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

Scout Gold EA V9

Scout Gold EA is a trading robot for the MT4 platform that 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.

Anyone wishing to enter the gold market must keep in mind that it is always changing. The secret to success is that there is no foolproof strategy that will always lead to success in the market. Scout Gold V9’s main trading method is “eat fast, withdraw fast,” which was created to assist traders in taking advantage of profitable trades rapidly and exiting before the market shifts.

After you recover your initial investment, this tactic becomes especially helpful. Users are urged to investigate further high-risk techniques after the original investment has been made, giving them the chance to potentially generate bigger returns.

The Scout Gold EA’s capability to identify the market reversal point is one of its key advantages. With the help of this function, traders can take advantage of market shifts by having the EA enter before the virtual orders. However, in this unpredictable market, mistakes could still happen.

A martingale approach is used to average the price if the initial forecast is off. With this method, the deal size practically grows with each unsuccessful trade. While it carries some risk, this tactic can help cut losses and turn a losing streak into a winning one.

A quick close function in Scout Gold V9 gives traders an additional level of control over their trades. The “Close All,” “Close Sell,” “Close Buy,” and “Close Profit” buttons are among these functions.

The ‘Close All’ option enables traders to close all open orders at once, and the ‘Close sale’ and ‘Close purchase’ buttons enable traders to close all purchase and sale contracts, respectively. When traders wish to quickly close all lucrative deals, the ‘Close Profit’ button is useful. Users have the freedom to react quickly to market developments thanks to these capabilities, which helps to limit potential losses and increase earnings.

Scout Gold Robot occasionally uses the martingale strategy, which can be a little dangerous. This approach has led to a very good ROI (Return on Investment) for this EA. The creators claim that this automatic trading system is capable of miracles. Your lot size and risk value will determine how much profit you can expect to generate each month.

The approach With this EA, you can profit quickly and withdraw money quickly. This is undoubtedly a holy grail, and with such a risk, the advisor will eventually withdraw the payment. The primary rule is, however, to withdraw the money after it has doubled.

Recommendations

  • A minimum balance of $1,000 or an equivalent cent account is required.
  • Risky Method: After doubling the deposit, you can withdraw the money using a 500$ account. This approach is hazardous because EA has the potential to blow the account and double 500$ Accounts in a week or two.
  • Safe Method – For the safe Method, you can also utilize a $100 account or an equivalent regular account.
  • Ideal for use with GOLD (XAUUSD). (Attain any pair.)
  • best on an M1. (Assemble in any time frame)
  • It’s not just plug-and-play and watch with this EA. You might need to close trades when markets become volatile.
  • 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

Share:

Facebook
Twitter
Pinterest
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *

On Key

Related Posts

Simplified Gann Indicator Download

The fundamental ideas of Gann’s techniques are incorporated into this simplified indicator, which is a great tool for both new and seasoned traders. It is

Trend Focus Forex Trading Strategy

Because there are so many different tactics accessible, forex trading can often be overwhelming. But the infamous erroneous signals that are common to trend trading