Lion Gold MT4/MT5 EA V2 [2024 Update]

The Lion Gold MT4 EA takes advantage of gold’s inherent volatility in trading pairs. Its main tactic is to spot and capitalize on daily support and resistance level breakouts. This strategy is straightforward but incredibly successful, especially when applied to a pair as erratic as gold. By concentrating on these crucial areas, the EA captures meaningful market movements and enables traders to profit from notable price shifts.

The Lion EA doesn’t depend just on one tactic. Rather, it has seven distinct integrated strategies that complement each other. With this diverse approach, you can be sure that the EA can adjust to different market conditions and give your investments a steady growth curve. Although trading will inevitably result in losses, these various strategies make sure that these losses are a part of a transparent, controlled trading process that is free from manipulation.

The dedication of Gold MT5 EA to risk management is one of its most notable features. The EA specifically stays away from high-risk trading strategies like martingales and grids, which are infamous for their ability to magnify losses. Rather, it takes a more cautious tack, emphasizing long-term financial stability of the trader and concentrating on sustainable trading strategies.

The take profit (TP) and stop loss (SL) for every trade that the Lion MT5 EA executes are predetermined, providing precise goals and boundaries for every position. The EA also uses a trailing stop loss technique. When a trade begins to move in your favor, you adjust the stop loss to protect profits and allow for additional growth. This flexible strategy helps to maximize possible gains while reducing risks.

Recommendations

• $200 is the minimum account balance.
• I advise using only strategies 2, 4, and 7 for accounts with low balances (between $200 and $400). These strategies have the lowest drawbacks.
• Made specifically to operate on XAUUSD is EA. Work with any pair of currencies.
• 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).