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SECTANT GOLD EXPERT EA MT4 – Full Input Settings Analysis
Sectant Gold Expert EA is an automated trading system for gold trading. This expert uses intraday cycles of the gold trading market, detecting the best opportunities through the use of two various approaches. Using pre-programmed strategies, it enables trading with no emotions, as the program can be copied in the experts folder from the MetaTrader 4 directory, providing the traders with the risk management settings, customizable parameters, and multiframe analysis for flexibility in making trading strategies.
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Lot Size & Money Management
- Initial Value (possibly erroneously read as 50) – Could be the Initial Deposit / Starting Balance for backtesting, or a cap on capital for the risk management algorithm.
- Lot Size: 1.5 – Fixed lot size per trade, or lot multiplier if martingale/grid strategy is employed.
- Magic Number: 12345678 – Trade ID with discriminator for this EA to distinguish its trades from manual trades or other EAs.
Risk & Trade Management
- Max Orders: 15 – Maximum of open orders at the same time.
- Stop Loss: 500.0 pips – Large stop loss, perhaps for holding long term or to avoid noise-triggered orders.
- Take Profit: 150.0 pips – Target profit for every trade.
Dynamic Profit Locking (Trailing Stop)
- Use Trailing: true – Trailing stop enabled.
- TS Start (pips): 15.0 – Trailing stop enabled if profit is 15 pips.
- Lock Profit (pips): 10.0 – Guaranteed minimum profit of 10 pips once trailing starts.
Trading Time Filter
- TimeFilter: false – No time filter is applied for trading.
- Start / Stop Time: 00:00 – 15:00 – If enabled, EA will trade only during the above specified time period.