IS Best Gold EA is an automated trading algorithm designed specifically for the XAUUSD (Gold) market. According to the developer, this Gold Scalping Robot is an evolution of the “IS New Project EA,” refined to capture the best qualities of its predecessor while focusing exclusively on Gold scalping.
The EA is marketed as a “mathematical algorithm” that eschews traditional indicators in favor of pure Price Action and mathematical probability to identify entry points. It is available for MetaTrader 4 (MT4).
Trading Strategy: Math vs. Indicators
MACD, etc.) are lagging and often misleading in the volatile Gold market. Instead, the EA uses a proprietary mathematical formula to analyze price movements in real-time.
The developer emphasizes that this gold scalping robot is a non-martingale system. Martingale strategies, which involve doubling trade sizes after a loss, are risky and can lead to blown accounts. By avoiding this, IS Best Gold EA aims to offer a safer, more sustainable growth curve with “ultra-low drawdown.”
Recommendations
- Minimum account balance of 500$.
- Work Best on the XAUUSD(Gold) pair.
- The default setting is not optimized well. Please use the given .set files or try to optimize it.
- Work Best on M1 TimeFrames
