EX105- Gold Robot Scalping [Double RSI]
EX105- Gold Robot Scalping [Double RSI]
$3
The EA "Gold Robot Scalping [Double RSI]" is an interesting Scalping strategy that uses RSI from two timeframes (Daily and 5-minute) as a filter for the trend and the signal for trade entry.
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 6.5% in 1 month with an extremely low Drawdown of only 7.82%, indicating that this EA is effective at both generating profits and controlling risk in the Gold market.
$3
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