The Best Gold Trading Robot is designed for trading XAU/USD (gold) on the M1 (1-minute) timeframe, making it suitable for high-frequency trading. It employs a scalping strategy, utilizing Bollinger Bands and Standard Deviation as key indicators. Its core focus lies in executing rapid trades, based on market volatility and price action.
Entry Volume (Lot Size)
The default lot size is 1.00 per trade, providing a stable position size. Traders can adjust this parameter based on own risk preference.
Stop Loss and Take Profit
Stop Loss: Not predefined (default set to 0 pips), meaning it requires manual configuration.
Take Profit: Not predefined (default set to 0 pips), giving flexibility in defining profit targets.
Indicators Used
Bollinger Bands (Period: 27, Deviation: 3.09)
Used to identify volatility-based trading opportunities.
Standard Deviation (Period: 63, Level: 1.00)
Helps gauge price dispersion to confirm trade exits.
Entry Time Filter (Active from 11:17 to 22:44)
Restricts trade execution to specific market hours.
Check out our Free Expert Advisors Startup Guide before installing the robot.The best gold trading robot is designed for educational purposes. Always test the best XAUUSD robot thoroughly on a demo account before live deployment. Its performance depends on market conditions and proper parameter configurations.
