- The recommended currency pair for trading is XAUUSD (Gold).
- Recommended timeframes: M5
- Recommended starting balance: $500 or more.
- The recommended maximum spread for XAUUSD is 20 pips.
- Account type: ECN.
How does this robot trade? Technical description of the robot:
- The “Scalping forex robot M5” robot is an active gold scalper robot. The robot automatically analyzes the market, determines price support/resistance points, evaluates the current position of the asset and the direction of the trend. After that, the robot places a pending order in the direction of the trend. If the order is triggered, and the trend direction is determined correctly, then the robot starts to accompany the trading operation using Trailing Stop and other tools. If the pending order does not work and the trend reverses, the robot deletes the pending order. The size of the trading lot is specified by the trader manually and does not change during the trading process.
Robot settings:
- Lots – specify a fixed lot size with which orders will be opened.
- maximum_orders – the maximum number of simultaneously open orders.
- Delete – specify in this parameter how many points to delete a pending order if it did not work.
- Stop – StopLoss size.
- Trall – TrailingStop size.
- BuyOpen – at what volume of the market, we place a pending order to buy.
- SellOpen – at what volume of the market, we place a pending order to sell.
- step_dale – at what distance from the current price we place a pending order.
- Magic – a unique magic number.
Scalping forex robot M5 for XAUUSD, Gold, Forex Traders
This expert advisor may be suitable for traders using MetaTrader for XAUUSD, Gold, Forex. Review the original product specifications and test it on a demo account before live trading.
Product Information
- Platform: MetaTrader
- Product type: Expert Advisor
- Suitable markets: XAUUSD, Gold, Forex
- Trading approach: Scalping, Trend
Important Trading Notice
Automated trading and Expert Advisors involve financial risk. Test all settings on a demo account first. Past performance does not guarantee future results.
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