Question 1

What type of strategy does Smart Gold MT4 use?

Accepted Answer

It is a Gold-focused automated system that uses wide profit targets combined with trailing stop for trade management, while avoiding high-risk methods like Martingale and Grid.

Question 2

Is it safe to use?

Accepted Answer

It avoids Martingale and Grid. However, the default risk setting is quite high (10%). It is strongly recommended to lower the risk percentage for safer trading.

Question 3

What is the risk level?

Accepted Answer

Medium to High at the default 10% risk. Risk becomes more manageable when reduced to 1–3%.

Question 4

Why is Take Profit so wide (6300 pips)?

Accepted Answer

The EA is designed to capture larger moves in gold by giving trades more room to run, supported by the trailing stop function.

Question 5

Is it suitable for beginners?

Accepted Answer

It can be used by intermediate traders. Beginners should significantly reduce the risk percentage and test thoroughly on a demo account first.

Question 6

How many orders can it open at the same time?

Accepted Answer

It is limited to a maximum of 2 orders at any given time.

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