GOLD SCALPING EXPERT MT4 – Full Input Settings Analysis

Gold Scalping Expert is a smart algorithm that foresees reactions of gold in the following scenarios: geopolitical news, pandemics, changes in the economic situation. Breakout trading is executed based on the signals of the zig-zag indicator, placing pending orders at turning points and in case the price breaks out outside of these points. The Expert Advisor uses smart trailing stop and dynamic stop-loss mechanism to protect your account by effective risk management with no dangerous techniques like martingale.

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Basic Parameters

• Open New Series: true
  → Allows the EA to open new trading series (grids or strategies).
• Trade Buy / Trade Sell: true / true
  → EA can trade in both directions: Buy and Sell.
• Support Manual Orders: true
  → The EA will also manage and take into account manual orders in its logic and monitoring.
• Max Market Orders: 20
  → Maximum live market orders that can be opened simultaneously is 20.
• Max Pending Orders: 4
  → Allows a maximum of 4 pending orders at any given time.
• Start Lots: 0.01
  → All initial orders have a set lot size of 0.01 to begin with.
• Use Money Management: false
  → Disables automatic adjustment of lot size; EA takes fixed lots instead.

Set take profit, stop loss and trailing

• Autolot (Fixed Margin per 0.01 lots): 1000
  → Money management is enabled when the EA trades 0.01 lots per $1,000 balance. (Now disabled — false)
• TP (Take Profit): 350
  → Take profit is 350 points.
• SL (Stop Loss): 200
  → Stop loss is 200 points.
• Trail Start (points): 0
  → There is no trailing stop, as the starting point is already 0.
• Trail Step (points): 120
  → Trail is on, and stop loss will be activated 120 points.
• Close from Reverse Signal: false
  → The EA will not close trades automatically when there is a reverse signal.

Time limit and interface display

• Start Hour / End Hour: 0 – 0
  → There is 24/7 trading that is not time-constrained.
• Draw On/Off: true
  → Onchart appearance of parameters and results is enabled.
• Font (Result): Verdana
  → Font used for result display.
• Font Size (Result): 14
  → Font size used for result display is 14.
• Font Color (Result): White
  → Color of text for result display.
• Background Color (Result): Green
  → Result display box background color is green.
• Magic EA: 171024
  → Special Magic Number which is used to identify this EA’s trades.

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