Gold Speed EA v6.6 MT5 (Expert Advisor) for MetaTrader 5 (MT5) is a trading bot designed to automate the trading of gold (XAU/USD). It appears to focus on capturing the “speed” or momentum of price changes, potentially with a scalping or swing trading approach. The EA may utilize multiple indicators and features to manage trades, including potential news filters and drawdown limits.
Key Features and Considerations:
- Trading Pair:Primarily designed for XAU/USD (Gold).
- Timeframe:Likely uses a short-term timeframe, potentially M5 or M15, based on indicator usage and the concept of “speed”.
- Indicators:May incorporate indicators like Stochastic, Momentum, Envelopes, Pin Bar, and Bollinger Bands to enter and exit trades.
- Scalping/Swing:The EA’s approach might involve scalping (fast, frequent trades) or a swing trading strategy that focuses on price movements over a longer period.
- Risk Management:The EA may offer features to manage risk, such as setting maximum daily drawdowns, and might include options for adjusting lot sizes based on account balance or equity.
- News Filter:Some EAs like the “Blitz Gold EA Pro” may have a news filter feature (though not yet implemented in some versions), aiming to avoid trading during high-impact news events.
- Backtesting:Backtesting results should be viewed as reference only, as real trading performance can vary.
- VPS:A Virtual Private Server (VPS) is often recommended for EAs to ensure stable and reliable performance.
- Performance:Remember that no EA guarantees profits, and all EAs have periods of both gains and losses.
- Support:It’s important to note that some EAs, like the “XG Gold Robot,” have faced negative reviews and accusations of manipulation.
Important Notes:
- Risk: Trading with EAs involves inherent risks, and it’s essential to understand the EA’s trading strategy and potential drawdown risks.
- Backtesting: Backtesting results can be a helpful starting point, but real-world performance may vary.
- Support: Ensure the EA provider offers adequate support and documentation.
- Due Diligence: Thoroughly research any EA before investing real money.
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 Speed EA v6.6 MT5.ex5
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Disclaimer:
The EAs sold on our channel are not created by us.
We are only resellers of these EAs and the EA performance cannot be guaranteed or predicted.
Past performance is no guarantee of future results. We seek the EA on an ‘as is’ basis and only the version mentioned is being sold.
All future updates will be on a best effort basis and could involve further fees to be paid owing to acquisition and unlocking costs.
EA updates are thus not automatic and not guaranteed.
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