This GOLD Expert Advisor is an automated Trading MT4 EA designed specially designed to trade on XAUUSD(GOLD) pair. It claims to analyze vast amounts of market data in real time. At its core, the system uses sophisticated algorithms to identify patterns and trends. The primary goal is to provide personalized investment recommendations based on user preferences.
A clear advantage of GOLD Expert Advisor is its user-friendly interface. Investors can efficiently track their investments, access information, and make decisions without being bogged down by complexities.
One distinctive feature of this EA is its use of computer vision on trading charts. Instead of relaying trade signals through text-based descriptions, The Expert Advisor MT4 visually demonstrates potential trade opportunities on the chart. This neural network-backed visual approach aims to train users more intuitively, potentially making it easier to discern and act on key trading signals.
A unique characteristic of the EA is its periodic data reinitialization. Occasionally, the tool undergoes a phase of data collection and evaluation. This can span a few days or even longer than a week. While this may lead to no trade recommendations during this period, the process ensures a high degree of accuracy in its future predictions.
Regarding its trading methodology, the EA steers clear of risky strategies commonly seen in the market, such as martingale and grid trading. Every transaction made by this system is safeguarded by both Stop Loss and Take Profit mechanisms. However, potential users should be aware that it employs a strategy with a smaller Take Profit and a significantly larger Stop Loss, approximately in a 1 to 10 ratio. Additionally, while it maintains a conservative trading approach, resulting in only a few trades per month, there might be extended periods, even days, when the system chooses not to trade at all.
Please test in a demo account first for at least a week. Also, please familiarize yourself and understand how this GOLD Robot works, then only use it in a real account.
Recommendations for GOLD Expert Advisor
- Minimum account balance of 100$ (It can even work with 25$).
- EA is specially made to work on XAUUSD(Gold). (Work on any currency pair)
- Work best on M30. (Work on any TimeFrame)
- This GOLD Expert Advisor should work on VPS continuously to reach stable results. So we recommend running this MT4 EA Download on a reliable VPS (Reliable and Trusted FOREX VPS – FXVM)
- Low Spread, Slippage, and quick execution account is Recommended (Find the Perfect Broker For You Here)
Open Tools –> Options –> Expert Advisors. Check the option “Allow WebRequests for listed URL” Add the following: “https://ec.forexprostools.com”, “https://www.worldtimeserver.com” and press “OK.” The EA takes news from the specified websites.
Conclusion of this Expert Advisor MT4
While this Expert Advisor MT4 showcases promising features like real-time market data analysis and a unique visual trading signal approach, prospective users should be aware of its periodic data reinitialization. It means there might be times when the EA won’t provide trading signals. Nonetheless, for those seeking a visually intuitive trading tool, GOLD Expert Advisor could be worth a closer look.