Scout Gold EA is an automated Trading MT4 EA specially designed to trade on XAUUSD(GOLD) pairs. Trading on the Gold Market is more Profitable than other pairs and riskier, So having the right tool to help you is a big part of the gold trading process.
There’s a crucial point for anyone looking to venture into the gold market – it’s always changing. The key to success is acknowledging there’s no such thing as a failsafe method that guarantees victory in the market indefinitely. The primary strategy used by Scout Gold V9 is “eat fast, withdraw fast,” designed to help traders seize profitable trades quickly and exit before the market shifts.
This strategy becomes particularly useful after getting your initial capital back. Once the initial investment is secured, users are encouraged to explore more high-risk strategies, thus providing an opportunity to potentially achieve higher returns.
One of the critical features of the Scout Gold EA is its ability to determine the market reversal point. This feature enables the EA to enter before the virtual orders, helping traders seize the moment as the market shifts. However, there’s always the possibility of error in this volatile market.
If the initial prediction is incorrect, a martingale strategy is used to average the price. This strategy essentially means that the trade size increases with each losing trade. While it is risky, this strategy can help manage losses and turn a losing streak into a profitable one.
Scout Gold V9 has a quick close feature, providing traders with an additional layer of control over their transactions. These features include ‘Close All’, ‘Close Sell’, ‘Close Buy’, and ‘Close Profit’ buttons.
The ‘Close All’ button allows traders to close all open orders simultaneously, while ‘Close Sell’ and ‘Close Buy’ enable closing all selling and buying trades, respectively. The ‘Close Profit’ button comes in handy when traders want to close all profitable trades swiftly. These features offer users the flexibility to respond rapidly to market changes, thus minimizing potential losses and maximizing profits.
Scout Gold Robot can get a bit risky sometimes since it utilizes the martingale method sometimes. Because of this method, this EA has a very high ROI(Return on investment). According to the developers, this automated trading system can perform miracles. How Much Profit you can make monthly depends on your lot size and risk value.
Recommendations
- Minimum Account Balance of 1000$ or equivalent cent account.
- Risky Method – You can use a 500$ account the withdraw the deposit after doubling the deposit method. This method is risky since EA can double the 500$ Accounts in a week or two with a chance to blow the account too.
- Safe Method – You can also use a 100$ cent account or an equivalent normal account for the safe Method.
- Work Best on GOLD (XAUUSD). (Work on any pair)
- Work best on M1. (Work on any time frame)
