Name: Gold Overfishing EA - Best Forex Robots
Price: 99.00 USD
Availability: InStock

Failed to retrieve image data.

Total Gain	-74%
Daily Gain	-0.95%
Monthly Gain	-28%
Drawdown	76%
Profit Factor	0.5
Total Pips	-14048pips

Account Currency	USD
Deposit	$ 200
Profit	$ -146.99
Balance	$ 53.01
Equity	$ 53.01
Swap	$ -4.19

Total Gain	8571498.1%
Yearly Gain	73.7%
Monthly Gain	4.6%
Daily Gain	0.15%
Relative Drawdown	72.5%
Profit Factor	1.84

Currency	USD
Final Balance	42857990.58
Initial Deposit	500
Total Net Profit	42857490.58
Total Trades	2040
Timeframe	H1

MetaTrader 5 (MT5)

Works even with low leverage (1:25, 1:30, etc.)
No Martingale, no Grid, no Scalping
Low-risk strategy with an excellent Risk-Reward Ratio (RR)
Verified with forward testing on real accounts
Verified with backtesting over 20+ years

Description

Overview of Gold Auto Trading EA “Gold Overfishing”

“Gold Overfishing” is an Expert Advisor (EA) specialized for the XAUUSD (Gold/US Dollar) 1‑hour chart. It employs a proprietary logic combining technical indicators such as Bollinger Bands and ATR (Average True Range) to capture the market’s turning points. Designed with a focus on risk management, it aims to secure stable returns even with a small account balance.

Recommended Settings & Operating Environment

Currency Pair

XAUUSD (Gold)

Timeframe

1‑hour chart

Logic Overview

Logic 1: Band Breakout & ATR Trailing Entry

Signal Detection

Triggers when the close two bars ago breaks above or below the Bollinger Bands (standard settings).
Simple breakout: a breach above the upper band signals a short opportunity; a breach below the lower band signals a long opportunity.

Stop Order Entry

Long: place a stop order at the two‑bars‑ago high.
Short: place a stop order at the two‑bars‑ago low.
Orders expire after approximately 164 bars (about one week on the 1‑hour chart) if not filled.

Risk Management

Stop Loss is calculated dynamically based on ATR.
Take Profit is set as a fixed percentage gain.

Trailing Stop

Once a certain profit threshold (ATR‑based) is reached, a trailing stop engages.
Uses a two‑stage ATR multiplier to adjust the stop level and protect gains.

Logic 2: Pullback Follow & Dynamic Entry

Trend Environment Check

Monitors the Bollinger Bands’ width over a set period to gauge market momentum.

Pullback Detection

Catches temporary retracements into the band after a strong move (“pullbacks” or “retracements”) and prepares for entry.

Entry Level Adjustment

Offsets the trigger line slightly based on recent price range to filter out noise and ensure better fill on trend resumption.

Time‑Limited Position Management

Positions are held for a fixed number of bars after entry, then automatically closed to avoid prolonged exposure.

Multi‑Layered Risk Control

Combines Stop Loss, Take Profit, and optional trailing functionality to lock in gains while monitoring retracement strength.

Main Features

No Martingale or grid methods—prevents unintended lot escalation and sudden drawdowns.
Individual Stop Loss on every position—to limit adverse moves per trade.
Not a scalping EA—resilient to broker and server delays for stable operation.
Automatic lot sizing (compounding)—adjusts position size based on account equity to grow from small balances.
Symmetrical buy/sell logic—entry and exit rules are mirrored to avoid over‑optimization and maintain flexibility.

Strategy Tester Report


Strategy Tester Report
MetaQuotes-Demo (Build 5174)

Settings
Expert:	Gold OverFishing
Symbol:	XAUUSD
Period:	H1 (2005.01.03 - 2025.07.23)
Inputs:	MagicNumber1=11111
	MagicNumber2=11112
	smm=----------- Money Management - Risk Fixed % Of Balance -----------
	UseMoneyManagement=true
	mmRiskPercent=0.4
	mmDecimals=2
	mmLotsIfNoMM=0.01
	mmMaxLots=500.0
	seof=----------- Exit On Friday -----------
	ExitOnFriday=true
	FridayExitTime=22:00
Company:	MetaQuotes Ltd.
Currency:	USD
Initial Deposit:	500.00
Leverage:	1:500

Results
History Quality:	98%
Bars:	119721	Ticks:	24998213	Symbols:	1
Total Net Profit:	42 857 490.58	Balance Drawdown Absolute:	317.85	Equity Drawdown Absolute:	327.33
Gross Profit:	93 601 823.82	Balance Drawdown Maximal:	6 175 118.23 (23.52%)	Equity Drawdown Maximal:	8 398 200.00 (16.38%)
Gross Loss:	-50 744 333.24	Balance Drawdown Relative:	70.58% (1 273 094.70)	Equity Drawdown Relative:	72.54% (1 399 338.35)

Profit Factor:	1.84	Expected Payoff:	21 008.57	Margin Level:	1001.95%
Recovery Factor:	5.10	Sharpe Ratio:	1.87	Z-Score:	-10.05 (99.74%)
AHPR:	1.0076 (0.76%)	LR Correlation:	0.42	OnTester result:	0
GHPR:	1.0056 (0.56%)	LR Standard Error:	5 122 939.96

Total Trades:	2040	Short Trades (won %):	865 (35.84%)	Long Trades (won %):	1175 (43.40%)
Total Deals:	4080	Profit Trades (% of total):	820 (40.20%)	Loss Trades (% of total):	1220 (59.80%)
		Largest profit trade:	2 918 950.00	Largest loss trade:	-1 001 750.00
		Average profit trade:	114 148.57	Average loss trade:	-41 271.31
		Maximum consecutive wins ($):	11 (3 744.28)	Maximum consecutive losses ($):	17 (-46 273.60)
		Maximal consecutive profit (count):	18 637 572.32 (9)	Maximal consecutive loss (count):	-6 155 955.86 (9)
		Average consecutive wins:	2	Average consecutive losses:	3




Correlation (Profits,MFE):	0.77	Correlation (Profits,MAE):	0.13	Correlation (MFE,MAE):	-0.4332


Minimal position holding time:	0:00:19	Maximal position holding time:	80:25:20	Average position holding time:	13:04:43

Reviews

There are no reviews yet.

Be the first to review “Gold Overfishing EA”

General Inquiries

There are no inquiries yet.

Ask a Question

Gold Overfishing EA