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ORION GOLD SCALPER EA MT4 – Full Input Settings Analysis
Orion Gold Scalper is a highly advanced MetaTrader 4 Expert Advisor of the XAUUSD financial asset, which is simply known as Gold. It trades with precise scalping techniques on the M5 chart and uses sophisticated algorithms to scan market situations to identify short-term price activity and make transactions in a prompt manner. Based on optimal price action and volatility, entry and exit position identification is sure to make the EA effective and timely trading decisions.
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Order & lot management
- InitialLotSize: 0.01 – Initial trade size is 0.01 lots, secure for small accounts.
- MartingaleMultiplier: 1.0 – No martingale (there is no lot size increase after losses). Above 1, martingale is enabled.
- OpenDistancePips: 300 – Distance between the subsequent orders is 300 pips.
- TakeProfitPips: 400 – Each order has a take profit of 400 pips.
Risk Management
- UseTrailingStop: true – Trailing stop is enabled (moves stop loss when the trade is in profit).
- TrailingStopPips: 50 – Trailing stop turns off when the trade is 50 pips in profit.
- MaxTrades: 99 – EA can open 99 trades simultaneously (very high, use carefully).
- MaxDrawdownPercent: 100.0 – Maximum allowed drawdown is 100%, i.e., the EA will not close even if the account is depleted (high risk).
Transaction time
- StartTradingHour: 0 – Starts trading at 00:00 (server time).
- StopTradingHour: 24 – Stops trading at 24:00, with trading all day long if the conditions are met.
- AsianSession: true – Traders during the Asian session.
- LondonSession: true – Traders during the London session.
- NewYorkSession: true – Traders during the New York session.