Scout Gold EA V9 FREE Download [Update] Scout Gold EA V9 FREE Download [Update]
Scout Gold EA is an automated trading MT4 EA designed specifically for trading the XAUUSD (GOLD) currency pair . Trading the gold market is more profitable than other currency pairs, but also riskier, so having the right tools to help you is an important part of the gold trading process.
For anyone thinking of venturing into the gold market, there's one key point - it's always changing. The key to success is acknowledging that there is no foolproof method that will always guarantee victory in the market. The main strategy used by Scout Gold V9 is " Eat Fast, Get Out Fast ", which is designed to help traders grab profitable trades quickly and exit before the market turns.
This strategy becomes especially useful after you have recovered your initial capital. Once the initial investment is secured, users are encouraged to explore higher risk strategies, providing the opportunity for potentially higher returns.
One of the key features of the Scout Gold EA is its ability to identify market reversal points. This feature enables EAs to enter ahead of virtual orders, helping traders seize opportunities when the market changes. However, in this volatile market, there is always the possibility of things going wrong.
If the initial forecast is incorrect, use the martingale strategy to average the price. This strategy essentially means that the trade size increases with each losing trade. Although it is risky , this strategy can help manage losses and turn losing streaks into profits.
Scout Gold V9 features a quick closing feature that provides traders with an extra layer of control over their trades. These functions include "Close All", "Close Sell", "Close Buy" and "Close Profit" buttons.
The "Close All" button allows traders to close all open orders simultaneously, while "Close Sell" and "Close Buy" close all sell and buy trades respectively. The "Close Profit" button comes in handy when a trader wants to quickly close all profitable trades. These features give users the flexibility to respond quickly to market changes, minimizing potential losses and maximizing profits.
The Scout Gold Robot can be a little dicey at times, as it sometimes uses the martingale method. Due to this approach, this EA has a very high ROI (return on investment). According to the developers, this automated trading system can work wonders. How much profit you can make each month depends on your lot size and risk value.
The strategy with this EA is to make a quick profit and then withdraw your money quickly . Of course, this is a holy grail, and there is a risk that the advisor will one day run out of savings. However, the main rule is to withdraw your deposit after doubling it.
Please test in a demo account for at least a week first. Also, please familiarize yourself and understand how this Scout Gold robot works and then only use it on a real account.
Scout Gold EA Recommendations
- Minimum account balance 1000$ or equivalent cent account.
- Risky Method – You can use the deposit method of doubling your account deposit of $500 and then withdrawing it . This approach is risky because the EA can double the $500 account in a week or two or it can destroy the account.
- Safe Method – You can also implement the safe method using a 100 cent account or an equivalent regular account.
- Work Best on GOLD (XAUUSD) . (Applies to any pair)
- Work best on M1. (work on any time frame)
- This EA isn't all plug-and-play and watch. You may need to watch for volatile markets and close trades.
- For best performance, Scout Gold EA should be online 24 hours a day. Recommended VPS (Reliable and Trustworthy Forex VPS – FXVM)
- Low Spread ECN accounts are also recommended ( find the best broker for you here )
Input Parameters
- Auto Money – If True: Ea will automatically manage the following parameters:
- if (balance <1200) {lot size = 0.01; maximum lot size = 0.1;}
- If (Balance>=1200&& Balance<2000){Lots=0.01;MaxLots=0.15;}
- If (Balance>=2000&& Balance<2500) {Lots=0.02;MaxLots=0.2;}
- If (balance>=2500&& balance<3000){lot=0.02;MaxLots=0.25;}
- If (Balance>=3000&&Balance<3500){Lots=0.02;MaxLots=0.3;}
- If (balance>=3500&& balance<4000) {lot size=0.03; maximum lot size=0.4; }
- If (balance>=4000&& balance<4500) {lot size=0.03; maximum lot size=0.4; }
- If (Balance>=4500&& Balance<5000){Lots=0.03;MaxLots=0.5;}
- If False: you need to set the parameters manually (lot size and maximum lot size)
- Lots: The trading volume of the first order, then Ea will automatically calculate the lot size based on the Fibonacci coefficient
- Max Lots: Maximum opening amount
- Daily profit target (%): Set a profit target for 1 day. When the target is reached, the EA will stop trading for the day.
- Monthly profit target (%): Set a profit target for 1 month. When the target is reached, the EA will stop trading for that month and automatically trade again in the new month. If you want the Scout Gold EA to continue trading after reaching your monthly goals, you need to delete and reinstall the EA. (At this time, I recommend that you reduce your trading volume and maximum loss to ensure your monthly profits)
- Maximum loss (%) for closing all orders: {Stop Loss} When the balance is negative for a certain percentage, Ea will close all open positions. If you don't want to stop loss, set =100.
- Max Orders: The maximum number of positions allowed to be opened.
- Space (Point): Minimum distance between two locations (in points)
- Max Slippage: The maximum acceptable slippage relative to the order position.
- Max Spread: When the spread is greater than this number, EA will not place an order.
- Percent risk: When FreeMargin reaches this negative level, the EA is not allowed to enter further positions.
- Allow session transactions: True or false
- Friday Exit Time (GMT): Friday trading stop time
- Min Take Profit: When there is only 1 order, this is the minimum positive distance that the EA starts tracking
- Average + Take Profit: When the order quantity exceeds 2, Scout Gold V9 will average the price and add a certain distance, and then start tracking.
- Take profit has 2 orders: used to calculate the profit distance when there are 2 orders.
- Order same Lots: The same number of orders for the first volume
- Orders Density: The number of orders opened in a day is determined by this parameter. The larger the number –> the number of orders opened by EA will be smaller, but it is also safer.
- Additional Space: Starting from order 8, the opening volume of orders greater than 8 = space + additional space
- Track all orders: If it = false, Ea will not track but close all orders when the total position is positive.
- Tail Order: Scout Gold EA will track the last open position when the conditions are met.
- Trailing One Order: When Ea is eligible, it will trail the first open order
Updated on 2024/11/01
- Download Forex Aurum Indicator – How to Make Money Trading Forex?
Conclusion on Scout Gold V9
All in all, while the Scout Gold V9 may be praised for its innovative approach and advanced control features, it's not without significant shortcomings. Employing a martingale strategy amplifies risk, and the ability to close positions quickly requires a level of accuracy that may be difficult to maintain. Furthermore, encouraging riskier strategies after initial capital is obtained is fraught with potential pitfalls. Therefore, while fun on the surface, Scout Gold EA should be used with considerable caution.
Scout-Gold-V9.5.9-EA.zip
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