Question 1

Is it suitable for beginners?

Accepted Answer

Yes. The settings are straightforward and risk controls are solid. Start with fixed small lot size and test on a demo account first.

Question 2

Can it trade other pairs?

Accepted Answer

It is specifically optimized for XAUUSD (Gold).

Question 3

What type of strategy does Golden City EA MT4 use?

Accepted Answer

It is a Technical Indicator + Controlled Grid strategy optimized for Gold.

Question 4

What is the risk level of Golden City EA MT4?

Accepted Answer

It is Medium Risk. The grid is limited and news filter is strong, making it relatively safe.

Question 5

What account type is recommended?

Accepted Answer

Best on ECN or Raw Spread accounts with low spreads. Minimum deposit $500 is recommended.

Question 6

Does it use Martingale?

Accepted Answer

No aggressive Martingale. It uses mild, controlled grid averaging.

Golden City EA MT4Premium