Introduction
AU 79 Gold EA MT4 is marketed as a specialized gold trading expert advisor, designed to operate during the low-volume hours of the night. It claims to maximize accuracy and minimize risk by avoiding the volatility caused by news events. With a perfect rating of 5 and positive user feedback, it certainly sounds promising. But let's not get carried away. As professional traders and programmers, we know better than to take things at face value.Description of Features
AU 79 Gold EA MT4 operates exclusively on the 5-minute timeframe, focusing on scalping opportunities during specified night-time hours. It uses pending orders to ensure precise entries and exits, and includes a hidden profit booking mechanism to secure profits without revealing the strategy to brokers. The EA avoids high-risk strategies like martingale and grid, and incorporates configurable stop-loss and take-profit levels. A news filter is also integrated to avoid trading during high-impact news events.Performance Analysis
Based on user reviews, AU 79 Gold EA MT4 has shown promising results. Users like mickeekung and cosi77 have reported good gains and commend the developer's responsiveness. However, it's worth noting that some users have experienced periods of drawdown, which the EA manages quite well according to cosi77. While the short-term performance seems positive, it's essential to monitor its long-term viability. Detailed statistics are available on the website forexroboteasy.com.Pros and Cons
- Pros:
- Focuses on low-volume trading hours to minimize risk.
- Uses pending orders for precise entries and exits.
- No high-risk strategies like martingale or grid.
- Configurable parameters for stop-loss, take-profit, and trading hours.
- Positive user feedback and responsive developer. - Cons:
- Periods of drawdown reported by users.
- Performance during high-volatility periods is uncertain.
- Requires constant monitoring and adjustments.
Source Code of AU 79 Gold EA MT4
We don't have access to the original source code of the AU 79 Gold EA MT4 sold on MQL5. However, based on its description, we have created a sample code that mimics its functionality. This code is available for review and testing. If you have any questions about the code, feel free to ask. Remember, this is an example code created by the EASY Trading Team and not the original robot sold on MQL5.
Code:
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