The Golden Beard Forex Software, an Expert Advisor specifically designed for gold trading, presents a unique algorithm that maintains a check on risk levels. This mechanism ensures that the robot does not exceed a predetermined drawdown value, thus making it a comprehensive Forex Risk Management tool.
Strategy: Trend and Contrend
The Golden Beard Forex Software operates on a blend of trend and contrend strategies. Despite the volatility often associated with Forex Trading, this software keeps the risk under control. The effectiveness of this tool is evident from its ability to pass 99% of the historical backtest using every tick. This impressive result is a testament to the quality of the product.
Parameters of the Golden Beard Forex Software
This Forex Software comes with several adjustable parameters. The ‘Lots’ and ‘BlLot’ parameters are responsible for adjusting the lot and autolot values respectively. Meanwhile, ‘LotsExp’ controls the increase of the lot during a counter-trend. ‘TP’ allows the user to set the TakeProfit value in pips, and ‘Step’ regulates the counter-trend activity’s pace in points. A ‘Slip’ parameter is also available to set the slippage value.
Apart from these, the software provides options for virtual (invisible) take profit through ‘VirtTP’ and trail usage via ‘UseTrail’. The ‘TrailPoints’ parameter lets the user set the number of pips for trail usage. The ‘DDpause’ parameter helps manage the drawdown size at which trading is halted for market assessment. This value is specified in percentage. Finally, ‘PauseStep’ determines the number of pips after which the software resumes its counter-trend operation.
Versatility in Forex Trading
The Golden Beard Forex Software has been developed to work optimally with XAU/USD trading on the H1 timeframe. However, its adaptable nature allows it to function effectively on other platforms as well, using default settings. This versatility makes it a valuable addition to the arsenal of both new and seasoned Forex traders.
Performance and Testing
For those interested in the performance of this Forex tool, independent testing of the product is available on the forexroboteasy.com website. Users can also subscribe to updates on the testing results of this product for a more informed decision. Sharing personal experiences of using the Golden Beard Forex Software is encouraged to foster a community of informed users.
FAQ Section
What is the Golden Beard Forex Software?
The Golden Beard Forex Software is an Expert Advisor designed specifically for gold trading. It uses a unique algorithm that controls risk and prevents the robot from exceeding a predetermined drawdown value.
How does the Golden Beard Forex Software control risk?
The software operates on a blend of trend and contrend strategies, with an inbuilt mechanism controlling the risk. It does not allow the robot to exceed a set drawdown value, thus effectively managing the risk.
Can the parameters of the Golden Beard Forex Software be adjusted?
Yes, the software comes with several adjustable parameters that allow the user to control various aspects of trading, including lot value, TakeProfit value, counter-trend activity pace, slippage value, and more.
Where can I find independent testing results for the Golden Beard Forex Software?
Independent testing results for the Golden Beard Forex Software can be found on the forexroboteasy.com website.
This review of the Golden Beard Forex Software is independent and aims to provide a comprehensive understanding of its risk-control strategy. Its unique algorithm and adjustable parameters make it a reliable tool in Forex Trading, emphasizing the importance of Forex Risk Management. However, as with any trading tool, it is always recommended to conduct personal research and testing.
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