๐งฉ What is ABS GoldGrid EA?
ABS GoldGrid EA is an automated trading system designed specifically for Gold (XAUUSD) trading on MetaTrader 5 (MT5). From the settings shown, this EA combines scalping logic, grid-style position management, and strict risk controls, making it suitable for conservative to moderate-risk traders.
๐งฉ Main Settings Analysis
โก๏ธ EA Identifier
- EA identifier: 1
- Used to distinguish orders when multiple EAs are running on the same account.
- โ Helpful for trade separation and account management.
โก๏ธ Trade Comment
- โABS – Gold scalp systemโ
- Clearly identifies EA-generated trades in trading history.
- โ Good practice for monitoring performance.
โก๏ธ Max Spread (Points)
- 30 points
- Prevents trading during high-spread conditions.
- โ Suitable for Gold, which often experiences spread expansion during news.
- โ Helps reduce slippage and poor entries.
๐งฉ Entry Signals Configuration
โก๏ธ Enable Core 1
- true
- Primary trading logic is active.
- โ Ensures the EA operates normally.
โก๏ธ Enable Core 2
- false
- Secondary or alternative strategy disabled.
- โ Reduces overtrading and strategy conflicts.
โก๏ธ Trade on Friday
- false
- Avoids trading before weekend market close.
- โ Strong risk control to prevent weekend gaps.
โก๏ธ Allow BUY Trades
- true
โก๏ธ Allow SELL Trades
- true
- EA trades both bullish and bearish market conditions.
- โ Enhances adaptability in ranging and trending Gold markets.
๐งฉ Risk Management Settings
โก๏ธ Lot Calculation Method
- Fixed Lot
- Uses a predefined lot size instead of balance-based scaling.
- โ Predictable risk exposure.
- โ Less adaptive to account growth or drawdown.
โก๏ธ Lot Size (Fixed Mode)
- 0.01 lot
- Very conservative position size.
- โ Ideal for small accounts or risk-averse traders.
โก๏ธ Reference Balance (Auto Mode)
- 1000
- Not active due to fixed lot mode.
- โ Prepared for future switch to auto lot sizing.
โก๏ธ Min Lot Allowed
- 0.01
โก๏ธ Max Lot Allowed
- 0.03
- Caps risk even if auto-lot is enabled later.
- โ Prevents dangerous lot escalation common in grid systems.
๐งฉ Account Protection Settings
Max Drawdown (%)
- 80% (disabled)
- High threshold and currently inactive.
- โ This is risky if enabled at such a high level.
- โ Recommended to lower to 20โ30% for capital protection.
๐งฉ Additional Settings
โก๏ธ Display Info Panel
- false
- EA panel hidden from chart.
- โ Keeps chart clean.
- โ Less transparency for live monitoring.
โก๏ธ Panel Text Size
- 15
- Standard readability setting (inactive if panel hidden).
โก๏ธ Broker Time Offset Adjustment
- 0
- No manual server-time correction.
- โ Suitable if broker time matches IC Markets GMT+2/+3 DST.
๐งฉ Backtest Simulation & Withdrawal Logic
โก๏ธ Auto Withdrawal (Backtesting Only)
- false
- Simulated withdrawals disabled.
โก๏ธ Withdrawal at % Profit
- 20%
- If enabled, EA simulates profit withdrawal once equity grows by 20%.
- โ Useful for realistic backtesting and capital preservation modeling.
- โ Only works in Strategy Tester, not in live trading.
๐งฉ Overall Strengths of These Settings
โ
Conservative fixed lot size
โ
Friday trading disabled (gap protection)
โ
Spread filter enabled
โ
Both BUY and SELL logic active
โ
Lot size cap to prevent grid explosion
โ
Suitable for small or beginner accounts
๐งฉ Potential Weaknesses & Risks
โ Max drawdown protection disabled
โ Fixed lot does not scale with balance
โ Grid strategies can still accumulate exposure in ranging markets
โ Info panel disabled reduces real-time visibility
๐งฉ Final Conclusion
The ABS GoldGrid EA, as configured in the provided image, demonstrates a low-risk, conservative trading approach tailored for Gold scalping and grid trading. The use of fixed micro-lots (0.01), strict spread filtering, and Friday trade restrictions makes this setup particularly suitable for small accounts, prop firm challenges, and risk-averse traders.
However, to further enhance account safety, it is strongly recommended to:
- Enable max drawdown protection at a lower percentage (20โ30%)
- Consider switching to auto lot sizing once account equity grows
- Enable the info panel for better transparency
๐ Overall Rating: โญโญโญโญโ (4/5)
๐ Best For: Gold traders, beginners, small accounts, conservative grid strategies
