ForexPen – Download Free Forex EA, Indicators and More for Your Trading Needs



A free forex EA with full automation is called FXCORE GOLD EA V12. It uses a combination of well-known technical indicators, such as the Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), Commodity Channel Index (CCI), and Exponential Moving Average (EMA). These indicators combine to provide traders with a level of precision that would be difficult to obtain manually when determining the best entry and exit positions for trades.

A feature that sets FXCORE Gold EA V12 apart is its built-in news filter. Currency markets are heavily impacted by economic news, and high-impact news events can result in severe market volatility. Before and during such events, the tool’s news filter automatically stops the EA’s operations, protecting traders from unforeseen market movements and significant losses.

Additionally, the EA uses a dangerous martingale method. The martingale technique, which has historically been utilized in betting, doubles the transaction size following a loss such that a victory would make up for the loss of the prior trade. This is particularly useful in forex trading because, unlike stocks, currencies rarely fall to zero. However, this means that you require a lot of capital to maintain trades when they become bad.

Hedging strategies are used in this Gold Robot to add an additional layer of risk management. Through the opening of numerous inversely correlated positions, the strategy helps reduce potential losses in the event that a transaction doesn’t go as expected. These integrated risk management techniques give traders a strong safety net, increasing the possibility that trading operations will be profitable.

For traders looking to improve their Forex trading performance, the FXCORE Gold EA V12’s incorporation of multiple technical indicators, cutting-edge news filters, and efficient risk management algorithms makes it an appealing choice. Although the EA can enhance the likelihood of profitable trades, it does not ensure profits, as is the case with all trading tools and methods. Traders should always use caution, manage their risk appropriately, and never put money at risk that they cannot afford to lose.


  • A $1,000 minimum balance is required.
  • Ideal for use with XAUUSD (GOLD). (Attain any pair.)
  • Work on any timeframe, however H1 is recommended
  • This free forex EA should be run 24/5 on a VPS (Reliable and Trusted FOREX VPS – FXVM). 
  • low spread ECN account is also advised (Find the Perfect Broker For You Here).

No Minimum Deposit

ECN Acount

No Commission

Min Deposit of 20$
Allow USA Traders
Levergae up to 1:500



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