Gold Buster EA MT4 – Full Input Settings Analysis

Gold Buster EA is an Expert Advisor (EA) designed to trade gold (XAUUSD) on the MetaTrader 4 (MT4) platform. It employs advanced technical analysis to identify profitable trends and breakouts, while offering robust risk management features, including dynamic lot sizing and trailing stop functionalities.

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Trading Parameters

• Working Symbols: EURUSD, GBPUSD, USDJPY, XAUUSD
  EA executes trade on these 4 pairs by default. Add or remove pairs as you need.
• Fix Lot Size: 0.01
  All trades initiate with a fixed size of 0.01 lot.
• Autolot: true
  Specifies lot size automatically according to account balance.
• Money for Open Auto Lot: 10,000.0
  For every $10,000 balance, EA initiates 0.01 lot when autolot is enabled.
• Lot Exponent: 1.3
  If martingale or grid is applied, every next trade is larger by this factor.
• Max Spread: 50
  EA trades only if spread is ≤ 50 points (5 pips on a 5-digit broker).
• Addition of Positions: ongoing orders
  EA adds orders based on ongoing orders with the help of a grid strategy.
• Bar of Analysis: last bar
  Utilizes the last candle for analyzing the market.

Distance & order opening conditions

• Distance to First Order Moving Average: 100
  Distance in points from the MA at which to place the first trade.
• Distance to Add New Position: 35
  Pip distance to execute the next grid trade.
• Distance to Pending Order: 5
  Distance in points to place a pending order.
• Step to Move Pending Order: 1
  Step size to move the pending order.

Profit and risk management

• Close by Money: 5.0
  EA closes all trades when the total profit is $5.
• Close Profit: 2.0
  Potential take-profit level for every trade group.
• Close at Loss: 100000000.0
  Extremely high stop-loss level (practically disabled).
• Time for Pause After Loss: 24
  EA stops trading for 24 hours following a loss.

News settings

• News On: true
  Permits filtering of news.
• News Before Stop (min): 60
  Suspends trading 60 minutes before a news event.
• News After Start (min): 60
  Resumes trading 60 minutes after a news event.
• High Color: Red
  Red is utilized in the display of high-impact news.
• Medium Color: Blue
  Blue is utilized in the display of medium-impact news.
• Low Color: Yellow
  Yellow is utilized in the display of low-impact news.
• Symbol: USD
  Filters USD-related news.
• Only Future News: true
  Filters news that is future only.