🔢 Gold Horizon X EA – Complete Settings Guide
Gold Horizon X EA is an automated trading Expert Advisor specifically configured for XAUUSD/GOLD symbols, with a structured approach to entry execution, risk-based position sizing, Stop Loss and Take Profit management, trailing-stop protection, drawdown control, and chart visualization.
The configuration also includes an H1 high/low entry offset, spread protection, trade cooldown controls, and adjustable Stop Loss modification parameters.
🔄 Official Information
🔹 Gold Horizon X OfficialNotice = Official version is available only via MQL5 Market — The settings panel states that the official version is available only through the MQL5 Market.
🔹 Display only = MQL5 Gold Horizon X Seller Page — Displays the referenced MQL5 seller page associated with the product information.
🔄 General Settings
🔹 Magic number (use a unique value per EA) = 2698 — Assigns the unique Magic Number 2698 to Gold Horizon X EA trades, allowing the EA to identify and manage its own positions.
🔹 Order comment = Gold Horizon X — Sets Gold Horizon X as the comment attached to orders generated by the EA.
🔹 Max spread: 1 = 0.01 price, 500 = 5.00 = 500.0 — Sets the maximum permitted spread to 500.0 points; according to the panel, 1 point = 0.01 price, so 500 points = 5.00 price units.
🔹 Entry offset from H1 high/low (In Points) = 30.0 — Sets the entry offset from the H1 high/low to 30.0 points, controlling how far the entry is positioned from the relevant hourly high or low.
🔹 Trade only XAUUSD/GOLD symbols = true — Restricts the EA to trading XAUUSD/GOLD symbols only.
🔄 Lot Size Settings
🔹 Lot sizing method = Risk % Per Trade — Selects Risk % Per Trade as the active position-sizing method.
🔹 Fixed lot size = 0.01 — Sets the fixed lot size to 0.01 lots when the fixed-lot calculation method is used.
🔹 Risk percent per trade = 1% Risk — Configures the EA to use 1% Risk per trade for its active risk-based lot calculation.
🔹 Max lot per order (0 = broker max) = 0.0 — Sets the maximum lot restriction to 0.0, which means the EA uses the broker maximum according to the parameter description.
🔄 Risk / TSL Settings
🔹 Stop Loss (In Points) = 100.0 — Sets the Stop Loss distance to 100.0 points.
🔹 Take Profit (In Points) = 500.0 — Sets the Take Profit distance to 500.0 points.
🔹 Max drawdown percent (0 = off) = 0.0 — Sets the maximum drawdown limit to 0.0%, meaning the drawdown protection is off.
🔹 Cooldown minutes after SL-like exits (0 = off) = 0 — Sets the post-exit cooldown to 0 minutes, meaning this cooldown function is off.
🔹 Min seconds between trailing SL updates (0 = off) = 50 — Requires at least 50 seconds between trailing Stop Loss updates.
🔹 Min trailing SL move = 160.0 — Sets the minimum required trailing Stop Loss movement to 160.0 points before an update can be applied.
🔹 Trailing SL offset = -25.0 — Sets the trailing Stop Loss offset to -25.0 points, defining the configured offset applied to the trailing-stop calculation.
🔹 Minimum step to modify SL (In Points) = 30.0 — Requires a minimum Stop Loss modification step of 30.0 points before the EA updates the SL.
🔄 Display Settings
🔹 Show info panel = true — Enables the on-chart information panel so relevant EA and trading information can be displayed directly on the chart.
🔹 Draw boundary lines = true — Enables the drawing of boundary lines on the chart to visually represent the relevant trading or entry levels.
🔢 Conclusion
Gold Horizon X EA provides a focused configuration for XAUUSD/GOLD automated trading, combining risk-based position sizing with defined entry, exit, and trailing-stop controls.
The current configuration uses Magic Number 2698 and the order comment Gold Horizon X. Trading is restricted to XAUUSD/GOLD symbols, while the maximum spread is set to 500.0 points, equivalent to 5.00 price units according to the panel's point conversion. The entry offset from the H1 high/low is configured at 30.0 points.
Position sizing is based on Risk % Per Trade, with 1% Risk selected. The fixed lot reference remains 0.01 lots, while Max lot per order = 0.0 means the broker maximum is used.
Trade protection is configured with a 100.0-point Stop Loss and 500.0-point Take Profit. Maximum drawdown protection is disabled at 0.0%, and the cooldown after SL-like exits is also disabled at 0 minutes.
Trailing-stop management uses 50 seconds as the minimum time between SL updates, a 160.0-point minimum trailing SL move, a -25.0-point trailing SL offset, and a 30.0-point minimum SL modification step.
The information panel and boundary lines are both enabled, providing additional visual monitoring directly on the trading chart.
For live deployment, traders should carefully evaluate the 1% risk setting, 100.0-point Stop Loss, 500.0-point Take Profit, 500.0-point spread limit, and disabled drawdown protection under their broker's actual XAUUSD conditions. Demo testing and backtesting are recommended before applying these settings to a live account.
🔢 FAQs
❓ What symbol does Gold Horizon X EA trade?
The parameter Trade only XAUUSD/GOLD symbols = true, so the EA is configured to trade XAUUSD/GOLD symbols only.
❓ What is the risk percentage used by Gold Horizon X EA?
The selected lot-sizing method is Risk % Per Trade, with Risk percent per trade = 1% Risk.
❓ What are the Stop Loss and Take Profit settings?
The configured Stop Loss is 100.0 points, while the Take Profit is 500.0 points.
❓ What is the maximum allowed spread?
The Max spread is 500.0 points. The panel specifies that 1 point = 0.01 price, meaning 500 points = 5.00 price units.
❓ Is drawdown protection enabled?
No. Max drawdown percent = 0.0, and the parameter description states that 0 = off, so the maximum drawdown protection is currently disabled.
