- December 23, 2024
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Introduction to GoldSecure EA
GoldSecure EA is an automated trading tool specifically designed for gold (XAU/USD) trading. It employs a trend-following strategy based on larger timeframes, ensuring it aligns with broader market movements. Unlike many other trading robots, GoldSecure EA avoids high-risk strategies like martingale or grid systems, focusing instead on safety, stability, and long-term profitability.
This expert advisor (EA) is an evolution of successful predecessors such as US30 Scalper, Quantum Algo, and Diamond Titan. The developer emphasizes realistic expectations and prioritizes transparency by sharing real trading performance instead of relying on theoretical or back-tested results.
Technical Specifications
Version: 1.4
Year of issue: 2024
Working pairs: XAUÂ
Recommended timeframe: M15
Minimum Deposit: $500
Average of account: 1:30 To 1:1000
Best Brokers List
GoldSecure EA System works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Key Features and Functionality
Strategy and Execution
- Trend-Following Mechanism: GoldSecure EA uses a super trend indicator to identify trends in larger timeframes before executing trades on smaller timeframes.
- Stop Loss and Trailing Stop: Each trade is secured with a fixed stop loss of 100 pips and a trailing stop mechanism to lock in profits.
- Risk Management: Avoids risky strategies such as martingale or grid, which are known for their potential to cause substantial losses.
Trading Parameters
- Account Type: Any, with live signals operating on standard accounts with spreads ranging from 5-15 pips (2 digits).
- Minimum Deposit: Flexible, depending on the broker’s requirements.
- Automatic Lot Sizing: Built-in functionality for dynamic lot size adjustments based on account balance.
Ease of Use
GoldSecure EA is straightforward to set up, with default settings suitable for most brokers. However, the use of a VPS is recommended to ensure uninterrupted operation.
GoldSecure EA : Performance Insights
The live performance data shows a growth rate of 27% over 11 weeks, with a maximum drawdown of 6.3%. While these metrics are promising, the trading activity is relatively low at 4.7%, reflecting a cautious approach. Profit trades account for 88.7%, which underscores the EA’s focus on identifying high-probability setups.
Setup Recommendations
- VPS Usage: Ensure the EA runs 24/7 by using a reliable VPS service.
- Default Settings: Use the pre-configured settings unless you are experienced enough to make adjustments.
- Broker Selection: Choose a broker with low spreads for gold trading to maximize profitability.
Risk Warnings
- Market Risks: Trading involves inherent risks, and losses are possible, especially during volatile periods.
- Backtest vs. Live Results: Backtest results are highly optimized and may not reflect live trading outcomes.
- No Guarantees: While GoldSecure EA is designed to prioritize safety, no system is immune to losses.
Advantages of GoldSecure EA
- Focused on Safety: Avoids high-risk trading techniques, making it a safer option for conservative traders.
- Dedicated to Gold Trading: Specializes in XAU/USD, ensuring optimized performance for this volatile commodity.
- Built-in Risk Management: Includes stop loss and trailing stop features to minimize potential losses and secure profits.
- User-Friendly: Easy installation process with default settings suitable for most brokers.
- Transparent and Realistic: The developer’s candid approach builds trust by setting realistic expectations about the EA’s performance.
Disadvantages of GoldSecure EA
- Limited Market Scope: Focuses solely on gold trading, making it unsuitable for traders looking for multi-asset coverage.
- Dependence on VPS: While not mandatory, a VPS is recommended for optimal performance, adding to the operational costs.
- Variable Performance: As with any trading tool, its performance can fluctuate based on market conditions, and past results do not guarantee future profitability.
Final Thoughts
GoldSecure EA is a robust trading tool tailored for gold traders who prioritize safety and consistent returns. Its transparency, user-friendly setup, and focus on trend-following strategies make it appealing to both novice and experienced traders. However, potential users should weigh the costs and consider its narrow focus on gold trading before committing.