Introducing Gold Vortex EA
The Gold Vortex EA is a fully automated expert advisor designed for scalping XAUUSD (gold) on the H1 timeframe within MetaTrader 4. Originally priced at $399 USD, this expert advisor is now available for free download, providing traders with a powerful tool to enhance their trading strategies.
Core Features and Strategy
- Automated Scalping: Optimized for gold trading, the EA operates on the H1 timeframe for fast and effective scalping.
- Controlled Martingale and Averaging Grid: Utilizes a measured martingale method combined with an averaging grid for strategic position management.
- Hard Stop-Loss: Each trade is secured with a predefined stop-loss to manage risk effectively.
- Long Bias: Shows a natural inclination towards long positions, benefiting from gold’s historical uptrend.
- Session and Volatility Adaptation: Adjusts its parameters according to market dynamics for optimized performance.
Requirements and Recommendations
- Minimum Account Balance: $1,000 USD is recommended.
- Leverage: Minimum 1:30, with 1:100 or higher being ideal.
- Platform: MT4 (MetaTrader 4) for optimal performance.
- Broker Type: Low spread ECN broker recommended.
Installation Steps
- Download the Gold Vortex EA file.
- Open MT4 and go to File > Open Data Folder.
- Navigate to MQL4 > Experts and place the EA file in this folder.
- Restart MT4 and find the EA in the Navigator under Expert Advisors.
- Drag the EA onto a gold (XAUUSD) chart on the H1 timeframe and adjust settings as needed.
Please test the EA on a demo account for at least a week to understand its functionality before using it on a live account. A reliable VPS is also recommended to ensure continuous operation.