Chaotic Forex Robot: Features and Setup
Gold Trade Pro MT5 is a trading system specifically designed for the volatile gold market (XAUUSD). It distinguishes itself from typical grid and martingale systems by employing a breakout strategy based on daily support and resistance levels, which is inherently less risky. The system utilizes a trailing stop-loss (SL) to safeguard profits and minimize risks. It includes seven different strategies that operate together to ensure a stable growth curve, albeit with occasional losses. The recommended setup involves using a daily timeframe with a minimum balance of $200. For low-balance accounts, only strategies 2, 4, and 7 are suggested due to their lower drawdowns. The system advises starting with a 1% risk per trade, with the option to increase it based on comfort levels. Users are encouraged to perform backtests and start with a demo account to familiarize themselves with the system's behavior during live trading.