In the world of financial trading, having the right tools can make a significant difference in profitability and efficiency. Gold Trend Scalping EA is a specialized Expert Advisor (EA) designed for traders focusing on gold trading (XAU/USD). Leveraging a trend-following strategy, this EA capitalizes on gold’s volatility, providing a structured and systematic approach to trading.
Key Features of Gold Trend Scalping EA
Built on proven trend-following principles, this EA is tailored to thrive in trending markets like gold. It identifies and aligns with major market trends to maximize trading opportunities.
- Trend-Based Trading
- Utilizes a super trend indicator to identify the primary trend on larger timeframes and applies this insight to execute trades on smaller timeframes, ensuring alignment with market momentum.
- Fixed Stop Loss
- Every trade is safeguarded by a fixed stop loss of 100 pips, offering effective risk management.
- Trailing Stop
- Incorporates a trailing stop mechanism to secure profits as the market moves in the desired direction, locking in gains while allowing trades to run.
- Automatic Lot Sizing
- Features a dynamic lot-sizing function that adjusts position sizes based on the account balance, simplifying the trading process and optimizing risk-to-reward ratios.
- No Risky Strategies
- Avoids high-risk methods such as martingale, grid, or hedge trading. Instead, the EA focuses on executing single, well-calculated trades, ensuring positions are strategically placed and protected.
Recommendations for Using Gold Trend Scalping EA
Minimum Account Balance: A starting balance of $100 is recommended. 
Preferred Trading Pair: Optimized for XAU/USD but can work on other currency pairs.
Optimal Timeframe: Works best on the M15 timeframe, though it is adaptable to other timeframes.
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness
