How to Trade with XAUUSD Signals and Expert Advisors
Apart from coming up with xauusd trading signals, traders can also decide that they want to trade with xauusd trading signals or Expert Advisors. These 2 techniques are very popular when it comes to trading the online xauusd market. XAUUSD traders who want to trade with these methods might spend a lot of time researching which is the best EA or XAUUSD Signal - instead when it comes to Expert-Advisor XAUUSD Robots there is a library of Expert-Advisor XAUUSD Bots that traders can find on the MQL5 forum & when it comes to signals there is a list of the top xauusd signal providers made up of profitable traders who trade using MetaTrader 4 software that provide xauusd signals which traders can subscribe to & trade with.
Gold Signals
Traders can trade using xauusd signals - instead of generating trading signals of their own using xauusd systems traders can subscribe xauusd signals from other profitable traders and copy the trading of these trading signal providers. Trading using xauusd signals is sometimes also called copy trading.
A xauusd signal service such as the MQL5 signal service is setup by the owners of MetaTrader 4 platform. Profitable traders can then setup their signal service and other traders can then subscribe to these signals from the MQL5 signal service directly from their MT4 software.
Once signal providers generate a signal the trade is then automatically copied and sent to the trader’s account & similar trades are also opened on xauusd trader’s account. These trades will remain open until when the signal provider closes them and on the trader’s account the trades will also be automatically closed.
To learn & know more about xauusd signals traders can read the article - MQL5 xauusd signals. These xauusd signals are provided by profitable traders who trade the xauusd market using their own accounts with money invested in their account & this traders have passed a month trading period to prove their xauusd strategy is profitable after which these traders have then become signal providers.
XAUUSD Trading Expert-Advisors
Automated xauusd strategies in xauusd are known as Expert Advisors or EA or XAUUSD Robots. These robots are used by traders to generate automated trading signals that will open buy & sell gold trades on behalf of the trader based on the set trading parameters.
When these sets of parameters are met the EA will then open a gold trade. EA also has another set of parameters which will be used to calculate where to close a trade.
The best place to start for those who want to learn how to program and come up with their own EA XAUUSD Robots MQL5 forum of EA programmers is the best place to start. This forum also has a library of many xauusd Expert Advisors that traders can download - some are free and some are for sale. Those that are for sale can be tested out by traders using their demo version which can be tested on the MetaTrader 4 strategy tester environment, this way a trader can test an Expert Advisor to determine how it performs in xauusd market before buying the Expert-Advisor.
To learn and know more about EA XAUUSD Robots, traders can read our article - MQL5 Gold Expert Advisors Library.
