When it comes to Forex software, it’s crucial to examine every feature meticulously. In this review, we delve into the specifics of GoldKings, a Forex software offering a unique Grid ‘Rollback’ Trading System.
The Core Trading System
GoldKings is underpinned by a grid “rollback” trading system. This method capitalizes on the price’s return to its average value. To achieve this, the system employs the use of various indicators which includes the Relative Strength Index (RSI), Bollinger Bands, and Double Stochastic from different timeframes. This strategy is not frequently seen in most Forex software, making GoldKings stand out in the market.
Position Management
GoldKings employs a multi-faceted approach towards position management. To maximize profit, positions are partially closed and hedged. The system also features an option for closing on total profit, adding an additional layer of financial control for the user.
Trading Parameters
GoldKings operates with a distinctive set of trading parameters. It trades on the M15 timeframe and is installed on only one chart to trade all symbols. The primary currency pairs traded by the software are AUDCAD, AUDNZD, and NZDCAD. If the broker uses a suffix, for instance, NZDCAD.c, the suffix should be entered in the settings by the user.
Customizable Settings
One of the highlights of GoldKings is its customizable settings. Users can determine their lot at risk, lot value dynamic, and lot deposit percent. There’s also a maximum lot setting, which the user can adjust according to their trading strategy. The software also allows hedging, providing more flexibility to the trader.
Indicators and Trading Variables
GoldKings uses Bollinger Bands with a period set at 20, and RSI with a period of 30. The maximum RSI value is set at 25. The initial take profit (TP) is set at 20, with a trade distance of 30 and a trade multiplier of 1.3. These parameters can be adjusted based on the user’s trading strategy and risk tolerance.
Disclaimer
While GoldKings offers a unique and robust approach to Forex trading, it’s important to remember that all types of trading carry inherent risks. Past performance is not indicative of future profitability, and the software may also incur losses. It’s essential to trade responsibly, using only funds that one can afford to lose.
FAQ
How can I see the software in action?
You can watch independent testing of this product on the forexroboteasy.com website. You can also subscribe to updates on the results of testing this product.
Who is this product suitable for?
GoldKings is particularly suited to users who have a good understanding of the Forex market and are seeking a tool to help them with advanced trading strategies such as hedging and partial closing of positions.
We invite readers who have used this Forex software to share their experiences in the comments below. We value your insights as they can help others make informed decisions about using this product.
Please note that this is an independent product review. The content herein is provided for informational purposes only and should not be construed as financial advice.
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