Bands indicate it is okay. Therefore, there have been instances in the past where it took time for capital to return during prolonged range periods.

There was a stagnation period from around 2018 to 2019 in the middle of the above image, where capital did not increase for 268 days.

Please recognize that if ranges continue in the future, similar situations may arise as one of the risks.

About pricing

GoldenNORTH is released based on another EA that underwent a 6-month pre-forward test, similar to GoldenSOUTH, with improvements made to its weaknesses. Therefore, as of the release in April 2025, there is no forward testing for GoldenNORTH.

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

Please check the special notes for pricing based on the number of units sold.

About parameters

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

- Magic number

- Lot size

- 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, you may need to input it in points. Please conduct a backtest for a short period of 2-3 months with your broker, and if there are no trades at all, please set the spread value to 10 times the number (for example, if it is 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 run it.

⅛ This EA does not guarantee future profits. Depending on future market conditions, losses greater than those in past tests may occur, so please understand.

⅛ Backtesting was conducted with a fixed spread of 3.0 pips. There is a risk that performance may deteriorate significantly with spreads above this. Please check the spread of your broker.

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