Gold Scalper EA Review: This EA is a Forex robot developed and marketed by FX automater, which is headed by Lachezar Krastev. Gold Scalper only trades on Gold (XAU/USD) which makes it quite different from most other EAs. Today we will be reviewing Omega Trend EA to ascertain if the service this vendor is offering is worth the purchase. Read through our review to see what experts have to say about the Forex trading software.
Table of Contents
What Are Forex EAs, Signals or Indicators?
An expert advisor (EA) is software that directs and guides you on what trades to make or pass on, it even automatically initiates and carries out trades according to a set of already programmed instructions. Expert advisors are most often deployed on the MT4 or MT5 forex trading platforms.
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We cannot overstate the advantages and usefulness of Expert advisor. Among the many advantages is the slight learning curve involved in using the Expert Advisor. That is to say, you need little learning to use an EA as the trades are being carried out by a set of instructions already made by an expert. Another advantage is that it can consider a lot of variables that humans may not have the time or potential to handle.
It is normal and not out of character for a Forex EA vendor or signal providers to lay claims to their product being a sure-fire way for you to get richer (it’s mostly just marketing.). This is because anyone who is looking for a signal provider is searching for a hassle-free way to make some profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
Gold Scalper EA Review
Gold Scalper EA was developed by the FX automater team. Ft automater on their website lays claim to having more than 30 forex robots in their arsenal.
FX automater on their website claims to have been in the business for more than 15+ years and more than 10000+ happy clients
Some features of this EA include the following:
- Built-in Money Management System: This apparently allows the traders to set a risk in percentage after which the robot automatically calculates the required lot size according to the set risk and the trader’s free margin.
- Advanced News Filter: This helps traders track important news and events so they can avoid trading at certain times.
- Time management System: This feature enables the price configuration of the robot to trade at specific hours by the traders.
- Friday Exit System: This feature allows traders to configure the robot to close all trades on a Friday evening at a desired, pre-determined time.
- Notifications: The EA can send emails and push notifications directly to their mobile device.
- Manual Trading: This function allows users to manually open trades which would be managed automatically by the EA. This feature is not so often seen in other EAs of its type.
How Gold Scalper EA Works
In this section, we cover the strategy and methodology the EA works. We also take a look at the trade result if any is provided. For the trade results, we hold results that are posted on myfxbook to be standard but we also consider fxblue and other alternatives.
This EA works on the MT4 Platform, it works exclusively on trades on Gold
The information doesn’t give much information that Gold Scalper EA uses. It just states that it utilizes a classic trading strategy that applies a reasonable stop loss with built-in entry and exit trading logic.
Gold Scalper Price
Like other EAs under fxautomater group, Gold Scalper Pro is also priced at $77. It comes with one real account, 3 demo accounts, and a 60-Day Money-Back Guarantee.
Customer Support
They provide a contact form and three different social media accounts.
Client Feedback
Customer feedback is a vital instrument for us to offer up a quantitative review and analysis of an EA. We mostly consider feedback a third-party site as we have found that reviews on the official page might be manipulated, concocted or paid for.
We couldn’t find enough reviews by paying customers to come to a decisive conclusion about this EA.
Conclusion
Because of lack of feedback, we couldn’t gauge the satisfaction of the customers. Although we won’t recommend this EA, it is reasonably priced and hence, consumers probably would not be taking much of an initial risk even if the EA cannot deliver the promised profitability.
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
Accounts
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2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
60 Day Money-back Guarantee
3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
