As the forex trading landscape evolves, the Gold Multiply Funds Expert Advisor (EA) has emerged as a noteworthy tool for the year 2022. This fully automated EA is designed exclusively for trading gold. While the November 2022 results were not as impressive due to the range-bound market, it is recommended to consider the entire history before making an investment decision.
Investment Recommendation
Based on the experience of financial market experts, the Gold Multiply Funds EA is designed to deliver substantial compounding results. The common mistake that traders make is to invest heavily and trade high quantities, which often leads to heavy losses and account wipe off. The objective of this EA is to compound from an investment of 210 USD to 100k profits in a year. This is achievable because the EA compounds lots on every 70 USD balance.
Automated Trading and Forex Market Analysis
The Gold Multiply Funds EA operates on the XAUUSD symbol and works best on the 30-minute timeframe. The minimum deposit required to start is 210 USD, and the minimum leverage is 1:500. The EA is designed to open a 0.01 lot trade at every 70 USD, following standard round-off calculations to determine the lot size. The EA recommends a profit target, for instance, 50,000 USD. Once the sum of the profit reaches the target, all trades are closed and a new cycle begins.
Forex Trading Strategies
Unlike many other EAs, the Gold Multiply Funds EA does not employ martingale, grid, or averaging strategies. Instead, it uses a stop-loss of 10 points for each position and a take profit of 11 points for each position. The EA is designed to work optimally with ECN spread.
Backtesting and Real Forex Results
Backtesting results may vary slightly from one broker to another. However, the Gold Multiply Funds EA has been tested extensively on VantageFx and is recommended for use with the same broker. The system places orders using neural network analysis, and it requires all timeframe data for backtesting. The backtest results can be compared with personal backtest results using the VantageFx broker.
FAQ
What is the risk of using the Gold Multiply Funds EA?
Like any investment, using the Gold Multiply Funds EA carries a risk. Past performance does not guarantee future profitability, and the EA could also make losses. The strategy always uses a stop loss, but the execution of the stop loss depends on the broker. The maximum loss will be the total investment used at the start, which should be a minimum of 70 USD, but 210 USD is recommended.
How to set up the Gold Multiply Funds EA?
The Gold Multiply Funds EA is easy to install and set up. A detailed setup guide is available, and assistance is also provided to set up the trading environment.
For independent testing of this product, visit the forexroboteasy.com website. Subscriptions for updates on the results of testing this product are also available. If youโve had any experience using this product, feel free to share your experiences. Please note that this is an independent product review, and the product is not affiliated with the author of this review.
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