Gold Sand Forex Expert Advisor is an automated forex robot work. The EA is simple and convenient to use just attach it with the default settings on EURUSD, GBPUSD, NZDUSD, AUDUSD, AUDJPY, and USDCHF. Or with the given set files it works well with Gold(XAUUSD) too. These robots work best on M15 and H1 TimeFrame.
This EA can get a bit risky sometimes since it utilizes the martingale method sometimes. Because of this method, this EA has a very high ROI(Return of investment). According to the developers, this automated trading system is able to perform miracles. How Much Profit you can make monthly depends on your lot size, and risk value. Still, the developer claims Gold Sand EA can profit around 300%(average) Monthly.
With a Long time of using this strategy, Blowing your account is a possibility, however, with the periodic withdrawal of investments, the theory of probability works in our favor. After the initial investment is withdrawn, the dangerous martingale strategy immediately becomes break-even and highly profitable.
The strategy With this EA is to profit fast and then withdraw fast. Of course, this is a grail, and with such a risk, the adviser can someday drain the deposit. But the main rule is to withdraw the deposit after doubling the deposit.
Please test in a demo account first for at least a week. Also, Make yourself familiar with and understand how this Magic Sand EA works, then only use it in a real account.
Recommendations for this Forex Expert Advisor
- Minimum Account balance of 200$ for the risky method or 100$ cent account for the safe method.
- Risky Method – You can use a 200$ account the withdraw the deposit after doubling the deposit method. This method is risky since Gold Sand Robot can double the 100$ Accounts in a week or two with a chance to blow the account too. (But it can be mostly avoided by using this EA inbuilt News filter function. So make sure you turn it ON) .
- Safe Method – You can also use a 100$ cent account or an equivalent normal account for the safe Method.
- Work Aggressively on M15 and H1 TimeFrame for Safe running. (Work on any TimeFrame)
- Work Best on EURUSD, GBPUSD, NZDUSD, AUDUSD, AUDJPY, USDCHF(Work on any currency pair)
- It also works on Gold(XAUUSD) and it comes with set files for that. You can use 500$ for the risky method or 500$ cent account for the safe method.
- You don’t have to worry about economic news since this EA comes with a news filter. So make sure you turn the News filter ON. Keep in mind that the news filter doesn’t work on backtesting so those results aren’t entirely accurate. So, The real result can drastically change from backtesting (in a good way).
- For best performance Recommend running Magic Sand MT4 Forex Robot 24/5, Recommend using a VPS (Reliable and Trusted FOREX VPS – FXVM)
- Low Spread ECN account is also recommended (Find the Perfect Broker For You Here)
- Download Trade Explorer EA – [Cost $697]