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EX111- Gold Robot Scalping [Rate of Change]
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The EA "Gold Robot Scalping [Rate of Change]" is an interesting Scalping strategy that uses the Rate of Change (ROC) to measure price momentum and confirms the signal with an EMA Crossover to find trade entry points.
After the initial trade is opened, it uses a Grid Trading Strategy to open additional trades in the price direction. Crucially, it prevents losses with a Trailing Money Loss system, which limits the maximum total loss to $10 USD.
The backtest results show a profit of 14% in 1 month with a low Drawdown of only 8.67%, indicating that this EA is effective at generating profits and controlling risk in the Gold market.
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