Gold EA MT5

Gold EA MT5 has emerged as a promising tool in the Forex trading scene, providing a unique way to maximize profits while minimizing risks. This fully automated trading robot is developed using the ‘Trend for MT5’ indicator, incorporating a neural network grid system to identify high-probability trading opportunities.

Streamlined Trading with Gold EA MT5

When it comes to Forex trading, striking a balance between risk and reward is key. The Gold EA MT5 tool is designed with this principle in mind. It operates on an initial minimum deposit of 250 USD per 0.01 initial lots. For every position, the tool sets a hidden stop loss, ensuring a safety net for your investment. The tool excels in trading with XAUUSD, and the maximum drawdown it experiences is relatively low.

Efficient Backtesting with MT5

The Gold EA MT5 tool offers the possibility to conduct a 1-minute open price backtest on the MT5 client, giving traders a comprehensive understanding of potential trading scenarios. This feature is indicative of the tool’s value, which is expected to be higher than its current price. The subsequent price rise is an eventuality worth considering.

Understanding the EA Operation

The Gold EA MT5 is suitable for hedge accounts and brokers with the additional last one decimal of the price. It is not sensitive to spreads and slippages, though using excellent ECN brokers is suggested. The tool is designed for XAUUSD, and the default timeframe for its operations is M15. The usage is straightforward: load the EA to the XAUUSD chart, and it will begin automated trading. Switching timeframes does not affect the EA’s operation. A leverage equal to or above 1:100 is recommended, with initial lots being 0.01 for every 250 USD deposits.

Main Parameters of Gold EA MT5

Gold EA MT5 operates on a few main parameters, namely, Inputlots, Distance, Tp, and Slmoney. ‘Inputlots’ refers to the initial lots with a default of 0.01. ‘Distance’ is the gap for adding next positions, with a default of 50 pips. ‘Tp’ stands for the take profit point, set at a default of 30 pips. ‘Slmoney’ is the stop loss (in money terms), with a default of 50 USD. It is generally not recommended to modify the ‘Slmoney’ parameter as the EA sets the stop loss automatically according to the formula ‘SLmoney’.

Independent Testing and Updates

For those interested in the performance of this product, independent testing of the Gold EA MT5 tool is available on the forexroboteasy.com website. Users can also subscribe to receive updates on the testing results of this product.

FAQs

1. How does Gold EA MT5 work?

Gold EA MT5 is a fully automated trading robot, developed using the ‘Trend for MT5’ indicator. It operates based on a neural network grid system, identifying high-probability trading opportunities with high profits and low risks.

2. What are the main parameters of Gold EA MT5?

The main parameters include Inputlots (initial lots), Distance (distance for adding next positions), Tp (take profit point), and Slmoney (stop loss in money terms).

3. Where can I watch independent testing of Gold EA MT5?

Independent testing of this product is available on the forexroboteasy.com website.

We invite users to share their experience of using the Gold EA MT5 tool. This independent review aims to provide an unbiased, third-person perspective of the product’s performance in the Forex trading market.