Dark Gold EA is a fully automated expert advisor for MetaTrader 4, designed specifically to trade XAUUSD (Gold). The configuration settings shown in the screenshots reflect an advanced, customizable grid and trend-following system. These settings give a strong insight into its trading logic, risk management, and flexibility for both aggressive and conservative traders.
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Below is a deep-dive into each core category of settings and their implications for real-world trading:
🔑 1. General Settings Overview
| Parameter | Value |
|---|---|
| Max Spread | 5.0 pips |
| Lot Size | 0.01 |
| Money Management | Disabled |
| Risk Percent | 1% |
| Max Lot Amount | 0.0 (disabled) |
📌 Comment: The EA is configured for manual lot sizing (fixed lot) with money management turned off. A low starting lot (0.01) indicates a conservative entry, suitable for small or micro accounts. Max spread of 5 pips ensures it avoids volatile entries.
📈 2. Indicator & Strategy Logic
| Setting | Value |
|---|---|
| Strategy to Use | Trend Following |
| Support/Resistance Detection | Enabled (Level 1–4) |
| Indicator Timeframe | Current |
| Manual Setup Options | Disabled |
📌 Comment: Uses a built-in multi-level support/resistance system with automatic detection. The Trend Following strategy adds to safety, aiming to trade in the direction of major market movements.
🕐 3. Trading Hours & Days
| Parameter | Value |
|---|---|
| Time Filter | Disabled |
| Trades Every Day | Monday–Sunday |
| Trading Start/Stop Hour | 0 / 9 |
📌 Comment: The EA is set to run 24/7 with no time filter, making it suitable for high-frequency execution or grid strategies. All 7 days are enabled, though this may increase exposure over weekends if not properly managed.
🔄 4. Trading Directions
| Parameter | Value |
|---|---|
| Allow Buy & Sell | True |
| Hedge Allowed | True |
| Multiple Charts Allowed | True |
📌 Comment: Hedging and bi-directional trading is supported—key for grid systems, scalping, or recovery strategies. It can operate on multiple charts simultaneously without conflict.
📊 5. Standard & Grid Trading Settings
| Feature | Value |
|---|---|
| Grid Trading | Enabled |
| Grid Distance | 10 pips |
| Martingale (Multiplier) | 2.0 |
| Orders Per Grid | Up to 50 |
| Lot Management Style | Lot Sum |
| Min Distance Between Orders | 10 pips |
📌 Comment: These are classic grid settings with martingale-style progression (x2). This setup targets recovery from loss cycles by increasing lot size with distance, but requires careful margin management.
🧮 6. Target Profit & Stop Loss Logic
| Feature | Value |
|---|---|
| Take Profit | 50 points |
| Stop Loss | 500 points |
| Monetary Stop Loss | $3000 (manual) |
| Percentage Loss | 30% (optional) |
| Trailing Stop | Disabled |
📌 Comment: Tight take profit and wider stop loss provide room for mean-reversion or grid systems. The monetary SL at $3000 offers capital preservation, and a 30% equity-based SL is an optional safeguard for account protection.
❌ 7. Close Trade Rules
| Feature | Value |
|---|---|
| Close on Indicator Signal | Enabled |
| Close Level 1–4 | True |
| Friday Night Protection | Disabled |
📌 Comment: The EA includes intelligent trade closure on indicator levels but does not currently enforce end-of-week protection, which may expose trades to weekend gaps.
🧠 Conclusion: Is Dark Gold EA Configured for Safe and Profitable Trading?
Yes – the provided configuration shows that Dark Gold EA is:
- ✔️ Highly customizable
- ✔️ Trend-following with smart support/resistance logic
- ✔️ Supports grid recovery with optional martingale
- ✔️ Risk-capped with stop loss levels (monetary and percentage-based)
- ❌ But lacks some risk filters like trading hours limits or Friday protection (can be enabled manually)
This setup is best suited for intermediate to advanced traders, especially those comfortable with grid systems on gold (XAUUSD). With appropriate balance and broker conditions, this EA configuration has the potential to deliver strong automated results.
