GOLD Scalper PRO MT5 is a highly effective and profitable trading strategy specifically developed for trading GOLD (XAUUSD) in the forex market. It utilizes a proven trading principle that has been widely exploited by Smart Money traders for over 15 years. The strategy is based on entering positions in the direction of a distinctive market impulse and following correction.
Unlike many other trading systems, GOLD Scalper PRO MT5 does not rely on curve-fitted parameters. Its trading logic is simple yet robust, requiring only a few parameters to be profitable. This classical trading strategy employs reasonable stop-loss levels and an effective entry and exit logic, ensuring a low drawdown and solid performance.
One of the key features of GOLD Scalper PRO MT5 is its strong and pure trading logic. It also incorporates a highly effective exit algorithm, allowing for 24/5 trading without any time restrictions or GMT shift hassles. The strategy utilizes reasonable take-profit and stop-loss levels, with an optional ATR-based algorithm. Its solid 14-year backtest performance, along with real tick and spread backtests, prove its profitability under real market conditions.
GOLD Scalper PRO MT5 comes equipped with several advanced features, including an advanced news filter, stealth mode, advanced time management system, email and push notification system, and a Friday exit system. These features enhance the overall trading experience and provide additional control over the strategy.
To ensure optimal performance, it is recommended to test GOLD Scalper PRO MT5 on a demo account first in order to become familiar with its features and settings. The lot size may vary between brokers, so it is important to verify that the AutoMM function calculates the correct lot size for your account. Additionally, it is crucial to ensure that the spread of your broker in normal conditions does not exceed 400 pips (4 cents) in XAUUSD (GOLD/USD).
The EA can be run on M1 or M15 charts, as all used time frames are hard-coded. Backtesting and optimization can be performed on M1 charts using the open price only method to save time.
It is important to note that even the best trading system may experience some bad periods. GOLD Scalper PRO MT5 utilizes reasonable stop-loss levels, which can be hit in unfavorable market conditions. Therefore, it is advised not to leave negative comments after every stop-loss hit or losing trade.
For more information and a complete list of settings, please visit the blog associated with GOLD Scalper PRO MT5. Independent testing of this product can be found on the forexroboteasy.com website, where users can also subscribe to updates on the results of testing.
In conclusion, GOLD Scalper PRO MT5 is a reliable and profitable trading strategy for trading GOLD in the forex market. Its strong and simple trading logic, along with its advanced features, make it a valuable tool for traders seeking consistent profits. Share your experience with this product and discover its potential in your trading endeavors.
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