Forex trading has been revolutionized with the advent of automated trading software. One such significant addition to the forex software market is the Golden Horse EA, a grid Expert Advisor. This unique forex tool is currently available at a discounted price of $198, down from its original price of $498, making it an excellent value for money.
Unique Grading Strategy
Golden Horse EA stands out in the crowded forex software market with its unique grading strategy. This strategy is based on the concept of identifying ranging markets. The underlying theory of this EA is that ranging pairs usually return to their original price due to the correlation force of the major pairs. If we have a good ranging system, we can capitalize on the ranging behavior of the market.
Advanced Features
Golden Horse EA is equipped with embedded ranging market detector indicators and an advanced grid management system. The EA attempts to identify the best ranging period to avoid trending markets. Its grid management system seeks to find the optimal distance between the trades and the best exit points.
Broker Requirements
For optimal performance, Golden Horse EA requires a broker that allows hedging and the simultaneous opening of buy and sell orders. A low spread account is also recommended. The EA is optimized for EURGBP & AUDCHF. For other pairs, the default settings need to be adjusted or the developer can be contacted for assistance.
Customizable Settings
The Golden Horse EA offers a wide range of customizable settings. Users can manually set the lot size or turn on/off the auto lot size calculation. The EA also allows users to set an emergency stop loss in points, adjust the lot size risk percentage, and set a take profit ratio factor. Users can also enable or disable auto optimization and set a maximum order count. Other adjustable settings include ADR days, ADR factor, and bonus factor.
Trading Schedule
The EA also allows users to schedule trading times, including the start and end time of trading. Users can also choose to disable trading on Fridays and set a specific time after which no new trades will be opened on Fridays.
FAQs
What is Golden Horse EA?
Golden Horse EA is a grid Expert Advisor, a type of automated forex trading software. It uses a unique grading strategy based on the concept of identifying ranging markets.
What are the broker requirements for using Golden Horse EA?
The EA requires a broker that allows hedging and the simultaneous opening of buy and sell orders. A low spread account is also recommended.
Can the settings of Golden Horse EA be customized?
Yes, the EA offers a wide range of customizable settings, including lot size, emergency stop loss, risk percentage, take profit ratio factor, and trading schedule.
Independent testing of the Golden Horse EA can be viewed on the forexroboteasy.com website. Users can also subscribe to updates on the testing results of this product. We invite readers to share their experiences of using this product. Please note that this is an independent product review, and the Golden Horse EA is not affiliated with this article or its author.
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