Goldminer AI – Advanced Algorithm for Predicting Market Movements

Discover Goldminer AI, a sophisticated algorithm utilizing Artificial Intelligence and traditional technical analysis to forecast market trends. Featuring a groundbreaking recovery mode, this Expert Advisor (EA) divides each entry into multiple smaller trades, gradually closing them with profits from additional trades. Explore the new profit-maximizing mechanism through trailing pending orders.

Key Features:

• Quick Setup: Easily adjust risk levels with a single click.
• Trade Panel: Take control of all trades, monitor EA performance, and access forecasts.
• ChatGPT Forecasts: Receive live predictions from ChatGPT, filtering trades based on short-term, medium-term, and long-term forecasts.
• News Filter: Stay informed about upcoming financial events and filter trades during news events (coming soon to MT4 version).
• Fully Customizable: Tailor your trading strategy to match individual risk preferences.

Mechanics:

Rather than opening a single trade, Goldminer AI initiates multiple smaller trades simultaneously. In the event of a market change resulting in a loss, the EA systematically closes losing positions using profits gained from additional trades.

Entries for initial positions involve pending buy and sell stop orders to benefit from sudden price reversals. Recovery positions utilize a new trailing pending order mechanism to capitalize on volatile market movements.

Each position has a fixed or trailing Take Profit and a fixed Stop Loss set from the start. While values can be adjusted, it’s recommended to maintain default values optimized for extended backtesting. Only one open position per symbol exists at a time, plus potential recovery trades.

Currency Pairs and Timeframes:

Trained on historical movements of the XAUUSD (Gold) pair, Goldminer AI is versatile for testing with other currency pairs. Internally using the M5 timeframe, it seamlessly adapts to any timeframe chart.

Input Parameters:

• Quick Setup: Choose predefined values or fully customize your EA.
• Risk Mode: Select risk preference (Low, Medium, High, Extreme).
• Lot Sizes: Calculate based on Balance, Equity, or Fixed Lot Size.
• Batch Settings: Determine the number of trades per entry.
• Recovery Settings: Specify recovery trades distance, percentage of profits for recovery, max recovery batches, and recovery lot multiplier.
• Trade Settings: Define Take Profit type, value, trailing Take Profit, Stop Loss, max spread, pending orders distance, and reverse pending orders distance.
• ChatGPT Filter Settings: Activate or deactivate filtering based on short-term, medium-term, long-term, or overall forecast.
• News Filter Settings: Activate or deactivate filtering based on minimum impact, filter trades before and after news events.

General Settings:

• Magic Number: Unique EA identifier.
• Trade Comment: Additional comment with trades.
• Show Info Panel: Toggle the info panel on the chart.
• Recovery Mode: Automatic recovery of losing positions through additional trades, following the Fibonacci Retracement theory.
• Trailing Profit Mode: Exploit large price movements in a favorable direction, usable in conjunction with the recovery mode.

Backtest:

Trained and tested between 01.01.2010 and 31.06.2023 on 100% historical data. Forward-tested until October 2023. Replicate results using specified backtest settings.

Before Buying:

Understand trading risks, and remember that past performance doesn’t guarantee future results.