In this post I will review the Gold Elevate EA forex robot for trading gold (XAUUSD) on the MetaTrader 4 (MT4) forex trading platform. As the Gold Elevate EA is a fully automated forex trading system you simply set it up within 15 minutes on your MT4 trading platform using the instruction guide provided and let it do all of the trading for you – if you want it to of course!
Gold Elevate EA Trading Strategy
The Gold Elevate EA is specifically designed to trade gold on the MT4 trading platform, it is a fully automated forex trading strategy requiring no manual trading on the trader’s part and thus is suitable for novice and advanced traders. For the best possible trading conditions, I would be using an ECN forex broker as I find that they can give low spreads, reliable execution with minimal slippage and competitive trade commissions. A good forex broker can mean the difference between a winning and losing forex trading system.
The Gold Elevate EA does all of the trade analysis and money management for you, just ensure that you set a suitable lot size which you are happy with and only risk what you can afford to lose as trading will always carry an element of risk.
Some of the Gold Elevate EA features include:
- Risk/Reward Stabilizing System
- MPMIS – Multi-Indicator System
- Supply/Demand Price Predictor
- Auto-Adaptive Profit-Trade Technology™
- Super-Accurate ‘80-100%’ Leading Signals!
Gold Elevate EA Back Testing
There are no back tests on the Gold Elevate EA official website. It would have been useful for potential users to see 99% modelling quality back tests using Birts TDS in the MT4 strategy tester. This could have given an idea of the historical performance but of course would be no guarantee of future performance. For the upmost accuracy, back tests can be conducted using real tick data, variable spreads and including commission, swaps and slippage.
Gold Elevate EA Live Results
Gold Elevate EA Summary
Overall, the Gold Elevate EA developer provides little details about the strategy incorporated for trading the XAUUSD (gold). It does include full support, instructions, update and a money back guarantee. I would only start with it on a demo account to begin with and keep in mind that demo trading conditions can differentiate greatly from real trading conditions due to price feeds.