WallStreet GOLD Trader was developed to allow WallStreet Forex Robot users to trade on GOLD as well. It has been used the trading principle of the original WallStreet Forex Robot 3.0 and it has been adapted for trading in GOLD(XAUUSD). The test results looks very promising and we believe that WallStreet GOLD Trader will provide consistent long-term profits.
It is important to mark here that some brokers offer very disadvantageous spreads in XAUUSD, sometimes even greater thatn 20 cents. WallStret GOLD Trader works best with spreads less than 3 cents, which is normal for most of the reputable ECN brokers.
We have performed 99.99% quality REAL tick tests with real spreads which are consistent with the M1 open price only backtests. You also can use the M1 open price only back-testing method with confidence. The main WallStreet GOLD Trader settings are identical with WallStreet 3.0 settings, that explained in the user guide. We suggest you to not set risk greater than AutoMM=5, which is about 0.05 lots at $1000 account equity. We recommend you to perform a backtest with your account balance and desired AutoMM value, before using the automatic money management function(AutoMM>0). This is essential because some brokers are using different lots sizes for XAUUSD, which normally should be 100 000 ounces per lot. In case, you have questions do not hesitate to contact us!
What you should be aware of when using WallStreet ASIA on a real-money account:
When you enable News Filter for using with this forex robot it is very important to set up GMT Offset. You can read more here How to set correct GMT Offset. Due to time differences between the trading sessions and brokers. Our forex robot, WallStreet GOLD Trader, is developed to trade during all the trading session. Here are the parameters of the robot:
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