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Goldtrade Pro EA builds on the success of its predecessor, offering a sophisticated trading solution for those looking to trade gold (XAU/USD) on multiple timeframes simultaneously. This Expert Advisor (EA) is designed with flexibility in mind, allowing users to set trade frequency from conservative to highly volatile, depending on their risk tolerance and trading goals.
Vendor website: https://shorturl.at/K9v9O
Original price: $699
Expert: The Gold Reaper MT4 V1.5_fix.ex4 Preset: propfirm.set
Key Features of Goldtrade Pro EA
1. Multi-Strategy and Confirmation Algorithms
Goldtrade Pro EA employs multiple confirmation algorithms to identify the best entry points in the market. By running several internal strategies, it spreads the risk across trades, enhancing the reliability of the system. This approach allows the EA to optimize entry prices and adapt to different market conditions effectively.
2. Robust Risk Management
Every trade executed by Goldtrade Pro EA is equipped with both a stop loss and take profit level, ensuring that risks are tightly controlled. Additionally, the EA utilizes trailing stop loss and trailing take profit mechanisms, which help to lock in profits while minimizing potential losses. This dynamic approach to risk management is crucial for maximizing the potential of each trade.
3. Proven Breakout Strategy
The EA is based on the well-established strategy of trading breakouts at key support and resistance levels. Gold, known for its volatility, is particularly well-suited to this strategy, offering numerous opportunities for profitable trades. By focusing on these critical levels, Goldtrade Pro EA is able to capitalize on significant price movements.
4. User-Friendly Setup
Goldtrade Pro EA is designed for ease of use. Users simply need to install the EA on their chart, set their preferred maximum allowed drawdown, and the EA will automatically determine the optimal trade frequency and lot size. There is no need for complex configuration or advanced knowledge, making it accessible for traders of all levels.
5. No Risky Strategies
This EA avoids high-risk strategies like grid trading and Martingale, which are known for their potential to cause significant losses. Instead, it relies on a proven methodology that has demonstrated good results across the full historical data for XAU/USD. This makes it a safer choice, particularly for those trading on prop firms.
6. Minimum Account Balance
Goldtrade Pro EA is accessible to a wide range of traders, requiring a minimum account balance of just $300. This low entry point makes it an attractive option for those looking to start trading gold without needing a large initial investment.
Backtesting and Setup
- Backtesting: The EA can be backtested on XAU/USD using the default settings or by adjusting the maximum allowed drawdown to see how it performs under different conditions. Users can also manually adjust the trade frequency to compare various outcomes.
- Setup: To get started, install the EA on the XAU/USD chart, set your preferred trade frequency (automatic by default), and choose your maximum allowed drawdown. The timeframe of the chart is irrelevant, as the EA operates effectively across all timeframes.
Important Setup Note: For the AUTO_GMT feature to function correctly, users must add the URL “https://www.worldtimeserver.com/” to the “allowed URLs” in their MT4/MT5 terminal under tools -> options -> expert advisors.
Conclusion
Goldtrade Pro EA is a powerful and versatile tool designed for traders looking to capitalize on gold’s volatility. With its multi-strategy approach, robust risk management, and user-friendly setup, this EA offers a reliable solution for both novice and experienced traders. By avoiding risky strategies like Martingale and grid trading, and focusing on proven breakout techniques, Goldtrade Pro EA stands out as a secure and profitable choice in the forex market.
