Golden Box Expert Advisor - Comprehensive Guide

Overview

Golden Box is a Martingale-style expert advisor designed for Forex trading that uses a grid strategy with progressive lot sizing. The EA opens trades in the direction of the trend but adds positions at specific intervals to average entry prices.

Key Features

Martingale/Grid Strategy: Adds positions at predefined pip intervals (PipStep)

Flexible Money Management: Multiple lot sizing options including fixed, exponential, and recovery modes

Time Management: Allows trading only during specified time windows

Risk Controls: Includes equity stop loss and trailing stop features

Trade Days Filter: Can restrict trading on specific weekdays

Optimal Settings

extern int MMType = 1;                // 0=Fixed Lots, 1=Exponential, 2=Recovery

extern double Lots = 0.01;            // Base lot size

extern double LotExponent = 1.667;    // Multiplier for subsequent positions

extern double PipStep = 170.0;        // Distance between grid levels (in pips)

extern int MaxTrades = 1;            // Maximum number of simultaneous trades

extern double TakeProfit = 70.0;      // Take profit in pips

extern bool UseEquityStop = FALSE;    // Enable equity-based stop loss

extern double TotalEquityRisk = 200.0;// Max equity drawdown percentage

extern bool UseTrailingStop = FALSE;  // Enable trailing stops

How It Works

The EA analyzes the last two closed candles to determine market direction

Opens initial position in the detected direction

Adds positions at each PipStep interval if price moves against the initial trade

Uses averaging to calculate breakeven points

Closes all positions when collective profit target is reached

Trading Schedule Configuration

extern bool Use_Time_Mgmt = TRUE;     // Enable time restrictions

extern bool Trade_On_Friday = FALSE;  // Example: disable Friday trading

// First trading session

extern int TradeStartHour = 0;        // 00:00

extern int TradeStartMinutes = 0;

extern int TradeEndHour = 12;         // 12:00

extern int TradeEndMinutes = 0;

// Second trading session

extern int TradeStartHour2 = 12;      // 12:00

extern int TradeStartMinutes2 = 0;

extern int TradeEndHour2 = 24;        // 24:00

extern int TradeEndMinutes2 = 0;

Recommended Symbol & Timeframe

Works best on major currency pairs (EURUSD, GBPUSD, USDJPY)

Optimal timeframe: M15 or H1

Requires low spreads (ECN accounts recommended)

Slogan

"Golden Box - Turning Market Volatility Into Steady Profits Through Smart Grid Trading!"

Important Notes

Martingale strategies carry significant risk - use proper risk management

Test thoroughly on demo accounts before live trading

Works best in trending markets, may struggle during ranging conditions

Requires sufficient account balance to withstand drawdowns