Product Link: https://www.mql5.com/en/market/product/113814
Signal: https://www.mql5.com/en/signals/2199712
Trading gold is attractive to many traders due to the high volatility and depth of the
market.
Should we invest in gold or just scalp it?
Answering this question is a big challenge for many traders.
X trading robot is the answer to this challenge.
This robot simulates dynamic investment (investment with scalp) and catches longterm trends as well as small fluctuations.
Recommendations
| Trading pairs |
XAUUSD
|
| Timeframe | M5,M15,M30(M15 is the best) |
| Minimum deposit | $500 |
| Leverage | Minimum 1:20 |
| Brokers | Every Brokers, Lowest swap or swap-free accounts |
| Account Currency | USD,EUR |
Explanation of algorithm
The robot defines 2 types of positions; Fixed positions and temporary positions. Fixed positions are for getting maximum profit from super trends and position positions are for getting profit from small price fluctuations.
Opening positions by detecting divergence and closing them by specific profit margin or trailing stop loss.
The robot algorithm is designed based on divergence detection and capital management. so that it avoids dangerous risks and works in the safest possible state.
Some recommendations for better performance
- Use in accounts with less spreads and commission
- EA has a time filter, can be used when market has fluctuations and in news time.
Reviews
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