What is Gold Pecker EA?
The Gold Pecker EA presents a sophisticated automated trading advisor meticulously designed to bolster profit margins within the XAU/USD market using a state-of-the-art algorithm alongside a fusion of technical indicators. Compatible exclusively with Meta Trader 4, this EA is optimized for the M5 timeframe, focusing solely on the XAU/USD currency pair. Notably, the system is equipped with a News Filter feature, strategically constructed to mitigate trading risks and drawdowns by enabling selective trading during periods of lower volatility, as determined by customizable impact levels of news events.
With an impressive 83% win rate, the Expert Advisor showcases the potential for generating a passive income ranging from 10% at low risk to 50% at higher risk, maintaining a commendably low drawdown. The Gold Pecker EA operates efficiently with a minimum deposit requirement of $100, making it an accessible yet sophisticated tool for traders seeking to navigate the complexities of gold trading.
Gold Pecker EA Verified Stats
- Gold Pecker EA is an automated trading advisor designed for the MetaTrader 4 platform that utilizes technical indicators to identify trading opportunities in the gold market
- It operates at optimal efficiency by adjusting its trading strategies based on real-time market analysis and news filters, to minimize trading risk during volatile times
- The EA has a 83% win rate, with a passive income of 10% (low risk) to 50% (high risk) with low draw down.
Gold Pecker EA Features
- Used on platform: Meta Trader 4
- Currency pairs : XAUUSD
- Time frame: M5
- Fully automated trading
- 83% Win Rate
- Passive income of 10% (low risk) to 50%(high risk)
- Verified by MyFxBook.com
- Scalping/Swing Trade Gold (Strategize based on your short/long-term goal)
- Flexible Martingale
- Super Accurate Entries
- Account Protection (Safeguard your equity with full control on your trading risk)
- Minimum deposit: $100
- Stable income with low draw down
How Gold Pecker EA Works?
Gold Pecker EA works based on a Scalping/Swing Trade Gold strategy, using a combination of technical indicators to identify trading opportunities, it analyzes market data in real-time and executes trades based on pre-defined trading rules.
You can choose which days of the week you want to trade, from Monday to Friday. Customize your strategy to fit your preferences and market conditions.
Gold Pecker EA Advantages & Disadvantages
- Automated trading: The software allows traders to automate their trading activities, which can save time and effort
- Scalping strategy: The software uses a scalping strategy, which is designed to try and generate small profits from each trade
- Uses a News Filter and Standardized pip values across various account currencies
- Dependence on technical indicators: The software relies heavily on technical indicators, which may not always accurately predict market movements
- Risk of loss: Traders should always be aware of the risks involved in trading and should only trade with funds they can afford to lose.