Trend Following Gold MT4 EA

An automated Gold MT4 EA designed specifically for the XAUUSD (Gold) pair is this Trend Following EA. Gold, which has always been regarded as a safe-haven asset, is one of the most liquid and actively traded commodities worldwide. Its features and functionalities are objectively analyzed in this article.

Orders are opened by Gold MT4 EA in response to signals from a proprietary indicator. This indicator follows the “Trend Follow” approach. In other words, it seeks to profit from the gold market’s momentum by making trades that follow the current trajectory. This strategy is widely used in a variety of trading industries since it frequently produces profitable results.

Double-Edged Sword of this Trend Following EA

Trend Following EA’s application of the martingale strategy is a crucial component. In order to make up for prior losses and turn a profit, this strategy entails increasing the size of a trading position after suffering a loss. The martingale strategy is well-known for its high risk profile, despite the fact that it can result in striking short-term profits. A string of losses could cause significant financial harm, so it’s a strategy that calls for a large initial investment and strict risk management.

This Gold MT4 EA is an extremely dangerous tool when using the martingale strategy. For long-term success, this strategy is flawed mathematically. Prospective users need to be aware that there’s always a chance they could lose the money they invested. This is a real-world observation that can be made in trading scenarios such as live MQL5 signals; it is not merely theoretical.

The Trend Following EA’s current live mql5 results might seem impressive, demonstrating the EA’s potential in specific market scenarios. It’s crucial to remember, though, that previous live result accounts connected to this EA have been removed. This is concerning because it implies that these accounts might have experienced large losses, possibly as a result of using the hazardous martingale strategy.

One tactic The goal of this EA is to make quick money and quickly take it out. Naturally, this is a holy grail, and the adviser will eventually deplete the deposit due to the high risk involved. However, the primary regulation is to take the deposit out after it has doubled.

Recommendations

• A minimum balance of $3000$, or an equivalent cent account, is required.
• The EA was created specifically to operate on XAUUSD. Additionally, it is compatible with Silver, USDCHF, GBPCAD, USDCAD, EURUSD, and GBPUSD.
• On M15, it functions best. (Do any TimeFrame work.)
• 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).