Currency Pairs: XAUUSD GOLD
Timeframes: H1
Minimum Deposit: $200
Recommended Account Type: ECN or Raw Spread
Leverage: From 1:30 to 1:1000
Recommend broker: Roboforex
Recommend Vps: GoVPSFX
Gold Speed MT5 is a fully automated trading robot (EA) for the MetaTrader 5 platform, designed specifically for trading gold (XAUUSD). It is aimed at traders who prefer scalping and short-term trading strategies, and uses the principle of entering positions in the direction of a strong market impulse with a subsequent correction. Gold Speed MT5 is positioned as a high-speed trading tool that can work with gold and other instruments such as BTC and US30, provided that the broker provides low latency and no requotes.
Strategy:
Gold Speed MT5 uses a momentum-correction approach. The EA identifies strong market momentum and opens positions in their direction, waiting for a subsequent correction to lock in profits. This makes it suitable for scalping, especially in low-volatility sessions.
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