Gold Trade Pro v5.4 MT4

Currency Pairs: GOLD XAUUSD

Timeframes: D1

Minimum Deposit: $200

Recommended Account Type: ECN and Cents

Leverage: From 1:100-1:500

Recommend broker: Roboforex
Recommend Vps: GoVPSFX

Gold Trade Pro v5.4 MT4 joins the gold trading advisor club, but with one big difference: it is a real trading strategy.

What do I mean by a “real trading strategy”?   As you may have noticed, almost all Gold EAs on the market are simple grid/martingale systems that add trades when the market moves against the initial position.

They often disguise themselves as “neural network/AI/machine learning”, but if you know a little about forex and EAs, you can easily identify them as simple grids and martingale systems that are very risky.

While this type of strategy may look good in backtests (straight line, often even manipulated in backtests to increase sales), they always, without exception, fail in the end with a margin call and the entire trading account wiped out.

I see it happen over and over again.   Why?   Because gold is a very volatile instrument and there will be a big move against the grid/martingale in the future despite excellent backtesting.

Don’t fall for “perfect backtests” of EAs… there is no straight line up in real trading, so if the backtests look too good to be true, they usually are.

This is where Gold Trade Pro differs.   He does not use any risky trading style but uses a fairly simple trading strategy based on breakouts of daily support and resistance levels.   This strategy is very effective for a volatile pair like gold.

Each trade has a TP and SL from the start, and the EA will use a trailing SL to minimize risk and maximize profit if the price starts moving in the right direction.

Gold trade Pro already has 7 different strategies built in that work great together.   The result is a very stable growth curve, with some losses here and there (but at least not manipulation to fool you).