Description

Dark Gold EA: A Plain-English Guide to Setting Up, Testing, and Trading

Dark Gold EA — The Complete Guide to Settings, Strategies, and Risk Control

Table of Contents

1. What Is Dark Gold EA?
2. Key Features You Should Know
3. Trend-Following vs. Counter-Trend Modes
4. Chart Timeframes and Symbols
5. Getting Started: Installation Checklist
6. Detailed Parameter Walk-Through
   • Money Management Settings
   • Indicator Settings
   • Manual Support & Resistance
   • Trading Hour Filter
7. Recommended Broker, VPS, and Hardware Setup
8. Building a Personal Strategy
9. Risk Control Tips
10. Back-Testing and Forward-Testing Steps
11. Common Mistakes and How to Avoid Them
12. Frequently Asked Questions
13. Final Thoughts

What Is Dark Gold EA?

Dark Gold EA is a fully automatic Expert Advisor designed for scalping on Gold (XAUUSD), Bitcoin (BTCUSD), EURUSD, GBPUSD, and other major pairs. The robot takes trading signals from the Dark Support Resistance indicator, yet owning that indicator is not required because the logic is built into the EA.

The software can run in two main modes:

• Trend-Following – opens market orders in line with the prevailing direction.
• Counter-Trend – opens positions against the most recent price swing.

Every setting is visible in the inputs panel, so you can adapt the robot to your own approach instead of relying on fixed presets.

Key Features You Should Know

Trend-Following vs. Counter-Trend Modes

Quick tip: If you are not sure which mode to start with, run back-tests on both, then pick the one that shows the lower drawdown for your symbol.

Chart Timeframes and Symbols

• The author suggests M5, M15, H1 and even higher.
• Always match your test timeframe to the timeframe you plan to trade live.
• Gold and Bitcoin often need wider Max Spread settings compared with EURUSD.

Getting Started: Installation Checklist

1. Open MetaTrader 4 or MetaTrader 5.
2. Drop Dark Gold EA on your preferred chart.
3. In the Common tab, tick Allow live trading and Allow DLL imports if prompted.
4. Set the Magic Number to something unique (e.g., 20240101).
5. Adjust Max Spread to match your broker’s typical spread.
6. Save your template so you can load the same layout on other charts quickly.

Detailed Parameter Walk-Through

Money Management Settings

• Lots – Fixed size per trade when Money Management is off.
• Money Management – True turns on percentage-based sizing.
• Risk Percent – Example: 2.0 means 2 % of account balance at risk each trade.

Simple rule: Keep risk per trade below 3 % until you have at least three months of forward data.

Indicator Settings

• Enable Dark Support Resistance – True activates the internal indicator.
• Dark Support Resistance Periods – The larger the value, the smoother the levels.
• Enable Support Levels / Enable Resistance Levels – False means only one side will generate signals.
• Enable Level 1 (and others) – Every level acts like an extra filter. Start with Level 1 only, add more when confident.
• Strategy to Use – Choose between Trend or Counter (exact wording may vary).
• Dark Support Resistance Timeframe – Set to match or exceed your chart timeframe.

Manual Support & Resistance

• Enable Manual Support and Resistance – Turn on if you prefer fixed price levels.
• Manual Support / Manual Resistance – Enter actual prices, for example 1925.00 and 1950.00 on Gold.
• Manual Strategy to Use – Decide trend-following or counter-trend for these static levels.

Tip: Manual levels work well for major economic release days when you already have key zones planned.

Trading Hour Filter

• Enable Time Filter – True lets the EA trade only during your stated hours.
• Trading Start Hour / Minute – For example 08:00 server time.
• Trading Stop Hour / Minute – Example 20:00 server time.
• Close Out of Hours – True closes open trades when outside the window.

Example: London-New-York overlap (12:00–16:00 GMT) often provides the most liquid session for Gold.

Recommended Broker, VPS, and Hardware Setup

1. ECN Broker: A venue with tight spreads on Gold and crypto pairs.
2. Low Latency VPS: Aim for < 5 ms ping to your broker’s server.
3. Leverage and Deposit: Directly linked to your strategy. Many traders start with 1 : 100 on Gold and keep at least 1 000 USD in the account to avoid margin calls.

Building a Personal Strategy

Step-by-step outline:

1. Read the User Manual supplied with Dark Gold EA.
2. Back-test on your symbol and timeframe for at least 3–5 years of data.
3. Pick One Mode (trend or counter) to avoid mixing signals at first.
4. Run Forward Test on a demo account for two weeks.
5. Check Trade History: Look for average win, loss, drawdown.
6. Tweak One Setting at a Time: For example, lower Max Spread or adjust Risk Percent.
7. Move to Small Live Account only when satisfied with demo results.

Risk Control Tips

• Avoid trading during major rate decisions without a time filter.
• Keep Max Spread low (below 30 points on Gold if your broker’s quote uses 3-digit points).
• Close all positions before weekend gaps if your broker has wide crypto spreads.
• Use a Trade Journal in a spreadsheet to record Magic Number, lot size, reason for any manual action.

Back-Testing and Forward-Testing Steps

1. In MetaTrader, open Strategy Tester.
2. Choose Every Tick model for precise results.
3. Load at least 90 % quality data on Gold and Bitcoin.
4. Export the report and look for:
   • Profit factor above 1.3.
   • Drawdown under 20 %.
   • Consecutive losses not larger than your mental stop.
5. For forward tests, run the EA on a demo VPS for 30 days, then compare live results to the back-test curve.

Common Mistakes and How to Avoid Them

Frequently Asked Questions

Q: Do I need the Dark Support Resistance indicator?A: No. Dark Gold EA already includes the logic. The separate indicator is optional for chart display.

Q: Which timeframe works best?A: M15 on Gold is a common starting point, but test H1 if you prefer fewer trades.

Q: Can I run multiple charts at once?A: Yes, give each chart a unique Magic Number.

Q: How big should my VPS be?A: 1 vCPU, 1 GB RAM is enough for one MT4 terminal, but 2 GB is safer if you run many EAs.

Q: Is this legal in prop firms?A: Check the prop firm’s rules. Some do not allow grid or martingale tactics, which Dark Gold EA does not use by default.

Final Thoughts

Dark Gold EA offers a clear framework to automate scalping on Gold, Bitcoin, EURUSD, and GBPUSD. Thanks to its open settings and the choice between trend-following and counter-trend methods, the Expert Advisor adapts to many trading styles. Stick to a small risk percent, keep spreads under control, and document every change you make. If you have questions or feedback about using Dark Gold EA in real-time conditions, leave a comment or reach out through our contact page.

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