Gold Eagle EA positions itself as a swing trading strategy designed for flat markets, with a primary focus on the XAUUSD (GOLD) pair. The EA utilizes the TrendLine PRO indicator for its trading signals.
About Gold Eagle EA
Gold Eagle is categorized as a trend scalping EA, initiating the first order based on signals from the TrendLine PRO indicator. It features a take profit (TP) mechanism and an automatic order to average TP if the price retraces. Additionally, the trading panel enables manual order placement.
- Trading Panel: Allows manual trading, which is automatically managed and closed by the EA.
- Compatibility: Claims compatibility with other EAs and trading systems.
- Automation: Purportedly trades almost daily.
- News Filter: Provides an option to pause trading during significant news releases.
- Higher Time Frame Filters: Utilized to filter strong trend fluctuations.
- Internet Connection and VPS: Requires a continuous internet connection and VPS for optimal performance.
- Broker Recommendations: Advises using brokers with low spreads, hedge accounts, and leverage of 1:200 or more.
- Minimum Deposit: Recommends a minimum deposit of $1,000 or cents for cent (micro) accounts.
Gold Eagle employs a trend scalping strategy using the TrendLine PRO indicator. Risk management includes a news filter, higher time frame filters, and general advice on money management and risk hedging.
Gold Eagle Expert Advisor
- Regular Trading Activity: Claims to engage in trading almost every day.
- Compatibility: Suggests compatibility with other Expert Advisors and trading systems.
- Manual Trading Integration: Allows manual order placement, which is managed automatically.
- News Filter: Offers the option to pause trading during important news releases.
- Specific Broker Recommendations: Advises using specific brokers, potentially limiting user flexibility.
- Minimum Deposit Requirement: Recommends a minimum deposit of $1,000, which may not suit all traders.
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Gold Eagle EA presents itself as a swing trading solution with a range of features. While it claims regular trading activity and compatibility, users should consider potential drawbacks, such as internet dependency and specific broker recommendations.