Algorithmic trading has revolutionized the way financial markets operate, bringing speed, efficiency and advanced analytics to trading. In the forex market, traders are increasingly turning to Expert Advisors (EAs) to execute trades automatically based on predefined strategies. One such EA that has been gaining popularity is Golden Bulls – a low risk Metatrader 4 robot that leverages the power of algorithms for steady profits.

Introduction to Algorithmic Trading

golden bulls forex ea chart

Algorithmic trading refers to the use of computer programs and mathematical models to make trading decisions and execute orders without any human intervention. It enables traders to implement sophisticated quantitative strategies across multiple assets and timeframes. EAs or Forex robots are the most common forms of algorithmic trading in the retail forex market.

EAs are programmed with trading rules and logic to analyze the markets and place buy or sell orders. They can scan for trading opportunities around the clock and trade based on parameters set by the user. With no emotions or psychology involved, EAs execute trades systematically for consistent performance.

Key Benefits of Using Golden Bulls EA

golden bulls ea settings

Here are some of the major advantages of opting for Golden Bulls EA for algorithmic trading:

  • Profitable Long Term Performance: In rigorous backtesting spanning over 15 months, Golden Bulls EA generated +476.83% in absolute gains with a max drawdown of only 8.26%. It has a solid track record of profitable algorithmic trading.
  • Low Risk: The EA incorporates effective risk management with stop loss and take profit levels on every trade. The fixed lots option also minimizes risk on each trade.
  • Multi-Market Capability: While optimized for Gold and EUR/USD, Golden Bulls can trade other forex pairs and commodities successfully using its versatile algorithm.
  • Efficiency: It automates the entire trade execution process from entry to exit, freeing up time for the user. The EA places around 2-5 trades per day on average.
  • Customization: Users can modify key input parameters like stop loss, take profit, trailing stop and trading times as per their preferences.
  • Backtesting & Optimization: The EA can be rigorously analyzed and optimized on past data before going live for the best performance.
  • MT4 Integration: Golden Bulls seamlessly integrates with the popular Metatrader 4 platform and is easy to install and use.

How Does Golden Bulls Expert Advisor Work?

golden bulls forex ea

The working mechanism behind this profitable EA is quite interesting. Here are some key details:

  • Uses a proprietary algorithm that identifies high probability entry and exit points in the market across timeframes.
  • Scalping strategy – seeks to profit from small price movements and accumulates gains over daily trades.
  • Opens 2-5 trades per day on average and closes all trades intraday.
  • All trades are secured with stop loss and take profit levels to limit downside.
  • Trailing stop feature locks in profits as the market moves in favor.
  • Fixed and variable lot size options available for optimal position sizing.
  • Closes all open orders at user defined closing time to limit overnight exposure.
  • Can trade during specific time windows set by the user.

The careful integration of trading logic, risk management, and position sizing gives Golden Bulls EA an edge in automated trading.

Choosing the Right Account Type and Settings for the Golden Bulls EA

When using any EA, it is vital to assess your account size and risk appetite to pick appropriate settings. Here are some tips:

  • For a $500 account balance, opt for fixed micro or mini lot sizes and a wider stop loss of 30-50 pips.
  • With a $5000+ balance, use percentage risk per trade and a tighter stop loss around 10-20 pips.
  • For aggressive trading, allow the EA to trade 24/5 and use a take profit of 30-50 pips.
  • For conservative trading, limit trading hours from 8 AM to 4 PM EST and use a smaller take profit of 10-20 pips.
  • Lower risk on volatile days and news events by limiting lots or temporarily disabling trading.
  • Optimize settings through backtesting and forward testing before going live.

The extensive customization options allow users to tailor Golden Bulls EA to suit their individual trading style and market conditions.

Steps to Install and Run Golden Bulls Expert Advisor

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Installing and setting up Golden Bulls EA on Metatrader 4 is quick and easy. Follow these steps:

  1. Download the GoldenBulls.ex4 file to your computer.
  2. Open the Metatrader 4 platform and login to your account.
  3. Click on ‘File’ menu and select ‘Open Data Folder’. This will open the data directory.
  4. Browse to the ‘MQL4’ folder and then the ‘Experts’ folder inside it.
  5. Copy or paste the downloaded GoldenBulls.ex4 file into the Experts folder.
  6. Close and restart the Metatrader 4 platform. The EA will now show up in the Navigator panel.
  7. Right click on GoldenBulls-EA in Navigator and select ‘Attach to Chart’ on the currency pair of choice.
  8. Double click on GoldenBulls-EA in the chart to open the Inputs tab.
  9. Modify the input parameters as per your preferences and save the settings.
  10. Enable ‘Allow Live Trading’ to run the EA live on your account.

And you’re all set! With these simple steps, you can unleash the algorithmic trading power of Golden Bulls on your Metatrader 4 platform.

Expert Tips to Use Golden Bulls EA Successfully

To maximize your success and profits with this Expert Advisor, here are some pro tips worth considering:

  • Always run it first in strategy tester using real tick data to see actual performance.
  • Use an optimized variable spread and commission to see real-world results.
  • Test over at least 6 months to 1 year of historical data across all market conditions.
  • Start with demo trading, micro lots and default settings to see how it trades.
  • Monitor the EA regularly in the first few weeks before trusting it completely.
  • Keep trading costs low by choosing an ECN broker with tight spreads.
  • Avoid running it on multiple pairs simultaneously to prevent order interference.
  • Do not over-optimize the EA since markets keep evolving dynamically.
  • Complement the EA with manual trading and solid risk management.

By following these tips and trading guidelines, you can build your account steadily using Golden Bulls automated trading software.

The Bottom Line

In summary, Golden Bulls Expert Advisor is a reliable and profitable trading robot for algorithmic trading on Metatrader 4. By automating chart analysis, order execution, risk management and position sizing, it empowers traders to grow their accounts with low risk. Follow the guidelines above regarding usage, settings and tips to maximize success with this EA.

The days of manual trading are passé. Automated solutions like Golden Bulls EA represent the future of trading by leveraging the power of algorithms and smart technology for better results. So download this top-rated EA today and unleash algorithmic trading to work for your success!

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