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Overview
Looking for a reliable and efficient Forex trading tool? The ZGer Gold Auto Trade EA might be the solution. This Forex software utilizes a unique gold investment strategy that is not sensitive to the timeframe in the backtest. With a minimum deposit of $800 and a max trade of 35, it provides a simple trend-following strategy for automated trading.
Understanding the Gold Auto Trade Strategy
The ZGer Gold Auto Trade EAโs strategy is based on the behavior of candle bars in Forex trading. Specifically, it looks for candles with large bodies that close outside the previous candleโs body. The EA uses this data to predict potential trends and inform its trading decisions.
Buy and Sell Signals
When the current candle closes above the previous candleโs high, the ZGer EA interprets this as a sell signal. Conversely, if the current candle closes below the previous candleโs low, itโs seen as a buy signal. These signals are based on the assumption that candles with large bodies closing outside the previous candleโs body are more likely to continue in the direction of the trend.
How the ZGer EA Calculates Trades
The EA calculates the average bar over a specified number of candles and then compares it to the current candle barโs body. If the current candle barโs body is larger than the average bar and the candle closes above the previous candleโs high, the EA sells. If the body is larger and the candle closes below the previous candleโs low, the EA buys.
An Example of ZGer EA in Action
Letโs say the EA is set to look back at the previous 10 candles when calculating the average bar. The current candle bar is a bullish engulfing candle, meaning that it opened below the previous candleโs low and closed above the previous candleโs high. The EA calculates the average bar and finds that it is smaller than the current candle barโs body. Since the current candle barโs body is larger than the average bar and the candle closed above the previous candleโs high, the EA will sell.
Post-Purchase Support
After purchasing the ZGer EA, customers can contact the vendor for the set files and timeframes. This support ensures that traders can fully harness the softwareโs capabilities for optimal gold investments.
Frequently Asked Questions (FAQ)
Where can I see independent testing of the ZGer Gold Auto Trade EA?
You can watch independent testing of this product on the Forex Robot Easy website. You can also subscribe to updates on the results of testing this product.
Yes, we invite all users to share their experiences with the ZGer Gold Auto Trade EA. Your insights can help other traders make informed decisions about this Forex software.
This ZGer EA review is an independent analysis of the product. It is not affiliated with the productโs vendor or any other third party. The review is based on publicly available information and aims to provide traders with a comprehensive understanding of the ZGer Gold Auto Trade Strategy.
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