Gold Trade Pro MT5

Gold Trade Pro MT5 is a unique forex software that stands out in the crowded field of gold trading Expert Advisors (EA). This premium software provides a genuine trading strategy, moving away from the risky grid and martingale systems that are common in the forex market.

Unique Forex Trading Strategy

Gold Trade Pro MT5 breaks the mold of conventional forex software by offering a “real trading strategy,” focusing on the breakouts of daily support and resistance levels. This approach proves to be highly effective for the volatile gold pair, giving the traders an edge in the forex market. Unlike its competitors, Gold Trade Pro MT5 does not rely on risky trading styles but focuses on a simple yet effective forex strategy.

Limitations of Traditional Forex Software

Many forex software on the market claim to use “neural network/AI/Machine learning” strategies, which can be easily identified as simple grid/martingale systems by experienced forex traders. These systems often produce beautiful backtests but can lead to a margin call, wiping out the complete trading account. Gold Trade Pro MT5 departs from this risky approach, ensuring a stable growth curve.

Setting Up Gold Trade Pro MT5

Getting started with Gold Trade Pro MT5 is a straightforward process. Users need to open a gold chart on daily timeframe, drag the EA to the chart, and set the lot size settings. The software is designed to work best with the XAUUSD/GOLD pair. The software also allows users to adjust risk settings and recommends starting with a 1% risk per trade. It is recommended to backtest the EA and start on a demo account to understand its operation better.

Features of Gold Trade Pro MT5

Gold Trade Pro MT5 comes equipped with seven different strategies built-in, working seamlessly together to ensure stable growth. Each trade is equipped with a Take Profit (TP) and Stop Loss (SL) from the outset. The EA also uses a trailing SL to minimize risk and maximize profits if the price starts moving in the right direction.

Frequently Asked Questions

Is Gold Trade Pro MT5 suitable for low balance accounts?

Yes, for low balance accounts ($200-$400), it is recommended to run only strategy 2,4, and 7 as they have the lowest drawdowns.

What is the recommended risk setting for Gold Trade Pro MT5?

The software recommends starting with a 1% risk per trade. Once users are comfortable, they can increase the risk.

Is there a provision for independent testing of the product?

Yes, users can watch independent testing of Gold Trade Pro MT5 on the forexroboteasy.com website. Users can also subscribe to updates on the results of testing this product.

We welcome you to share your experience with the Gold Trade Pro MT5. Remember, the choice of forex software can significantly influence your trading experience and potential returns in the forex market.

This independent product review is intended to provide a balanced and unbiased assessment of Gold Trade Pro MT5, a premium forex software that promises a unique approach to forex trading.