Description
<h3>Introduction</h3>
<p>TeslaFx GOLDEN WINGS EA V1.0 MT4 is an automated trading system developed for the MetaTrader 4 platform, designed primarily for trading gold (XAUUSD). The EA uses predefined algorithmic logic to identify trading opportunities and execute trades automatically. It focuses on disciplined risk management and consistent execution to help traders take advantage of gold’s price movements without emotional bias.</p>
<h3>Key Features</h3>
<ul>
<li>Fully automated trade execution</li>
<li>Optimized for XAUUSD (Gold)</li>
<li>Trend and momentum-based logic</li>
<li>Automatic stop-loss and take-profit placement</li>
<li>Adjustable lot sizing (fixed or percentage-based)</li>
<li>Spread and slippage filtering</li>
<li>Equity and drawdown protection settings</li>
<li>Session-based trading control</li>
<li>Multi-timeframe compatibility</li>
<li>VPS-ready for uninterrupted 24/5 operation</li>
</ul>
<h3>Recommended Settings</h3>
<p>Recommended configuration may vary based on broker and account size, but general guidelines include:</p>
<ul>
<li>Symbol: XAUUSD</li>
<li>Timeframe: M15 or H1</li>
<li>Risk Per Trade: 0.5%–1.5% of account balance due to gold volatility</li>
<li>Lot Mode: Auto lot based on risk percentage</li>
<li>Max Spread: Use a low-spread gold broker</li>
<li>VPS: Strongly recommended for stable execution</li>
</ul>
<p>Test on a demo account before going live.</p>
<h3>Backtest Result</h3>
<p>Backtesting may typically indicate:</p>
<ul>
<li>Stronger performance during trending gold market phases</li>
<li>Moderate drawdowns with conservative risk settings</li>
<li>Sensitivity to spread and slippage</li>
<li>Reduced efficiency during tight consolidation periods</li>
</ul>
<p>Actual results depend on broker execution and market conditions.</p>
<h3>Advantages</h3>
<ul>
<li>Specialized for gold trading</li>
<li>Fully automated execution</li>
<li>Reduces emotional trading errors</li>
<li>Structured risk management</li>
<li>Adjustable parameters for flexibility</li>
<li>Suitable for intraday or medium-term trading</li>
</ul>
<h3>Disadvantages</h3>
<ul>
<li>Highly sensitive to gold volatility</li>
<li>Drawdowns possible during sudden price spikes</li>
<li>Sensitive to spread and slippage</li>
<li>Requires monitoring despite automation</li>
<li>VPS hosting may add additional cost</li>
<li>No guaranteed profitability</li>
</ul>
<h3>Installation & Setup Guide</h3>
<ol>
<li>
<p>Download the TeslaFx GOLDEN WINGS EA V1.0 file (.ex4 or .mq4).</p>
</li>
<li>
<p>Open MetaTrader 4.</p>
</li>
<li>
<p>Click File → Open Data Folder.</p>
</li>
<li>
<p>Open the MQL4 folder and then the Experts folder.</p>
</li>
<li>
<p>Paste the EA file into the Experts folder.</p>
</li>
<li>
<p>Restart MT4.</p>
</li>
<li>
<p>Enable AutoTrading from the toolbar.</p>
</li>
<li>
<p>Open the XAUUSD chart and select the recommended timeframe.</p>
</li>
<li>
<p>Drag the EA from the Navigator panel onto the chart.</p>
</li>
<li>
<p>Adjust input settings according to your risk preference and click OK.</p>
</li>
</ol>
<h3><strong>Support & Disclaimer</strong></h3>
<h4><strong>Support</strong></h4>
<p>If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:</p>
<p><strong>WhatsApp: </strong><a href="https://wa.me/+443300272265" target="_new"><strong>Click here</strong></a><strong></strong></p>
<p><strong>Telegram Group: </strong><a href="https://t.me/yoforexrobot" target="_new"><strong>Join our community</strong></a><strong></strong></p>
<h4><strong>Disclaimer: </strong></h4>
<p>Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.</p>
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