GOLD EXCEL EA MT4 – Full Input Settings Analysis

GoldExcel EA is a mechanical trading system uniquely programmed for XAUUSD (GOLD) pair. It is a breakout trader that uses pending orders twice a day and does not utilize overnight trading, martingale, and layering tactics. It was designed by Gregory Hay and is suitable for standard, funded prop, and prop challenge accounts. It makes use of GOLD’s great volatility, daily range, and reaction to stock market openings for utmost liquidity and execution.

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Transaction time

• ExcelStart: 10:00 – Begins opening trades starting at 10:00 AM.
• ExcelOrderTime: 15:25 – Main order execution time.
• Cancel Pending Orders at Time: 16:25 – Cancels any pending orders at 4:25 PM.
• Close All Open Orders at Time: 16:25 – Closes any open positions at 4:25 PM.

Risk & LOTS Management

• Lot Sizing: Risk_Based – Specifies lot size as a percentage of risk of account.
• Start Risk %: 1.0% – Account value risk per trade in 1%.
• Recovery Factor: 3.0 – Divides lot size to recover faster.
• Max Risk per Trade: 1.0% – Limits risk per trade to 1% maximum.
• Lot Size: 1.0 – Standard lot size (valid if trading risk-based).
• Lot Increase Factor After Loss: 3.0 – Double the lot size in a losing trade.
• Max Lot Size: 3.0 – Restrict the maximum lot size to 3.0 lots.

Trailing & Breakeven

• Use Trailing Stop: true – Allows dynamic Stop Loss management with trailing facility.
• Trailing Stop: 75 points – Trailing stop by price if trailing on.
• Trailing Start: 45 points – If profit = 45 points, trailing stop is activated.
• Use Breakeven: true – Allows breakeven facility to lock the trades in profit.
• Start Breakeven at: 90 points – If profit is made = 90 points, Stop Loss is moved to breakeven.
• Lock-in Point: 15 points – Locks in a minimum of 15 points of profit over breakeven.

Key Takeaways

• Advanced Trading Algorithm: Uses sophisticated algorithms that accurately find and exploit high-value trading opportunities with mathematically computed finesse.
• Precision Trade Execution: Delivers accurate and timely trade execution, optimizing profitability and enhancing overall trading performance.
• Holistic Risk Management: Employs best-in-class risk management techniques to vigorously guard capital and tackle risks.