FT GOLD ROBOT EA MT4 – Full Input Settings Analysis

FT Gold Robot EA is a highly sophisticated Expert Advisor (EA) that is specifically developed with the goal of trading XAUUSD pairs. FT Gold Robot EA is an algorithmic trading system that opens positions according to predefined parameters in an attempt to conquer emotional trading and consistency. EA is programmed with utmost accuracy to achieve greater trading performance through XAUUSD pairs by implementing swing trading, grid trading, and hedging strategies in order to increase the potential return as well as managing risk effectively.

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Basic information and trading setup

• Pairs: XAUUSD
  The main trading pair is Gold (XAUUSD).
• Timeframe: M5
  The EA trades on the 5-minute timeframe.
• TradeComment: FT Gold
  This will be the trade log comments name.
• showPanel: true
  Enables in-graph trade management panel.
• maxOrders: 5
  Defines the number of trades opened at the same time to 5.
• Trading24h: false
  The EA does not trade 24/7 non-stop; the trading is limited by some time parameters.
• maxSpread: 0
  There is no spread limit currently, and that can affect the performance at high volatility.
• Lots: 0.01
  Default quantity for all transactions.
• MagicNumber: 777221
  Some magical number to enable it to recognize easily so that it doesn’t interfere with other EAs.
• Slippage: 10.0
  Maximum permissible slippage is 10 points.

Stop Loss and Take Profit

• Risk%: 0.0
  Risk-based money management is disabled. The EA trades a fixed lot size for each trade.
• TP: 1000.0
  A fixed take profit level, either in currency or points, depending on how the EA is programmed.
• SL: 2500.0
  A large stop loss level, which is not really a stop-loss strategy but more of a maximum protection.
• totalProfit: 0.0
  If set to more than 0, the EA will close all trades when this total profit is reached.
• maxLoss: 0.0
• MaxDD $: 0.0
  If greater than 0, the EA will stop trading if total losses exceed this amount.
• MaxDD %: 0.0
  If greater than 0, the EA will halt trading when the account drawdown is larger than the percent indicated.

Special Customization & News Filters

• ClosePendingOrdersAt: 17:30
  Automatically close all pending orders at 17:30.
• PipsToBreakEven: 40.0
  Moves stop loss to break-even when the trade is 40 pips in profit.
• PipsToMoveBE: 35.0
  When the trade is 35 pips, the EA starts checking conditions for moving SL to break-even.
• PipsToTrail: 100.0
  Trailing stop is enabled when the trade is 100 pips in profit.
• PipsToMoveWhenTrail: 80.0
  When in trailing, the stop loss is moved for every 80 pips of additional profit.
• NewsFilter: true
  Enables the news filter not to engage in high-impact news trading.
• Report for USD (Major News): true
  Filters major news events for USD alone.
• DelayOrdersWithNews: 5
  Delays order executions 5 minutes before and after planned news events.
• TradingDuringHolidays: false
  The EA will be inhibited from trading between the dates December 12 to January 12.

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