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GOLDPRO EA MT4 – Full Input Settings Analysis
GoldPro EA is a very advanced trading robot designed to trade the XAUUSD (Gold) instrument on the MetaTrader 4 (MT4) platform. GoldPro EA applies an averaging system aimed at optimizing entry prices by minimizing the impact of random market moves. With sophisticated algorithms and extensive market research, GoldPro EA identifies profitable trades and executes trading operations based on pre-programmed strategies. This expert advisor is meant to simplify and improve the gold trading experience for new as well as seasoned traders.
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Capital management & order volume
- Lot & Stop Loss Setup:
- Lot Size: 0.01 – Starts with a 0.01 lot size
- SL by Pips: 0 – No pip-based fixed Stop Loss active
- SL by High/Low: Off – Not using recent high/low as SL placement
- SL by High/Low Candle: 1 Hour – SL would be controlled by H1 candle high/low if activated
- Lot Management & Averaging:
- Flat Trade Same Lot: Off – Lot size is not the same for every trade
- Max Average Knees: 15 – A maximum of 15 averaging entries permitted
- SL Pips for Averaging: 88 – Averaging entry with 88 pips distance between them
- Close Over Pip per Deposit: 0.0 – No close based on pip/deposit ratio
- Breakeven Setting:
- Breakeven: 190 pips – SL moves to breakeven once the profit is 190 pips
Trailing stop
- Take Profit Mode: Choice_TP – Take Profit based on previously defined Take Profit levels
- Take Profit (TP_pips): 230 pips – 230 pips profit is aimed in each trade
- Trailing by Candle Timeframe: 15 Minutes – 15-minute candles are employed for trailing stop
- Trailing Start After Candles: 10 – Trailing begins after 10 candles have elapsed
- Trailing Stop Distance: 10 pips – Trailing distance of 10 pips is applied upon activation
Filters and advanced settings
- Max Spread: 0 – Limit filter turned off to 0, so the EA will not open any trades
- Overlay Function / Overlay Lot / Distance to Trade: Applied to Grid trading mode, but currently dormant
- Close After Return: Off – Trades won’t be closed when price comes back to a certain level
Key Takeaways
- Automated Gold Trading: GoldPro automatically reads the market, creates trade signals and carries out trades in accordance with pre-set parameters.
- Averaging Algorithm: It employs an average method to direct trading decisions, maximizing entry points and enhancing performance.
- Customized Risk Management: This option enables the users to set their risk levels in relation to each of their trading plans.