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HAMZA FX EA MT4 – Full Input Settings Analysis
Hamza FX EA is a MetaTrader 4 automated trading program that is meant to trade Gold (XAU/USD) with accuracy and smart risk management. An Expert Advisor (EA) is a program that automatically opens trades for you without the need to trade manually.
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General Information and Order Initiation
- Enter Symbols: XAUUSD
→ EA only trades Gold pair (XAUUSD). - Magic Number: 14920
→ EA’s own identifier to deal with its own transactions. - Comment: (empty)
→ No comment is left on orders by default. - Lot Calculation Method: Risk by balance percent
→ Lot is calculated automatically in terms of account balance percentage. - Auto Risk: 1.0
→ Each trade risks 1% of account balance. - Fixed Lot: 0.1
→ Once auto risk is turned off, the EA will trade with a constant lot size of 0.1. - Maximum Number of Trades: 99
→ It supports 99 trades at once to be open.
News Filter
- High Impact News Filter Usage: false
→ The EA does not skip or filter high-impact news events. - Medium Impact News Filter Usage: false
→ The EA does not skip medium-impact news. - Low Impact News Filter Usage: false
→ The EA also skips low-impact news. - Turn On Trailing Stop: false
→ Trailing Stop is disabled at the moment. (See the corresponding section in case of enabling this functionality.)
Trailing Stop Settings
- Trailing Stop Method: Pip values used
→ Pip values are constant and used for trailing stop instead of ATR alone. - Set Trailing Start (in pips): 10.0
→ Trailing stop is initiated on profit of 10-pips. - Set Trailing Distance (in pips): 20.0
→ Stop loss will be trailed by the current price at 20 pips of distance. - ATR Period for Trailing: 20
→ Average True Range (ATR) is for the previous 20 candles. - Trailing Timeframe: 1 Day
→ ATR for Daily (D1) timeframe is computed. - Multiplier for ATR: 1.5
→ Stop loss distance in ATR-based trailing is ATR × 1.5.