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CYPHER GOLD EA MT4 – Full Input Settings Analysis
Cypher GOLD EA is an advanced Expert Advisor specially designed to trade gold with the MetaTrader 4 trading platform. The trend-following approach behind this trading strategy, combining Moving Averages with multi-timeframe RSI analysis, allows it to accurately detect breakouts of daily support and resistance. Advanced risk management boosts trading accuracy and turns this EA into a very trustable tool for traders who want to obtain predictable and stable profits in the gold market.
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PROP FIRM SETTINGS & RISK CONTROL
- GoldUxeStart: 15:30
EA begins monitoring signals from here. - GoldUxeOrder: 16:30
This is where the EA starts sending trade orders. - Magic Number: 777
A distinct key that is utilized to identify trades conducted by this EA from others.
TRADING VOLUME MANAGEMENT
- Lot_Sizing: Risk_Based
The EA uses risk-based method to calculate lot size. - LotSize: 1.0
Default lot size in case of not using risk-based calculation. - Lot Increase Factor After Loss: 5.0
When the trade is lost, the lot size increases by this factor (a type of martingale). - MaxLotSize: 15.0
Maximum allowed lot size per trade.
RISK MANAGEMENT & RECOVERY
- Start Risk [%]: 2.0
Each trade starts with 2% of account capital at risk. - Recovery Factor: 5.0
Multiplier that is used to add lot size to recover losses. - Max Risk Per Trade [%]: 10.0
Maximum risk per trade is capped at 10% of the account. - Order 1 TP: 500
Take Profit for order 1, e.g., 500 points = $5 when trading 1 lot. - Order 1 SL: 500
Stop Loss for the initial order, equal to the TP value for the risk-reward ratio of 1:1.
Key Takeaways
- Trend Following Strategy: The EA uses moving averages and RSI on different timeframes to take advantage of the market trend.
- Advanced Trade Management: Dynamic take-profit and stop-loss levels optimize execution and protect against large losses.
- Customizable Risk Settings: Traders will be able to change the risk settings according to their style and market conditions.
- Enhanced Risk Control: Advanced risk management techniques reduce drawdowns and improve accuracy.