Gold Cycle Trader EA Free Download

The Gold Cycle Trader EA is a specialized Expert Advisor designed for automated trading in the volatile gold (XAUUSD) market. The MetaTrader 4 (MT4) robot uses an advanced automated trading system which implements an automated trading system that merges two trading strategies to generate profits by using a special system for pending order traps which detects gold price changes.

The EA uses a more strategic method than most high-risk grid or martingale robots. The system evaluates market conditions through its established system which combines Price Action with Cycle Strength and SMA strength and RSI and its proprietary indicators. The EA develops its market entry plan after it detects a potential market movement. The system establishes Buy Stop and Sell Stop pending orders which are positioned above and below the current market price to create a trap which breaks out at a new price level. The trade starts when the price increases and activates the order. The EA cancels the pending order when momentum stops because it wants to protect itself from false market entry points which decrease potential losses.

The automated gold trading system uses three main components which determine its operational structure.

Weekly Gold Levels: The unique visual tool shows minimum and maximum weekly price levels on the chart which function as dynamic support and resistance zones that traders can use for both automated and manual trading.

Advanced Risk Management: The system provides three different risk modes which operators can choose from while its auto-lot sizing system calculates position sizes based on current account balance.

Comprehensive Market Filters:

News Filter: The system stops all trading activities during a 60 minute period which starts before and ends after major economic news events because these events lead to unpredictable market behavior which causes slippage.

Spread Filter: The system blocks any trade execution when broker spreads increase past the established maximum limit.

The trading system enables transactions to occur only during designated trading periods while it requires traders to demonstrate sufficient market activity before their trades can proceed.

The EA is designed to work with XAUUSD (GOLD) and XAUEUR currency pairs on H1 (1-hour) time intervals but its settings can be modified. The system requires an ECN-type broker with consistent low spreads because its order execution and order modification system depends on rapid broker execution times. To achieve uninterrupted operation throughout the day it is essential to run the software on a Forex VPS that has minimal latency.

Critical Risk Warning & Disclaimer: Trading Forex and Gold (XAUUSD) carries extreme risk which can lead to complete financial loss for traders. The information in this EA description presents the publisher's claims which serve only as informative content. The process of automatic trading develops extra threats that originate from technical problems and internet connection failures and the need for strategy updates. 
You must:

Only trade with money you can afford to lose completely.

Thorough testing of this EA system requires multiple weeks of demonstration testing on a DEMO account to achieve complete understanding of its operational principles and maximum drawdown limits and its current market performance capabilities.

You must attain complete understanding that any displayed past performance through backtesting results does not guarantee upcoming results.

Both your broker and your virtual private server (VPS) setup must meet the requirements for algorithmic trading while your equipment must operate without any faults.

The file exists here as an educational material from ForexCracked.com which people can use for testing purposes.

Note: The download package usually contains the Gold_Cycle_Trader.ex4 file. Users should always run antivirus programs on downloaded files from outside sources and they should only install software which comes from reputable vendors.