AutoTrade Gold 5.0, also known as ATG 5.0, is a trading robot that has been specifically designed for traders who are interested in scalping the gold market. In this review, we will take a closer look at ATG 5.0 and evaluate its performance, features, and settings. We will provide an in-depth analysis of its trading strategy and risk management features.
Atg V5 0 EA Strategy
AutoTrade Gold 5.0 (ATG 5.0) is a trading robot designed for scalping in the gold market. The target market for this robot is traders interested in trading the gold market using a scalping strategy based on the Stochastic indicator. The Stochastic indicator is a popular technical analysis tool used to determine overbought and oversold market conditions. The ATG 5.0 EA leverages this indicator to identify potential scalping opportunities in the gold market.
The robot trades on a 5-minute time frame and only opens one position at a time, with the instrument being XAU/USD (GOLD). The developer of ATG 5.0 has designed the robot to aim for a daily gain of between 0.5% and 1.5% of the trader’s capital. The robot also has a maximum daily loss limit of 3%. ATG 5.0 is also known by several nicknames such as Goldoracle, Self Gold, and EA Robot Gold. One feature of this robot is that it is designed specifically for trading in the gold market.
While the Atg V5 0 EA does exhibit strengths, there are also some weaknesses to consider. It is limited to trading only one instrument, XAU/USD. Additionally, the scalping mode can be more challenging for inexperienced traders. Also, the robot’s performance can be significantly impacted by market volatility and unexpected price fluctuations.
Atg V5 0 EA Features
- Scalping: ATG 5.0 is designed for scalping in the gold market.
- Time frame: The robot trades on a 5-minute time frame.
- Instrument: ATG 5.0 trades only one instrument, XAU/USD (GOLD).
- Capital gain target: The robot aims for a daily gain of between 0.5% and 1.5% of the trader’s capital.
- Maximum daily loss limit: ATG 5.0 has a maximum daily loss limit of 3%.
- Maximum open positions: The robot only opens one position at a time.
- Gold market focus: The robot is designed specifically for trading in the gold market.
- Risk management: The maximum loss limit is intended to minimize risks.
Atg V5 0 EA Settings
- Lot size: This setting determines the size of the position that the robot will take on each trade.
- Balance: The robot uses the trader’s account balance to calculate the lot size and manage risk.
- Slippage: This setting specifies the maximum amount of slippage that the robot will allow on each trade.
- Max spread: This setting specifies the maximum spread that the robot will allow when opening or closing a position.
- LotSize: This setting determines the size of the position that the EA will take for each trade.
- Min SL Percent: This setting specifies the minimum percentage for the stop loss level of each trade.
- Max SL Percent: This setting specifies the maximum percentage for the stop loss level of each trade.
- Min TP Percent: This setting specifies the minimum percentage for the take profit level of each trade.
- Max TP Percent: This setting specifies the maximum percentage for the take profit level of each trade.
- Daily_Target_Percent: This setting specifies the percentage of the account balance that the EA aims to achieve as a daily target.
- Show Old History: This setting determines whether the EA will display historical trades that were closed.
- Activation_Code: This is a unique code provided by the developer that traders must enter to activate the EA’s features.
- TF: This stands for “Timeframe” and refers to the period of time that the EA will use to analyze market data and generate trading signals.
- SMA Period 1: This refers to the period of time used to calculate the first Simple Moving Average (SMA) indicator. The value entered here determines the number of price bars used in the calculation.
- SMA Period 2: This refers to the period of time used to calculate the second Simple Moving Average (SMA) indicator. Like SMA Period 1, the value entered here determines the number of price bars used in the calculation.
- Stochastic K Period: This is the period used in the calculation of the Stochastic indicator’s K line. It determines the number of price bars used to calculate the indicator.
- Stochastic D Period: This is the period used in the calculation of the Stochastic indicator’s D line. It determines the number of price bars used to calculate the indicator.
- Stochastic Slowing: This is a setting that controls the sensitivity of the Stochastic indicator. Increasing this value will result in a slower response to price changes, while decreasing it will result in a faster response.
- Stochastic Upper Level: This is the level at which the Stochastic indicator is considered overbought. When the indicator crosses above this level, it may indicate a sell signal.
- Stochastic Lower Level: This is the level at which the Stochastic indicator is considered oversold. When the indicator crosses below this level, it may indicate a buy signal.
Atg V5 0 EA Summary
The Atg V5 0 EA exhibits strengths and weaknesses in its performance. Its focus on scalping in the gold market is one of its advantages, and its customizable settings allow traders to personalize the robot to their trading goals and preferences. However, there are also some weaknesses to consider. For one, the robot’s performance can be impacted by market volatility and unexpected price fluctuations. Additionally, the robot’s effectiveness is heavily dependent on the quality of its risk management settings, which require careful monitoring and adjustment.
The Atg V5 0 EA is available for demo testing, which allows traders to try it out before committing to a purchase. This is a great way to gain a better understanding of the robot’s performance and features, and to determine whether it is a good fit for one’s trading strategy. Overall, it is important to carefully consider its strengths and weaknesses before making a decision, and to ensure that your risk management settings are carefully monitored and adjusted over time.
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
