best gold ea

Description

What does ‘best gold EA real trading strategy’ mean? You may have noticed that almost all gold EAs on the market are simple grid/martingale systems that add trades when the market goes against the initial position.

They usually masquerade as “neural networks/artificial intelligence/machine learning”, but if you have some experience with forex and EAs, you can easily recognise that they are simple grid and martingale systems that are very risky.

Whilst these types of strategies may look good in backtesting (straight up and often even manipulated in testing to get more sales), they always end up failing without exception, making margin calls and wiping out entire trading accounts.

I’ve seen this happen time and time again. Why is this? Because gold is a very volatile trading instrument and despite a nice backtest, big swings can happen in the future contrary to the grid/Martingale setup.

Don’t be fooled by the “perfect backtest” EA …… In real trading, straight line ups don’t exist, so if the backtest looks too good to be true, it must be.

This is where the Best Gold EA is different. It doesn’t use any risky trading styles, but a simple trading strategy based on breaking through daily support and resistance levels. This strategy works very well with a volatile currency pair like gold.

Each trade has a Stop Loss and Take Profit from the start and if the price starts to move in the right direction, the EA will use a Trailing Stop to minimise risk and maximise profit.

The best gold EA mt4 has 7 different strategies built in that work together seamlessly. The result is a very stable growth curve with the occasional loss (but at least it won’t cheat you.)

Launch Promotion!

Only a few copies left for $39.98!
Next price: 500$

Setup EA:

Recommended Pair: XAUUSD/Gold

Timeframe: Daily

Minimum balance: 200$

Setup is very simple. Just open the gold chart for the daily timeframe, drag the EA to the chart and set the lot size settings.

For low balance accounts ($200-$400) I recommend only running strategies 2,4 and 7 as they have the lowest retracements.

Risk Settings: I recommend using “Risk per trade” and start with 1% risk per trade. You can always increase the risk if you feel comfortable.