XTrader Pro Gold EA is a powerful Expert Advisor (EA) designed for precision trading in the Forex market. Below is a breakdown of its core configuration parameters, focusing on trading strategy, risk management, session timing, and automation features.
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โ๏ธ Trading Parameters
- Trade Direction: Buy-only (
Compras) strategy โ the EA focuses exclusively on long positions. - Entry Condition: Opens trades based on Candle 1, suggesting a strategy dependent on the immediate candle setup.
- Lot Size: Fixed lot at
0.01per trade, enabling low-risk micro trading. - Balance Scaling: Dynamic scaling enabled โ
0.01 lots per 1000 of balance, allowing automatic risk adjustment as the account grows. - Max Slippage: Set at
99999, effectively disabling slippage protection โ likely intended for fast execution regardless of price variance. - Max Spread: Allows spreads up to
99pips โ indicating low sensitivity to spread widening, which is typical in high-volatility assets like gold (XAUUSD). - Magic Number:
1โ unique identifier to track EA-managed trades. - Max Open Trades: Limits to
10simultaneous positions, ensuring controlled exposure.
๐ฏ Individual Trade Exit Parameters
- Exit Type: Based on points (
Pontos) โ but both TP and SL are set to0.0, indicating no fixed take profit or stop loss per trade. - This means exits are likely managed by collective logic or dynamic trailing stop mechanisms.
๐ Collective Exit Parameters
- Exit Type: Based on financial profit/loss.
- Take Profit: $10,000
- Stop Loss: $500
- These values define a basket-level exit system, where overall profit or drawdown thresholds close all trades, rather than managing them individually.
๐ Trading Session Timing
- Start Time: 05:00:00
- End Time: 21:59:00
- The EA is active during major trading hours, covering both the London and New York sessions.
- Closing Time: 23:57:00 โ allows positions to be managed or closed before the daily rollover.
๐ Trailing Stop System
Individual Trailing Stop:
- Disabled (
false) โ no trailing stop applied to single trades.
Collective Trailing Stop:
- Enabled (
true) - Type: Financial
- Trigger Level: Activates at $0.25 floating profit
- Trailing Step: Moves every $0.15 gain
- This is a smart trailing stop applied to total equity, locking in profits at the portfolio level.
๐ Interface Settings
- Panel Display: Enabled (
true) - Panel Name: XTrader Pro โ visual management and monitoring supported for manual review.
โ Conclusion
XTrader Pro Gold EA is a highly adaptable and risk-aware Expert Advisor built for trading assets like gold under various market conditions. Its hybrid logicโcombining no individual SL/TP, collective financial management, and equity-based trailingโoffers a portfolio-centric trading strategy ideal for advanced users.
Itโs best suited for traders who:
- Prefer automated risk scaling based on account balance.
- Want minimal manual intervention with basket-style trade exits.
- Trade during major Forex sessions, maximizing liquidity and volatility.
