GOLD Scalper PRO EA for MT4 is an automated trading system designed for trading Gold (XAU/USD). It employs a robust trading strategy based on market impulses and corrections, minimizing risks with sensible stop-loss levels. With features like advanced news filtering and a low drawdown, it offers a reliable and effective trading solution.
Advantages of GOLD Scalper PRO EA for MT4
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Overview
GOLD Scalper PRO is a fully automated trading system specifically designed for trading GOLD (XAU/USD). Its ability to automate trading tasks allows users to dedicate their time to other interests while benefiting from a professional trading strategy.
Key Features and Benefits
- Proven Trading Logic: The EA employs a classic trading principle by entering positions in the direction of a significant market impulse followed by a correction, building on over 15 years of expert trading experience.
- No Risky Strategies: Unlike many EAs, GOLD Scalper PRO does not rely on grid, martingale, or other high-risk strategies. It uses reasonable Stop Loss levels and effective entry and exit strategies.
- Strong Exit Algorithm: The system features a highly effective exit algorithm, ensuring that trades are closed timely, maximizing profits.
- Low Drawdown: The risk management aspect of GOLD Scalper PRO contributes to a lower drawdown, making it suitable for varying trading accounts.
- Comprehensive Backtests: The EA boasts solid performance in 14 years of backtests with a 99.9% quality assurance on Real Tick and Real Spread, validating its profitability under real market conditions.
- 24/5 Trading: The system operates around the clock without time restrictions, simplifying the trading process without the need to manage GMT shifts actively.
Advanced Features
- Advanced News Filter to avoid trading during high-volatility events
- Stealth mode for discreet trading operations
- Advanced Time Management System for optimized trade execution
- Email and Push Notification system for real-time updates
- Friday Exit System to protect profits before the weekend market closure
Setup and Recommendations
- For optimal performance, it is advised to test GOLD Scalper PRO on a demo account before live trading to familiarise yourself with the settings and features.
- Monitor your broker’s spread to ensure it does not exceed 400 pips (40 cents) for XAUUSD to maintain effective operation.
- Capable of being run on M1 or M15 charts, providing flexibility in trading approaches.
Cautionary Note
While GOLD Scalper PRO is a robust system, it is important to understand that no trading system is flawless. Even the best systems will experience periods of loss, and using reasonable Stop Loss levels is essential for risk management.
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