Gold Trade Pro EA is a fully automated forex robot designed specifically for trading XAU/USD (Gold) on the MetaTrader 4 or 5 platforms. The settings in the provided image show a robust configuration built for both live accounts and prop firm challenges, with a focus on safety, flexibility, and news-filtered logic.
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Below is a comprehensive analysis of each section in the configuration panel:
🛠️ Interface & Panel Settings:
| Setting | Value | Explanation |
|---|---|---|
ShowInfoPanel | true | Enables an on-screen dashboard for real-time EA performance. |
Adjustment for Infopanel size | 1.0 | Keeps the display at default scale. |
Update infopanel during testing | false | Reduces CPU usage during backtests. |
🧠 Strategy Activation:
| All 8 strategies are set to true → This means the EA runs on a multi-strategy engine, allowing it to adapt to:
- Trend-following
- Breakouts
- Mean reversion
- Scalping or swing logic
📌 Conclusion: Highly versatile across different market conditions.
🔁 Trade Permissions:
Allow Buy Trades: trueAllow Sell Trades: true
✅ This allows bidirectional trading, maximizing opportunity in bullish and bearish trends.
💸 Risk & Spread Management:
| Parameter | Value | Purpose |
|---|---|---|
Maximum allowed spread | 500.0 | (Likely in points) Prevents trade execution under volatile spread conditions. |
UseVariableValues | true | Adapts trading parameters dynamically based on account or broker conditions. |
BaseMagicNumber | 1000 | Unique trade ID to avoid interference from other EAs. |
📅 Timing & Market Protection:
| Friday Stop Hour | 25 | May refer to a buffer after broker close (or an offset format); ensures no weekend trades. |
| Use Virtual Expiration | true | Simulates trade expiration if broker lacks support. |
| Randomization (entry/exit) | 0.0 | Deterministic behavior (no randomness). |
📰 News Filtering – NFP Protection:
This EA includes built-in risk protection during high-impact events, especially Non-Farm Payroll (NFP).
| Setting | Value | Meaning |
|---|---|---|
EnableNFP_Filter | true | Activates NFP avoidance logic. |
NFP_CloseOpenTrades | true | All open trades are closed before NFP. |
NFP_ClosePendingOrders | true | Pending orders are canceled before NFP. |
NFP_MinutesBefore | 10 | Stops trading 10 mins before NFP. |
NFP_MinutesAfter | 240 | Waits 4 hours post-NFP to resume. |
📌 Conclusion: This EA is news-aware and protects capital during volatile market events.
🧪 Prop Firm Compliance Settings:
| Parameter | Value | Explanation |
|---|---|---|
Set Max Daily Drawdown | 0.5 | Helps stay under prop firm rules (like FTMO’s 5% daily drawdown). |
Use Equity Instead of Balance | false | Risk is calculated using balance, not floating equity. |
⚠️ A conservative and prop firm-compatible setup.
📏 Lot Size & Risk Management:
| Setting | Value | Comment |
|---|---|---|
Lotsize Calculation Method | use Startlots | Manual lot sizing rather than balance-percentage scaling. |
StartLots | 0.01 | Smallest lot size; suitable for low-risk or small accounts. |
LotsizeStep | 600 | Defines lot increase step (used in variable adjustments). |
Max Risk Per Trade | 1.2 | Caps risk at 1.2% per trade. |
Max Risk Per Strategy | 0.5 | Maximum 0.5% risk per strategy. |
AdjustLotsizeToVariableValues | true | Automatically recalibrates lot size based on account equity. |
📌 Conclusion: This is a highly optimized low-risk configuration ideal for long-term growth and prop trading.
🚫 Trade Entry Adjustments (Custom Pip Control):
All the following are set to 0.0:
AdjustEntryAdjustSLAdjustTPAdjustTrailSL
This means the EA is using its default logic for entries and exits without manual pip offsets.
✅ Final Verdict – Is Gold Trade Pro EA Worth Using?
The configuration reveals that Gold Trade Pro EA is:
- ✅ Highly automated and requires minimal user intervention
- ✅ Built with prop firm safety rules in mind (drawdown, lot size, and NFP filter)
- ✅ Suitable for live trading, challenge accounts, or low-risk passive income
- ✅ Loaded with 8 strategies running simultaneously — increasing trade frequency and adaptability
- ✅ Uses hard-coded logic with deterministic settings (no randomness, no SL/TP tampering)
