Traversing the intricate realms of trading, especially gold trading, requires precision, strategy, and the right tools. The XG Gold Robot MT5 embodies all these attributes, acting as an expert accomplice for all traders passionate about trading gold. This cutting-edge automated trading system boasts features that set it apart from other forex trading systems.
Key Features:
- Gold-Centric Design: Its core focus is on gold, effectively handling pairs like XAUUSD, GOLD, and XAUEUR.
- Innovative Dashboard: It effortlessly showcases weekly gold levels, with maximum and minimum thresholds displayed both in its panel and on your trading chart. This becomes an invaluable asset for manual trading.
- Strategic Indicators: Utilizing a potent mix of Price Action, Cycle Strength, SMA Strength, and RSI, along with two proprietary custom indicators. This elevates its trading system mt4 and mt5 capabilities.
- Time & News Filters: These ensure the system doesn’t open positions around high-impact news periods, thereby minimizing risks.
- User-driven Enhancement: The team behind XG Gold Robot MT5 actively welcomes feedback, refining the product based on user suggestions. Updates are easily downloadable from MT4-MT5, ensuring your forex trading methods are always in sync with the latest advancements.
How to Test the Robot:
- Deposit: $1000
- Custom date range: 01/01/2022 to 27/04/2023
- Select Every tick
- Risk percentage: 5-10%
- Leverage: 1:500
- Risk mode: Choose between Low or Medium
- Commence testing on MetaTrader 5.
Setting Up:
- After purchasing the EA, send a purchase confirmation screenshot. You’ll receive the user manual and gain access to a supportive community where you can discuss settings and strategies.
- The multilingual manual (available in English, Arabic, Chinese, and more) provides a comprehensive breakdown of functionalities. Few tweaks and you’re good to go.
- Activate AutoTrading, apply the EA to the recommended H1 chart, configure settings, and you’re set.
- For optimal results, it’s suggested to pair the robot with a broker offering low spreads, minimum deposit of $1000, leverage ranging from 1:30 to 1:1000, and an active news filter. Using a VPS ensures 24/7 connectivity.
Parameters:
- Trading Pairs: GOLD, XAUUSD, XAUEUR
- FIFO compatibility
- Weekly Gold Level displays
- Risk percentage selection
- Risk mode settings: Low, Medium, High
- Customizable trading comments
- Trade Hours configuration
- MaxSpread safeguard
- NewsFilter activation
- Trading adjustments around news periods
- Currency-specific news reporting
- Trading during holidays toggle
Specifications:
- Timeframe: H1
- Minimum lots: 0.01
- Platform: MetaTrader 5
- Deposit: Minimum $1000
- Leverage: From 1:30 up to 1:1000
- Suitable for accounts: Hedging, Zero, Micro, Standard, Premium, ECN
In conclusion, the XG Gold Robot MT5 doesn’t just offer automated forex trading, it promises a refined currency trading strategy, pushing the boundaries of best forex trading standards. Whether you’re a novice or an expert, it’s a quintessential tool to enhance your forex auto trading arsenal.
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