🧩 What is Gold or MT4?
Gold or MT4 is an Expert Advisor (EA) for Gold (XAUUSD) on MetaTrader 4, combining risk management, order execution rules, and technical indicators (MACD & RSI). Below is a structured analysis of each parameter group and how they affect trading performance.
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🧩 Risk Management Settings
🔹 Risk (lot): 0.1
- Uses a fixed lot size of 0.1 per trade.
- Suitable for small to medium accounts.
- Ensures predictable risk exposure on volatile instruments like Gold.
🔹 Risk Mode: Fixed Volume
- The EA does not auto-calculate lot size based on account balance.
- Best for traders who prefer manual risk control.
✅ Evaluation: Conservative and stable, but not adaptive to account growth or drawdown.
🧩 Stop Loss & Take Profit Configuration
🔹 SL Type: Fixed Points
- Stop Loss is defined in points, not based on indicators or volatility.
🔹 SL Deviation (Points): 2000
- Very wide stop loss (common for XAUUSD volatility).
- Reduces the chance of being stopped out by short-term price spikes.
🔹 TP is coefficient for SL: 1.0
- Take Profit equals Stop Loss distance.
- Risk/Reward ratio = 1:1
⚠️ Evaluation: Safe but not aggressive. Long-term profitability depends heavily on win rate.
🧩 Margin & Spread Protection
🔹 Margin Limit (%): 300.0
- EA stops opening new trades if margin level drops below 300%.
- Strong protection against margin call.
🔹 Spread Limit (Points): -1 (Disabled)
- No spread filter applied.
- Can be risky during high volatility or news events.
⚠️ Suggestion: Enable a spread limit when trading Gold during news hours.
🧩 Execution & Order Control
🔹 Slippage (Points): 30
- Allows moderate slippage, acceptable for Gold’s fast movements.
🔹 Magic Number: 123456
- Unique identifier for EA trades.
- Essential for running multiple EAs simultaneously.
🔹 Order Filling: Default
- Uses broker’s default execution mode.
✅ Evaluation: Standard and reliable execution setup.
🧩 Signal Visualization Settings
🔹 Signal Size: 1000
- Large visual signals on chart for easy identification.
🔹 Buy Signal Color: Blue
🔹 Sell Signal Color: Red
🔹 Signal Transparency: 200
- Semi-transparent signals, visually balanced.
🎯 Purpose: Purely visual, does not affect trading logic.
🧩 MACD Indicator Settings
- Fast EMA: 12
- Slow EMA: 26
- Signal SMA: 9
- Applied Price: 0 (Close Price)
📊 Evaluation: Classic MACD settings.
- Reliable for identifying trend direction and momentum.
- Works well on H1–H4 timeframes for Gold.
🧩 RSI Indicator Settings
🔹 RSI Period: 14
(Standard market setting)
🔹 Buy Conditions:
- RSI between 50 and 70
🔹 Sell Conditions:
- RSI between 30 and 50
📈 Evaluation:
- Avoids extreme overbought/oversold zones.
- Focuses on trend continuation rather than reversal.
- Reduces false signals in ranging markets.
✅ Overall Conclusion
This Gold (XAUUSD) MT4 configuration is designed with a conservative and trend-following trading approach. The combination of fixed lot sizing, wide stop loss, MACD momentum confirmation, and RSI mid-range filters makes it suitable for:
- Swing trading Gold.
- Volatile market conditions.
- Traders prioritizing safety over aggressive profits.
👍 Strengths
- Strong margin protection.
- Stable risk management.
- Effective use of MACD & RSI for trend filtering.
- Suitable for beginners and intermediate traders.
⚠️ Weaknesses
- Fixed lot size limits scalability.
- Risk/Reward ratio only 1:1.
- No spread filter (can be risky during news).
🔧 Recommended Improvements
- Enable spread limit for XAUUSD.
- Consider dynamic lot sizing based on balance.
- Increase TP/SL ratio to 1:1.5 or 1:2 for better long-term expectancy.
