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JAVIER TRADING SCALPER GOLD EA MT4 – Full Input Settings Analysis
Javier Trading Scalper Gold EA is a highly specialized Expert Advisor (EA) tailored for gold trading, specifically focusing on the XAUUSD pair, known for its volatility. This automated system is designed to capitalize on profitable scalp trading opportunities through an advanced trading methodology. By incorporating cross-market analysis, it identifies optimal entry points while maintaining a priority on safety. The EA operates using a single-order approach with a strict stop-loss applied to every trade, steering clear of risky strategies to ensure a secure and controlled trading environment.
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Risk & Lot Settings
- FixedLots: 0.01 – Applies a fixed lot size of 0.01 if percentage risk or balance/risk-based lot sizing is not in use.
- PercentageRiskSettings: 0.01 – Default value used for the calculation of percentage risk (for internal adjustment/scaling).
- PercentageRisk: 0.05 – If percentage risk lot sizing is enabled, the EA risks 5% of the account on each trade.
- PercentageRiskBasedOnPointsMovement: 1000 – Risk is calculated based on a 1000-point (100 pip) price movement.
- BalanceRatioSettings: 500 – Balance amount to use for dynamic lot size change.
- ForEvery: 1000.0 – Used in conjunction with above setting: utilize a calculated proportion of lots for every 1000 USD.
- UseLotsForEveryBalance: true – EA utilizes 0.01 lot per $500, dynamically changing lot size based on account balance.
- LotSelection / Lot Assignment: 0.01 lots per $500 – Determines that the EA utilizes a balance-based lot sizing mechanism.
Order & Time Settings
- TakeProfit: 50 – Take profit target is 50 pips.
- Trail (Trailing Stop): 45.0 – The trailing stop is 45 pips away once it is triggered.
- TrailStart: 15.0 – Trailing stop gets triggered when 15 pips of profit are reached.
- TimeStart: 3.0 – Trading starts at 03:00 (server time).
- TimeEnd: 24.0 – Trading ends at 24:00 (midnight).
- MaxSpread: 30.0 – Orders are executed only if the spread is 30 pips or less (this is a large spread tolerance compared to default settings).
- PipsStep: 70.0 – Order spreading, maybe for grid or averaging strategies.
- Open Time: 2 – Maybe a delay time before orders are executed or a filter time till calculations are done; exact meaning open to the EA documentation.
- Magic: 2222 – Personal identifier (Magic Number) for orders of this EA.
Info Display & Drawdown Settings
- Info: true – Shows information on screen.
- TextColor: Orange – Main text color for the info pane.
- InfoDataColor: DodgerBlue – Highlight color of data values on the pane.
- FontColor: MediumSeaGreen – Color of the font in shown text.
- FontSizeInfo: 14 – Font size used in information display.
- SpeedEA: 150 – Likely to represent processing speed, tick handling, or internal update frequency (depending on EA implementation).
- CloseTradesAtPercentageDrawdown: false – The EA will not close trades automatically based on percentage drawdown.
- PercentageDrawdown: 5.0 – If enabled, the EA would close all trades at a 5% drawdown.
- CloseTradesAtFixedDrawdown: false – Fixed drawdown protection is disabled.
- FixedDrawdown: 100.0 – If enabled, the EA would close trades at a $100 drawdown.
- ResumeTradingAtNextDayAfterDrawdown: false – The EA will not resume trading automatically the next day after a drawdown event.