Gold High EA MT4 – Full Input Settings Analysis

Gold High EA is a FX foreign exchange robot for the XAUUSD (Gold/US Dollar) currency pair. It uses several techniques for trading, has automated entry, and incorporates risk management features. Offers fixed lot or auto lot features for money management, and stop-loss on all trades.

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General Settings

• Select EA Mode: GoldHigh – Already on Gold High mode.
• Gold_3_Digits: false – 3-digit price mode is disabled (commonly used when brokers quote the gold with 2 decimals).
• Open Long Trades: true – To allow the EA to open Buy orders.
• Open Short Trades: true – To allow the EA to open Sell orders.

Risk and profit management

• Stop Loss: 2600 points – Default Stop Loss of 2600 points (for 1-digit brokers, this would be 260 pips).
• Take Profit: 1000 points – Default Take Profit of 1000 points.
• Maximum Spread: 100 points – EA will only go for a trade when the spread is no more than 100 points.

Trailing Stop & SL Management

• Allow Extra Trades: true – Enables additional recovery trades to manage drawdown.
• Recovery Trade Distance: 900 points – Minimum distance between recovery trades.
• Max Number of Buy / SL Recovery Orders: 7 – Limits the number of simultaneous Buy or SL recovery trades to 7.

Recovery mode (gradual loss recovery)

• Enable Trailing SL: true – Trailing stop is on.
• Minimum Profit to Enable TSL: 50 points – TSL applies after the trade has 50 points profit.
• Trailing Stop Activation Level: 100 points – TSL begins trailing when profit is at or above 100 points.

Key Takeaways

• Gold High EA is also said to be a stable, completely automated forex robot, which has been tested and proven under more than 43 weeks of live forex market conditions.
• It is best at making intelligent entry choices with the purpose of diminishing risk, and in the aspect of money management, it presents customers with the convenience of fixed lot and auto lot.
• Its latest version, Gold High EA, comes with new functionality in the form of a news filter, drawdown control functionality, and an option to trade using either the original strategy or SecondSet optimization, a testament to its commitment to innovation and enhancement of user experience.