Best Tested Gold Trading Strategies 2024
I will be testing the best free gold trading strategies for you, my subscribers, so you will know which robot to trade within a real account challenge or a funded account at any moment. I came up with this idea after we tested many expert advisors’ gold trading strategies.
Best gold trading strategies
I had my team member Matt test several robots. He has already exported 21 different Expert Advisors from the MQL5 market and put 28 different types of EAs into one MetaTrader account. We run this account 24/7 on a dedicated VPS server. This way, we know at any given moment who the best Expert Advisors are, and I decided to make it public.
Where you can track the best performers of all time, no matter what time you are watching this article, and you will know which one of the expert advisors is the most profitable and how you can rank them according to the net profit, or you can use the profit factor that I like the most is looking at the net score this way, I know which expert advisor brought the most pips in the account because some of them trade in different amounts and that’s why net pips are better than net profit.
Types of gold trading strategies
If you sort them according to Net Pips, you will see that I have an Expert Advisor with magic number 123 at the top, so how do you know what this Expert Advisor is from MQL5 Marketplace? Only you can see the names of Expert Advisors with their magic numbers, so the Expert Advisor that performs best is Wiki Gold Pro version 1.2
Wiki Gold Pro features
You can see the EAs that we test and their respective magic numbers. Once you visit the stats and choose the best EAs according to your criteria, you can see in the table that EAs, in this case again, 123, the magic number, refer to the expert Wiki Gold Pro. Because we have done a lot of Work on that, I thought it would be beneficial for everyone.
If we keep testing these free Expert Advisors on our demo account on a VPS server, let me show you how I used these stats in one of my challenges from FundedNext. When I bought the challenge, I started using the Breakout and Trend Follow trading system, which showed the best results from all the free gold EAs I tested. At the top was the magic number 102 from this EA, but the end with 03 is from the EA, and you can see that lately, it has been losing a lot.
Breakout and Trend Follow the trading system
It is the one that I was using the Breakout and Trend Follow trading system on the hourly chart. After a few days of trading, I noticed losses, so I switched to the version ending with 02. However, the results were not promising, so I switched to the expert advisor called CAP Breakout, which is another free expert advisor out of all the advisors I tested.
And this one is still showing profits, and it’s in second place and profitable ,You can see that it brought in some profits from my challenge, but today, I saw that another expert advisor is performing better, and it’s precisely the advisor with the magic number 123 again. It’s the expert advisor Wiki Gold Pro; this is how I manage my Expert Advisors, and I keep testing all of them on a virtual or demo account.