The video reviews a specialized EA for gold called SM Gold MT4, which is a private scalper that works on one-minute time frame. The EA only trades on gold and does not use Martingale or grid, instead, it uses stop loss and trading stop loss to protect trades. The video shows verified live results, which indicate a high win rate and an average holding time of three hours. The EA is recommended for people with smaller accounts who want to triple their money in three or four months. The video also emphasizes the need to use an ECN account and VPS to run the EA effectively.

SM Gold MT4 Review: The Best EA for Gold Trading?

Introduction
– Description of the EA
– Purpose of review

The Strategy of SM Gold MT4
– Scalping strategy
– One-minute timeframe
– Works only with gold

Critical Points to Consider
– Need for ECN account
– No use of Martingale or grid
– Trades protected by stop loss and trading stop loss
– Suitable for smaller accounts

Live Account Results
– Use of live IC Market
– Starting with 100 Euro and earning five times return
– High profit trade win rate at 91%

Drawdown and Average Holding Time
– Medium drawdown to be expected
– Average holding time of three hours

Consistent Profits
– Results for September to December 2020
– Limited number of trades per day
– Use of trailing stop loss

Accuracy and Risk Management
– High accuracy and low losing rate
– Respect to reward ratio
– Use of VPS and ECN account

Conclusion
– Summary of findings
– Recommendation to test the EA on demo account.