Goldminer EA

It features a revolutionary recovery mode that splits each entry into several smaller trades and closes them one by one with profits gained from other trades. It offers a dynamic trading strategy that adapts to your account size, incorporating cutting-edge features for prop firm trading and ensuring safety through drawdown limiters and a highly customizable risk management system.

This Expert Advisor makes use of Recurrent Neural Networks, specifically Long-Short-Term-Memory cells, that are trained using data from technical analysis indicators. Through this method, the EA is able to learn which indicators are most relevant for future price movements and act upon them. Furthermore, LSTM networks are particularly suitable for time series analysis as they are able to consider both short- and long-term historical data.

Features

• Dynamic Lot Sizing: Adjusts lot size automatically based on account balance and risk levels.
• Drawdown Limiters: Protect your account from excessive losses with maximum account and daily drawdown controls, making it ideal for Prop Firm Trading.
• Trailing Take Profit: Set trailing take profits to secure gains and maximize potential profits from strong price movements.
• Batch Trading: Open multiple trades per batch for more flexible position management.
• Recovery Mode: Attempt to recover losing positions with additional trades, based on a flexible recovery strategy.
• News Filter: Avoid trading during high-impact news events with an integrated news filter.

Mechanics

Instead of opening just a single trade, this EA will open multiple smaller trades at the same time. If the market changes and the position becomes a loss, the EA will gradually close the losing positions with the profits gained from additional trades.

The EA includes powerful risk management features, including maximum drawdown limits for both the account and daily trading activity, ensuring you stay within your desired risk parameters.

Every position always has a fixed or trailing Take Profit and a fixed Stop Loss set from the beginning. Although the values can be changed, it is recommended to keep the default values which were optimized for a prolonged backtesting period. There will always be a maximum of one open position at a time per symbol,plus any potential recovery traits.

Currency Pairs and Timeframes

The network was trained to learn the historical market movements of the XAUUSD(Gold) pair. However, you can always test and experiment with other currency pairs. The EA uses the M5 timeframe internally, but you can attach it to any timeframe chart and it will always be working in the same way.