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Get link for Download Source Code "Maedina Gold Scalper"

forexroboteasy.com

Profit:
97.13$
Traders:
125
(86/39)
Most Profit Trade:
22.63$
Most Loss Trade:
-73.35$
Profit Factor:
0.82
Average Loss:
-29.55$

Overview

The Maedina Gold Scalper is a specialized Expert Advisor designed for trading XAUUSD (Gold) in the forex market. This EA utilizes a Scalping Martingale strategy and excels in ranging market conditions. It offers customizable settings to suit individual trading needs, but it is essential to backtest and forward test before using it with a live account. Additionally, adjusting the lot size based on your capital is crucial for risk management.

Scalping Strategy for Gold Trading

The Maedina Gold Scalper employs a scalping strategy, which involves making multiple trades within a short period to take advantage of small price movements. This strategy aims to capture quick profits by entering and exiting positions swiftly. However, it is important to note that scalping can be a high-risk trading technique, requiring careful analysis and monitoring of market conditions.

Key Features of Maedina Gold Scalper

1. Ranging Market Expert Advisor: The Maedina Gold Scalper is specifically designed to perform well in ranging market conditions. It identifies price ranges and executes trades accordingly, aiming to profit from short-term price fluctuations within those ranges.

2. Customizable Settings: Traders can adjust the EA’s settings based on their individual preferences and risk tolerance. It is crucial to find the optimal configuration through backtesting and forward testing to ensure the best performance.

3. Spread Requirement: The EA performs best with low spreads. It is recommended to use brokers with spreads not exceeding 20 for 2-digit brokers or 200 for 3-digit brokers. Lower spreads provide better trading conditions for the EA.

4. Broker Stop Out Level: Traders need to consider the broker’s stop out level when using the Maedina Gold Scalper. If the gold spread is 20, the broker’s stop out level should be 30% or less. For a 10 spread, the stop out level should be less than or equal to 50%. The lower the stop out level, the better the compatibility with the EA.

Capital and Lot Size Recommendations

1. Minimum Capital: It is recommended to have a minimum capital of 3,000 USD or 3,000 USC (30 USD) when using the Maedina Gold Scalper. This ensures sufficient funds to withstand potential losses and maintain a balanced trading approach.

2. Recommended Capital: For optimal performance, a recommended capital of 7,000 USD or 7,000 USC (70 USD) is advised. This higher capital allows for greater flexibility in managing trades and potential drawdowns.

3. Lot Size: The suggested lot size is 0.01 per 7,000 balance. However, traders should adjust the lot size based on their capital to effectively manage risk and maintain a balanced trading approach.

For a more advanced version of the Maedina Gold Scalper with additional trade engines and features, traders can explore the Premium Version available on the MQL5 marketplace.

Frequently Asked Questions (FAQ)

Q: Can I see independent testing of the Maedina Gold Scalper?

A: Yes, independent testing of the Maedina Gold Scalper can be found on the forexroboteasy.com website. You can review the results and performance of the EA to make an informed decision about using it in your trading strategy.

Q: How can I subscribe to updates on the testing results?

A: To receive updates on the testing results of the Maedina Gold Scalper, you can subscribe to the forexroboteasy.com website. This will keep you informed about any changes or improvements in the EA’s performance.

Q: Have you used the Maedina Gold Scalper? Share your experience!

A: If you have used the Maedina Gold Scalper in your trading activities, we invite you to share your experience. Your insights and feedback can help other traders make informed decisions about incorporating this EA into their strategies.

Please note that this review is an independent evaluation of the Maedina Gold Scalper and is not affiliated with the product’s creators. The information provided is based on the description of the product and aims to provide a neutral and professional perspective.

EASY Scalperology Bot
Update: 11 Nov 2024
Trading Conditions by EASY Scalperology Bot
Leverage:
100
Account type:
Live
Profitable by EASY Scalperology Bot
Profit:
-0.51%
AVG Daily:
0$
Deposit:
1400$
WithDrawal:
0$
Current Balance:
1392.85$
Profit:
-7.15$
Maedina Gold Scalper
Update: 11 Nov 2024
Trading Conditions by Maedina Gold Scalper
Leverage:
100
Account type:
Live
Profitable by Maedina Gold Scalper
Profit:
2.72%
AVG Daily:
0$
Deposit:
3577.2$
WithDrawal:
0$
Current Balance:
3674.33$
Profit:
97.13$
Review: Maedina Gold Scalper – Expert Advisor for XAUUSD Trading

forexroboteasy.com

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Farah_Suhinin

1 review

12 months ago

Unbiased Review: Maedina Gold Scalper Forex Trading Software

The user interface is intuitive and easy to navigate, even for someone who isn't particularly tech-savvy. The software has a range of features that are designed to help users make the most out of their forex trading. The backtest function, in particular, is a standout feature. It allows you to test your trading strategies against historical data to see how they would have performed. This is a great way to refine your strategies before putting them into action. Next week, I plan to test the EA on my real trading account. I'm eager to see if the positive results from the backtest will translate into real-world success. If the software continues to perform well, I will definitely consider purchasing the paid version. The potential benefits far outweigh the cost. The "Maedina Gold Scalper" has already exceeded my expectations and I'm excited to see what else it can do. It's not often that you come across a piece of software that is both effective and free. I would highly recommend it to anyone who is looking to improve their forex trading. Whether you're a seasoned trader or just starting out, this software could be a valuable addition to your trading toolkit.