Gold Trades Pro does not use any risky trading style, but rather presents 7 simple trading strategies based on breakouts of daily support and resistance levels. These strategies work well together and are very effective for a volatile pair like gold. Every trade has a TP and SL from the start, and the EA will use a trailing SL to minimize risk and maximize profit if price starts to move in the right direction.
Attention !!! Please read carefully the rules for installing the advisor, and install it correctly. Before publishing, we check everything and publish only those advisors that work on our accounts !!! At least at the time of this article’s publication.Also, please note that the name of the adviser has been changed, you can find the original name of the adviser in our telegram channel https://t.me/FX_VIP/2116
|Money management||At least 200 currency units|
|Recommended brokers||RoboForex, IC Markets, ALPARI|
|For advisor recommended to use VPS 24/5||Zomro (most affordable Windows server only $ 2.75 per month)|
I did not conduct backtesting, since there is account monitoring, you can get acquainted with it in more detail by clicking on the link below
Judging by the monitoring of the developer, the advisor works quite effectively, the maximum drawdown is very small and the profit brings in impressive, it does not trade often since it works on the daily timeframe, it enters into transactions approximately 2-3 times a month, but the number of orders is approximately 10-15 per month, this is due to the fact that the advisor works on seven strategies and places one order for each.
The developer recommends that for accounts with a small balance ($200-$400) use only strategies 2,4 and 7, as they have the smallest drawdowns. I recommend using Risk Per Trade and starting with a 1% risk per trade. If you feel comfortable, you can always increase the risk.
For this advisor, I recommend using accounts with a minimum spread, it is better to use the RAW account of this broker IC Markets , it is also recommended to use a fast VPS server for smooth operation, I highly recommend opening an account here Zomro and select “Server for Forex”, it costs about $3 per month.
Happy trading everyone!!!
Reminder: As with every trading system, always remember that forex trading can be risky. Don’t trade with money that you can not afford to lose. It is always best to test EA’s first on demo accounts, or live accounts running low lotsize. You can always increase risk later!