Are you looking for a forex trading robot that specializes in gold trading without risky strategies like martingale or hedging? If so, you might be interested in the Golden Club EA, a piece of software designed to analyze market conditions, identify profitable opportunities, and execute trades automatically on your behalf.
In this review, we’ll take a closer look at the features, performance, and settings of the Golden Club EA, based on our testing and analysis. By the end of this article, you’ll have a better understanding of whether the Golden Club EA could be a suitable tool for your trading goals and preferences.
Golden Club EA Strategy
The Golden Club EA is a complete automated trading robot designed and created by developer Barat Ali Rezai. The Golden Club EA Strategy uses three strategies for trading only gold, and traders are advised to conduct several backtesting sessions before using it on a live account. All trades are protected by a stop loss, and users can choose between fixed lot and auto lot money management. The EA contains an optional news filter and works on the M15 time frame.
The EA has various settings that can be adjusted to suit the trader’s preferences. Traders can choose between three strategies: Golden Club, Additional ST1, and Additional ST2. Other settings include Gold_3_Digits for 3 digits accounts, stop loss per point, take profit per point, maximum allowed spread before placing an order, trade comment, magic number, allow extra trades, minimum required profit (per point) to activate recovery trailing stop loss, money management type, fixed order size for fixed lot money management, and increase lot size every (for auto lot money management).
The Golden Club EA is worth considering for traders who do not have the time to trade manually or learn how to trade forex on their own. The EA automatically analyses the charts for trading signals using the built-in trading algorithm. Traders can use the EA on a demo account before using it on a live account. It is essential to note that past performance and backtests do not necessarily mean that the EA will do well moving forward. Traders are advised to conduct several backtesting sessions before using the EA on a live account.
Golden Club EA Features
- The EA is designed to trade only gold, as it has been optimized specifically for this pair.
- The EA uses advanced algorithms to analyze market conditions and make trading decisions.
- It uses a unique trading algorithm designed specifically for trading gold.
- It trades using a fixed stop loss and take profit to manage risk.
- It operates without any martingale, hedging, or grid strategies to avoid excessive risk.
- It can trade on multiple timeframes, including M15, M30, H1, and H4.
- It includes a news filter to avoid trading during high-impact news events.
- The EA is fully automated, meaning it can trade without requiring manual input from the user.
- It allows for customization of certain parameters, such as lot size, stoploss, takeprofit, and maximum spread.
- Can be used on both MetaTrader 4 and MetaTrader 5 platforms.
Golden Club EA Settings
- Strategy – Choose from three different strategies: Golden Club, Additional ST1, and Additional ST2.
- Gold_3_Digits – Enable this for 3 digits accounts.
- Stop Loss Per Point – Set the stop loss in points.
- Take Profit Per Point – Set the take profit in points.
- Maximum Allowed Spread – Set the maximum allowed spread before placing an order.
- Trade Comment – Add a comment to your trades.
- Magic Number – Assign a unique identifier to your trades.
- Allow Extra Trades – Enable to allow extra trades.
- Minimum Required Profit – Set the minimum required profit in points to activate recovery trailing stop loss.
- Money Management Type – Choose between fixed lot and auto lot money management.
- Fixed Order Size – Set the order size for fixed lot money management.
- Increase Lot Size Every – Set the interval to increase lot size for auto lot money management.
Golden Club EA Summary
The Golden Club EA is an automated trading system that is designed to trade solely on the gold market. It uses a strict risk management system to minimize losses and potentially maximize profits. It also does not use martingale, hedging, or grid strategies, which are often associated with high-risk trading practices. The EA is easy to use, and even beginners can set it up without much difficulty.
One potential weakness of the Golden Club EA is that it is limited to trading on the gold market only. As such, it may not be suitable for traders who want to diversify their portfolio across different markets. Additionally, the performance of the EA is subject to market conditions, and users should not rely on its performance as a guarantee of future success.
Before applying the Golden Club EA, it is recommended that traders conduct demo testing to get a better understanding of how the system works and its performance under various market conditions. Additionally, it is essential to apply good risk management settings to protect against potential losses.
The Golden Club EA is available for purchase, and its price may vary depending on the version and subscription period. Potential users should carefully consider the costs and evaluate whether the EA aligns with their investment goals and risk tolerance.
Overall, the Golden Club EA is worth considering for traders who are interested in trading on the gold market and are willing to take a calculated risk to generate profits. It is important to note that there are no guarantees of success when it comes to trading, and users should always exercise caution and diligence in their trading activities.
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.