Introduction
Let's dive into the world of GOLD Edge PRO MT5, a trading robot that promises to make your Forex trading life easier. With a rating of 4.9 and rave reviews from users, it's hard not to be intrigued. But as a professional trader and programmer, I'm always skeptical. Let's see if this robot is worth its weight in gold.Description of Features
GOLD Edge PRO MT5 is designed to trade GOLD (XAUUSD) but can also handle other currency pairs. It uses trend-following strategies with moving averages and multiple time frame RSIs. The robot includes a GRID trading system, a DD Reduce function to manage drawdowns, and customizable trailing stop settings. It also features a news filter to avoid trading during high-impact news events and allows users to set specific trading times and days. Additionally, it offers a candle filter option during grid trading and other customizable filters.Performance Analysis
Over the past year, GOLD Edge PRO MT5 has shown promising results. Users like Yong Chan Kow and Parviz Pirooz Nasab have praised its performance, especially when using the recommended settings. The robot's flexibility in parameter settings has been highlighted as a significant advantage. However, the real test lies in its consistency and reliability over time. The robot's ability to adapt to various market conditions and manage risks effectively is crucial for long-term success.Pros and Cons
- Pros:
- Highly customizable settings
- Effective trend-following strategies
- GRID trading system with automatic interval calculation
- DD Reduce function for managing drawdowns
- News filter to avoid high-impact events
- Customizable trading times and days
- Cons:
- Requires careful setup and monitoring
- High minimum deposit for optimal performance
- Potentially complex for novice traders
Conclusion
GOLD Edge PRO MT5 offers a robust set of features that can be highly effective if used correctly. Its high rating and positive user feedback are encouraging, but it's essential to approach it with realistic expectations. Proper setup and adherence to the recommended settings are crucial for success. If you're willing to invest the time and effort, this robot could be a valuable addition to your trading arsenal.Source Code of GOLD Edge PRO MT5
We don't have access to the original source code of the GOLD Edge PRO MT5 robot sold on MQL5. However, based on its description, we can create a similar code. If you have any questions about the code, feel free to ask. This example code is provided by easytradingforum.com and is based on the description of the robot sold on MQL5. Note that the EASY Trading Team does not sell the GOLD Edge PRO MT5 robot; we only created a code based on its description.
Code:
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