- December 20, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Gold High EA Review
Welcome to the realm of Gold High EA, a groundbreaking addition to the world of Gold trading Expert Advisors (EAs). In a market flooded with grid and martingale systems masquerading as sophisticated AI, Gold High EA stands apart with a genuine and effective trading strategy.
Differentiating Real Strategies from the Illusion
Many Gold EAs claim to leverage neural networks, AI, or machine learning, but beneath the facade lies a common thread of grid and martingale systems. These systems, despite impressive backtests, inevitably lead to margin calls and account wipeouts when faced with the inherent volatility of Gold.
The Gold High EA Advantage
Gold High EA breaks away from the risky norm by adopting a straightforward trading strategy based on daily support and resistance levels' breakouts. This approach is particularly potent for the volatile nature of Gold, ensuring stability and growth without succumbing to the pitfalls of grid and martingale tactics.
Technical Specifications
Version: 1.31
Best Brokers List
Gold High EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Gold High EA Settings
Information Panel
- ShowInfoPanel
- Adjustment for InfoPanel size
- Update InfoPanel during testing
Strategies
- Strategy 1: Disabled
- Strategy 2: Disabled
- Strategy 3: Disabled
- Strategy 4: Disabled
- Strategy 5: Disabled
- Strategy 6: Disabled
- Strategy 7: Disabled
Additional Settings
- Maximum allowed spread
- Set SL_TP_After_Entry
- Use Virtual Expiration
- BaseMagicNumber
- Comment for trades
- Lotsize Calculation method
- StartLots
- LotsizeStep
- Max Risk Per Trade
- Use Equity Instead of Balance
- OnlyUp
Key Features of Gold High EA
- Diverse Strategies: Gold High boasts seven seamlessly integrated strategies, offering a versatile and stable growth curve. These strategies work cohesively, providing an honest representation of the market dynamics, including occasional losses.
- Risk Management: Every trade initiated by Gold High EA comes with predefined Take Profit (TP) and Stop Loss (SL) levels. The EA employs a trailing SL to minimize risk and optimize profits, especially when the market moves favorably.
- Transparent Backtesting: Unlike EAs with manipulated backtests designed to lure unsuspecting traders, Gold High EA remains transparent. The backtests reflect real market conditions, ensuring that users are well-informed about the EA's performance.
Simple Installation Steps
- Open a Gold chart on the daily timeframe.
- Drag and drop the Gold High onto the chart.
- Configure lot size settings based on your account balance.
Risk Management
For accounts with balances between $200-$400, it is advisable to activate only strategies 2, 4, and 7 due to their lower drawdowns. Start with a conservative risk of 1% per trade, gradually adjusting as per your comfort level.
Practice and Preparation
Before diving into live trading, conduct thorough backtests and engage in demo trading. This step ensures a comprehensive understanding of the EA's behavior under various market conditions.
Conclusion
Gold High emerges as a beacon of reliability in the sea of risky Gold trading EAs. Its commitment to transparent strategies, risk management, and ease of use positions it as a valuable tool for traders seeking genuine and sustainable growth. For any queries or assistance, feel free to contact us via private message.
Download Gold High EA
Please try for at least a week an XM demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.