The Aura Gold EA is a fully automated expert advisor designed to trade gold on the forex market using algorithmic trading strategies. If you’re considering using this expert advisor, you’ll want to make an informed decision based on its features. In this review, we’ll take a closer look at the Aura Gold EA, including its strategy, features, and settings, to help you decide whether or not it’s the right trading system for you.
Aura Gold EA Strategy
The Aura Gold EA is a fully automated expert advisor that is specifically designed to trade gold on the H1 time frame. It utilizes machine learning cluster analysis and genetic algorithms to implement a self-adaptive market algorithm. The EA uses price action patterns and standard trading indicators such as CCI and ATR to execute trades.
One of the notable features of the Aura Gold EA is that it does not employ martingale, grid, scalp, or hedge strategies. This approach ensures that no dangerous money management methods are used in its trading system. Additionally, each position has a hard stop loss and take profit level set.
The Aura Gold EA may not be for traders looking to diversify their portfolios or trade other assets since it can only trade gold on the H1 timeframe. It also depends on market conditions to make trading decisions, which could result in losses if the markets experience sudden changes. Additionally, the EA’s high cost, with a lifetime license at $1499 and a 6-month license at $599, could dissuade some traders from using it.
While the Aura Gold EA has had results in the past, future performance is not guaranteed due to the unpredictability of the markets and the potential impact of unexpected events. However, as with any trading system or EA, it’s essential to conduct thorough research and exercise caution before investing in it.
Aura Gold EA Features
- Fully automated trading system designed to trade gold only
- Based on machine learning cluster analysis and genetic algorithms
- Contains a self-adaptive market algorithm using price action patterns and standard trading indicators (CCI, ATR)
- Does not use martingale, grid, scalp, or hedge strategies
- Runs on the H1 timeframe
- Hard stop loss and take profit for each position
Aura Gold EA Settings
- AutoLot – Calculates lot size automatically as a percentage of the account deposit.
- Constant Lot- Allows the user to set a fixed lot size. If set to 0, the EA will use the AutoLot setting.
- Time to Start Hour – The hour at which the EA will start opening trades.
- Time to Finish Hour – The hour at which the EA will stop opening trades.
- Comments- Allows the user to add comments to trades opened by the EA.
- Magic- A unique identifier number used to track and manage trades opened by the EA.
- Trailing On/Off- Enables or disables the use of the trailing stop feature.
- Trailing Start- Sets the distance in points from the current market price at which the trailing stop will start.
- Trailing From- Sets the distance in points from the current market price at which the trailing stop will move.
- Trailing Step- Sets the incremental distance in points at which the trailing stop will move.
- TakeProfit- The number of points at which the EA will close a trade with a profit.
- StopLoss- The number of points at which the EA will close a trade with a loss.
Aura Gold EA Summary
The Aura Gold EA is an expert advisor designed for fully automated gold trading on the H1 timeframe using a self-adaptive market algorithm based on machine learning cluster analysis and genetic algorithms. The EA relies on market conditions to make trading decisions, which could result in losses if the markets experience sudden changes.
It’s essential to keep in mind that the performance of any trading system or EA depends on various factors, and past performance may not guarantee future results. As a result, traders should always exercise caution and conduct thorough research before investing.
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.
