Gold Coin EA v1.0 Source Code MQ4 for MetaTrader 4 (MT4) is an Expert Advisor (EA) likely designed specifically for trading gold or XAU/USD (gold against the US Dollar) or possibly other precious metals. Gold trading is popular among traders due to its safe-haven status and volatility, which presents opportunities for profit.
The Gold Coin EA MT4 is an automated trading robot that leverages advanced algorithms to execute trades in the gold market. Its primary focus is on the XAUUSD pair, utilizing a scalping strategy on the M5 timeframe. This approach allows for quick entry and exit from positions, aiming to capture small but frequent profits from short-term price fluctuations.
Key Features of Gold Coin EA v1.0:
- Scalping strategy: The robot uses a scalping strategy based on instant entry and exit from positions based on short-term price movements.
- Optimized for XAUUSD on M5: The XAUUSD Scalper is specifically tuned to trade the XAUUSD pair on the M5 time frame, allowing it to maximize opportunities in the gold market.
- Minimum Balance: The recommended minimum balance for trading with the robot is $1000. This level of balance provides sufficient margin to manage risks and allows the robot to operate effectively on short-term time frames.
- Ease of Use: XAUUSD Scalper is easy to install and configure on a trading account, making it accessible to a wide range of traders, both beginners and seasoned professionals.
Trading recommendations:
- trading on XAUUSD
- M5 timeframe
- minimum initial balance from $1000
- in XAUUSD quotes there are 2 digits after the dot.
- ECN account type.
- You can trade on PC and VPS
- The robot was tested on FXopen broker accounts.
Conclusion:
The Gold Coin EA v1.0 for MT4 is likely designed to automate gold trading, offering traders the opportunity to profit from the volatility in the gold market while using a pre-set strategy. Make sure to configure the EA according to your risk tolerance and backtest it thoroughly before using it with real funds.
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.
Important information!
For the first 2 weeks, trade on a demo account or a cent account (to choose the best trading conditions for yourself)
Install a trading advisor on a VPS
Real Account Profit Recorded every Friday (end of the trading week)
What’s in the package?
Experts:
- Gold Coin EA v1.0 Source Code MQ4.mq4
Important Notes: Only MQ4 ( Indicators not included)
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