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HamzaFX EA MT4 – Full Input Parameters Analysis (XAUUSD)
HamzaFX EA is an automated trading tool made for MetaTrader 4. It’s built to trade Gold (XAU/USD) with accuracy and smart risk control. An Expert Advisor (EA) is a program that places trades for you, so you don’t have to do it manually.
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General Trade Settings
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Trading Symbol: The Expert Advisor is configured to operate specifically on the Gold pair (XAU/USD).
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Magic Number: A unique identifier (14920) is assigned to differentiate this EA’s trades from others.
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Comment: The comment field is currently blank but can be customized for trade tracking or management purposes.
Risk Management
- Lot Calculation Method: Risk by Balance Percent — Lot size is calculated automatically by account balance and set risk.
- Auto Risk: 1.0 — The EA is taking a 1% risk of the account balance per trade, suitable for conservative to moderate strategies.
- Fixed Lot Size: 0.1 — Fixed lot size, optional; currently disabled as dynamic lot sizing is enabled.
- Maximum Number of Trades: 99 — Allows 99 open trades; normally too many unless coupled with grid or martingale techniques (untested).
Trailing Stop Settings
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Turn on Trailing Stop: false — Currently disabled. The EA closes trades using fixed Take Profit/Stop Loss or internal logic.
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Trailing Stop Method: Incorporating Pip Values — Enables pip-based trailing functionality.
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Trailing Start in Pips: 10.0 — Trailing activates once the price moves 10 pips into profit.
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Trailing Distance in Pips: 10.0 — The Stop Loss will trail 10 pips behind the price once activated.
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ATR Period for Trailing: 20 — Uses a 20-period Average True Range to guide trailing logic.
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ATR Timeframe for Trailing: 1 Day — ATR is calculated on the daily timeframe, making it suitable for swing trading.
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ATR Multiplier for Trailing: 1.75 — If enabled, the trailing SL will be offset by 1.75 times the daily ATR value.
Summary
- Balance-Based Risk Management: Automatically adjusts for expansion in accounts.
- Symbol-Specific: Gold trading optimized (XAUUSD).
News Filter Ready: It has volatility protection potential if triggered. - Smart Trailing Logic: Merges fixed pip logic with flexibility based on ATR.
- Conservative Risk Profile: 1% per trade makes it suitable for prop firm tests and long-term deployment.