This free Gold EA for MT4 is specifically designed to trade XAU/USD (Gold) on the M1 (1-minute) timeframe, utilizing a combination of technical indicators to navigate the market’s volatility. By incorporating a trend-following strategy, this MT4 Gold EA identifies high-probability trading signals through the Stochastic Oscillator and ADX (Average Directional Index). As a result, it enables traders to take advantage of short-term price movements with greater precision. Here is a short description of the strategy:
- Entry Amount: The strategy enters trades with a lot size of 0.10 (modifiable based on user preference).
- Stop Loss & Take Profit:
- A stop loss of 1200 pips ensures controlled risk exposure, helping traders manage potential losses effectively.
- Take profit is dynamic, allowing trades to capitalize on strong market movements.
- Indicators Used:
- Stochastic Oscillator: Detects overbought and oversold conditions for trade entry signals.
- ADX (Average Directional Index): Confirms trend strength, ensuring entries align with strong momentum.
- Trading Style: The Gold Strategy for MT4 is designed for short-term scalping and momentum trading, ensuring high-frequency trading opportunities.
With these features, the Free Gold EA for MT4 provides traders with a structured and systematic approach to trading Gold, making it an efficient tool for those looking to automate their strategy.
For installation instructions, you can download our Free Expert Advisors Startup Guide before trading with the robot.
Disclaimer: This Free Gold EA for MT4 is for educational purposes and is free to download. Get the Gold Strategy EA and test it on a Demo account. Traders should regularly monitor the performance to ensure it aligns with expectations.
