Summary of Reddit Comments on "Scalping EA Gold"

• Scalping EA Gold:
  • A Reddit user shared their experience using a scalping EA for trading gold. They mentioned making $195.31 in profit from an initial capital of $947 in a week, which is roughly a 20% return. They are working on refining the strategy to reduce drawdown.
    • “As promised, after 1 week of trading (29 trades), the strategy managed to make $195.31 in profit from my initial capital $947. That's roughly 20% in a week."
    • “I'm working to refine it even more to reduce the drawdown."
  • Other users commended the results achieved with the EA:
    • “Nice! Keep going"
    • “Very nice work dude"
  • Questions were asked about the strategy used, keltner channel settings, and order distance, indicating interest in understanding the specifics of the EA's operation.
    • “What strat did you use?"
    • *“Setting of keltner channel?"
    • “What strategy it uses and what's distance between each order? Martingale usually very high risk"
  • Another user shared their experience with a Gold Hedging EA that only requires setting the lot size:
    • “I have a Gold Hedging EA that works Extremely well.... No Settings other than Lot Size...."
  • A query was raised about the effectiveness of the bot:
    • “Is this a good bot ?"

Pros and Cons

Pros:

• The scalping EA was able to generate a profit of $195.31 from an initial capital of $947 in a week.
• Users expressed satisfaction and encouragement towards the performance of the EA.
• One user mentioned success with a Gold Hedging EA that required minimal settings.

Cons:

• There is uncertainty surrounding the strategy used by the scalping EA, raising questions about its risk levels and operational details.
• Lack of information about the effectiveness and specific features of the Gold Hedging EA mentioned.
• The potential risks associated with using certain strategies like Martingale were highlighted by users.