The XG Gold Robot MT4 has carved a niche for itself in the realm of Forex trading. It is a specialized bot explicitly designed for trading in Gold. The EA (expert advisor) has been extensively tested and is known for its proficiency with the XAUUSD, GOLD, and XAUEUR pairs. This article provides an unbiased review of the trading software, its features, and actual results.
Design and Functionality
The XG Gold Robot MT4 comes with an inherent function that displays weekly Gold levels. These levels, which show the minimum and maximum, are displayed on a panel and on the chart, which considerably aids in manual trading. The robot’s strategy is based on Price Action, Cycle Strength, SMA Strength, RSI, and two other custom indicators integrated within the strategy.
Advanced Features
This automated Forex trading software comes with a plethora of advanced features. It has a time filter that delineates trading days and hours. The news filter prevents the EA from opening positions 60 minutes before and after the release of critical data or high impact news. There is also a spread filter that offers additional protection during important news and events. All these parameters can be adjusted according to the trader’s preference in the EA settings.
Customer Support and Updates
The manufacturers of the XG Gold Robot MT4 value customer feedback. They accept customer suggestions and incorporate new features based on them. All new updates are free and can be easily downloaded from MT4-MT5. Independent testing of this trading software is available on forexroboteasy.com. Traders can also subscribe to updates on the test results of this product.
Setting Up the XG Gold Robot MT4
The process of setting up the robot is straightforward. After purchase, traders need to send a private message with a screenshot of their purchase confirmation. Upon confirmation, a manual and access to a private group are provided where support and other users can assist with all the settings. It is recommended to read the manual thoroughly, which is available in multiple languages, including English, Arabic, Chinese, Dutch, French, German, Italian, Japanese, and Spanish.
FAQ Section
What are the recommended trading pairs for XG Gold Robot MT4?
The recommended trading pairs are GOLD, XAUUSD, XAUEUR.
What is the minimum deposit required for using XG Gold Robot MT4?
The minimum deposit required to use this EA is $1000.
Is there a news filter in XG Gold Robot MT4?
Yes, there is a news filter that blocks new trades during high-impact news.
How often are the updates for XG Gold Robot MT4?
All new updates are free and can be easily downloaded from MT4-MT5.
We encourage readers to share their experience using the XG Gold Robot MT4. As this is an independent product review, we value your insights and experiences. This comprehensive review aims to provide potential users with an unbiased understanding of this unique Forex trading software.
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