As the name suggests, the Gold scalping Forex robot is an expert advisor for Metatrader 4 designed to trade Gold on autopilot.
This expert advisor made a solid $28679.62 profit during the back test.
As always, please use this EA on a demo account first until you fully understand how it works and how it performs over an extended period of time.
This bot uses an advanced trend trading strategy to identify buy and sell trade opportunities.
The Gold scalping Forex robot should work on currency pairs too (EUR/USD, GBP/USD).
Find below the Gold scalping Forex robot performance chart (click on the picture for full size view).
- Profit: $28679.62
- Profit trades: 64.7%
- Loss trades: 35.3%
- Trading activity: 84.5%
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Recommendations & Specifications
- Trading instruments: XAUUSD (Gold) + major currency pairs
- Time frames: M5 and higher
- Minimum account balance: $100
- Demo account: Yes
- Real account: Yes
- Trading platform: Metatrader 4
The picture below shows the Gold scalping Forex robot attached to the Gold H1 chart.
Input Parameters & Settings
The following input parameter values can be modified by accessing the EA’s “Inputs” tab:
Trade buy, trade sell, support manual orders, start lots, use money management, lot multiplier, take profit, stop loss, start hour, end hour
How to install and run the Gold scalping Forex robot?
- Open the Metatrader 4 platform
- From the top menu, click on “File”
- Now click on “Open Data Folder”
- Open the “MQL4” folder
- Open the “Experts” folder
- Copy the Gold Scalping Forex Robot.ex4 file here
- Then close and restart the MT4 platform
- Attach the expert advisor to the chart
Now, you are ready to start using the Gold scalping Forex robot!