Pecker EA is specially designed to work on XAUUSD(Gold) market. Promoted for its advanced algorithms designed to optimize profit potential, this Gold Scalping EA has garnered attention. However, a closer examination reveals a chasm between its lofty promises and the practical outcomes it delivers.
The Pecker EA boasts an array of attractive features aimed at seducing traders into employing its technology. It offers a versatile approach to trading, catering to both scalping and swing trading strategies, thereby accommodating traders’ short and long-term objectives. Notably, it integrates a flexible Martingale system and claims super accurate entry points derived from its superior algorithmic formulations. The promise of account protection measures, the allure of starting with balances as low as $100, and the assurance of low drawdowns (DD) for stable income further embellish its appeal.
Additionally, this Gold Scalping EA includes a news filter to sidestep market volatility during major economic announcements. It also provides a variety of trading modes tailored to different balance requirements and time frames, ostensibly catering to various risk appetites, from the high-risk “Turbo Scalping” to the lower-risk “M30 Swing”.
Analyzing the Claims of Pecker EA
Despite its alluring features, the reality of trading with Gold Pecker EA starkly contrasts its promotional assertions. Key claims such as the ability to start trading with as little as $100 and promises of low DD for stable income are misleading. Such assertions overlook the inherent risks associated with the Martingale strategy, which involves increasing the trade size after a loss in an attempt to recover previous losses and gain profits. This strategy can lead to significant account drawdowns, especially with undercapitalized accounts.
The developer’s recommended balances for different trading modes are optimistically low, failing to account for the volatility and unpredictability of the Forex market, particularly in gold trading. Using news filters can be helpful in preventing losses by turning off the Expert Advisor before major economic events. However, I tested the EA on the strategy tester, and the news filter does not work on it. Therefore, the results could potentially be better if used on a live or demo account.
Still, developer recommended balances are insufficient for safely running this Gold Scalping EA, especially considering the Martingale component, which can exponentially increase trade sizes and, consequently, risk. Please consider my recommendation by me below.
Please test in a demo account first for at least a week. Also, please familiarize yourself with and understand how this Gold Scalping Robot works, then only use it in a real account.
Recommendations for this Gold Scalping
- Default settings are not recommended, Please try using one of the three given set files.
- Low Risk – Minimum account balance of 3000$ or equivalent cent(30$) account. (M30 Time Frame)
- Medium Risk – Minimum account balance of 6000$ or equivalent cent(60$) account. (M5 Time Frame)
- High Risk – Minimum account balance of 10000$ or equivalent cent(100$) account. (M1 Time Frame)
- EA is specially made to work on XAUUSD(Gold).
- To reach stable results, This Gold Scalping EA should work on VPS without any interruption 24/7. So we recommend running this free forex EA on a reliable VPS (Reliable and Trusted FOREX VPS)
- Work on any account. But, we recommend a broker with a cent account. (Find the Perfect Broker For You)
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Based on my analysis and testing, the recommended balances provided by the developer are not sufficient for safe trading. Traders considering the Pecker EA should start with significantly higher balances to mitigate the risks associated with the Martingale strategy and the volatile nature of Gold trading. Additionally, since the EA offers customization options and documentation, traders should consider optimizing the EA.
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Only works on Demo
- Read More IS RED FREE MT4 EA Download
Conclusion
While the Pecker EA promises a plethora of features designed to enhance trading on the XAUUSD pair, a critical assessment reveals significant discrepancies between its advertised benefits and the realities of its application. The allure of starting with low balances and achieving stable incomes with low drawdowns is overshadowed by the risks associated with its strategies, particularly the Martingale approach.
Prospective users must undertake diligent research, exercise caution, and adopt a conservative approach to utilizing this Gold Scalping EA. Emphasizing proper capitalization, risk management, and continuous optimization can mitigate some of the risks, but traders should remain wary of the inherent uncertainties in Forex trading.
Thanks admin iam a gold scalper
This bot used martingale and trade very aggressive even on low risk set file because lot multiplier is 2.0 so ready to burn your account or double it in few days.
if you set multiplayer to 1.3 , your account survive well
Thanks to the admin, instead of all these robots causing damage, I decided to participate in this group; No risk and no stress
Please, Adm, update the Forex Quantum EMPEROR EA. The older version has been deleted from this website, probably because it’s no longer working. Thanks!
The license key “6865” doesn’t work. Gets error “your mt4 account is not registered”
Para mim também não está funcionando em conta real.
Not Working
Onde posso comprar esse EA?
This Licenses kye is not workout proper.
Is this history reading EA that produces fake backtest results ?
Good EA but expired
Well I have a bot that works on all currency pairs, commodity, indices that was bought from someone and I can recommend him any day and at any time though it’s a little bit expensive but it’s worth it, he also has HFT EAs for those who have issues with prop firm passing you can reach out to him on telegram at t.me/Obaofabuja
buona sera admin , conosco bene il pecker, ho montato questo expert ma mi dice che la licenza non è abilitata e non esegue op