The XG Gold Robot MT5 is specially designed for Gold. We decided to include this EA in our offering after extensive testing. XG Gold Robot and works perfectly with the XAUUSD, GOLD, XAUEUR pairs. XG Gold Robot has been created for all traders who like to Trade in Gold and includes additional a function that displays weekly Gold levels with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading.
It’s a strategy based on Price Action, Cycle Strength, SMA Strength, RSI and another two custom indicators (built-in within the strategy). There is also a time filter (defined trading days and hours), news filter (EA does not open positions 60 minutes before and after important data, high impact news), spread filter (additional protection of trading during important news and events) and many other parameters. All parameters for trades and functions are settable in the parameters of the EA. We accept customer suggestions and add new features to this EA based on them. You will receive all new updates for free and can easily download new files from MT4-MT5. The live results are available on our website + real results.
XG Gold Robot is available in two versions for MetaTrader 4, MetaTrader 5, and can be used with any broker and account. If you click on my profile, you can find the other versions there.
How to properly test the XG Gold Robot in the MetaTrader 5 tester?
Please select a deposit of 1000, a custom date from 01/01/2022 to 27/04/2023, select Every tick, Risk Percent 5-10 and choose a Leverage 1:500, Select risk mode: Low or Medium, then, click the start button in the MetaTrader 5 tester. If you set a lower leverage, the result will be a little worse, whereas if you were to use a higher leverage the result would be better.
How do I start?
1. After purchase the EA, please send us a private message with a screenshot of your purchase confirmation. Go to the Purchases tab and take a screenshot. After you confirm, we’ll send you the manual and access to group where our support and other users will help you with all the settings and you can talk about this EA.
2. Please read the manual you got. It’s available in English, Arabic, Chinese, Dutch, French, German, Italian, Japanese, and Spanish. All of the robot’s functions are described there, and you only need to change a few parameters to make it work with your broker. If you need help, please post your questions in the group and our support will be help you with the settings.
3. Turn on AutoTrading in your platform, Add an EA to the H1 chart on the recommended pairs, make the settings according to the manual, and that’s it.
4. We suggest using the EA with a broker who has a low spread, a minimum deposit of $1000, a leverage of 1:30 up to 1:1000, and an active news filter. We recommend running the robot on a VPS so that it stays connected for 24 hours and testing the robot on a demo account before adding it to a real account.
Trading Pairs – GOLD, XAUUSD, XAUEUR
FIFO – matching the functions of the robot to FIFO brokers
Filter volumen – a filter that checks the volumen size on Gold
Weekly Gold Levels – information on weekly gold levels, as well as visible lines on the chart, optional feature that will help you in manual trading
Risk percent – selecting the size of the lots based on the risk percentage
Select risk mode – three modes to select the risk, low, medium and high
Trade Comments – the ability to add your own comment that will be visible to each order in MT4-MT5
Trade Hours – choose hours that EA will work
MaxSpread (spread filter is an additional safeguard for trading)
Show panel – the ability to hide the EA panel that is on the chart
NewsFilter (true/false) – activation of news filter for blocking new trades during high-impact news
doNotTradeBefore/AfterInMinutes (number) – minutes before and after the news during which EA cannot place new trades
ReportFor USD/EUR (true/false) – choice of the currency for which the news are included in the filter
AllowTradingOnHolidays (true/false) – when news filter is active, this function allow to open new trades from new cycles during holidays
Minimum lots: 0.01
Platform: MetaTrader 5
Minimum deposit: 1000
Leverage: 1:30 up to 1:1000
Pairs: GOLD, XAUUSD, XAUEUR
Type of account: Hedging, Zero, Micro, Standard, Premium or ECN