Comprehensive Manual For Quantum Gold Emperor EA
Thank you for purchasing our Expert Advisor (EA).
We are delighted to inform you that in addition to our existing offer, we now have more exceptional products available for purchase. A complete list of my products listed on the MQL5 marketplace can be found by clicking this link:
🔗 https://www.mql5.com/en/users/weredeu/seller
These cutting-edge solutions have been meticulously designed to cater to the diverse needs of traders, providing advanced features and intelligent algorithms.
This comprehensive user manual will guide you through the process of installing, configuring, and utilizing the full potential of our EA. Please read this manual carefully to ensure a smooth and successful experience with our product.
Getting Started
Congratulations on your decision to explore the world of Expert Advisors and Indicators on the MQL5 Marketplace! In this chapter, we will guide you through the essential steps to get started with these powerful tools and enhance your trading experience.
Accessing and Purchasing Quantum Gold Emperor EA MT4/MT5
The MQL5 Marketplace is a treasure trove of trading tools, offering a vast selection of Expert Advisors and Indicators developed by experienced traders and programmers. Here’s a list of all our 5-star rating products listed on the MQL5 Market.
Expert Advisors
– Quantum Emperor EA MT4
– Quantum Emperor EA MT5
– Quantum Gold Emperor EA MT4
– Quantum Gold Emperor EA MT5
– Quantum Trade EA MT4
– Quantum Trade EA MT5
Indicators
– Quantum Heiken Ashi Pro MT4
– Quantum Heiken Ashi Pro MT5
– Quantum Trend Sniper Indicator MT4
– Quantum Trend Spiner Indicator MT5
– Quantum Breakout Indicator Pro MT4
– Quantum Breakout Indicator Pro MT5
Click the Buy button to continue with your purchase
Choose the payment method and click the green Next button to continue with your payment.
Downloading, Installing, and Activating Quantum Gold Emperor EA on MetaTrader 4/5
After your payment is completed, you will need to open your MT5 terminal in order to download and install your MT5/MT4 Expert Advisor.
When you open your MT5?MT4 terminal, you must make sure that you are logged into your MQL5 account with your MQL5 account login and NOT with your email or any other login. For example, my login is the last part of my profile URL, in my case: weredeu, the last part of: https://www.mql5.com/en/users/weredeu
Open the MT5/MT4 >> Tools >> Options >> Community tab and make sure you are logged in with your MQL5 account login.
Then go to the View >> Navigator window and click the Market folder and then My Purchases.
Then your Purchases window opens on the right with all your purchases and you can click the Install button on the right for the product you’ve just purchased.
If the purchased EA doesn’t appear in the “My Purchases” tab, close and restart the terminal.
Testing Quantum Gold Emperor EA with Strategy Tester
After your Expert Advisor is installed you will be able to test it.
Go and click on MT5/MT4 >> View >> Strategy Tester.
The Strategy Tester opens below and you need to click on the Expert Advisor selector on the right side of the window first and then from the Market options, you click on the one you’ve just purchased in order to test it.
Then click on the Inputs tab below to adjust the Expert Advisor’s settings in order to test it.
The default inputs for Quantum Gold Emperor are optimized for XAUSUD and broker time GMT+2 DST.
Then click the Settings tab and adjust the time period for your test, choose the desired timeframe, and click the green Start button on the bottom right side of the Tester window.
Setting up Quantum Gold Emperor EA on a Demo or Live Account
Once you’ve thoroughly tested Quantum Gold Emperor EA, it’s time to put it into action. Whether you prefer a demo or a live account, follow these steps:
- Open the XAUUSD symbol’s chart, select the M30 timeframe, and then go to the Navigator window on the left side of your MT5/MT4 terminal. Look for Quantum Gold Emperor EA within the Market options, and simply drag it onto the chart or double-click it.
Attention! Your broker must have 2 decimal price quota.
2. The Quantum Gold Emperor EA’s settings window will open. There you click the Allow Algo/Auto/Live Trading option in the Common tab and click OK.
3. Then you need to go onto the Inputs tab and adjust your Expert Advisor’s settings. After you’ve finished adjusting your settings, click the OK button.
Inputs Variables
Trading Hours
The Start trading hour and the End trading hour values define the time interval when the EA places the trades.
*These values need to be set based on your broker’s server time, as shown in the next paragraph.
Broker’s Server Time
The default inputs for Quantum Gold Emperor EA are optimized for XAUUSD, and the broker’s server time GMT+2 DST.
- Start Trading Hour 08:00
- End Trading Hour 22:30
If your broker’s server time is other than GMT+2 DST, you have to adjust the settings accordingly. For example,
- If your broker’s server time is GMT+0, you need to use these time settings
❄️For winter time
Start Trading Hour 06:00
End Trading Hour 20:30☀️For summer time
Start Trading Hour 05:00
End Trading Hour 19:30
To find out your broker’s server time, you need to open the Market Watch window in your terminal (CTRL+M).
Risk Management
Quantum Gold Emperor EA has a built-in risk management system that allows YOU to CHOOSE from 8 different risk levels.
Quantum Gold Emperor EA’s default Risk Level is Low-Medium and this is the highest risk level that we recommend.
Use “High Risk” , “Very High” and “Extreme“ risk levels with caution!
Risk Level settings explained:
- Very Low – 0,01 lots for every $2000 in your balance
*Minimum recommended starting balance: $8,000 - Low – 0,01 lots for every $1500 in your balance
*Minimum recommended starting balance: $6,000 - Low-Medium – 0,01 lots for every $1000 in your balance (default setting)
*Minimum recommended starting balance: $4,000 - Medium – 0,01 lots for every $700 in your balance
*Minimum recommended starting balance: $2,800 - Medium-High – 0,01 lots for every $500 in your balance
*Minimum recommended starting balance: $2,000 - High – 0,01 lots for every $300 in your balance
*Minimum recommended starting balance: $1,200 - Very High – 0,01 lots for every $250 in your balance.
*Minimum recommended starting balance: $1,000 - Extreme – 0,01 lots for every $200 in your balance.
*Minimum recommended starting balance: $800
Order TP points
Order TP points variable defines the value of the Take Profit level in points.
*The default settings (1400 points) are optimized for best performance and it’s NOT recommended to change these settings.
Filters
Quantum Gold Emperor EA allows you to choose if you want to trade on Fridays and on Holidays Season:
- Trade Friday
– if the value is to Disable, it means that the EA will NOT trade on Fridays (default recommended setting)
– if the value is set to Enable, it means that the EA will trade on Fridays (not recommended) - Disable trading on NFP Friday
– if the value is set to FALSE, it means that the EA WILL trade on NFP Fridays
– if the value is set to TRUE, it means that the EA will NOT trade on NFP Fridays*If you decide to Enable Fridays trading, you need to set the Disable trading on NFP Friday variable to TRUE.
NFP (Non-Farm Payrolls) is a major economic event that is usually released on the first Friday of every month. - Disable trading during holidays (Dec 15-Jan15)
– if the value is set to TRUE (default recommended setting), it means that the EA will NOT trade during the holiday season.
– if the value is set to FALSE (not recommended), it means that the EA will trade during the holiday season.
*The default settings are optimized for best performance and it’s NOT recommended to change these settings.
EXTRA SETTINGS
- Take Buy positions
– if the value is set to TRUE (recommended default setting), the EA will open BUY positions.
– if the value is set to FALSE, the EA will NOT open BUY positions. - Take Sell positions
– if the value is set to TRUE (recommended default setting), the EA will open SELL positions.
– if the value is set to FALSE, the EA will NOT open SELL positions. - Max Open Buys – the value determines the maximum number of BUY positions opened by the EA (18 positions by default settings).
- Max Open Sells – the value determines the maximum number of SELL positions opened by the EA (18 positions by default settings).
*The default settings are optimized for best performance and it’s NOT recommended to change these settings.
SMART RECOVERY SETTINGS
- Activate Smart Recovery
– if the value is set to TRUE (default recommended setting), it means that the smart recovery is ACTIVE.
– if the value is set to FALSE (NOT recommended), it means that the smart recovery is INACTIVE. - Recovery multiplier input – the value determines the recovery multiplier factor (2 as default)
- Recovery multiplier times – the value determines the number of sets of trades (2 as default) that will open with the recovery multiplier factor.
*The default settings are optimized for best performance, and it’s NOT recommended to change these settings.
Quantum Gold Emperor EA utilizes a unique strategy where it continuously splits a single trade into four smaller trades. This means that each time the EA executes a trade, it automatically divides it into four smaller positions.
Quantum Gold Emperor EA stands out from other expert advisors due to its remarkable approach to handling losing trades. Unlike traditional methods that solely rely on Stop Loss orders to limit losses, Quantum Gold Emperor EA employs a sophisticated technique to manage losing positions effectively. When faced with a losing four trades batch, instead of closing them immediately, Quantum Emperor EA divides the next position into four smaller ones with a recovery multiplier of 2. It then strategically uses the profits from winning trades to gradually close the losing positions, one by one, until all of them are successfully discarded.
This unique strategy allows Quantum Gold Emperor EA to optimize its risk management, minimize losses, and potentially turn losing trades into profitable ones. By harnessing the power of multiple smaller positions and profit redistribution, it demonstrates a higher level of adaptability and resilience in challenging market conditions.
ADDITIONAL TRADE
- Use the additional trade 1
– if the value is set to TRUE, the EA will open an additional trade if there is a retracement (default recommended setting)
– if the value is set to FALSE, the EA will NOT open an additional trade if there is a retracement - Use the additional trade 2
– if the value is set to TRUE, the EA will open the second additional trade if there is a retracement (default recommended setting)
– if the value is set to FALSE, the EA will NOT open the second additional trade if there is a retracement.
*The default settings are optimized for best performance and it’s NOT recommended to change these settings.
You shouldn’t change any other settings besides Time Settings and Risk Levels!
It’s essential that you leave all the other settings as default in order for the EA to work correctly and deliver optimal results.
Make sure you have Algo/Auto/Live Trading activated!
MT5
MT4
Make sure that your PC is ON 24/7 if you are not using a VPS service!
It’s highly recommended that you use a VPS!
If you are using a MQL5 VPS, make sure you have migrated the EA successfully to the VPS before closing the terminal on your PC!
After you have successfully migrated to the VPS, Auto Trading automatically turns OFF on the terminal (and it should stay OFF)
How to Update Quantum Gold Emperor EA
In order to update your EA to the latest version, go to the “My Purchases” tab in the Metatrader terminal and press the “Update” button.
If the EA runs on VPS, you need to migrate again the updated version to the VPS.
- Open the Navigator window on your Metatrader ( CTRL+N)
- Click on the “My Purchases” tab
3. Click the “Update” button
4. If the EA runs on VPS from MQL5, you need to migrate again the updated version to the VPS
FAQs
Q: I’m interested in buying one of your EAs. What is the difference between Quantum Gold Emperor EA and Quantum Emperor EA?
A: Thank you for your interest in our EAs. Here’s the difference between Quantum Gold Emperor and Quantum Emperor:
The main difference between Quantum Emperor and Quantum Gold Emperor lies in their trading strategies.
Quantum Emperor uses a breakout strategy and trend trading, while Quantum Gold Emperor is based on RSI and employs a reversal strategy.
Both EAs utilize a unique approach of splitting trades into smaller positions to optimize risk management and profitability. Quantum Emperor trades GBPUSD on the H1 timeframe, whereas Quantum Gold Emperor trades GOLD (XAUUSD) on the M30 timeframe. Both EAs provide real-time adaptability and user-friendly interfaces.
Q: If I buy Quantum Gold Emperor EA can I get another EA for free?
A: Absolutely! We currently have an ongoing promotion, and if you purchase Quantum Gold Emperor EA and later decide to leave a positive review for it, after testing it for at least one week, we would be delighted to offer you a complimentary license for Quantum Trade EA.
Your positive feedback and satisfaction with Quantum Gold Emperor EA are valuable to us, and we want to reward you with the opportunity to experience the benefits of Quantum Trade EA as well. Should you have any further questions or need assistance, please don’t hesitate to reach out. We look forward to having you as a satisfied customer!
Q: Can Quantum Emperor EA, Quantum Gold Emperor, and Quantum Trade EA be used together on the same account?
A: No, they can’t be used together on the same account. We recommend using them on separate accounts.
Q: How can I ensure Quantum Gold Emperor EA runs correctly on my chart?
A: Check the top right corner of the chart to see if the EA name is displayed and the Algo/Auto trading is activated.
Q: How can I adjust the settings if the broker’s server time is other than GMT+3 in MetaTrader4/5?
A: First you need to go to the “Market Watch” window (CTRL + M) to find the broker’s server time. Adjust the time zone accordingly in the EA settings.
If the broker’s server time is GMT+3, you don’t need to adjust anything as the default settings are adjusted for this time zone. For example, if the server time is GMT+2, you need to deduct 1h from the “Start trading hour” and “End trading hour” settings.
Please refer to the Broker’s Server Time chapter for more details.
Q: Is there a demo available?
A: Yes, you can download the demo and backtest using the Strategy Tester from Metatrader.
Q: I’ve set everything up. Why doesn’t my EA place any trades?
A: First, please make sure you have Algo Trading Activated.
If Algo trading is activated and the EA still doesn’t place any trades, please contact us to help you identify the issue.
Q: Is there a demo available?
A: You can download the demo and backtest using the Strategy Tester. Or you can even rent it for 1 month and then if you like it you can buy it.
Q: I’ve set everything up. Why doesn’t my EA place any trades?
A: First, please make sure you have Algo/Auto/Live Trading Activated. If Algo trading is activated and the EA still doesn’t place any trades, please contact us to help you identify the issue.
Q: Can I close the EA and open it?
A: No, you can’t close and open the EA, as it would affect ongoing trades and affect the entire strategy that the EA is based on.
In order to work correctly the EA should run 24/7 and we recommend using a VPS.
Q: How can I update the EA to the latest version?
A: In order to update your EA to the latest version, go to the “My Purchases” tab in the Metatrader terminal and press the “Update” button.
If the EA runs on VPS, you need to migrate again the updated version to the VPS.
Q: Can I use fixed lots?
Quantum Gold Emperor does not give the option to use fixed lots due to its very complex closing system.
Instead, you have 6 risk levels to choose from.
Recommended Brokers
For the best performance with Quantum Gold Emperor EA, I highly recommend using an ECN, Raw, or Razor account with a broker that offers very low spreads. ECN accounts provide direct access to the market, which can result in faster execution and better pricing.
Some brokers that are known to work well with my EAs are IC Markets and Pepperstone, especially their Raw and Razor accounts, which offer competitive spreads.
Using the right broker account can make a significant difference in your trading results, so choose wisely and trade with confidence!
IC Markets is an excellent broker, especially for traders who prefer ECN accounts with low spreads. The Raw account option offers tight spreads, which is great for those who trade with Expert Advisors. The execution speed is impressive, and I’ve experienced minimal slippage. Overall, IC Markets’ Raw account is a solid choice for traders looking for top-notch trading conditions and competitive pricing.
You can open an IC Markets account by following this link.
Recommended Broker for US based customers
Coinexx is a brokerage firm that primarily focuses on providing trading services in the forex and cryptocurrency markets. It distinguishes itself with its commitment to offering high leverage options, tight spreads, and a no-restriction trading environment that appeals to a wide range of traders, from beginners to seasoned professionals. Coinexx allows trading across a broad spectrum of instruments, including major and minor forex pairs, cryptocurrencies, commodities, indices, and more.
One of the key features of Coinexx is its user-friendly and advanced trading platforms. Traders have access to platforms like MetaTrader 4 and MetaTrader 5, which are renowned for their analytical capabilities, customizable charts, and algorithmic trading support through Expert Advisors (EAs). These platforms are available on desktop, web, and mobile versions, ensuring traders can manage their portfolios and trade from anywhere at any time.
Coinexx is also known for its commitment to providing a transparent and secure trading environment. It employs robust security measures to protect client funds and personal information. Additionally, the broker offers fast execution speeds and claims to have no requotes, ensuring trades are executed at the best possible prices.
The broker prides itself on offering a seamless account opening process, with no KYC requirements, allowing for greater privacy and quick access to trading activities. Coinexx supports deposits and withdrawals with cryptocurrencies, which emphasizes its focus on modern and efficient banking solutions.
It’s essential for potential clients to consider Coinexx’s regulatory status and understand the risks involved in trading with high leverage. As with any brokerage, doing thorough research and reading reviews from other traders can provide valuable insights into the broker’s reliability and the quality of its services.
You can open an Coinexx account by following this link.
Recommended VPS Services
Running an Expert Advisor (EA) for forex trading on a Virtual Private Server (VPS) offers several significant advantages.
- A VPS provides uninterrupted 24/7 connectivity to the trading platform, ensuring that the EA can execute trades even when your personal computer is turned off or experiencing connectivity issues. This eliminates the risk of missed trading opportunities due to technical glitches
- VPS servers are specifically designed for low latency, which can result in faster trade execution and reduced slippage.
- The security of a VPS is also noteworthy, as it safeguards your trading activities from potential malware or virus attacks that might affect your personal computer.
By isolating your trading operations on a VPS, you can achieve greater stability, reliability, and security for your forex trading activities.
Commercial Network Services stands out as a highly reputable VPS hosting company widely embraced by Forex traders due to its exceptional reliability and performance.
- Their servers offer minimal lag, allowing rapid reactions to market changes.
- Compatibility with Windows 64-bit systems, Windows, Linux, Mac, and mobile devices.
- Continuous application operation ensures trading is uninterrupted.
- The package includes free antivirus screening, automatic backups, security updates, and disk defragmentation.
- Dual firewall setup, packet inspection, and anti-intrusion measures enhance security.
- 24/7 customer support for a seamless user experience.
Get your Commercial Network Services Traders VPS here.
