🔢 Gold or EA MT5 – Complete Settings & Parameters Guide
Gold or EA is an automated MetaTrader 5 trading system designed for gold and forex trading using a combination of MACD, RSI, session filters, news filters and risk management controls.
The EA allows traders to define trading sessions, manage drawdown risks, configure stop-loss and take-profit behavior, and customize technical indicator parameters for more precise market entries and exits.
🔢 Gold or EA MT5 Settings Explained
Below are the details of the parameters in the advisor’s trading system settings table:
🔄 Trading Session Settings
🔹 Enable the time filter? = false — Disables trading session restrictions, allowing the EA to trade at any time.
🔹 Use Two Sessions = false — Disables the second trading session filter.
🔹 Start of the Session 1 = 9 — Defines the start hour of Trading Session 1 at 09:00.
🔹 End of Session 1 = 12 — Defines the end hour of Trading Session 1 at 12:00.
🔹 Start of Session 2 = 15 — Defines the start hour of Trading Session 2 at 15:00.
🔹 End of Session 2 = 18 — Defines the end hour of Trading Session 2 at 18:00.
🔄 News Filter Settings
🔹 News Enable = false — Disables the economic news filter.
🔹 News Importance = Medium — Configures the EA to monitor Medium-impact news events when the news filter is enabled.
🔹 News Minutes Before = 60 — Stops opening trades 60 minutes before scheduled news events.
🔹 News Minutes After = 60 — Resumes trading 60 minutes after news releases.
🔄 Risk Management Settings
🔹 Risk (lot) = 0.1 — Sets the default trading lot size to 0.10 lots.
🔹 Risk Mode = Default — Uses the EA’s standard risk management model.
🔹 Trailing Stop = false — Disables the trailing stop feature.
🔹 Trailing Stop Level (%) (0: Disable) = 50.0 — Sets the trailing stop activation level to 50.0% when enabled.
🔹 Equity Drawdown Limit (%) (0: Disable) = 0.0 — Disables equity drawdown protection.
🔄 Position Closing Settings
🔹 SL Type = Fixed Points — Uses a fixed-point stop-loss method.
🔹 SL Deviation (Points) = 2000 — Sets the stop-loss distance to 2,000 points.
🔹 TP is coefficient for SL = 1.0 — Take-profit is calculated as 1.0 times the stop-loss distance.
🔄 Open Position Limits
🔹 Margin Limit (%) (0: Disable) = 300.0 — Limits margin usage to 300.0%; 0 would disable the feature.
🔹 Spread Limit (Points) (-1: Disable) = -1 — Disables spread filtering.
🔄 Auxiliary Settings
🔹 Slippage (Points) = 30 — Allows a maximum slippage of 30 points during order execution.
🔹 Timer Interval (Seconds) = 30 — EA checks conditions every 30 seconds.
🔹 Magic Number = 123456 — Unique identifier used to manage and track EA trades.
🔹 Order Filling = Default — Uses the broker's default order filling mode.
🔄 Signal Display Settings
🔹 Signal size = 1000.0 — Sets the visual size of trading signals displayed on the chart.
🔹 Signal color during the buying period = Blue — Displays buy signals in Blue.
🔹 Signal color during the selling period = Red — Displays sell signals in Red.
🔹 LineStyle = Solid — Uses a solid line style for chart signal visualization.
🔹 Signal transparency (0..255) small number = higher transparency = 200 — Sets chart object transparency to 200.
🔄 MACD Indicator Inputs
🔹 InpMACD_FastEMA = 12 — Uses a 12-period Fast EMA in the MACD calculation.
🔹 InpMACD_SlowEMA = 26 — Uses a 26-period Slow EMA in the MACD calculation.
🔹 InpMACD_SignalSMA = 9 — Uses a 9-period Signal SMA for MACD signals.
🔹 InpPrice = Close price — Calculates MACD using candle closing prices.
🔄 RSI Indicator Inputs
🔹 RSI period = 14 — Uses a 14-period Relative Strength Index.
🔹 Used price = Close price — RSI calculations are based on closing prices.
🔹 Highest limit for opening buy positions on the RSI indicator = 70.0 — Buy trades are allowed until RSI reaches 70.0.
🔹 Minimum limit for opening buy positions on the RSI indicator = 50.0 — Buy trades require RSI to be above 50.0.
🔹 Highest limit for opening sell positions on the RSI indicator = 50.0 — Sell trades require RSI to remain below 50.0.
🔹 Minimum limit for opening sell positions on the RSI indicator = 30.0 — Sell trades are allowed down to RSI 30.0.
🔢 Configuration Summary
🔹 Lot Size: 0.10
🔹 Risk Mode: Default
🔹 Stop Loss Type: Fixed Points
🔹 Stop Loss Distance: 2000 Points
🔹 Take Profit Multiplier: 1.0
🔹 Trailing Stop: Disabled
🔹 News Filter: Disabled
🔹 Trading Sessions: Disabled
🔹 MACD Settings: 12 / 26 / 9
🔹 RSI Period: 14
🔹 Magic Number: 123456
🔹 Slippage: 30 Points
🔹 Spread Filter: Disabled
🔢 Conclusion
Gold or EA MT5 combines technical indicators such as MACD and RSI with flexible risk management and trade execution controls. The current configuration uses a 0.10 lot size, fixed stop-loss of 2000 points, MACD (12,26,9), and RSI (14) while keeping both the news filter and session filter disabled. These settings provide a balanced framework for traders seeking automated market participation with customizable risk and signal parameters.
🔢 FAQs
❓ What indicators does Gold or EA MT5 use for trading decisions?
The EA primarily uses MACD (12,26,9) and RSI (14) indicators to generate trading signals.
❓ What is the purpose of the Magic Number 123456?
It uniquely identifies trades opened by Gold or EA MT5, preventing interference with other EAs or manual positions.
❓ How does the stop-loss system work?
The EA uses a Fixed Points stop-loss with a distance of 2000 points and a take-profit coefficient of 1.0.
❓ Can I enable trading only during specific sessions?
Yes, by enabling the Time Filter and configuring Session 1 and Session 2 trading hours.
❓ Does Gold or EA MT5 support news filtering?
Yes, it includes a built-in news filter with configurable impact level and pause periods before and after economic events.
