Idea Pro Gold Review

Idea Pro Gold EA is simple and convenient to use – just attach it with the default settings on eurusd gbpusd nzdusd audusd m5. For best results, it is recommended to cancel the direction of trade on the 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.

Idea Pro Gold settings

Features

  • SETTINGS

    • Choosing strategy – choosing a trading strategy.
    • Open new series – on / off beginning of a new series of orders.
    • Start lots – start lot.
    • Trade Buy – allow the adviser to buy.
    • Trade Sell – allow the adviser to sell.
    • Use hedge – allow the adviser to trade both direction buy and sell. If off only one trade direction.
    • Use Money Management – on / off use of automatic lot calculation.
    • Autolot. Free margin for each 0.01 lot – the amount of free margin for opening every 0.01 lots.
    • Lot miltiplier – lot multiplier for the following orders.
    • TP – take profit, in pips.
    • SL – stop loss, in pips from the first order.
    • Trail Start – activation of a trailing stop.
    • Trail Step – distance from the price when activating a trailing stop.
    • DD Reduction Algoritm – drawdown reduction algorithm it when last order with profit will be close with first order series with loss.
    • Number order for DD Reduction Algoritm –  from which order the drawdown reduction algorithm is activated.
    • Percent profit for DD Reduction Algoritm – percentage of profit when closing orders in the drawdown reduction mode.
    • Magic – is a special number that the EA assigns to its orders.
    • Fix distance – fixed distance between orders
    • Order dinamic distance – from which order will the dynamic distance be applied in order.
    • Dinamic distance start – the starting value for the dynamic distance.
    • Distance multiplier – the dynamic distance multiplier.
    • Start, End hour – time for opening the first order.
    • Maximum Lot – maximum lot.
    • Maximum spread – the maximum spread for the adviser.
    • Further, the parameters of the indicators Stochastic, RSI, MA. Stochastic work strategy – the adviser will sell above Up_Level_Stoch and buy below Down_Level_Stoch. The strategy for RSI is to sell if the RSI is higher than the value specified in Up_Level_RSI and buy if the indicator value is lower Down_level_RSI the adviser will buy. MA strategy – the bar opens above the MA, the adviser buys, sells below.

Expert Advisor backtest

Idea Pro Gold
Idea Pro Gold test

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Conclusion for this robot

Idea Pro Gold is aiming for the Gold bugs. Traders that breath Gold. Since the gold market is kind of rigged, it’s very hard to beat it. Therefore it is always recommended to use a robot that can help you. Especially trading speed is essential while trading the Gold market. This expert advisor gets many positive reviews and is a very good sign. Foremost the price is more than reasonable. Value for money is what we like to call it.  If the Gold bug is itching you, we definitely recommend to purchase this EA. 

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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.

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