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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 calculationFIXED_LOT Trading with fixed lot size. Dynamic lot sizing is not enabled. Entry lots0.01 EA opens positions with a fixed lot of 0.01 Input to choose dollar amount per 0.01 lot size1000.0 Not used due to fixed lot selection. Input for trade directionBOTH EA trades both Buy and Sell positions. Base Magic Number100 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 priorityMedium and High news filter EA avoids trading around medium and high-impact news events. News currenciesXAU, USD Filters only apply to Gold and USD-related events. Before/After Medium news2 mins Avoids trading 2 minutes before/after medium news. Before High news2 mins Avoids trading 2 minutes before high news. After High news5 mins Waits 5 minutes after high news before resuming trades. News records to show10 Displays 10 latest news events in logs/UI.
📊 Stats & Trading Flags
Parameter Value Description Position statstrue Enables collection/display of open position stats. Trading statstrue Enables trade history and performance stats.
📅 Daily Trade Window Settings
Parameter Value Description sessionSundayOpenHour0 Trading starts at 00:00 Sunday. sessionSundayCloseHour24 Ends at 23:59 Sunday. sessionMondayThursdayOpenHour0 Trading allowed from 00:00 Mon-Thu. sessionMondayThursdayCloseHour24 Ends at 23:59 each day. sessionFridayOpenHour0 Starts at 00:00 Friday. sessionFridayCloseHour24 Ends at 23:59 Friday. sessionIgnoreSundayfalse Sunday trading is enabled. sessionCloseAtSessionClosefalse Trades are not force-closed at session end. sessionCloseAtFridayClosefalse 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.
