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A fully automatic forex trading robot created specifically to trade XAUUSD (GOLD) is called the Scalper XAUUSD EA. Having the proper instrument in your hand to assist you on it is a key part of the gold trading process because trading on the gold market is both more profitable and riskier than trading on other pairs.
This Bot has a variety of algorithms within that automatically select the best ones based on the circumstance, ensuring the highest profit for every account. 2–6 trades are opened each day. It can trade using a fixed lot or an auto lot that automatically increases the amount of the transaction based on the set criteria.
It operates using a unique indicator, and if trades go bad, it safely closes them at breakeven without suffering a loss using the grid approach. For the XAU/USD, a Scalper EA MT4 has been designed to increase profits by 50% to 80% monthly.
Blowing your account is inevitable after utilizing this tactic for a while. The probability theory, however, works in our favor when investments are periodically withdrawn. The risky martingale method instantly breaks even and turns profitable after the first investment is removed.
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Recommendations
- The developer advises a minimum account balance of $5,000 or the equivalent in cents. (Based on my tests, a $100 account can be used reasonably safely. Particularly if you employ the approach of depositing twice and withdrawing the second amount.
- Only work with XAUUSD[GOLD].
- Work on any time frame, however M5 is recommended.
- This free forex EA should be run 24/5 on a VPS (Reliable and Trusted FOREX VPS – FXVM).
- low spread ECN account is also advised (Find the Perfect Broker For You Here).
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 | No Minimum Deposit ECN Acount No Commission | |
 | Min Deposit of 20$ |
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