Forex Gold Trading EA forex robot is an automated Forex Gold EA designed specially designed to trade only on XAUUSD(GOLD) pair, so it is not recommended to use it elsewhere. Trading on Gold Market is more Profitable than other pairs and riskier as well, So having the right tool in your hand to help you is a big part of the gold trading process.
It is a risk scalper that actively uses martingale and dynamic grids, allowing you to exit withdrawals faster and reduce the number of trades. As each cycle is independent, it is possible to have several simultaneously. You can therefore define a maximum number of simultaneous cycles.
What is a cycle? A cycle is a strategy with a signal, an entry, and an exit.
Each cycle is independent. It has multiple orders, has its own signal, breakeven, and take profit >= [MinProfit].
For small traders, it is possible to define a number of active cycles depending on their current balance.
But be careful. For a 0.01 initial lot, one cycle SL is equivalent to 100$. If you start with 100$, you might lose everything.
This best gold trading robot has been running on MQL5 live signal for over two months with a favorable profit/drawdown ratio. According to developers, it doesn’t require any parameter optimization since it comes out of the box optimized for gold pair. But you can change input parameters and optimize them to your need.
Recommendations for Gold Trading EA
Minimum account balance of 1000$ or equivalent cent account.
Work best on XAUUSD(GOLD), EURUSD.(work on any pair)
The timeframe has no real impact on live trading, but in order to have better test quality, the recommended timeframe is M1.
The developer does not recommend Gold Rush for beginners. Be sure to understand how MT4 and this EA work before going live.
News Filter doesn’t work on backtesting. This will cause backtesting results to be inaccurate because News Filter will help EA remove bad trades to limit Drawdown.
Recommend running this Gold Trading EA 24/5 on a VPS. (Reliable and Trusted FOREX VPS – FXVM)
Low Spread ECN account is also recommended