GoldenHour EA MT5 Settings Guide
GoldenHour EA MT5 is an automated trading Expert Advisor designed around a Multi-Session Trading Strategy, combining configurable entry offsets, risk management, trailing-stop controls, position sizing, market-condition filters, liquidity analysis, and time synchronization. The EA provides separate controls for long and short entry placement, initial Stop Loss and Profit Target, dynamic position sizing, account risk, spread and slippage protection, and minimum tick-volume requirements.
The displayed configuration also includes session-specific Magic Numbers, an EA identifier label, broker-time adjustment, and an on-chart information panel. These settings allow traders to customize the EA's execution behavior, position risk, and market-entry conditions.
Entry Settings
🔹 Long Entry Offset (pips) = 5.0 — Sets the entry offset for Long trades to 5.0 pips from the EA's calculated entry level.
🔹 Short Entry Offset (pips) = 2.0 — Sets the entry offset for Short trades to 2.0 pips from the EA's calculated entry level.
Risk Management Settings
🔹 Initial Stop Loss (pips) = 20.0 — Sets the initial protective Stop Loss distance to 20.0 pips.
🔹 Profit Target (pips) = 210.0 — Sets the main Profit Target to 210.0 pips.
🔹 Trailing Stop in points = 3.0 — Sets the trailing-stop distance to 3.0 points.
🔹 Start trailing after this many points in profit = 5.0 — Activates trailing management after the position reaches 5.0 points of profit.
🔹 Step for trailing stop in points = 2.0 — Sets the trailing-stop adjustment step to 2.0 points.
Position Sizing Settings
🔹 Use Dynamic Position Sizing = false — Disables dynamic position sizing in the current configuration.
🔹 Enable Risk Control = true — Enables the EA's account-risk control mechanism.
🔹 Account Risk Per Trade (%) = 3.0 — Sets the configured account risk per trade to 3.0%.
🔹 Maximum Allowed Lot Size = 0.5 — Limits the maximum permitted position size to 0.5 lots.
🔹 Trading Volume for FIX LOT = 0.01 — Sets the fixed trading volume to 0.01 lots when fixed-lot sizing is used.
Visual Settings
🔹 Enable Info Panel = true — Enables the EA's information panel on the trading chart.
Magic Number Settings
🔹 Session ID 1 = 123456 — Assigns 123456 as the Magic Number/session identifier for the first trading session.
🔹 Session ID 2 = 789012 — Assigns 789012 as the Magic Number/session identifier for the second trading session.
Time Settings
🔹 Enable Auto Time Sync = false — Disables automatic synchronization of the EA's trading time with the broker/server time.
🔹 Adjust Time (Default for +3 GMT brokers) = 3 — Sets the manual time adjustment to 3, corresponding to the default setting for +3 GMT brokers.
🔹 EA Identifier Label = GoldenHour — Sets GoldenHour as the EA identifier label.
🔹 Trading Mode Selection = Multi-Session Trading Strategy — Selects the Multi-Session Trading Strategy as the EA's trading mode.
Market Filter Settings
🔹 Enable Spread Filter = false — Disables the spread filter in the current configuration.
🔹 Maximum Allowed Spread (pips) = 5.0 — Sets the maximum allowed spread to 5.0 pips when the Spread Filter is enabled.
🔹 Enable Slippage Protection = false — Disables slippage protection.
🔹 Maximum Allowed Slippage (pips) = 3.0 — Sets the maximum allowed slippage to 3.0 pips when Slippage Protection is enabled.
🔹 Enable Liquidity Filter = true — Enables the liquidity filter for trade-entry conditions.
🔹 Minimum Tick Volume Required = 100.0 — Requires a minimum tick volume of 100.0 for the liquidity filter to accept trading conditions.
Current Configuration Summary
🔹 Trading Mode: The EA is configured for the Multi-Session Trading Strategy.
🔹 Long Entry: The Long Entry Offset is set to 5.0 pips.
🔹 Short Entry: The Short Entry Offset is set to 2.0 pips.
🔹 Initial Protection: The Initial Stop Loss is configured at 20.0 pips.
🔹 Profit Target: The Profit Target is configured at 210.0 pips.
🔹 Trailing Management: Trailing begins after 5.0 points of profit, with a 3.0-point trailing distance and a 2.0-point trailing step.
🔹 Risk Control: Risk Control is enabled with 3.0% account risk per trade.
🔹 Position Limit: The maximum allowed lot size is 0.5 lots.
🔹 Fixed Volume: The fixed-lot trading volume is 0.01 lots.
🔹 Dynamic Position Sizing: Dynamic Position Sizing is disabled.
🔹 Spread Protection: The Spread Filter is disabled, although the configured maximum spread is 5.0 pips.
🔹 Slippage Protection: Slippage Protection is disabled, with 3.0 pips configured as the maximum allowed slippage.
🔹 Liquidity Protection: The Liquidity Filter is enabled and requires 100.0 minimum tick volume.
🔹 Session Identification: The EA uses Session ID 123456 and Session ID 789012.
🔹 Time Synchronization: Automatic Time Sync is disabled, with a manual time adjustment of 3.
🔹 Chart Display: The Info Panel is enabled.
Important Notes About the Settings
🔹 Risk Control vs Dynamic Position Sizing: Risk Control is enabled at 3.0%, while Dynamic Position Sizing is disabled. The exact lot calculation should therefore be interpreted according to the EA's internal position-sizing logic.
🔹 Fixed Lot Configuration: The EA has Trading Volume for FIX LOT = 0.01, which provides the fixed-volume setting when fixed-lot operation is applicable.
🔹 Maximum Lot Protection: Regardless of the position-sizing method, the displayed Maximum Allowed Lot Size = 0.5 provides a configured upper lot-size limit.
🔹 Spread Filter: Although Maximum Allowed Spread = 5.0 pips is configured, Enable Spread Filter = false, so this spread threshold is not currently active as a filter.
🔹 Slippage Protection: Maximum Allowed Slippage = 3.0 pips is configured, but Enable Slippage Protection = false, so the dedicated slippage protection is currently disabled.
🔹 Liquidity Filter: The Liquidity Filter is active with Minimum Tick Volume Required = 100.0, meaning market liquidity conditions are part of the displayed trade-entry configuration.
🔹 Trailing Stop: The trailing system is configured to begin after 5.0 points of profit, use a 3.0-point trailing distance, and adjust in 2.0-point steps.
🔹 Time Adjustment: Automatic synchronization is disabled, so the configured manual adjustment of 3 should be checked against the broker's server time.
🔹 Session IDs: The values 123456 and 789012 allow the EA to distinguish trades associated with its two configured sessions.
Conclusion
GoldenHour EA MT5 provides a structured Multi-Session Trading Strategy with detailed controls for entry placement, risk management, position sizing, trailing stops, liquidity conditions, execution filters, and time synchronization.
The displayed setup uses 5.0 pips for the Long Entry Offset, 2.0 pips for the Short Entry Offset, a 20.0-pip Initial Stop Loss, and a 210.0-pip Profit Target. Risk Control is enabled with 3.0% account risk per trade, while the maximum allowed lot size is limited to 0.5 lots.
For trade management, the trailing system starts after 5.0 points of profit, uses a 3.0-point trailing distance, and applies a 2.0-point step. The Liquidity Filter is enabled with a minimum tick volume requirement of 100.0.
The Spread and Slippage filters are currently disabled, despite having configured thresholds of 5.0 pips and 3.0 pips respectively. Traders should therefore distinguish between configured values and currently active protection modules when evaluating this setup.
FAQs
❓ What trading strategy does GoldenHour EA MT5 use?
The displayed configuration uses the Multi-Session Trading Strategy, with separate session identifiers 123456 and 789012.
❓ What is the Stop Loss and Profit Target?
The Initial Stop Loss is 20.0 pips, while the Profit Target is 210.0 pips.
❓ What is the risk per trade?
Enable Risk Control = true, with Account Risk Per Trade = 3.0%. The maximum allowed lot size is 0.5 lots.
❓ Does GoldenHour EA MT5 use a Liquidity Filter?
Yes. Enable Liquidity Filter = true, with Minimum Tick Volume Required = 100.0.
❓ Are Spread and Slippage Protection enabled?
No. Both are currently disabled. The configured maximum spread is 5.0 pips, and the maximum slippage is 3.0 pips, but their respective protection switches are set to false.
