Golden Scalper EA MT4 NoDLL

Description

Golden Scalper EA MT4 NoDLL

Strategy Overview

Golden Scalper EA MT4 NoDLL employs a Trend Follow strategy, leveraging the pure price action of the commodity market, specifically targeting gold (XAUUSD). Here’s what you need to know:

1. Algorithm: The EA’s specialized algorithm analyzes gold price action and patterns.
2. Timeframes: It operates effectively on M15, H1, and other higher timeframes.
3. Risk Management: The EA incorporates robust risk management mechanisms to protect your capital.

Key Features

1. Scalping Strategy: The EA capitalizes on short-term price movements in the gold market. It aims to swiftly extract profits from intraday fluctuations.
2. Money Management System: Set your risk tolerance as a percentage, and the EA will automatically calculate lot sizes based on your account’s free margin.
3. Advanced News Filter: Avoid trading during critical news events to minimize risk.
4. Time Management System: Configure specific trading hours and weekdays to avoid dangerous periods.
5. Friday Exit System: Close all trades on Friday evening at your preferred time.
6. Manual Trading Option: The EA provides manual trading buttons (BUY and SELL) for additional flexibility.

 

Recommended Settings

• Currency Pairs: Focus on XAUUSD (Gold) and other major pairs.
• Minimum Deposit: While the exact minimum deposit isn’t specified, consider starting with at least $200 for effective trading.
• Leverage: Use leverage suitable for your risk appetite and broker requirements.
• Minimum Lots: The EA dynamically adjusts lot sizes based on risk percentage.

How the EA Takes Trades

1. Price Action Analysis: The EA identifies gold price patterns.
2. Trade Execution: Based on historical patterns, it enters trades.
3. Risk Control: The EA manages risk through stop loss and take profit levels.
4. Real-Time Monitoring: Keep track of trades, equity, and performance.

Download and Community

• You can download the EA from our website: https://yoforex.org/product/golden-scalper-ea-mt4-nodll/
• Join our Telegram community: https://t.me/yoforexrobot

 

Remember, while the EA automates trading, always stay informed and monitor its performance.

 

🚀📈Happy Trading🚀📈