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Buying an advisor for cryptocurrency

GE PRO MT4 - $125
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By opening an account with our partner code "xtsk" you get advanced features

  • Spread from 0
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  • No requotes
  • Market order execution

EA Golden Elephant is a trading advisor based on its own trend indicator. Here are some of the main advantages of this advisor: uses a unique trend indicator, which can allow you to more accurately determine the direction of price movement in the market. Trading in the direction of the trend can be more profitable since the EA is focused on capturing opportunities in accordance with the main market movement. The advisor carries out trading automatically, which allows you to avoid emotional decisions and ensures that transactions are executed in accordance with predefined parameters. EA Golden Elephant includes a risk management system, including stop losses and take profits, to effectively manage risk and preserve the trader's capital. The advisor has been tested on historical data to confirm its effectiveness, and may include parameters optimization mechanisms. The advisor provides the user with the flexibility to configure parameters in accordance with his trading preferences. The advisor is able to work on different timeframes, which allows it to be adapted to different trading styles. 

The standard settings of the Expert Advisor are adapted for trading gold when there are 3 decimals in the quote. For trading on 2 decimals automatically provided settings in your personal cabinet. 

Working Timeframe - m15

Trend trading indicators are based on various mathematical and statistical approaches to identify and confirm the current direction of the market trend. Here are several types of indicators that are often used to evaluate a trend:

  • Moving Averages: Basics: Trend indicators such as the simple moving average (SMA) or exponential moving average (EMA) calculate the average price of an asset over a period of time. They help to identify the general direction of price movement.
  • Directional Movement Index (DMI): Basics: DMI measures the strength and direction of a trend. Includes plus-DMI (shows the strength of an uptrend), minus-DMI (shows the strength of a downtrend) and ADX (shows the overall strength of a trend).
  • Parabolic SAR: Basics: SAR provides points that can indicate a change in trend direction. At the same time, they are located above or below the current price, depending on the direction of the trend.
  • Relative Strength Index (RSI): Basics: RSI measures the speed and change of prices, signaling when an asset is becoming overbought or oversold. This can help determine the strength and sustainability of a trend.
  • MACD (Moving Average Convergence Divergence): Basics: MACD compares two exponential moving averages to determine the strength and direction of a trend. Includes a signal line that confirms the direction of the trend.
  • Ichimoku Kinko Hyo:Baseline: This indicator provides comprehensive trend information including cloud, base line and periodic line. It can be used to determine the strength and direction of a trend.
  • Trend Lines and Channels: Basics: Drawing trend lines and channels on a chart is also a method of determining the direction of a trend. Continued movement within the channel can signal the strength of the trend.

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