Introduction
Welcome to the exciting world of automated trading with Doctor Gold, a versatile trading robot designed to cater to different trading styles including scalping, day trading, and swing trading. Developed by the EASY Trading Team, Doctor Gold offers flexible settings to adapt to various market conditions and trading preferences. In this article, we will explore how you can configure Doctor Gold for each trading style and what results you can expect. For detailed information about the robot, please visit Doctor Gold Forex Software Review.Scalping
Scalping is a high-frequency trading style that aims to make small profits from numerous trades throughout the day. To use Doctor Gold for scalping, you need to set the robot to execute trades with high frequency and tight stop-loss levels.Key Settings for Scalping:
- **Timeframe:** 1-minute (M1) or 5-minute (M5) charts
- **Stop-Loss:** Tight stops (5-10 pips)
- **Take-Profit:** Small targets (5-10 pips)
- **Trade Frequency:** High
Expected Results:
With scalping, the robot can generate consistent small profits throughout the trading session. However, it is crucial to monitor market conditions closely as high volatility can lead to higher risks. Scalping with Doctor Gold is best suited for traders who prefer quick trades and are comfortable with higher trading frequency.
Day Trading
Day trading involves making trades that are held within the same trading day. Doctor Gold can be adjusted to capture intraday price movements and take advantage of daily market trends.Key Settings for Day Trading:
- **Timeframe:** 15-minute (M15) or 30-minute (M30) charts
- **Stop-Loss:** Moderate stops (15-30 pips)
- **Take-Profit:** Moderate targets (20-50 pips)
- **Trade Frequency:** Moderate
Expected Results:
Day trading with Doctor Gold can yield moderate returns by capturing the price movements within a single trading day. This style is ideal for traders who can dedicate time to monitor the market during the day and prefer closing all positions before the market closes.
Swing Trading
Swing trading aims to capture price swings that occur over several days or weeks. Doctor Gold can be configured to hold positions longer, allowing it to benefit from larger market movements.Key Settings for Swing Trading:
- **Timeframe:** 4-hour (H4) or daily (D1) charts
- **Stop-Loss:** Wider stops (50-100 pips)
- **Take-Profit:** Larger targets (100-200 pips)
- **Trade Frequency:** Low
Expected Results:
Swing trading with Doctor Gold can result in significant profits by capturing larger price swings. This style is suitable for traders who prefer a longer-term approach and are comfortable holding positions overnight or over the weekend.
Source Code of Doctor Gold
While we don't have access to the original source code of the Doctor Gold robot sold on MQL5, we can create an equivalent trading robot based on its description available on the MQL5 website. This allows traders to gain insights into how the robot operates and make necessary adjustments to fit their trading styles.If you have any questions about the code, feel free to ask. Remember, this is a sample code from easytradingforum.com, inspired by the Doctor Gold robot sold on MQL5. The EASY Trading Team does not sell Doctor Gold but has created a code based on its description.
Code:
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