Gold Eagle mt4 Review

GOLD EAGLE is a swing strategy that is for the market in flat, which is 80-90% of the time. The GOLD EAGLE Expert Advisor is optimized for the XAUUSD (GOLD) pair.

This is a trend scalping strategy using the TrendLine PRO indicator as an input signal.

The Expert Advisor opens the first order at the signal of the indicator and fixes the TP at a given level, but if the price does not reach the TP level and rolls back, an additional order is automatically opened averaging the level of the total TP, making it closer to the entry point.

The trading panel of the robot allows you to open orders manually by the user. The adviser will integrate them into the system of a series of orders and close them as his own with a common TP.

he EA panel on the chart – “trade buy” (green color on the panel will mean that the EA is allowed to buy, red that is prohibited) or “trade sell” (similarly). For choosing the direction of the trend I use Gold Stuff indicator. The adviser has 4 strategies – on stochastics, RSI, MA and maintaining orders opened by the user, averaging is used. My settings always pinned at telegram group.

You can add orders at any time – simply by opening them, the adviser will also lead them, even if you open them from the terminal in the phone.

Features

Advantages of the GOLD EAGLE Expert Advisor:

The Expert Advisor trades almost every day

Compatible with other Expert Advisors and trading systems

The EA has a trading panel that allows the trader to open trades manually

All trades opened through the trading panel will be managed by the Expert Advisor and will be closed automatically

How to set up GOLD EAGLE:

Just add an Expert Advisor to the XAUUSD M15 chart and activate the auto-trading function in the Expert Advisor and in the Meta Trader terminal.

For the smooth operation of the adviser, it is necessary to use a permanent Internet connection and VPS

Use only a hedge account and leverage from 1:200 and more

Brokers with a low spread are recommended Minimum deposit: $1,000 or cents for cent (micro) accounts

How to avoid unpleasant market fluctuations:

To filter strong trend price fluctuations, the Expert Advisor has Higher Time Frame filters (the Filter of the higher period), it allows new deals to be opened only if the signal of the current period coincides with the trend of the older period

Set up a news filter (News Filter) so that the ADVISER pauses in trading before and after the release of important news

Historical data does not guarantee similar results in the future

Applying the rules of reasonable money management and hedging your risks will allow you to get a stable result in the Forex market

Fakes on the Internet have nothing to do with the original and do not correspond to the strategy of the adviser

Expert Advisor backtest

Gold Eagle mt4 reviews

Conclusion for this robot

Gold Eagle mt4 is a very popular gold trading expert advisor and used by many gold bugs. Of course, there is nothing like trading Gold! Reviews are very positive and we tend to believe this EA is here to stay. Live results and a fair price makes us recommend this forex robot.

 5/5

Test a robot for free

Other reviews

Quantum Wizard MT5 Review

Forex truck review

Network AI Review

EA Golden Elephant review

EA thomas review

Night Hunter Pro Review

Boring pips Review

Advanced Gold Trading Review

Questions? Send us a whatsapp message

Risk warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particularly trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk. Variables such as the ability to adhere to a particular trading program in spite of trading losses as well as maintaining adequate liquidity are material points which can adversely affect actual real trading results. Currency trading involves high risk and you can lose a lot of money.

Quick links

support@scalprobot.com