Torpedo Gold EA

The Torpedo Gold EA is an automated trading tool specifically designed for gold trading on the MT4 platform. Developed using advanced neural network technology, this EA utilizes a unique set of parameters to identify profitable trade setups, including candlestick patterns, breakouts, and distance. In this article, we will delve deeper into the Torpedo Gold EA’s strategy, features, and settings. By the end of this review, you will have a comprehensive understanding of the Torpedo Gold EA and be able to make an informed decision on whether it is right for you.

Torpedo Gold EA Strategy

Torpedo Gold EA is a forex trading robot designed to trade exclusively on the MT4 platform. It uses a combination of distance, candle size, candlestick formation, and breakout strategies to identify potential trading opportunities, and then executes trades automatically on behalf of the user.

Torpedo Gold EA
Torpedo Gold EA

Torpedo Gold EA trades gold exclusively on the M5 timeframe and trades around the clock. It uses a money management system that is designed to minimize risk and maximize profits. It employs a combination of lot size management and stop loss strategies to achieve this goal.

One potential weakness is its limited scope, as it only trades gold and has a strict trading strategy that may not be suitable for all market conditions. Additionally, the breakout strategy used by the Torpedo Gold EA is prone to false breakouts. This can lead to losses if the EA enters a trade based on a false breakout.

Torpedo Gold EA is worth considering for forex traders who are looking for a way to trade gold. It is recommended to demo test the EA first to evaluate its performance and apply appropriate risk management strategies before using it on a live account.


Torpedo Gold EA Features

  • Uses advanced neural network technology to identify profitable trade setups
  • Designed specifically for gold trading
  • Compatible with the MetaTrader 4 (MT4) platform
  • Trades on the M5 timeframe with 24-hour trading
  • Risk management features to help mitigate losses
  • Option to pause the EA based on a certain number of trades opened
  • Option to restart the EA when the 4-hour candle is back on trend based on moving average

Torpedo Gold EA Settings

  • Starting Lot: The initial lot size for each trade
  • Multiplier: The factor by which the lot size increases for each subsequent trade in a series
  • Max Lot: The maximum lot size for any individual trade
  • Min Distance Between Trades: The minimum distance between the entry points of two trades in a series
  • Max Sells: The maximum number of sell positions that the EA can open
  • Max Buys: The maximum number of buy positions that the EA can open
  • Enable Super Overlap after X trades: Activates the advanced overlap system after a certain number of trades have been opened to reduce drawdown
  • Min TP in Money For more than 1 position open: The minimum profit in monetary value required to keep multiple positions open
  • Min TP in Money for 1 or 2 positions: The minimum profit in monetary value required to keep one or two positions open (whichever comes first)
  • Close All if loss…: Closes all open trades if the loss amount exceeds a certain monetary value
  • Change distance after this lot size: Adjusts the minimum distance between trades after a certain lot size is reached
  • New min Distance: The new minimum distance between trades after the above lot size is reached
  • New Multiplier: The new multiplier value for trades after the above lot size is reached (to reduce lot sizes in the martingale system)
  • Pause EA if trades are X: Pauses the EA after a certain number of trades have been opened
  • Restart EA if 4H candle is in Trend based on X mov Average: Restarts the EA when the 4-hour candle is back on trend based on the specified moving average value.

Torpedo Gold EA Summary

The Torpedo Gold EA is an automated trading system that can execute trades on gold market. Its advanced neural network technology, coupled with its unique set of parameters, allows it to identify potential trade setups.

One of the weaknesses of the Torpedo Gold EA is its narrow focus and reliance on advanced parameters. Additionally, the EA can be quite sensitive to market volatility, which may result in significant drawdowns if the market moves against it.

The Torpedo Gold EA is worth considering for traders looking to automate their gold trading on the MT4 platform and are willing to take on the associated risks. It is essential to test this EA in a demo account before using it in a live account and apply proper risk management technique.

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