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FTMO Gold EA MT5 – Full Settings Analysis & Optimized Configuration Guide
FTMO Gold EA MT5 – Full Settings Analysis & Optimized Configuration Guide
FTMO Gold EA is an advanced automated trading robot designed for trading XAUUSD (Gold) on the MetaTrader 5 (MT5) platform. The EA offers strict risk control, news filtering, and customizable trade session windows, making it a solid choice for FTMO or prop firm challenges. Below is a comprehensive breakdown of its settings.
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FTMO Gold EA MT5 – Full Settings Analysis & Optimized Configuration Guide 4 🔧 Core Lot & Trade Settings Parameter Value Description Updated to include dynamic lot calculation
FIXED_LOT Trading with fixed lot size. Dynamic lot sizing is not enabled. Entry lots
0.01 EA opens positions with a fixed lot of 0.01 Input to choose dollar amount per 0.01 lot size
1000.0 Not used due to fixed lot selection. Input for trade direction
BOTH EA trades both Buy and Sell positions. Base Magic Number
100 Unique identifier for managing trades of this EA instance.
🛡️ Entry Protection Parameters Parameter Value Description Max spread (points)
0 No trade allowed if spread > 0. This may block all trades if not adjusted. Max open positions (current expert)
0 No limit defined. Set to control how many trades this EA can open. Max open lots (current expert)
0.0 No lot-based cap defined for this EA.
💰 Daily Protection Settings Parameter Value Description Maximum daily loss (currency)
0 No daily loss protection. Risk management not enforced. Maximum daily drawdown %
0.0 No daily drawdown limit. Daily reset hour (Terminal)
0 Resets tracking at midnight terminal time.
🏦 Account-Level Protection Parameter Value Description Minimum equity (currency)
0 No equity floor. EA will trade regardless of account balance. Maximum equity drawdown %
0.0 No equity-based risk limit. Maximum equity (currency)
0 No upper equity limit defined.
📉 News Filter Configuration Parameter Value Description News priority
Medium and High news filter EA avoids trading around medium and high-impact news events. News currencies
XAU, USD Filters only apply to Gold and USD-related events. Before/After Medium news
2 mins Avoids trading 2 minutes before/after medium news. Before High news
2 mins Avoids trading 2 minutes before high news. After High news
5 mins Waits 5 minutes after high news before resuming trades. News records to show
10 Displays 10 latest news events in logs/UI.
📊 Stats & Trading Flags Parameter Value Description Position stats
true Enables collection/display of open position stats. Trading stats
true Enables trade history and performance stats.
📅 Daily Trade Window Settings Parameter Value Description sessionSundayOpenHour
0 Trading starts at 00:00 Sunday. sessionSundayCloseHour
24 Ends at 23:59 Sunday. sessionMondayThursdayOpenHour
0 Trading allowed from 00:00 Mon-Thu. sessionMondayThursdayCloseHour
24 Ends at 23:59 each day. sessionFridayOpenHour
0 Starts at 00:00 Friday. sessionFridayCloseHour
24 Ends at 23:59 Friday. sessionIgnoreSunday
false Sunday trading is enabled. sessionCloseAtSessionClose
false Trades are not force-closed at session end. sessionCloseAtFridayClose
false Keeps trades open over the weekend unless manually closed.
🔍 Summary: Why Choose FTMO Gold EA? ✅ News-Aware Trading: Advanced news filter avoids volatility during major events.
✅ Prop Firm Friendly: Built-in features align with FTMO challenge risk limits (if set properly).
✅ 24/5 Auto Trading: Full weekly trade session coverage with configurable hours.
✅ Low Lot Risk: Starts with 0.01 lots, suitable for small or test accounts.
✅ Full Directional Capability: Trades both long and short depending on market conditions.
⚠️ Warning: Risk protections are disabled by default. These should be configured for real or challenge accounts to avoid violations. 🧠 Pro Tips for Optimization Enable spread control: Set Max spread
to 20-50 (points) to avoid trading during widening spreads.
Set daily drawdown limits: To align with FTMO rules, use Max daily loss
and Drawdown %
.
Use dynamic lots: Enable dynamic lot sizing for better risk-to-reward balance.
Avoid weekends: Consider enabling sessionCloseAtFridayClose
to avoid gap risks.