Advanced Artist - 2024/09/03
- 03 Sep, 24
- admin
Goldminer AI MT4
Goldminer AI is a complex and novel algorithm that uses Artificial Intelligence in combination with traditional technical analysis to predict market movements. It features a revolutionary recovery mode that splits each entry into several smaller trades and closes them one by one with profits gained from other trades. Additionally, a new mechanism enables profit maximization through the use of trailing pending orders.
This Expert Advisor makes use of Recurrent Neural Networks, specifically Long-Short-Term-Memory cells, that are trained using data from technical analysis indicators. Through this method, the EA is able to learn which indicators are most relevant for future price movements and act upon them. Furthermore, LSTM networks are particularly suitable for time series analysis as they are able to consider both short- and long-term historical data.
Instead of opening just a single trade, this EA will open multiple smaller trades at the same time. If the market changes and the position becomes a loss, the EA will gradually close the losing positions with the profits gained from additional trades.
Entries for initial positions are performed using pending buy and sell stop order to also benefit from sudden price reversals. Recovery positions are opened using a new trailing pending order mechanism to capitalize on volatile market movements.
Every position always has a fixed or trailing Take Profit and a fixed Stop Loss set from the beginning. Although the values can be changed, it is recommended to keep the default values which were optimized for a prolonged backtesting period. There will always be a maximum of one open position at a time per symbol, plus any potential recovery trades.
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