GoldenScalp MT4

In the realm of Forex trading, the GoldenScalp MT4 has emerged as an expert gold trading advisor, specifically designed for algo traders. This trading software, compatible with MetaTrader 4, has been meticulously developed to simplify automated trading.

Trading on Gold (XAUUSD)

GoldenScalp MT4 is designed to facilitate trading on gold (XAUUSD), across any timeframe. This flexibility allows traders to use the same trading strategy on any timeframe. It’s worth noting that it can function optimally with an initial account balance starting from as low as $50.

Presets for Customized Trading

The software comes with multiple preset options to accommodate different trading styles and risk appetites. The “GS default SL 001for100” is the standard setting, featuring several closing logics and a hidden StopLoss, which is individually calculated for each position based on the volatility of the prior hours. The trading lot is set at the rate of 0.01 for every 100 balance units. If a trader wishes to reduce risk, the “Funds_for_0.01_of_Lots” parameter can be increased.

Grid Trading and Risk Management

GoldenScalp MT4 also offers grid trading options. The “GS grid classic 001for200” preset, for instance, does not have a StopLoss. If the price moves in the opposite direction, averaging positions are opened – a classic ‘grid’ trading strategy. The trading lot is set at the rate of 0.01 for every 200 balance units.

For those who prefer a safety net, the “GS grid with SL10pr 001for100” preset ensures that the total floating loss is capped at 10% of the balance in a day. Further modifications of this setting are available for varying risk levels.

Adjusting for Economic Events

One of the standout features of the GoldenScalp MT4 is its ability to adjust trading strategies based on important economic events. This is achieved by allowing the software to access economic news updates from a list of allowed URLs. This feature ensures that the trading strategy stays relevant in a rapidly changing economic environment.

Independent Testing and Updates

Traders can view independent testing results of the GoldenScalp MT4 on the forexroboteasy.com website. By subscribing to updates, traders can stay informed about the latest testing results of this product.

Frequently Asked Questions

Can the trading lot be adjusted?
Yes, GoldenScalp MT4 allows traders to adjust the trading lot by modifying the “Funds_for_0.01_of_Lots” parameter.

Does the software take economic events into account?
Yes, GoldenScalp MT4 can access economic news updates from a list of allowed URLs, ensuring the trading strategy stays relevant in rapidly changing economic conditions.

Where can I view independent testing results?
Independent testing results can be viewed on the forexroboteasy.com website.

GoldenScalp MT4 has revolutionized the world of automated trading by offering a wide range of features that cater to both risk-averse and risk-tolerant traders. If you have any experience using this product, we invite you to share it to help others make an informed decision.