【This Week’s Results & ChatGPT】 Try to Managing a Free EA Portfolio 2 (1-5 May 2023)
Mini-review – We asked ChatGPT!
In portfolio management, Gold’s EA is currently struggling, so I started looking for the next candidate. So, how does ChatGPT decide? After understanding that ChatGPT’s learning data is up to September 2021, I asked them to list representative Gold EAs (free EAs).
Q: Please tell me a representative free EA for MT5 that targets Gold (XAUUSD) registered in the MQL5 community.
A: ChatGPT: https://chat.openai.com/auth/login response
My knowledge is up to September 2021, and I am not aware of the current EA (Expert Advisor) information registered in the MQL5 community. However, there is generally a free EA for MT5 that targets Gold (XAUUSD), and the following is an example showing the characteristics of such an EA.
- Gold Scalper MT5: This EA utilizes a scalping strategy targeting Gold (XAUUSD) for short-term trading. Utilize technical indicators and chart patterns, trade during times of high liquidity, and aim for small profits.
- Gold Trend Follower MT5: This EA utilizes the trend following strategy for Gold (XAUUSD), analyzes the medium to long term trend and takes positions along that direction. Use technical indicators such as moving averages and MACD to determine trend direction.
- Gold Breakout EA MT5: This EA uses the breakout strategy of Gold (XAUUSD) and aims at the timing when the price escapes from a certain range. Use indicators such as support and resistance lines and Bollinger Bands to determine when breakouts are likely.
These EAs are general examples and we need to check if they are available in the current MQL5 community and how their evaluation and performance have changed. When choosing an EA, it is desirable to choose one that suits your trading style, test it on a demo account, and then use it for actual trading.
The above 1, 2, and 3 EAs have not been registered on the MQL5 Market, probably because they have been released. It’s not even in the codebase. So, in order to confirm the authenticity of ChtGPT, I asked about the source of the information.
Q: Please tell me the URL where each EA is published.
A: ChatGPT: response
You can search for free Gold (XAUUSD) trading EA using Market and CodeBase.
Below are links to some resources of the MQL5 community.
- MQL5 Market: https://www.mql5.com/en/market Here you can buy or download various trading EAs and indicators for free. You can use the search function to find EAs targeting Gold (XAUUSD).
- MQL5 CodeBase: https://www.mql5.com/en/code CodeBase is a repository of EAs, indicators and scripts shared for free by members of the MQL5 community. You can use the search function to find a specific trading strategy or EA for gold (XAUUSD) trading.
You can use these resources to find an EA that suits your trading style. Also, it is desirable to check user reviews and ratings, and test on a demo account before using it for actual trading.
It seems that ChatGPT has successfully dodged it.
MQL5 Free EA – NOZAX Portfolio No.2
NOZAX Portfolio NO.2
- Account: NZX Zero (ECN) (NOZAX)
- Initial balance: 100,000 yen
- Working EA:
- TraderMind EA MT5: Currency Pair: USDCAD#, Timeframe: 1 Hour, Lot quantity: 0.04 Lot
- White Bear DT for NOZAX v1.13: Currency pair: USDJPY#, Timeframe: 5-minute, Lot quantity: 0.02 lot
- Gold Multiply Funds EA: Currency Pair: XAUUSD#, Timeframe: 30-minute, Lot quantity: 0.01 lot
- Catastrofix EA MT5: Currency Pair: EURGBP#, EURAUD#, EURNZD#, EURUSD#, GBPCAD#, AUDJPY#, Timeframe: 1 Hour, Lot quantity: 0.01 lot
Results from １ to ５ May (NOZAX Portfolio No.2)
- TraderMind EA MT5: 4 win and 0 loss, total profit and loss was 1757 yen (46.5 pips).
- White Bear DT USDJPY: 2 wins and 3 losse, total profit and loss was 44 yen (4.7 pips).
- Gold Multiply Funds EA: 2 win and 3 losses, total profit and loss was 373 yen (277pips).
- Catastrofix EA MT5: 4 wins and 6 losses, total profit and loss was 406 yen (32.1pips).
Past Results（NOZAX Portfolio No.2）
The individual results of each EA in the portfolio No. 2 are as follows.
- 10 April-5 May 2023
(Trades with a profit of even 1 yen are counted as “winning", while the reverse is counted as “negative")
- Expected lottery, Gold EA is out of order. Other EAs are almost as expected.
- Balance: 100,000 yen → 103,877 yen
Current status and schedule of the portfolio
Portfolio 2 is also a little short of the 1st month anniversary, but it seems to be a little short of the target monthly interest rate of 5%. Add another EA or replace the Gold EA. It’s time to think.