Question 1

What type of strategy does IQ Gold EA MT4 use?

Accepted Answer

It is a pending order automation system that places Buy Stop and Sell Stop orders based on market analysis. It uses very tight Stop Loss for risk control and avoids Martingale or Grid methods.

Question 2

Is it safe to use?

Accepted Answer

Yes. It avoids high-risk methods and uses a very tight Stop Loss. The default 1% risk setting is conservative. However, the extremely tight Stop Loss (8 pips) means trades can be stopped out quickly in volatile conditions.

Question 3

What is the risk level?

Accepted Answer

Low — thanks to the conservative 1% risk setting and avoidance of dangerous recovery methods.

Question 4

Why is Stop Loss so tight (8 pips)?

Accepted Answer

It is designed for precise, short-term pending order execution where the goal is to keep individual trade risk very small.

Question 5

Is it suitable for prop firms?

Accepted Answer

It can be suitable due to its clean execution and avoidance of aggressive methods. Always verify with your specific prop firm rules.

Question 6

Is it suitable for beginners?

Accepted Answer

It can be used by intermediate traders. Beginners should test thoroughly on a demo account first, especially with the tight Stop Loss settings.

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