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Trading Parameters
The Gold Killer EA is designed with flexible money management and risk control features, making it suitable for both small and large trading accounts. Key trading settings include:
- MagicNumber: 12345
Ensures each instance of the EA can manage trades independently without interference from other Expert Advisors. - StartLot: 0.01
The EA begins with a micro-lot size, making it accessible for accounts with smaller balances. - MaxLot: 500.0
Defines the maximum lot size allowed, giving flexibility for high-capital accounts but also requiring caution. - LotIncrement: 0.01
Controls the gradual increase in lot size, useful for position scaling or grid trading strategies. - ProfitPer0.01Lot: 0.5
Sets the expected profit target per 0.01 lot, allowing precise profit calibration. - MA_Period: 5
Uses a 5-period Moving Average as part of its strategy, focusing on short-term price action for faster entries and exits. - Timeframe: Current
The EA adapts to the chart timeframe chosen by the trader, making it versatile across multiple strategies. - MaxPositionSize: 200.0
Caps the maximum number of open positions, ensuring risk exposure remains under control.
Dashboard Settings
Gold Killer EA also includes a visual monitoring system for better control:
- DashboardX: 14 / DashboardY: 20
Determines the position of the on-screen dashboard, allowing traders to customize its placement. - ShowDashboard: True
Enables real-time monitoring of trades, profits, and account performance directly on the MT4/MT5 chart.
This makes the EA user-friendly by providing instant visual feedback on its operations.
License Settings
- First Allowed Account: 88817848
The EA is locked to a specific account number, ensuring license protection. - Second Allowed Account: 0
By default, the second account is disabled unless specified, meaning the license supports one active trading account.
Conclusion
The Gold Killer EA is a powerful trading robot for Forex and Gold (XAUUSD) that offers highly customizable lot management, profit targeting, and risk control. With features like adjustable lot increments, a moving average filter, and position size limits, it provides traders with the flexibility to adapt the strategy to their account size and risk appetite.
✅ Strengths:
- Flexible risk and lot management (from micro-lots to institutional size).
- Built-in dashboard for real-time monitoring.
- Adaptable to any timeframe and trading style.
- Strong license protection ensures security for buyers.
⚠️ Considerations:
- Max lot (500.0) and max positions (200) can be risky if not managed with proper account balance.
- Best performance requires a low-spread broker and VPS hosting for stable execution.
📌 Final Verdict:
Gold Killer EA is a scalable and professional-grade trading solution for Gold and Forex traders who want precision, flexibility, and automation. With its robust settings, it is suitable for both conservative traders starting small and aggressive traders managing larger accounts.
