XG Gold Robot MT5

The XG Gold Robot MT5, a trading software specifically designed for gold, has been making waves in the world of Forex trading. This automated trading software was created to optimize the gold trading process. Let’s delve into the features and functionalities of this riveting Forex robot.

Unique Features of XG Gold Robot MT5

The XG Gold Robot MT5 was built with unique features aimed at making gold trading seamless. It is compatible with XAUUSD, GOLD, and XAUEUR pairs, making it a versatile tool for a broad range of traders. One of its standout features is the inclusion of a function that displays weekly gold levels. This includes the minimum and maximum levels, which are displayed both in the panel and on the chart. This feature can be instrumental for traders who like to engage in manual trading.

The strategy of the XG Gold Robot MT5 is based on Price Action, Cycle Strength, SMA Strength, RSI, and two custom indicators. These are built-in within the strategy to improve the accuracy of the trading decisions made by the robot.

Optimized Trading Parameters

The XG Gold Robot MT5 is equipped with a range of parameters that can be customized according to the trader’s preferences. Among these are the time filter, which allows the trader to define trading days and hours, and a news filter that prevents the robot from opening positions 60 minutes before and after important data or high-impact news are released.

Another important parameter is the spread filter which provides additional protection during important news and events. These features collectively make the XG Gold Robot MT5 a robust tool for trading optimization.

The XG Gold Robot MT5 Testing Process

The creators of the XG Gold Robot MT5 recommend a specific testing process for the software. This involves selecting a deposit of 1000, a custom date from 01/01/2022 to 27/04/2023, selecting ‘Every tick’, Risk Percent 5-10, and choosing a Leverage 1:500. The results of this testing are available for viewing on the independent website forexroboteasy.com.

Getting Started with XG Gold Robot MT5

To start using the XG Gold Robot MT5, traders need to purchase the EA and provide a screenshot of their purchase confirmation. They will then receive a manual and access to a private group, where support and other users can assist with settings and other enquiries. The manual is available in multiple languages, including English, Arabic, Chinese, Dutch, French, German, Italian, Japanese, and Spanish.

Traders are encouraged to use the EA with a broker who has a low spread, a minimum deposit of $1000, a leverage of 1:30 up to 1:1000, and an active news filter. It’s also recommended to run the robot on a VPS to ensure 24-hour connectivity, and to test the robot on a demo account before using it on a real account.

FAQ Section

How much does the XG Gold Robot MT5 cost?

The price of the robot is currently $799, but this is subject to change after 31 December.

What are the recommended trading pairs for the XG Gold Robot MT5?

The trading pairs that work best with this software are GOLD, XAUUSD, and XAUEUR.

Can I use the XG Gold Robot MT5 with any broker?

Yes, the XG Gold Robot MT5 is designed to be compatible with any broker and account.

How frequently is the XG Gold Robot MT5 updated?

The creators of the XG Gold Robot MT5 are committed to its continuous development and improvement. They accept customer suggestions and add new features to the EA based on this feedback. All new updates are provided for free to existing users.

We invite all users of the XG Gold Robot MT5 to share their experiences and provide feedback on the software. This impartial review is intended to provide valuable information to potential users and does not promote any product. Happy trading!