This Robot for Gold Trading is an MT4 EA that trades automatically and was created specifically to trade the XAUUSD(GOLD) pair. Trading gold is riskier and more profitable than trading other currency pairs, so finding the correct instrument to aid you in your endeavors is essential.
This Robot for Gold Trading does not place the order grids against the trend, in contrast to conventional Martingale robots. As an alternative, it places them in line with the trend, allowing them to profit from market momentum and lowering risk. This method is ground-breaking because the robot intelligently reverses the balance of trading positions in the direction of the new trend when the trend shifts. The end consequence is that every order in the grid closes profitable!
The adaptability of this gold trading robot is an extra bonus. It can respond to the market’s volatility by trading continuously or at set intervals. The robot produces the best results when used with trading instruments that have good volatility. However, it is advised to run the robot on the news or during the American trading session rather than during flat market situations like holidays, evenings, and night flat.
The design of this Gold Trading MT4 does not rely on indicators. It instead views price as the sole indicator. The robot opens positions wherever the price goes, guaranteeing that the trading approach is dynamic and responsive to changes in the market occurring in real time. Both experienced traders and newcomers can benefit from the power of automatic trading thanks to our user-friendly trading system.
By default, this Trading MT4 EA starts trading at 16.00 Moscow time, the start of the American trading session. It patiently awaits the following day to close the grid of orders it has opened based on the trend. With refinancing, this method guarantees a consistent profit of 1% each day, which equates to a handsome return of more than 25% per month.
Recommendations
- Account minimum of $100 or a comparable standard account
- Although the robot can trade on any currency combination, its default settings are tailored for trading on the XAUUSD (Gold) and XAGUSD (Silver) currency pairs.
- Work on H1 Timeframe is ideal. (Application to Any Timeframe)
- 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).