EA Golden Elephant

[TopicStarter]

Introduction​

EA Golden Elephant is a trading advisor that promises to capture market movements by trading in the direction of the trend. With a rating of 4.4 and mixed user reviews, it's clear that this EA has both its fans and detractors. Let's dive into its features, analyze its performance, and see if it lives up to the hype.

Description of Features​

EA Golden Elephant boasts a proprietary trend indicator designed to identify market trends with mathematical and statistical precision. It includes:

• Automated trading functionality to execute trades based on trend signals.
• A risk management system with customizable stop losses and take profits.
• Parameter optimization mechanisms for historical data.
• User-defined settings for lot size, risk percentage, trading hours, and maximum trades.
• Multi-timeframe support to adapt to various trading styles.

These features sound impressive, but as always, the devil is in the details.

Performance Analysis​

Analyzing the EA's performance over the last year reveals a mixed bag. Backtesting results often show promising returns, but real-world trading can be a different story. Some users, like Louis Tjandra, praise the EA with a simple Nice EA!!. Others, like JMS, report issues with the EA not taking any trades. Chung Kang Chien 簠 Yasushi found the conservative settings effective during volatile periods like Christmas. This highlights the importance of continuous monitoring and adjustments.

Pros and Cons​

Pros:

• Proprietary trend indicator that aims to capture market movements.
• Automated trading to eliminate emotional decision-making.
• Customizable risk management settings.
• Flexibility across different timeframes.

Cons:

• Inconsistent performance in volatile market conditions.
• Reports of the EA not executing trades as expected.
• Requires continuous monitoring and adjustments.
• Backtesting results may not always translate to real-world success.

Conclusion​

EA Golden Elephant offers a range of features that can be appealing to trend traders. However, its inconsistent performance and the need for continuous adjustments make it a tool that requires a critical and informed approach. If you're willing to invest the time and effort, it could be a valuable addition to your trading arsenal. For those looking for a more hands-off solution, you might want to explore other options.

Source Code of EA Golden Elephant​

We don't have access to the original source code of the EA Golden Elephant sold on MQL5, but we can create a similar code based on its description. This example code is provided by easytradingforum.com and is based on the description available on the MQL5 website. Note that the EASY Trading Team does not sell the EA Golden Elephant; we only created a code based on its description.

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Download EA Golden Elephant​

If you have any questions about the code or the EA itself, feel free to ask on our forum. Join the discussion and share your experiences with EA Golden Elephant. Detailed statistics and more information are available on our website: https://forexroboteasy.com/trading-robot/ea-golden-elephant/.

 

[CryptoZen]

I'd appreciate if you could provide the optimal settings for a $300 budget based on the signal and explanation. Additionally, could you share sample settings for various deposit amounts?

 

[CryptoGuru99]

Could you provide optimal settings for a $300 deposit based on the signals and explanations provided? Also, it would be beneficial to see example settings for various deposit amounts in the overview. I generally use 0.01 lot size per $1k balance.

 

[DataDrivenTrader]

I'm exploring the functionalities of the GOLDEN ELEPHANT, particularly the 'Periods Super Trent' and 'Filter.' Could you shed light on how the 'period' and 'divisor' settings influence the speed and accuracy of trend determination? These parameters seem critical for fine-tuning trading strategies.