The “Gold Chaser” expert advisor trades in fully automated mode these 4 symbols: XAUUSD (Gold), XAGUSD (Silver), BTCUSD (Bitcoin), and XBRUSD (Brent Oil). I am going to add other cryptocurrencies and/or stock exhange indices in the near future.
Possibilities of the “non-major” symbols really differ from what you are accustomed to with the usual set of symbols. First of all, gold moves very quickly. Like major symbols, gold reacts to political events, important economic events and speeches of VIP geeks. However, gold moves in a much more swaying manner. The same is applicable to silver, oil and certain cryptocurrencies.
To train signals of this expert advisor, I used the popular CCI indicator (Commodity Channel Index). It is the index which was specifically designed to work with commodities, that is symbols not related to currencies of countries. This index does not use the exponent and does not depend from its own values. It draws very reliably a strong trend path, as well as it shows overbought and oversold zones. Gold shows a good result in machine learning precisely because swaying moves really stand out in the gold chart and so they do mathematically.
I used the most reliable approach (among my favorite three approaches) to do the machine learning for this strategy, that is 2 recurrent neural nets: buy or uncertainty and sell or uncertainty. The 2 nets compete and are allowed to close both their own trades and trades of the other net.
Run the expert advisor on one chart. Regardless of the current chart, the EA always trades all of its symbols at the same time.
The “Gold Chaser” expert advisor can be launched on the chart of any symbol and any timeframe.
Recommended settings for live trading
Recommended chart / timeframe: daily chart of gold.
Volume per 1 trade is 0.01 for 1000 USD of deposit.
Max trades per signal = 1
Expert Advisor properties
- Volume >> volume per trade. Fixed volume (example: 0.02) or percentage of available funds (example: 0.015%). The EA prints the real volume on the “Expert Advisors” tab when starting or changing the timeframe. Always use a fixed amount for accounts that use a deposit currency other than the US dollar (i.e. euro, yuan, bitcoin, Australian dollar, etc.).
- Name for Gold >> check the full name for gold in the “Market Watch” of your MetaTrader and put it into this field. Set “None” to temporarily disable new trades for this symbol.
- Name for Silver >> same as for “Name for Gold”.
- Name for Bitcoin >> same as for “Name for Gold”.
- Name for Oil >> same as for “Name for Gold”.
- Max trades per signal >> max number of trades per symbol per signal.
- Close on profit (%) >> close all trades of the advisor upon reaching a percentage of profit relative to the account balance.
- Take
- Trail
- Stoploss