Golden Owl V9 MT4 Settings Explained โ Full Configuration Guide
Golden Owl V9 MT4 is a powerful automated Forex trading Expert Advisorย (EA) designed for MetaTrader 4 traders who want advanced grid trading, martingale management, moving average filtering, equity protection and intelligent news filtering.
The EA combines multiple trading engines with configurable lot sizing, break-even logic, trailing stop systems, and risk management tools to optimize automated trading performance across volatile market conditions.

Golden Owl V9 MT4 Full Settings Explanation
Below are the details of the parameters in the advisorโs trading system settings table:
Version & Display Settings
๐น Version1__ = GOLDENOWLEA V9: Displays the current EA version name as GOLDENOWLEA V9.
๐น Display Info = true: Enables on-chart display information.
๐น Display background color = true: Activates chart background color display.
๐น background color = Black: Sets the chart information panel background color to Black.
Max Trades & Hard Stop Loss Settings
๐น Max buy trades (0 disabled) = 10: Allows a maximum of 10 active buy trades.
๐น Max sell trades (0 disabled) = 10: Allows a maximum of 10 active sell trades.
๐น Hard SL (in points) = 10000: Sets the hard stop loss distance to 10000 points.
Switches Settings
๐น Start MANUAL Order Grid (Only if A / B Enable) = false: Disables manual grid order activation.
๐น Open New Orders ? = true: Allows the EA to open new trades automatically.
๐น Enable Grid ? = true: Activates the grid trading system.
๐น closes all orders now = false: Prevents immediate closure of all active trades.
Magic Number Engine
๐น Enable Engine A [BUY] = true: Activates the buy-side trading engine.
๐น Magic Number A = 1111: Assigns 1111 as the magic number for buy trades.
๐น Enable Engine B [SELL] = true: Activates the sell-side trading engine.
๐น Magic Number B = 2222: Assigns 2222 as the magic number for sell trades.
Config Lot INIT Settings
๐น Lot Mode = Percent Lot: Uses percentage-based lot sizing.
๐น Fixed Lot = 0.1: Sets fixed lot size to 0.1.
๐น Percent Lot = 0.1: Uses 0.1% risk-based lot calculation.
๐น Take Profit in Pips = 6000: Sets take profit target to 6000 pips.
Config Grid Settings
๐น Type Grid Lot = Martingale Lot 0.01 / 0.02 / 0.04 / 0.08 / 0.16 /.............: Uses martingale lot progression for grid trading.
๐น Step Size in Pips = 3: Grid orders are spaced every 3 pips.
๐น Grid Increment Factor (If Martingale) = 2.0: Multiplies lot size by 2.0 after each martingale step.
๐น STEP LOT (If Step Lot) = 4: Defines step lot progression level as 4.
๐น Max Lot = 99.0: Maximum allowed trading lot size is 99.0.
๐น After Level Change Lot A to B (Necessary all Engine Enable) = 2: Switches lot engine behavior after level 2.
๐น Enable Grid Dual Side = false: Disables simultaneous dual-direction grid trading.
Filter One Order by Candle Settings
๐น Open one order by candle = true: Limits the EA to one trade per candle.
๐น Timeframe OpenOneCandle = current: Uses the current chart timeframe for candle filtering.
Minimal Profit Close / Protect Grid Settings
๐น Enable Minimal Profit Close = true: Enables minimal profit close protection.
๐น Enable Protect Grid Last save Firsts = true: Activates grid protection recovery logic.
๐น Minimal Profit Close / Protect Grid = 10.0: Minimum profit target set to 10.0.
๐น Qtd Trades to Minimal Profit Close / Protect Grid = 10: Requires 10 trades before activating profit protection.
General Config Settings
๐น Hedge After Level = 0: Disables hedge activation after grid levels.
๐น Daily Target in Money = 50: Sets daily profit target to $50.
Moving Average Settings
๐น Moving Average TimeFrame = current: Uses the current chart timeframe for moving average analysis.
๐น Moving Average Period = 34: Moving average period set to 34.
๐น Moving Average Method = Exponential: Uses Exponential Moving Average (EMA).
๐น Moving Average Price = Open price: Calculates MA using the opening price.
๐น Moving Average Shift = 0: No moving average shift applied.
HILO Settings
๐น Enable Sinal HILO = true: Activates HILO signal filtering.
๐น If True Invert Filter = false: Keeps normal HILO signal direction.
๐น HILO TimeFrame = current: Uses current chart timeframe for HILO analysis.
๐น HILO Period = 3: HILO indicator period set to 3.
๐น HILO Method = Exponential: Uses Exponential calculation for HILO.
๐น HILO Shift = 0: No HILO shift applied.
Trailing Stop Settings
๐น Use Trailling Stop ? = true: Enables trailing stop functionality.
๐น TrailingStart = 20: Starts trailing stop after 20 points profit.
๐น Size Trailling stop = 20: Trailing stop distance set to 20 points.
Break Even Settings
๐น Use Break Even ? = true: Activates break-even protection.
๐น Break Even Start = 15: Break-even activates after 15 points profit.
๐น Break Even Step = 3: Break-even adjustment step set to 3.
Take Equity STOP Settings
๐น Usar Take EquityStop? = true: Enables equity-based profit closure.
๐น Closes all orders once Float hits this $ amount = 50.0: Closes all trades when floating profit reaches $50.0.
Filter Max Spread Settings
๐น Max Spread in Pips = 24: Maximum allowed spread set to 24 pips.
Filter Caution of Equity Settings
๐น EquityCaution? = true: Enables equity caution protection.
๐น Total % Risk to EquityCaution = 20.0: Equity caution threshold set to 20.0%.
๐น Timeframe as EquityCaution = 1 Day: Equity caution calculated over 1 Day.
Filter Equity STOP Settings
๐น Use EquityStop? = true: Activates equity stop protection.
๐น Total % Risk to EquityStop = 60.0: Maximum equity drawdown limit set to 60.0%.
๐น Send Alert to Celular = false: Mobile alerts are disabled.
๐น Close all orders in TotalEquityRisk = false: Does not automatically close trades at total equity risk threshold.
๐น Remove EA and close chart after Equity stop closes trades = true: Automatically removes the EA after equity stop execution.
News Filter Settings
๐น Use news filter = true: Activates economic news filtering.
๐น Close trades dunning news period = false: Keeps trades open during news events.
๐น Scan for low impact news = false: Ignores low-impact economic news.
๐น Before low impact news = 5: Applies filter 5 minutes before low-impact news.
๐น After low impact news = 5: Applies filter 5 minutes after low-impact news.
๐น Scan for medium impact news = false: Ignores medium-impact economic news.
๐น Before medium impact news = 5: Applies filter 5 minutes before medium-impact news.
๐น After medium impact news = 5: Applies filter 5 minutes after medium-impact news.
๐น Scan for high impact news = true: Filters high-impact economic news events.
๐น Before high impact news = 5: Stops trading 5 minutes before high-impact news.
๐น After high impact news = 5: Resumes trading 5 minutes after high-impact news.
๐น Scan for NFP news = true: Enables Non-Farm Payroll news filtering.
๐น Before NFP news = 5: Stops trading 5 minutes before NFP news.
๐น After NFP news = 5: Resumes trading 5 minutes after NFP news.
๐น DrawNewsLines = true: Displays news event lines on the chart.
๐น Line colour - low impact news = Green: Uses Green color for low-impact news lines.
๐น Line colour - medium impact news = Blue: Uses Blue color for medium-impact news lines.
๐น Line colour - high impact news = Red: Uses Red color for high-impact news lines.
๐น Line width = 1: News line thickness set to 1.
๐น Line Style = Dot: Uses dotted line style for news markers.
Filter Date Time Settings
๐น InpUtilizeTimeFilter = true: Enables time-based trading filter.
๐น InpTrade_in_Monday = true: Allows trading on Monday.
๐น InpTrade_in_Tuesday = true: Allows trading on Tuesday.
๐น InpTrade_in_Wednesday = true: Allows trading on Wednesday.
๐น InpTrade_in_Thursday = true: Allows trading on Thursday.
๐น InpTrade_in_Friday = true: Allows trading on Friday.
๐น InpStartHour = 00:00: Trading session starts at 00:00.
๐น InpEndHour = 23:59: Trading session ends at 23:59.
Visor 1 Display Settings
๐น Visor1_Show_the_Time = true: Displays time on the chart panel.
๐น Visor1_Show_the_Price = true: Displays live price information.
๐น Visor1_Price_Up_Color = LawnGreen: Uses LawnGreen for bullish price display.
๐น Visor1_Price_Down_Color = Tomato: Uses Tomato for bearish price display.
๐น Visor1_Price_X_Position = 10: Horizontal position of price display is 10.
๐น Visor1_Price_Y_Position = 10: Vertical position of price display is 10.
๐น Visor1_Price_Size = 20: Price text size set to 20.
๐น Visor1_Porcent_X_Position = 10: Percentage display X-axis position set to 10.
๐น Visor1_Porcent_Y_Position = 70: Percentage display Y-axis position set to 70.
๐น Visor1_Porcent_Size = 20: Percentage text size set to 20.
๐น Visor1_Symbol_X_Position = 10: Symbol display X-axis position set to 10.
๐น Visor1_Symbol_Y_Position = 40: Symbol display Y-axis position set to 40.
๐น Visor1_Symbol_Size = 20: Symbol text size set to 20.
๐น Visor1_Chart_Timezone = -5: Chart timezone offset set to -5.
๐น Visor1_Time_Color = Yellow: Time display color is Yellow.
๐น Visor1_Time_Size = 17: Time text size set to 17.
๐น Visor1_Time_X_Position = 10: Time display X-axis position set to 10.
๐น Visor1_Time_Y_Position = 10: Time display Y-axis position set to 10.
๐น Visor1_Spread_Size = 10: Spread display size set to 10.
๐น Visor1_Spread_X_Position = 10: Spread display X-axis position set to 10.
๐น Visor1_Spread_Y_Position = 100: Spread display Y-axis position set to 100.
Conclusion
Golden Owl V9 MT4 is a highly advanced automated Forex trading EA that combines grid trading, martingale progression, moving average filtering, HILO trend analysis, news protection, equity management and customizable display tools.
With its extensive configuration system, the EA is suitable for experienced traders seeking a flexible and feature-rich MetaTrader 4 trading solution.
FAQs
โ What is Golden Owl V9 MT4?
Golden Owl V9 MT4 is an automated Forex Expert Advisor for MetaTrader 4 with grid trading and advanced risk management features.
โ Does Golden Owl V9 MT4 use martingale trading?
Yes, the EA includes a martingale grid system with configurable lot multiplication.
โ Can Golden Owl V9 MT4 filter economic news?
Yes, the EA supports filtering for high-impact news and NFP events.
โ Does Golden Owl V9 MT4 include trailing stop and break-even functions?
Yes, the EA has built-in trailing stop and break-even management tools.
โ Is Golden Owl V9 MT4 suitable for risk-controlled trading?
Yes, the EA includes equity stop protection, spread filters, and customizable risk controls for safer automated trading.










