Description

Goldminer AI EA V1.1 MT4 For Build 1420+: Revolutionizing Forex Trading

AI-Powered Forex Trading: Discover Goldminer AI EA V1.1 MT4 For Build 1420+

Table of Contents

1. Introduction
2. Understanding Goldminer AI EA
3. Key Features
4. How It Works
5. Currency Pairs and Timeframes
6. Customization Options
7. Recovery Mode and Trailing Profit
8. Backtesting Results
9. Getting Started

Introduction

The forex trading landscape is constantly evolving, and staying ahead of the curve is crucial for success. Enter Goldminer AI EA V1.1 MT4 For Build 1420+, a cutting-edge Expert Advisor that combines artificial intelligence with traditional technical analysis to predict market movements and maximize profits.

Understanding Goldminer AI EA

Goldminer AI EA utilizes a complex algorithm that leverages artificial intelligence alongside traditional technical analysis. This innovative approach allows the EA to make accurate predictions about market movements, giving traders a significant edge.

One of the standout features of Goldminer AI EA is its revolutionary recovery mode. This mode splits each entry into several smaller trades and closes them one by one with profits gained from other trades. Additionally, the EA employs a new mechanism that maximizes profit through the use of trailing pending orders.

Key Features

1. Quick Setup: Adjust your risk levels with a single click, making it easy for both novice and experienced traders to use.
2. Trade Panel: Gain full control over all your trades, EA performance, and forecasts through an intuitive interface.
3. ChatGPT Forecasts: Receive live forecasts from ChatGPT and filter trades in the opposite direction using short-term, medium-term, and long-term predictions.
4. News Filter: Stay informed about upcoming financial events and filter trades during low-, medium-, or high-impact news events. (Note: This feature is coming soon to the MT4 version.)
5. Fully Customizable: Tailor the trading strategy to your individual risk preferences at any time.

How It Works

Goldminer AI EA employs Recurrent Neural Networks, specifically Long-Short-Term-Memory (LSTM) cells, trained using data from technical analysis indicators. This approach allows the EA to learn which indicators are most relevant for future price movements and act upon them.

The EA opens multiple smaller trades simultaneously instead of a single large trade. If the market turns against the position, the EA gradually closes losing positions using profits gained from additional trades.

Initial positions are entered using pending buy and sell stop orders to benefit from sudden price reversals. Recovery positions utilize a new trailing pending order mechanism to capitalize on volatile market movements.

Currency Pairs and Timeframes

While the neural network was trained on historical market movements of the XAUUSD (Gold) pair, users can experiment with other currency pairs. The EA uses the M5 timeframe internally but can be attached to any timeframe chart without affecting its functionality.

Customization Options

Goldminer AI EA offers a wide range of customization options, including:

• Quick Setup modes (Low, Medium, High, Extreme)
• Lot size calculation methods
• Batch settings
• Recovery settings
• Trade settings (Take Profit, Stop Loss, etc.)
• ChatGPT filter settings
• News filter settings

These options allow traders to fine-tune the EA to their specific trading style and risk tolerance.

Recovery Mode and Trailing Profit

The recovery mode is a powerful feature that attempts to recover losing positions automatically by opening additional trades. This method is based on the Fibonacci Retracement theory and can help mitigate losses.

The trailing profit mode takes advantage of large price movements in a favorable direction. This feature can be used in conjunction with the recovery mode to maximize profits.

Backtesting Results

Goldminer AI EA has been thoroughly tested during its development. The Neural Network was trained and tested for the period between January 1, 2010, and June 31, 2023, using 100% history quality data. Additionally, the EA underwent forward testing until October 2023.

To replicate the backtest results, use the following settings:

• Symbol: XAUUSD
• Timeframe: Any
• Modeling: Minimum ‘Every Tick’ is recommended (‘1-minute OHLC’ may be sufficient but less accurate)
• Deposit: Minimum 200 is recommended
• Leverage: Any

Getting Started

To start using Goldminer AI EA V1.1 MT4 For Build 1420+, follow these steps:

1. Download and install the EA on your MT4 platform.
2. Choose your preferred Quick Setup mode or customize the settings to your liking.
3. Attach the EA to your desired chart.
4. Monitor the Trade Panel for performance and forecasts.

Remember to always practice responsible trading and understand the risks involved. Past performance is not indicative of future results.

Learn more about forex trading strategies

Discover the benefits of AI in trading

Are you ready to take your forex trading to the next level with Goldminer AI EA V1.1 MT4 For Build 1420+? Start your journey today and experience the power of AI-driven trading!