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Recruitment of participants Gold Trade Pro V6.1

Gold Trade Pro V6.1

GOODMEN

Administrator
Staff member
Gold Trade Pro V6.1

Gold Trade Pro joins the club of Gold trading EA's, but with one big difference: this is a real trading strategy.

What do I mean with "real trading strategy"? As you probably have noticed, almost all Gold EA's on the market are simple grid/martingale systems, that add trades when the market goes against the initial position.

They are often disguised as "neural network/AI/Machine learning", but if you are a bit experienced in forex and EA's, you can easily identify them as simple grids and martingale systems, which are very risky.

While that type of strategy might look nice in backtests (straight line up, often even manipulated in the tests to get more sales), they always, without exception, fail in the end with a margin call and wiping out the complete trading account.

I see it happen over and over again. Why? Because Gold is a very volatile instrument, and a big move against a grid/martingale setup will happen in the future, despite the beautiful backtests.

Don't fall for the "perfect backtest" EA's... a straight line up does not exist in real trading, so if the backtest looks too good to be true, it always is.


Setting up the EA:

Recommended pair:
XAUUSD/GOLD

Timeframe: Daily

Minimum balance: 200$


reseller
 
We need latest version v4 because he added SL that adjusts to price of gold. Gold went up to 5000 so the distance is now different then when he started when gold was at about 2000$/oz
 
and i looked on authors updates, for mt4 latest update is 6.1, all good :)
you are wrong. He updated the EA to follow the price of gold. Gold at 5k has a different SL than gold at 2k, which are previous versions under 6.4... You will have wider SL now due to higer price of gold and it will be safer. If you don't think this is true, ask Wim in chat...
 
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