ROBOT DE ORO MR. Y 5.0 MT4

MYFXBOOK

Strategy type: Based on market analysis and typical gold trading approaches, the EA can use a combination of indicators such as Moving Averages, RSI, MACD or support/resistance levels to determine entry and exit points. It is also possible to use grid or martingale strategies to manage losing positions, which is often found in EAs called “Gold”.
Possible key features:
Automatic market analysis:
Uses built-in indicators to determine trends and price reversals.
Can analyze gold volatility, which is important for XAU/USD, where price movements are often sharp.
Risk management:
Customizable stop loss (SL) and take profit (TP) for each trade.
Possibility to use dynamic lot (for example, percentage of deposit) or fixed lot.
Probably includes protection against large drawdowns, although if martingale is used, the deposit should be sufficient to withstand a series of losing trades.
Flexible settings:
The user can set parameters such as lot size, risk levels, time frame and indicators.
Possibility to turn on/off functions such as trailing stop or transfer to breakeven.
Time trading:
Can be set to work in certain trading sessions (for example, London or New York), when gold volatility is highest.
Compatibility:
Works with any broker that supports MT4, but it is recommended to use ECN accounts with low spreads, especially for XAU/USD.
Trading application:
ROBOT DE ORO MR. Y 5.0 is suitable for traders who want to automate gold trading, minimizing manual analysis.
Examples of use:

Trend trading: The EA can open positions in the direction of the main trend, using, for example, the crossing of moving averages.
Counter-trend trading: If the price reaches the overbought/oversold zones (according to RSI), the EA can open positions for a reversal.
Scalping: Given the high volatility of XAU/USD, the EA can be set to capture small price movements (10-20 points).
Loss management: If martingale is used, the EA can open additional positions when the price moves against the initial trade, increasing the lot to compensate for losses.