The GOLD EA is designed to trade the XAUUSD (GOLD) currency pair. The IA Smart indicator is used as an input signal in this trend scalping method.
The EA places the first order on the indicator’s signal and sets the profit at a certain level; however, if the price does not reach the profit level and rolls back, a new order is placed, averaging the total profit level and bringing it closer to the entry point.
The DrawDown Reduce function, which closes the most unprofitable and lucrative orders in the series at the same time, ensures that a series of orders always ends at a profit.