Golden Owl EA

The Golden Owl EA is a Forex robot that is designed to execute trades in the Forex and Gold market. It can be used with any Forex broker on the MetaTrader 4 (MT4) platform.

In this article, we will provide a comprehensive review of the Golden Owl EA, including its strategy, features, and settings. By the end of this review, you will be able to make an informed decision on whether the Golden Owl EA is right for your trading needs.

Golden Owl EA Strategy

The Golden Owl EA is a forex robot that was developed to analyze the market based on technical indicators such as MA and HILO. The EA executes trades by identifying the trend direction using the MA and uses the HILO indicator to determine the support and resistance levels.

Golden Owl EA
Golden Owl EA

The EA is designed to trade multiple currency pairs, including EURUSD, USDJPY, GBPUSD, and AUDUSD on the MetaTrader 4 (MT4) platform. It can also trade other instruments such as gold. The EA can work on any time frame but it is recommended by the developer to run it on the H1 timeframe.

Golden Owl EA uses a grid trading strategy as its money management technique. This involves placing buy and sell orders at regular intervals above and below a predetermined price level. The EA can work with any Forex broker on the MetaTrader 4 (MT4) platform but it is recommended by the developer to use IC Markets.


Golden Owl EA Activity
Golden Owl EA Activity

One of the EA’s main weaknesses in its grid trading is that it can lead to significant drawdowns if the market moves against the open positions. The open positions can accumulate losses that will require a large amount of margin to sustain the trades. Additionally, the technical indicators used by the EA may not always predict future price movement accurately, either missing potential trades or opening losing trades.

The EA is worth considering for traders who want to automate their trading and are comfortable with a grid trading strategy. However, it is recommended to demo-test the EA thoroughly and apply good risk management techniques, such as using a low lot size and a stop loss to limit potential losses. It is crucial to use caution and only trade with funds that you can afford to lose.

Golden Owl EA Features

  • Fully automated trading robot
  • Based on moving averages and HILO
  • Uses grid trading strategy for its money management technique
  • Equipped with news filter and other inputs for optimization
  • Can be used with any Forex broker
  • Customizable settings for user control
  • Can trade any currency pair and gold

Golden Owl EA Settings

  • Display info: Displays information about the EA’s trades and settings.
  • Display background color: Changes the color of the EA’s background.
  • Maximum buy trades: Sets the maximum number of buy trades the EA can execute.
  • Maximum sell trades: Sets the maximum number of sell trades the EA can execute.
  • Hard stop loss: Sets a hard stop loss for trades.
  • Open new orders: Enables or disables the EA’s ability to open new orders.
  • Enable grid: Enables or disables the EA’s grid trading strategy.
  • Close all orders: Closes all open orders.
  • Magic: Sets a magic number for the EA’s trades.
  • Lot mode: Sets the lot size for trades.
  • Moving average period: Sets the period for the moving average used in the EA’s trading strategy.
  • Moving average method: Sets the method for calculating the moving average used in the EA’s trading strategy.
  • HILO period: Sets the period for the HILO used in the EA’s trading strategy.
  • Trailing stop: Enables or disables the EA’s trailing stop feature.
Golden Owl EA Settings
Golden Owl EA Settings

Golden Owl EA Summary

The Golden Owl EA is an automated trading software that executes trades in the Forex and gold markets based on moving averages and HILO. One of its main strengths is its news filter to avoid trading during high-impact news events that can cause significant market volatility.

A weakness of the Golden Owl EA is its grid trading strategy, which requires a considerable amount of computing power to manage a large number of orders. This can be challenging for traders with limited resources. The EA will not perform well in all market conditions such as a sudden market movement in the opposite direction.

Overall, the Golden Owl EA is worth considering for traders who are comfortable with automated trading and are willing to monitor its performance over time to ensure its effectiveness. It is highly recommended to demo-test the EA thoroughly and apply proper risk management techniques before using it on a live trading account.


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