The Mad Gold Scalper EA is an advanced Forex tool that offers a unique approach to risk management in Forex trading. It employs a quick trading strategy on Gold (XAUUSD) and a dynamic trading grid to enhance risk management. Users have the flexibility to choose between higher and lower risk settings.
Unique Features of Mad Gold Scalper EA
What sets the Mad Gold Scalper EA apart from other Forex tools is its advanced news filter. This feature allows users to configure filters for each event, including economic, federal, and job-related news. This ensures that traders are always informed and prepared for any market fluctuations.
Another standout feature of this Forex tool is its safe stop loss and max lot size options. These features make the Mad Gold Scalper EA compatible with funded accounts like FTMO. Additionally, the EA offers real backtest data with a 99.9% modelling quality, ensuring there is no manipulation or backtest conditioning.
Understanding the Settings of Mad Gold Scalper EA
Mad Gold Scalper EA comes with a range of settings that allow traders to customize their trading experience. For instance, the ‘Drawdown Protection Start’ setting enables the risk reduction software after a certain number of trades. The ‘Trailing Stop’ setting, on the other hand, enables trailing stop once the take profit is hit.
Furthermore, the ‘Risk Tolerance’ setting allows traders to adjust the take profit value of the trades. The ‘Money Management’ setting enables or disables money management, while the ‘MMmultiplier’ setting determines the money management multiplier per starting lot.
How to Use the Mad Gold Scalper EA
Before using the Mad Gold Scalper EA, traders need to add it to the allowed websites list. This can be done by navigating to Tools>Options>Expert Advisors>Allow WebRequest. After this, traders can customize the settings as per their trading needs and preferences.
FAQs about Mad Gold Scalper EA
What is the ‘Pause Before News’ setting in Mad Gold Scalper EA? The ‘Pause Before News’ setting determines the time before news not to open a new trade series. This time can be set for general news, job news, economic news, and federal news.
What is the ‘Max Lots’ setting in Mad Gold Scalper EA? The ‘Max Lots’ setting determines the maximum lots open on all charts.
What is the ‘Starting Lot’ in Mad Gold Scalper EA? The ‘Starting Lot’ is the initial lot size when starting a trade.
For a more detailed understanding and independent testing of the Mad Gold Scalper EA, traders can visit the forexroboteasy.com website. They can also subscribe to updates on the results of testing this product. We invite readers to share their experiences using this advanced Forex tool. Please note that this is an independent product review and is not affiliated with the product’s manufacturer.
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