🤖 EA name: Smart GOLD Expert Advisor
📦 Version: 1
💻 Platform: MT4
🛠Vendor: –
📈 Strategy: Scalping
⏰ Timeframe: m30
🌍 Currency pairs: XAUUSD, EURUSD
🌓 Trading time: Around the clock
⚠️ Attention: The ex4 EA file is quite large, over 5 mb. Which very often indicates that historical transactions or bypasses of unprofitable periods are sewn into the code. The EA is placed on a demo account for forward testing.
📊 Monitorings found: –
🔬Monitoring by ea_forexlab: https://www.myfxbook.com/members/EA_ForexLab/smart-gold-expert-advisor-ea/10364065
⏳ Test period: 2018.01.07 – 2023.07.28
🏛 Tick Data Provider: Dukascopy (TDSv2)
🧭 GMT: +2; DST: US
Real spread: ✅
Slippage: ❌
In order to download an adviser with tests, go to our telegram channel 👇
Description of the work of a forex advisor
This GOLD Expert Advisor represents a cutting-edge MT4 EA meticulously crafted for trading the XAUUSD (GOLD) pair. Its distinguishing feature lies in its ability to process and analyze vast streams of real-time market data. At its core, the system employs advanced algorithms to identify intricate patterns and emerging trends, all aimed at delivering tailored investment recommendations in accordance with user preferences.
The GOLD Expert Advisor offers a distinct advantage through its user-friendly interface. Investors can effortlessly monitor their investments, access crucial information, and make well-informed decisions without being entangled in unnecessary complexities.
One of its standout characteristics is its utilization of computer vision on trading charts. Instead of relying solely on text-based trade signals, this Expert Advisor MT4 visually illustrates potential trading opportunities directly on the chart. This innovative approach, underpinned by neural networks, seeks to intuitively educate users, potentially enhancing their ability to recognize and act upon significant trading signals.
A noteworthy aspect of this EA is its periodic data reinitialization. Periodically, the tool embarks on a phase of data collection and evaluation. While this may result in a temporary absence of trade recommendations during this period, it serves to bolster the accuracy of future predictions significantly.
In terms of trading strategy, the EA steers clear of the high-risk tactics often witnessed in the market, such as martingale and grid trading. Every transaction executed by this system is fortified by a robust combination of Stop Loss and Take Profit mechanisms. It’s important to note that the EA follows a strategy with a smaller Take Profit and a considerably larger Stop Loss, roughly maintaining a 1-to-10 ratio. Furthermore, while adhering to a conservative trading approach that results in relatively few trades each month, it’s possible for the system to refrain from trading entirely for extended periods, even several days.
Conclusions on the trading advisor
GOLD Expert Advisor is a sophisticated MT4 EA designed for trading the XAU/USD (GOLD) pair. It offers a user-friendly interface, employs computer vision for visual trade signals, and periodically enhances data accuracy. With a risk-averse strategy and robust risk management, it aims to provide a reliable and intuitive trading experience.