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

Smart GOLD Expert Advisor MT4

This GOLD Expert Advisor is a trading robot for the MT4 platform that was created specifically to trade the XAUUSD(GOLD) pair. It says it can instantly analyze enormous amounts of market data. At its core, the system uses sophisticated algorithms to identify patterns and trends. The primary goal is to provide personalized investment recommendations based on user preferences.

A clear advantage of GOLD Expert Advisor is its user-friendly interface. Without being hindered by complexity, investors can efficiently track their investments, access information, and make decisions.

This EA’s use of computer vision on trading charts is one of its distinguishing characteristics. Instead of relaying trade signals through text-based descriptions, The Expert Advisor MT4 visually demonstrates potential trade opportunities on the chart. This neural network-backed visual approach aims to train users more intuitively, potentially making it easier to discern and act on key trading signals.

A unique characteristic of the EA is its periodic data reinitialization. Occasionally, the tool undergoes a phase of data collection and evaluation. This can span a few days or even longer than a week. While this may lead to no trade recommendations during this period, the process ensures a high degree of accuracy in its future predictions.

Regarding its trading methodology, the EA steers clear of risky strategies commonly seen in the market, such as martingale and grid trading. Every transaction made by this system is safeguarded by both Stop Loss and Take Profit mechanisms. However, potential users should be aware that it employs a strategy with a smaller Take Profit and a significantly larger Stop Loss, approximately in a 1 to 10 ratio. Additionally, while it maintains a conservative trading approach, resulting in only a few trades per month, there might be extended periods, even days, when the system chooses not to trade at all.

Recommendations

  • Minimum account balance of 100$ (It can even operate with 25$).
  • EA is specially made to work on XAUUSD(Gold). (Work on any currency pair)
  • Work best on M30. (Work on 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).

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

FAN Trading Robot

An automated trading system called the FAN Trading Robot was created to profit from major news stories that cause notable volatility in the currency markets.

AA Forex Robot

The adaptable MT4 Robot Advanced Automated Forex Robot is available for free download. An adaptable algorithm that continuously fine-tunes and optimizes itself forms the basis

SG Forex EA

Specifically built for trading gold (XAUUSD), this SG EA is a fully automated Gold Forex EA. This article delves into the nuances of this EA,

TOP BOTTOM INDICATOR

Top Bottom Indicators provide a major advancement in manual trading tactics by identifying the tops and bottoms of market patterns. This indicator is special since