Leap of Religion GOLD is designed to commerce GOLD by inserting pending orders primarily based on excessive low for sure intervals.
Benefits of Leap of Religion Gold:
+ Doesn’t use dangerous methods equivalent to GRID, Martingale, or a number of orders.
+ There’s a stoploss to restrict losses.
+ Can be utilized to commerce EURUSD, GBPUSD and USDJPY.
Weaknesses of Leap of Religion GOLD:
+ Not all brokers are appropriate for utilizing this technique. It’s because the insurance policies of every dealer are all the time totally different, particularly in figuring out spreads and slippage.
How you can know the appropriate dealer for Leap of Religion GOLD?
+ By finishing up a backtest, the backtest outcomes can be utilized to find out whether or not the dealer can accommodate the technique utilized in Leap of Religion. If the backtest outcomes are unfavourable, then the dealer shouldn’t be appropriate for the technique embedded in Leap of Religion, but when the outcomes are constructive, you may proceed by conducting a reside commerce take a look at on a demo account.
Account sorts for Leap Of religion GOLD:
+ ECN accounts with low spreads are extremely really useful, however ensure that to do a backtest first as a result of not all brokers are appropriate for implementing this technique, even when the dealer has an ECN account.
Setfile for GOLD:
