Gold Trend Scalping MT4
Gold Trend Scalping is the first EA I designed specifically for gold.
The EA uses a following trend trading strategy based on larger time frames.
It employs a super trend to detect the main trend of the larger time frame and then opens trades on smaller time frames.
The EA always uses a fixed stop loss for each trade, set at 100 pips.
It also incorporates a trailing stop to secure profits.
The EA does NOT use risky strategies such as martingale or grid.
Setup:
– Currency Pair: XAU
– Timeframe: M15
– Minimum Deposit: Any (depending on your broker’s requirements)
– Account Type: Any; Live signal is using Standard Account, spread = 5-15 (2 digits)
Characteristics:
– Trades on XAU.
– Does not use Grid, Hedge, or multiple open trades.
– Each trade is protected by a Stop Loss.
– Built-in automatic lot sizing function.
– Very easy to install; no need to change settings; default settings are suitable for most brokers.
– Use a VPS to keep the EA running 24/7 (highly recommended).
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