This EA utilizes a trend-following strategy. Gold is known to trend often and with great momentum. The EA was coded with risk management in mind to filter out risky trades reduce the trader’s risks. After extensive testing, it was found that the Gold Scalper EA works best in the 5-minute timeframe and provides many setups in a day trading. The EA is best suited for traders who want to be in and out of the markets within a short period of time. This makes the EA much more robust and produces lower-risk results with a high yield.
The EA requires a minimum balance of $300 and a broker that offers tight spreads.