Invictus Gold is an advanced trading algorithm that trades on Gold, one of the most liquid and popular trading instruments in the world, using the standard and simple Bollinger Bands indicator.
The Invictus Gold EA can be purchased from the MQL marketplace. In this article, I will be taking a look at how the Invictus Gold 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 Invictus Gold EA
The algorithm includes a behavioral factor filter, analyzes market depth, and decides whether to enter the trade based on the data from the analyzer’s filter. As a result, the Expert Advisor identifies optimal entry points into the market while filtering out false entries that are not supported by stable market behavioral patterns. The algorithm does not employ risky money management techniques such as martingale, grid, or hedge. Stop loss is used to protect all transactions.
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.
Invictus Gold EA Features
- There is no use of a martingale, arbitrage, hedging, or other risky money management techniques.
- Each position has a hard stop loss and a take profit.
- Control of spread and slippage.
- Module for intelligent risk management.
Overall, trading gold with the Invictus Gold EA can be a valuable investment. 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. Traders may also want to ensure to test the free demo version of the Invictus Gold EA first before purchasing the robot and applying it on their real accounts if they happen to be satisfied with it eventually.
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.