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Gold Hunter EA V3.1 MT5: Trading Strategy Overview

Gold Hunter EA V3.1 is a powerful algorithmic trading robot designed for trading Gold (XAU/USD) on the MetaTrader 5 (MT5) platform. It utilizes advanced trading strategies to capture profits from the price movements in the gold market, with built-in features to minimize risk.

Key Features & Trading Strategy

Primary Trading Pair:
- XAU/USD (Gold/US Dollar)
  The EA specializes in trading Gold against the US Dollar due to its high volatility, liquidity, and market responsiveness.
Time Frame:
- Optimal Time Frame: M1 (1-minute) to M15 (15-minute)
  Gold Hunter EA V3.1 primarily operates in lower time frames to capture quick price movements while minimizing exposure to market noise.
Entry Strategy:
- Trend Following:
  - The EA employs a trend-following strategy by identifying major market trends and trading with the flow of the market.
  - It uses indicators like Moving Averages, Bollinger Bands, and RSI (Relative Strength Index) to confirm the direction of the trend before entering trades.
- Breakout Strategy:
  - The EA detects price breakouts from established levels of support and resistance and executes trades when the market breaks out in the direction of the trend.
Risk Management:
- Stop Loss (SL) and Take Profit (TP):
  - Stop Loss and Take Profit levels are intelligently calculated to maintain a favorable risk-to-reward ratio.
  - Dynamic trailing stops are used to lock in profits as the market moves in the EA’s favor.
- Position Sizing:
  - The EA uses an adaptive lot size based on available equity and risk settings, ensuring that trades are scaled appropriately for the account balance.

Gold Hunter EA V3.1

Minimum Deposit & Trading Conditions

Parameter	Value
Minimum Deposit	$100 (recommended)
Risk per Trade	Adjustable (default: 1%-3% of account balance)
Lot Size	Dynamic based on account size
Maximum Drawdown	10%-20% (can be adjusted based on risk preference)
Trading Hours	Operates 24/5 (except during market close)

Which Currency to Run:

While XAU/USD (Gold/US Dollar) is the primary focus, the Gold Hunter EA V3.1 can also be configured for other highly liquid currency pairs such as:

XAG/USD (Silver/US Dollar):
A viable alternative when looking for similar volatility and trading opportunities.
EUR/USD, GBP/USD (Major Forex Pairs):
These pairs are often used for diversification, but the EA’s primary strength is seen with Gold (XAU/USD).

Strategy Performance & Time Frame to Run

Best Performance on XAU/USD:
The EA has been fine-tuned specifically for Gold (XAU/USD), making it the best pair for this system. For other pairs, performance may vary depending on market conditions.
Optimal Time Frame:
- M1 to M15 – Short-term strategies are ideal for quick scalping and intraday trading. The EA makes several trades per day, capitalizing on small price movements.

Conclusion:

The Gold Hunter EA V3.1 MT5 is a robust, flexible trading robot, specially designed to target high-probability trading opportunities in the gold market. By focusing on XAU/USD with advanced technical indicators, it offers strategic entries, reliable risk management, and consistent profitability.

For best results, a minimum deposit of $100 is recommended, and the EA operates optimally in short time frames like M1 to M15. Ensure you configure it properly based on your risk tolerance and trading style for the most efficient use.