Description

Price Action Gold EA V2.7 MT4: The Ultimate Trading Solution for Gold Traders

Name: Price Action Gold EA V2.7 - MT4 - FREE DOWNLOAD
Price: 150.00 USD
Availability: InStock

Unlock the power of Price Action Gold EA V2.7 MT4, a cutting-edge Expert Advisor designed specifically for trading XAUUSD (Gold) with precision. This EA is built on advanced price action strategies, allowing you to take advantage of gold market movements with minimal risk.

Minimum Deposit: $200
Time Frame: M1, M5
Currency Pair: XAUUSD (Gold)

Strategy Overview

Price Action Gold EA V2.7 MT4 operates based on price action, a methodology that relies on the analysis of historical price movements to forecast future trends. This strategy avoids relying on lagging indicators, focusing instead on the most reliable source of information: the price itself.

How the EA Takes Trades

Entry Points:
- The EA identifies key support and resistance levels on the XAUUSD chart.
- It then looks for price patterns such as pin bars, inside bars, or engulfing candles that signify potential market reversals.
- Once a pattern is identified, the EA waits for price confirmation (e.g., a break of the high/low) before placing a trade.
Risk Management:
- The EA sets a tight stop loss just beyond the key level of support or resistance, ensuring minimal loss if the market moves against the trade.
- A trailing stop is used to lock in profits as the trade moves in favor of the EA’s prediction.
Take Profit Strategy:
- Take profit levels are set based on the next significant support or resistance level, ensuring that trades are closed at optimal points.
Trade Monitoring:
- The EA continuously monitors the trade and the market conditions. If it detects any major change in the market sentiment, it will either adjust the stop loss or take profit levels, or it may close the trade to protect the profits.

Key Features

Automated Trading: Fully automated execution of trades, freeing you from constant market monitoring.
Scalping Strategy: Designed for short-term gains with trades executed on M1 and M5 time frames.
Optimized for XAUUSD: The EA is specifically tailored for gold trading, ensuring it works best with this precious metal.
Advanced Risk Management: Includes sophisticated risk management tools like tight stop losses, trailing stops, and risk-reward balancing.