Gold Trade Pro EA MT4 – Full Input Settings Analysis

Gold Trade Pro EA follows a straightforward strategy of intraday support and resistance breakout with a logical approach to adapt with the high-speed nature of the Gold market. Fixed take profit (TP) and stop loss (SL) levels are taken for all trades along with a trailing stop loss facility to provide maximum risk management and optimal usage of profit chances. With the help of 7 strong strategies, it shows long-term growth withstood even after smart management of short-term losses. It’s MetaTrader 4 compatible coded and specifically tailored for XAUUSD/GOLD on D1 timeframe with a minimum balance of $200. It is simple to install and includes putting the EA in a Gold daily chart and setting the lot size parameters. Risk per trade can be varied from a recommended 1% and left at the discretion of risk tolerance.

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Inputs section

• General Settings
  • ShowInfoPanel: true
    Display the information panel during EA execution.
  • Adjustment for infopanel size: 1.0
    Resize the information panel.
  • Update infopanel during testing: false
    The infopanel is not updated while backtesting.
• Enabled Strategies
  • Allow Buy Trades: true
  • Allow Sell Trades: true
  • Run strategy 1 to strategy 7: all set to true
    Run all 7 strategies.
• Strategy Parameters
  • Maximum allowed spread: 500.0 points (which is 50 pips)
    The EA will only trade if spread is 500 points or less.
  • UseVariableValues: true
    Uses dynamic values that depend on the market.
  • UseHL_TrailingSL: true
    Trailing stop according to high/low price levels.
  • First stop your BreakEven: 25
    Positions stop loss at breakeven if profit is 25 points.
  • Set_SL_TP_after_Entry: false
    Does not place Stop Loss and Take Profit after entry.
  • Use Virtual Expiration: true
    Uses virtual expiration time to close trades.
  • Randomization in pips: 0.0
    No randomization applied to entry points.
  • BaseBreakoutFilter: OFF
    Turns basic breakout filter off.
  • BaseMaxNumber: 1000
    Maximum number of trades that can be taken is 1000.
  • Comment for trades: Gold Trade Pro
    Comment tag used to label trades opened by EA.
  • RemoveCommentStrSuffix: false
    Does not remove suffix from trade comment.

NFP Filter (Non-Farm Payroll Filter)

• EnableNFP_Filter: true
  Enables the NFP filter to avoid trading on high-impact news events.
• AutoGMT: true
  Automatically converts time zone to GMT.
• GMT_OFFSET_Winter: 2
  GMT offset during winter time.
• GMT_OFFSET_Summer: 3
  GMT offset during summer time.
• NFP_CloseOpenTrades: true
  Closes all open trades before the release of the NFP news.
• NFP_ClosePendingOrders: true
  Closes all pending orders before the release of the NFP news.
• NFP_MinutesBefore: 10
  Trades and pending orders are closed 10 minutes before NFP.
• NFP_MinuteAfter: 240
  The trading is suspended for 240 minutes (4 hours) after the release of NFP.

LotSize Settings

• Set Balance To Use manually: 0.0
  No manual balance is applied; EA uses real account balance.
• LotSize Calculation method: use Statistics
  Lot size is calculated based on statistical analysis.
• StartLot: 0.01
  Initial lot size for every trade is 0.01.
• LotSizeStep: 0.01
  Lot size increases in steps of 0.01.
• Max Risk Per Trade: 1.2
  Maximum risk allowed per trade is 1.2% of the balance or equity.
• Max Risk Per Strategy: 0.5
  Maximum risk assigned per strategy is 0.5%.
• Set Max Daily Drawdown: 0.0
  No max daily drawdown is set.
• Use Equity Instead of Balance: false
  EA trades on account balance and not equity.
• OnlyPro: false
  Not only for proprietary firm accounts.
• Check for Free Margin Before Entering Trades: true
  EA checks sufficient free margin before entering the trades.
• AdjustLotSizeToVariableValues: true
  Lot size is adjusted dynamically with variable market conditions.

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