Gold Stallion employs artificial intelligence to produce good gold entries. The EA searches across all Time Frames for the best entry. Following that, an intelligent algorithm begins to manage the trade by producing three more identical lot sizes and continues to increase them if desired. To reduce the DD, two different types of TP strategies are used based on the number of trades and an intelligent overlapping system!
The Gold Stallion EA can be purchased from the MQL marketplace. In this article, I will be taking a look at how the Gold Stallion EA works. Hopefully, that will help you to decide if this is a trading robot that you would consider using on your trading account.
Trading Gold with Gold Stallion EA
The EA can be applied in two ways:
Fully automatic: The system is looking for entries near potential exhaustion candles. There are three ways to trade in order to scalp the price as quickly as possible while also generating a large number of trades.
Semi-automatic: This is for users who want to choose where to open their trade. To begin, turn on the semi-automatic function in the chart by pressing the ON button. After that, simply press Sell or Buy at the point you believe is appropriate based on your strategy. The EA will manage the trade regardless of whether it is profitable or a bad entry. There are also two buttons for placing pending orders. Place it wherever you want by pressing the pending order button. The EA will begin managing the order as soon as it is triggered.
Benefits of Trading Only Gold
Trading only gold can have several benefits for traders. Here are some of the most significant advantages of trading only gold:
- Safe-haven asset: Gold is considered a safe-haven asset and often performs well during times of economic uncertainty or market turmoil. As a result, trading only gold can be a way for traders to mitigate risk and take advantage of market conditions that are favorable to the precious metal.
- Liquidity: Gold is one of the most liquid assets in the financial markets, meaning that it’s easy to enter and exit positions quickly and at a fair price. High liquidity can reduce the impact of slippage and ensure that traders can execute trades without delay.
- Volatility: Gold prices can be highly volatile, providing opportunities for traders to profit from short-term price movements. Trading only gold can allow traders to focus their analysis and trading strategies on a single asset, which can increase their chances of success.
- Diversification: Trading only gold can be a way to diversify a trading portfolio and potentially reduce overall portfolio risk. Diversification is a key strategy for managing risk in the financial markets, and gold can be an effective way to diversify a portfolio that is heavily weighted toward other asset classes.
- Technical analysis: Gold prices are influenced by technical factors, such as support and resistance levels, trend lines, and moving averages. Traders who are skilled in technical analysis can use these factors to identify potential entry and exit points when trading gold.
Gold Stallion EA Input Parameters
- LotsInit: The lot size if we choose to open the trade from trading panel.
- LotsAdd: How much we want to increase the value of the initial lot by using the + and – buttons.
- Starting Lot: The Starting lot size of the auto mode.
- Multiplier Set to 1 for Flat lot: This is the Multiplier. If you do not want the EA to multiply the size, please set it to 1 but the strategy will not work as it must.
- Stop Loss: The stop loss in pips.
- Max Lot Martingale: The max lot size a position can reach.
- Distance in pips between trades: The minimum distance between the trades, AFTER THE FOURTH TRADE.
- One strategy min profit in money: The minimum profit in money count for the 1st strategy.
- Strategy A min profit in money: The min profit in money.
- Strategy B min profit in Pips: TP in pips.
- Max Sells: The max sells.
- Max Buys: The max buys.
- Overlap after X trades (The first four do not count): After how many positions (after the first 4) you want the EA to enable the overlap system.
- Pause EA if trades are X: The EA will be paused based on current X trades that he has opened (set the number of trades you want the EA to pause trading).
- Restart EA if 4H candle is in Trend based on X mov Average: The EA will restart when the 4-hour candle is back on trend based on the moving average. (You set the value of the moving Average).
Overall, trading gold with the Gold Stallion EA can be a valuable trading software to consider. Gold trading may provide addition to a diversified investment portfolio, providing potential benefits such as a safe-haven asset, diversification, inflation hedge, liquidity, and historical significance. However, as with any investment, it is important to carefully consider the risks and potential rewards 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.