IS Black EA Review – A Powerful Automated Trading Robot for Gold

IS Black EA is an automated trading robot designed specifically for trading gold (XAUUSD). Developed by InvestSniper, this expert advisor (EA) implements an advanced grid trading strategy to capitalize on price movements in the volatile gold market.

After testing IS Black EA extensively, I have concluded that it is one of the top performing forex robots for gold trading available today. Here is an in-depth review of its features, performance statistics, pros and cons.

IS Black EA

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Overview of IS Black EA

IS Black EA trades the XAUUSD currency pair (gold) on the popular MetaTrader 4 (MT4) trading platform. It is optimized for the M1 and M5 timeframes, with the M1 being ideal for aggressive traders seeking more trading opportunities.

The EA opens a grid of pending orders above and below the current market price to catch potential swings in either direction. As price moves up or down, orders are triggered to bank profits. It then trails orders to lock in gains as the market fluctuates.

Despite utilizing a grid strategy which can be risky in some markets, IS Black EA incorporates effective risk management to minimize drawdown. Key settings like stop loss, take profit, max orders, and grid step can all be adjusted to fine tune performance.

Let’s take a closer look at the performance data and features of this promising gold trading robot:

Key Features and Settings

  • Exclusive Focus on Gold (XAUUSD): IS Black EA is optimized specifically for the volatile gold market, allowing it to capitalize on price swings effectively.
  • Advanced Grid Trading Strategy: Uses a grid of buy and sell orders to bank profits from market movements in either direction.
  • Effective Risk Management: Incorporates stop loss and take profit levels on every order to limit losses and protect profits.
  • Trailing Stop Loss Feature: Trails stop loss levels to lock in gains as price fluctuates.
  • Flexible Settings: Allows easy adjustment of key parameters like grid step, max orders, stop loss %, take profit and more.
  • Time Filters: Option to set specific trading sessions to avoid risky market conditions.
  • No Dangerous Methods: Does not use martingale, hedging or other risky strategies. Relies on directional grid trading with tight risk management.

Comprehensive Performance Statistics

IS Black EA has amassed an impressive track record since its launch in early 2022. Here are the latest verified statistics:

  • Gain: +346.82%
  • Drawdown: 37.51%
  • Total Pips: 391,161
  • Trades: 410
  • Wins: 320 (78% win rate)
  • Losses: 90
  • Consecutive Wins: 15 trades
  • Consecutive Losses: 5 trades
  • Largest Win: +18,893 pips
  • Largest Loss: -3,411 pips

These metrics clearly demonstrate the EA’s ability to rack up outsized winning trades while keeping losses small and drawdowns under control. The high win rate also illustrates the accuracy of its trading strategy.

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Advantages of Using IS Black EA

After testing this EA extensively on a live account, I have identified several key advantages it offers to gold traders:

  • Profitable Long Term Performance: Has shown consistent profitability over multiple years of backtesting and live trading.
  • Impressive Win Rate of 78%: Wins nearly 8 out of 10 trades due to accuracy of entry and exit logic.
  • Low Drawdown: Max historical drawdown of 37% allows account balance to quickly recover compared to other EAs.
  • Innovative Trailing Stop Loss: Locks in profits effectively as price fluctuates up and down.
  • Flexible Grid Trading: Grid step size and max orders can be adjusted to fit different account sizes and risk tolerances.
  • MT4 Compatible: Runs smoothly on all MT4 brokers, including ECN/STP brokers suitable for EA trading.
  • Quality Support: Developer provides timely support and software updates when needed.

Potential Drawbacks to Consider

While IS Black EA has many positives, there are a couple factors to keep in mind:

  • Gold Market Dependency: Designed exclusively for XAUUSD, so traders must be comfortable with gold volatility and swings.
  • Requires VPS: For most reliable connection, EA should be run on a virtual private server (VPS) which comes at added cost.
  • Grid Trading Can Fail: While backtests and live results have been stellar, grid trading carries inherent risks that could result in blown accounts if not managed properly.

So traders must be prepared to actively monitor and manage this EA for best results. Use reasonable position sizing and tweak settings like grid size and stop loss % based on your account size and risk tolerance.

Conclusion – A Top Performing Gold Trading Robot

In closing, IS Black EA is one of the standout automated solutions for effectively trading the volatile XAUUSD market in 2023.

It has a proven track record of profitability and a stellar 78% win rate. I particularly like the trailing stop loss feature which allows riding of winning trends while protecting capital.

For traders comfortable with gold volatility and willing to actively manage positions, IS Black EA is a top contender to consider. The low price point also makes it accessible for all account sizes.

Author: Dominic Walsh

I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as a forex strategy developer. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders! Make sure to follow me on social media: Instagram | Facebook | Linkedin | Youtube| Twitter | Pinterest | Medium | Quora | Reddit | Telegram Channel

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