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The SIAM represents an innovative leap in the field of Forex solutions, specifically for gold trading. As a fully automated system, SIAM is focused on trading on Gold/XAUUSD H1. It employs unique trading strategies that include elements of profit tracking and recovery during drawdown. One of the salient features of this system is that it does not use grid, martingale, AI or neural networks.
Trading Mechanism
SIAM operates on a single XAUUSD H1 chart, using default settings for raw/ECN. Each trade comes with a fixed stop loss and a virtual profit tracking and recovery model. The system is designed to operate during the day when the market is most robust and volatile. This aligns perfectly with the main objective of the algorithm which is to capture the strongest movements in the gold market.
Algorithmic Approach
The system employs a unique combination of virtual channel, ATR, and recovery strategy mechanism. The parameters for these elements are completely open, allowing for individual optimization. SIAM also independently determines the GMT of the broker and features a strong news filter. This news filter is URL-based, providing a real-time market analysis functionality. Furthermore, the market volatility filter enables the system to find the most accurate market entries.
Profit Tracking and Future Optimizations
One of the standout features of SIAM is its virtual profit tracking system. This allows for the masking of the system’s behavior from the broker. SIAM also offers forward settings and optimization up until 2022. The current default settings have been functioning since December 2022, and everything post this period is a continuation of trading with these settings.
Broker and System Compatibility
It’s noteworthy that SIAM can be sensitive to spread and slippage, and therefore it is advised to use a good RAW/ICM/ECN broker. The trading software constantly reads all the indicators of the broker, making it beneficial to use VPS 24/7. SIAM uses an adaptive lot size calculation, but with low leverage (1:30 and below), there may be issues with margin requirements on low equity accounts. Hence, it’s advisable to check with your broker in MT5 with real quotes or demo.
Independent Testing and Updates
For those interested in seeing the software in action, independent testing of this product is available on the forexroboteasy.com website. Users also have the option to subscribe to updates on the results of testing this product.
FAQ
What is the SIAM?
SIAM is a fully automated trading software solution designed for trading Gold/XAUUSD H1.
What are the key features of SIAM?
SIAM features elements of profit tracking, recovery during drawdown, virtual channel, ATR, and recovery strategy mechanisms. It also has a strong news filter and market volatility filter.
Where can I view independent testing of SIAM?
Independent testing of SIAM is available on the forexroboteasy.com website.
We invite readers who have used SIAM to share their experiences. This independent review should serve as a guide for those considering this gold trading software solution. Remember, the right Forex software can make a world of difference in your trading strategies and results.
forexroboteasy.com
1 review
One of the standout features of this software is its news filter control. It's a game-changer in the way it allows me to stay informed and make calculated decisions based on the latest market news. This feature is particularly beneficial for Prop firms, as it provides a level of control over the Drawdown (DD%) loss, which is crucial for managing risk and maintaining profitability. I've found that using this EA on a Virtual Private Server (VPS) significantly enhances its performance, leading to better trading results. It's worth noting that The SIAM is not the type of EA that trades daily, which I find to be a positive aspect, especially when trading gold. While the software is generally user-friendly and efficient, there is room for improvement in the visualisation department. Despite the recent 1.88 update, there are still some display issues, particularly with the Profit/Loss (PL) figures. However, this doesn't affect the trading functionality in any way, it's more of a minor inconvenience. One of the highlights of my experience with The SIAM has been the exceptional customer service. The author, Anton, is incredibly friendly and responsive. He's always ready to assist with any queries or issues, which makes the overall user experience even more pleasant. In conclusion, I highly recommend The SIAM to anyone looking for an efficient, reliable, and user-friendly EA. It's been a game-changer for me, and I'm sure it will be for you too. Many thanks to Anton for creating such a fantastic software, and I wish him all the best in his future endeavours."