🤖 EA name: Gold Trade Pro
📦 Version: 1.0
💻 Platform: MT4
🛠Vendor/Source: –
📈 Strategy: Trading levels
⏰ Timeframe: D1
🌍 Currency pairs: XAUUSD
🌓 Trading time: Around the clock
⚠️ Attention: Before using on a real account, be sure to test and check on a demo account.
📊 Monitorings found: –
🔬Monitoring by ea_forexlab: –
⏳ Test period: 2018.01.07 – 2023.09.12
🏛 Tick Data Provider: Darwinex (TDSv2)
🧭 GMT: +2; DST: US
Real spread: ✅
Slippage: ❌
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Description of the work of a forex advisor
Gold Trade Pro scalping strategy Forex joins the club of gold trading advisors, but with one big difference: it is a true Forex scalping trading strategy.
What is meant by “real trading strategy”? As you may have noticed, almost all Gold Expert Advisors on the market are simple Forex grid/martingale trading systems that add trades when the Forex market moves against the initial position.
They are often disguised as “neural network/AI/machine learning”, but if you know a little about automated forex trading and advisors, you can easily identify them as simple grids and martingale systems that are very risky to your deposit.
Although this type of forex strategy may look good in backtests (a straight line, often even manipulated in the tests to increase sales), they always, without exception, fail in the end with a margin call and the entire trading account being wiped out.
This happens again and again. Why? Because gold is a very volatile instrument and there will be a big move against the grid/martingale in the future despite excellent backtests.
Don’t be fooled by the “perfect backtests” of advisors… there is no straight line up in real trading, so if the backtests look too good to be true, they always are.
This is the difference between scalping strategy Forex – EA Gold Trade Pro. He does not use any risky trading style, but uses a fairly simple trading strategy based on breakouts of daily forex support and resistance levels. This Forex scalping strategy is very effective for such a volatile pair as gold.
Each scalping strategy Forex EA trade has a TP and SL from the start, and the EA will use a trailing SL to minimize risk and maximize profit if price starts to move in the right direction.
The scalping strategy Forex EA Gold trade Pro already has 7 different strategies built in that work perfectly together. The result is a very stable growth curve, with some drawdowns.
Conclusions on the trading advisor
According to the test results in Tick Data Suite Expert Advisor scalping strategy Forex – Gold Trade Pro EA showed a positive result. Testing was carried out on high-quality tick history from the Forex broker Darwinex for the financial instrument gold (XAUUSD). A high-quality backtest allows us to draw conclusions about this Expert Advisor as a trading algorithm that has high predictive properties and is capable of generating profits over a long period of time.