MyFxBots Blog | Trade GOLD and SILVER on Metatrader Platform

What are Precious Metals?

Precious metals like Gold and Silver are tradable instruments classed as a commodity, therefore making their price relatively uniform across the world.

Traders tend to use precious metals as ‘safe-haven’ assets which become more tradable as economic developments and political unrest caused increased volatility across other markets. After all, when adverse market conditions arise from war, recession, government debt issues, etc, Gold retains its value whereas stocks and currencies are vulnerable to significant losses.

Gold and Silver are characteristically limited in supply, which means that they tend to be of higher value. Where Gold is used as the main safe-haven asset, Silver is typically used in industrial production. Therefore, it’s more susceptible to price fluctuations from changes in business conditions.

Why TRADE Precious Metals with Tickmill?

Tickmill's aim is to help our traders succeed by providing an exceptional trading experience.

Spreads from 0.0
Access to Gold & Silver crosses.
0.20s Average execution speed.
All trading strategies enabled.
Leverage up to 1:500.

HOW-TO Trade Precious Metals

Buying and selling precious metals doesn’t require you to buy or sell the physical product. You’re simply speculating on the changes in price, just like you would with other financial derivatives.

Price drivers for precious metals, however, are inversely different from other types of financial instruments. Where stocks and shares may see a decrease in value following political unrest or war, precious metals see an influx of investment, driving their prices higher.

Factors that usually affect precious metal prices are supply and demand, national and global economic trends, inflation, USD strength, interest rates, government policy, technology, and more.

MetaTrader Expert Advisors Trading on Silver (XAGUSD) or Gold (XAUUSD) Pairs

WallStreet Forex Robot 3.0 Domination v1.3 <a href="https://www.myfxbots.com/reviews/forex-robots/wallstreet-forex/" title="WallStreet Forex Robot 3.0 Domination" data-bs-toggle="tooltip" class="link">WallStreet Forex Robot 3.0 Domination</a> is a scalper EA that's not limited to the Asian session, opening positions around the clock with a fairly profitable outcome, a few indicators that are shipped with Metatrader are involved creatively, so the entry signals are determined. It has retry loops for opening/closing orders, denoting a certain degree of experience with <a href="https://www.myfxbots.com/" title="automated live trading" data-bs-toggle="tooltip" class="link">automated live trading</a>. Although the DLL programming is sometimes an obstacle for EAs running on multiple pairs with the same DLL, in this EA, this seems to be entirely thread-safe.
Forex Gold Investor v1.94 <a href="https://www.myfxbots.com/reviews/forex-robots/forex-gold-investor/" title="Forex Gold Investor" data-bs-toggle="tooltip" class="link">Forex Gold Investor</a> trades by the use of precise entry and exit trading algorithms with drawdown protection system, intelligent money-management system, revolutionary "Go Long" trading system, and broker SPY module.
Happy Gold v1.9 <a href="https://www.myfxbots.com/reviews/forex-robots/happy-gold/" title="Happy Gold" data-bs-toggle="tooltip" class="link">Happy Gold</a> uses a trend strategy with a modified ZigZag indicator, that best works on XAUUSD in the M30 chart.
Gold Scalper PRO v1.3 The <a href="https://www.myfxbots.com/reviews/forex-robots/gold-scalper-pro/" title="Gold Scalper PRO" data-bs-toggle="tooltip" class="link">Gold Scalper PRO</a> strategy's principle is to enter in a distinctive market impulse direction and follow correction. A principle that has been around for as long as the markets have existed. <a href="https://www.myfxbots.com/reviews/forex-robots/gold-scalper-pro/" title="Gold Scalper PRO" data-bs-toggle="tooltip" class="link">Gold Scalper PRO</a> is not a grid, martingale, or using any other risky strategies, it just employs a classical trading strategy by a textbook using reasonable Stop Loss levels and a prosperous entry and exit trading logic beside an optional money management ATR based algorithm.