An automatic gold robot created specifically to trade the XAUUSD (GOLD) pair is called Invictus Gold EA. There are numerous trading opportunities available for gold, one of the most liquid and regularly traded commodities in the world. The EA is very skilled because it is expressly designed to take advantage of these chances. We’ll examine its characteristics and see why it is unique here.
The Bollinger Bands indicator is the central component of the Robots algorithm. An established technical analysis tool called Bollinger Bands aids traders in determining possible overbought and oversold market scenarios. Through the use of this indication as the cornerstone of its strategy, Invictus Gold EA establishes a base built on decades of market research.
This Gold Robot’s behavioral factor filter is one of its best characteristics. This EA does not just rely on technical data; it also takes a deep dive into market psychology. By assessing the market’s depth, it makes sure that trading decisions are supported by solid behavioral patterns. By removing phony market entry points, this strategy raises the likelihood of successful trades.
Invictus Gold EA Risk Management
The possible usage of dangerous money management strategies when employing EAs is a major issue for many traders. One way that Invictus Gold EA sets itself apart is by staying away from risky tactics like martingale, arbitrage, grid, and hedging. The EA’s use of a hard stop loss and take profit for each trade position, which guarantees that traders’ capital is always protected, further emphasizes its commitment to safety.
In rapidly moving markets, problems like slippage and spread widening can have a significant effect on trading results. Gold EA is equipped with controls to handle these obstacles and guarantee that trades are carried out in the best possible way.
Recommendations for This Gold Robot
- Minimum account balance of 100$.
- EA is specially made to work on XAUUSD(Gold). (Work on any currency pair)
- It works best on H1. (Work on any TimeFrame)
- This Invictus Gold Robot should work on VPS continuously to reach stable results. So we recommend running this MT4 EA Download on a reliable VPS (Reliable and Trusted FOREX VPS – FXVM)
- The EA is NOT sensitive to spread and slippage. But We advise using a good ECN broker