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DRAGON GOLD EA MT4 – Full Input Settings Analysis
Dragon Gold EA is an extremely advanced automated trading robot specifically designed for the Gold (XAUUSD) market. With its advanced algorithm, it trades effectively and offers the trader flexibility to customize their experience. With support for all currency pairs and compatibility with any timeframe, it ensures reliability, consistency, and efficiency in the MetaTrader 4 platform. Additionally, it offers secure trading with stop loss and take profit orders on unlimited demo and live accounts.
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Set up trade & trailing stop
- EnableNewYear: False – No trading during New Year’s holiday
- Monday trading: yes – Enables trading on Mondays
- Enable Trailing: true – Allows trailing stop feature
- Trailing Start: 50 – Trailing begins once profit reaches 50 points
- Trailing Stop: 10 – The distance of trailing stop is 10 points
- Trailing Step: 10 – Trailing stop advances in steps of 10 points
Main transaction configuration
- ST1: true – To activate strategy ST1
- VolumeDay: 0.01 – Day volume
- BalanceForDay: 100.0 – Daily target profit
- Stop Loss: 100 – Default stop loss (default value is 100)
- Take Profit: 0 – Default take profit (0 is employed in the absence of fixed TP)
- STEP: 10 – Order distance multiplier (employed by martingale, grid, or hedge strategy)
- GBuls GOLD S: 200 – EA special parameter, perhaps specific to grid strategy
- End: 200 – Limit or exit point
- TrailingPosStep: 20 – Trailing step for large positions
- Stop Trade Time: 01:00 – Start time of trading
- Trade Stop Time: 23:58 – Closing time of trading
Second strategy configuration
- ST2: false – ST2 strategy off
- GB H MODE: true – GB H mode on (may be Hedge or High-Risk mode)
- MaxSR: 4 – SR trades max number
- StopLossSR: 10 – Stop loss for SR trades
- TakeProfitSR: 10 – Take profit for SR trades
- Distance: 100 – SR orders distance
- Rate: 0.0 – Rate of lot multiplier for SR strategy
- TrailingStartSR: 50 – Trailing starts after 50 points profit in SR trades
- TrailingStopSR: 10 – Trailing stop in SR distance
- TrailingStepSR: 10 – Trailing stop step in SR
- ManualVolume: true – Traders will use manual volume for trading
Key Takeaways
- Market Specialization: Dragon Gold EA is specialized in trading just XAUUSD gold, capitalizing on its experience in the market.
- Trading Strategy: It possesses a unique trading algorithm and strategy tailored to gain from volatility in the gold market. There exist some versions of the Dragon Gold EA that employ averaging and martingale strategies as their primary operating principles.
- In-Built Functions: EA spread limit functions have spread to open orders, enhancing it for trade execution.
- Safety Measures: To trade safely, one must have at least $100 in the case of a cent account or $10,000 in the case of a conventional account. All these measures tip the balance against loss and excess risk.