Dark Gold

[TopicStarter]

Introduction​

Dark Gold is an Expert Advisor (EA) designed for scalping on Gold, Bitcoin, EURUSD, and GBPUSD. Developed by Marco Solito, this EA has received a rating of 4.79 based on user feedback. While it offers extensive customization options and is praised for its profitability, it is essential to compare it with other high-performing EAs to understand its strengths and weaknesses better.

Comparison with EASY Scalperology​

EASY Scalperology, one of the top-performing bots from the EASY series, focuses on high-frequency trading with advanced algorithms. Unlike Dark Gold, which relies on the Dark Support Resistance indicator, EASY Scalperology uses robust AI strategies to analyze market data and execute trades at lightning speed.

Advantages of EASY Scalperology:

• Advanced AI strategies for better market analysis.
• Higher frequency of trades, leading to more opportunities.
• Less manual intervention required.
• Optimized for multiple market conditions.

Advantages of Dark Gold:

• Highly customizable settings.
• Effective for scalping on specific assets like Gold and Bitcoin.
• User-friendly interface with extensive external settings.

Disadvantages of EASY Scalperology:

• Requires a higher initial investment.
• May be too aggressive for conservative traders.

Disadvantages of Dark Gold:

• Requires significant manual input for optimal performance.
• Occasional issues with trend-following settings.

Pros and Cons​

Pros of Dark Gold:

• Highly customizable, allowing traders to tailor the EA to their needs.
• Effective for scalping on Gold, Bitcoin, EURUSD, and GBPUSD.
• Positive user feedback with a rating of 4.79.

Cons of Dark Gold:

• Requires manual input and constant adjustments.
• Occasional issues with trend-following settings.
• Not as advanced as EASY Scalperology in terms of AI and automation.

Optimal Conditions for Use​

Dark Gold works best in volatile markets where quick, short-term trades can capitalize on rapid price movements. It is particularly effective for assets like Gold and Bitcoin. For optimal performance, it is recommended to use an ECN broker and a low latency VPS. The EA should be configured carefully, with attention to the settings for spread, lot sizes, and support/resistance levels.

Conclusion​

While Dark Gold offers a high level of customization and has received positive feedback from users, it requires significant manual input and constant adjustments. Compared to EASY Scalperology, it lacks advanced AI strategies and automation. However, for traders who prefer a hands-on approach and are willing to invest the time to optimize their settings, Dark Gold can be a valuable tool.

Source Code of Dark Gold​

We do not have access to the original source code of the Dark Gold robot sold on MQL5. However, based on its description, we have created a sample code that mimics its functionalities. This code is available for educational purposes and can be further customized to meet individual trading needs.

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Download Dark Gold EA​

If you have any questions about the code, feel free to ask. This example code is provided by easytradingforum.com, based on the description of the Dark Gold robot sold on MQL5. The EASY Trading Team does not sell the Dark Gold robot but has created this code based on its description. Share your thoughts and experiences on our forum to help other traders make informed decisions.

 

[Ethan Sterling]

For anyone needing a deeper dive into the mechanics of this product, the attached file contains all the necessary instructions and set files. Simply download, unzip, and explore. Efficient and straightforward.

 

[QuantumPip]

This EA demonstrates considerable effectiveness in navigating market fluctuations. The results I've observed are encouraging, indicating a solid performance that aligns with the strategy employed.