AUTOTRADE GOLD MT4 – Full Input Settings Analysis

AutoTrade Gold is a full-fledged automated Expert Advisor (EA) for XAU/USD trading in the MetaTrader 4 (MT4) platform. It utilizes technical analysis and sophisticated algorithms for automatic trading without human intervention. Automatic calculation of lots based on account equity, compatibility with any broker, and stop-loss for protecting the risk are some unique aspects of this EA.

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General Settings & Fund Management

• General Settings
  • Magic Number: 9449 – Used to identify the trades that belong to the EA.
  • OncePerBar: 1 Hour – The EA only makes one trade per hour.
  • SpreadSet: 50.0 – Spread of up to 5.0 pips is allowed.
  • PipGuardTPAdjuster: -1500.0
  • NewTakeProfit: 2000.0 – Default new Take Profit value.
• Money Management – Buy Trades
  • Volume Risk: 1.0
  • Upper Limit: 1.0
  • Stop Loss (Pips): 2000.0
  • Take Profit % of SL: 200.0%
  • Arrow Color Buy: Blue
• Money Management – Sell Trades
  • The same as the Buy Trades, with:
    • Arrow Color Sell: Red
• Trading Time
  • Long Trades: 1h – 23h daily
  • Short Trades: 1h – 23h daily
  • Close Days: Disabled – The EA won’t automatically close trades by the end of the day.

Indicator & Logic confirm signal

• Confirmation by ADX
  • ADX Period: 14
  • Ro_Value Threshold: 20.0
• Confirmation by RSI
  • RSI Period: 14
  • Enter Buy when RSI > 65
  • Enter Sell when RSI < 45
• Trend Confirmation via Moving Averages (TrendDirection)
• Short Term:
  • MA Period: 10
  • MA Method: Simple
  • Trend Strength Threshold: 80
• Long Term:
  • MA Periods: 23 and 100
  • MA Method: Simple

Dynamic Exit Strategy

• Dynamic Exit Methods – Price Action
  • Trade Time: 20 minutes
  • Take Profit (Pips): 400
  • Stop Loss (Pips): 600
• Exit by RSI (Two Types):
  • RSI1:
    • Order Time: 500 minutes
    • RSI Value Range: 30–70
  • RSI2:
    • Order Time: 800 minutes
    • RSI Value Range: 50–50 (exit when RSI is at 50)

Transaction date & month options

• Long and Short Trading Days
  All days from Monday to Friday are enabled (true).
• Long and Short Trading Months
  All months are enabled (true), allowing year-round trading.

Key Takeaways

• Fully Automated Trading: AutoTrade Gold automatically scans the market condition and automatically trades, offering 24/7 opportunities for trading.
• Distinct Algorithm: Unlike standard indicator-based systems, its unique algorithm improves market analysis and can spot profitable gold trades more effectively.
• Fixed Stop Loss Trading with Safe Trading: All the trades are protected by a fixed stop loss so that effective risk management is achievable with lower possibilities of losses.

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