🔢 One Gold MT4 Settings Guide: Complete Parameters & Configuration
One Gold MT4 is a specialized automated trading Expert Advisor designed to provide structured and flexible trading control through configurable risk, recovery, lot sizing, trading-session, profit-target, stop-loss, trailing-stop, spread, execution, and news-filter settings.
Its configuration panel offers both Conservative Mode and Intense Mode, allowing traders to adjust the EA according to their preferred trading intensity, risk framework, and market conditions. With detailed money-management and protection parameters, One Gold MT4 gives users extensive control over how automated trades are opened, managed, and closed.
One Gold MT4 General Settings
🔹 Information Panel: true — Enables the EA's information panel, allowing key trading and configuration information to be displayed directly on the chart.
🔹 Trading Mode: Conservative — Selects Conservative Mode as the active trading configuration, using the parameters defined under the Conservative settings section.
🔢 Conservative Mode Settings
🔶 Conservative Mode — Recovery & Money Management
🔹 Recovery: false — Disables the recovery mechanism in Conservative Mode, preventing recovery-based position management from being activated.
🔹 Recovery coefficient: 1.6 — Defines a recovery coefficient of 1.6, which determines the scaling factor used when recovery logic is enabled.
🔹 Use Percent Risk: false — Disables percentage-based risk calculation, meaning the EA does not calculate position size directly from the account's risk percentage.
🔹 Percent Risk: 10.0 — Sets the percentage-risk parameter to 10.0. This value is available if percentage-based risk management is enabled.
🔹 Lot Step: 0.01 — Sets the lot-size increment to 0.01, allowing position volume to be adjusted in 0.01-lot steps.
🔹 Balance: 100.0 — Sets the balance reference parameter to 100.0, which can be used by the EA's lot-sizing logic.
🔹 Max Lot: 1000.0 — Defines the maximum lot parameter as 1000.0.
🔶 Conservative Mode — Trading Schedule
🔹 Time to Start Hour: 16 — Sets the Conservative Mode starting hour to 16.
🔹 Time to Start Minute: 0 — Sets the starting minute to 0, making the starting time 16:00.
🔹 Time to Finish Hour: 13 — Sets the Conservative Mode finishing hour to 13.
🔹 Time to Finish Minute: 0 — Sets the finishing minute to 0, making the configured finishing time 13:00.
🔶 Conservative Mode — Take Profit & Stop Loss
🔹 TakeProfit.pips: 120.0 — Sets the Take Profit distance to 120.0 pips for Conservative Mode.
🔹 StopLoss.pips: 400.0 — Sets the Stop Loss distance to 400.0 pips for Conservative Mode.
🔶 Conservative Mode — Trailing Stop
🔹 Trailing On Off: false — Disables the trailing-stop function in Conservative Mode.
🔹 Trailing Start.pips: 20.0 — Sets the trailing-stop activation threshold to 20.0 pips when the feature is enabled.
🔹 Trailing From.pips: 5.0 — Sets the trailing reference distance to 5.0 pips.
🔹 Trailing Step.points: 5.0 — Sets the trailing adjustment step to 5.0 points.
🔶 Conservative Mode — Break-Even
🔹 Use Breakeven: false — Disables the break-even function in Conservative Mode.
🔹 BE activity.pips: 30.0 — Sets the break-even activation parameter to 30.0 pips when break-even management is enabled.
🔶 Intense Mode Settings
🎯 Intense Mode — Recovery & Money Management
🔹 Recovery: true — Enables the recovery mechanism in Intense Mode, allowing the EA to use its recovery-management logic.
🔹 Recovery coefficient: 1.6 — Sets the recovery coefficient to 1.6 for Intense Mode.
🔹 Use Percent Risk: false — Disables percentage-based risk calculation in Intense Mode.
🔹 Percent Risk: 5.0 — Sets the percentage-risk parameter to 5.0 when percentage-risk management is activated.
🔹 Lot Step: 0.01 — Sets the lot-size increment to 0.01, providing volume adjustments in 0.01-lot steps.
🔹 Balance Step: 200.0 — Sets the balance step to 200.0, which can be used as a reference for balance-based lot calculation.
🔹 Max Lot: 10.0 — Sets the maximum lot parameter to 10.0 in Intense Mode.
🎯 Intense Mode — Trading Schedule
🔹 Time to Start Hour: 19 — Sets the Intense Mode starting hour to 19.
🔹 Time to Start Minute: 0 — Sets the starting minute to 0, making the configured starting time 19:00.
🔹 Time to Finish Hour: 16 — Sets the Intense Mode finishing hour to 16.
🔹 Time to Finish Minute: 59 — Sets the finishing minute to 59, making the configured finishing time 16:59.
🎯 Intense Mode — Take Profit & Stop Loss
🔹 TakeProfit.pips: 240.0 — Sets the Take Profit distance to 240.0 pips in Intense Mode.
🔹 StopLoss.pips: 220.0 — Sets the Stop Loss distance to 220.0 pips in Intense Mode.
🎯 Intense Mode — Trailing Stop
🔹 Trailing On Off: true — Enables trailing-stop management in Intense Mode.
🔹 Trailing Start.pips: 75.0 — Activates the trailing-stop mechanism after the configured threshold of 75.0 pips.
🔹 Trailing From.pips: 100.0 — Sets the trailing reference parameter to 100.0 pips.
🔹 Trailing Step.points: 5.0 — Sets the trailing adjustment step to 5.0 points.
🎯 Intense Mode — Break-Even
🔹 Use Breakeven: false — Disables break-even management in Intense Mode.
🔹 BE activity.pips: 30.0 — Sets the break-even activity threshold to 30.0 pips if the break-even function is activated.
🔶 One Gold MT4 — General Trading & Execution Settings
🔹 Fix Lot (0 if then Auto): 0.0 — Sets the fixed lot parameter to 0.0, indicating that the EA uses its automatic lot-sizing logic rather than a fixed lot value.
🔹 Automatic leverage adjustment: false — Disables automatic leverage adjustment.
🔹 Slippage in points: 20 — Allows a maximum configured slippage of 20 points during trade execution.
🔹 Comments: One Gold — Sets the trade comment to One Gold, helping identify positions opened by the EA.
🔹 Magic: 1 — Assigns the Magic Number 1 to identify and manage the EA's trades.
🔹 Only BUY: false — Disables buy-only mode, allowing the EA to operate without restricting it exclusively to BUY positions.
🔹 Only SELL: false — Disables sell-only mode, allowing the EA to operate without restricting it exclusively to SELL positions.
🔹 MaxSpread: 200 — Sets the maximum permitted spread parameter to 200. The EA can use this value to prevent trading when spread conditions exceed the configured limit.
🔶 Virtual Take Profit & Stop Loss Settings
🔹 Virtual TakeProfit and StopLoss string att4: false — Disables the displayed virtual Take Profit and Stop Loss function/string setting.
🔹 Close Currency Profit: false — Disables automatic position closure based on a currency-profit target.
🔹 Currency Profit: 500.0 — Sets the currency-profit target parameter to 500.0 if currency-profit closing is enabled.
🔹 Close Currency Loss: false — Disables automatic position closure based on a currency-loss threshold.
🔹 Currency Loss: 500.0 — Sets the currency-loss parameter to 500.0 if currency-loss closing is enabled.
🔹 Close Percent Loss: false — Disables automatic closing based on a percentage-loss threshold.
🔹 Percent Loss: 50.0 — Sets the percentage-loss threshold to 50.0% if percentage-loss protection is enabled.
🔶 Trade Opening Delay Settings
🔹 Delay of Open the Deal: false — Disables the trade-opening delay feature.
🔹 Delay of Open the Deal, Seconds: 10 — Sets the trade-opening delay to 10 seconds when the delay function is enabled.
🔶 Stop Trading After Stop Loss
🔹 Stop Trading after StopLoss: false — Disables the function that stops new trading after a Stop Loss event.
🔹 Stop Trading after StopLoss, hours: 10 — Sets the stop-trading period to 10 hours if the feature is activated.
🔹 Stop Trading after StopLoss,till the End of Day: false — Disables the option to stop trading until the end of the trading day after a Stop Loss.
🔶 One Gold MT4 News Filter Settings
🔹 Use NewsFilter: false — Disables the economic-news filter, meaning the EA is not currently instructed to block trading around scheduled news events.
🔹 Don't open positions minutes before the news: 60 — Sets the pre-news trading restriction period to 60 minutes when the news filter is enabled.
🔹 Don't open positions minutes after the news: 60 — Sets the post-news trading restriction period to 60 minutes when the news filter is enabled.
🔹 CALENDAR IMPORTANCE HIGH: true — Enables filtering for HIGH-importance economic-calendar events.
🔹 CALENDAR IMPORTANCE MODERATE: false — Disables filtering for MODERATE-importance economic-calendar events.
🔢 One Gold MT4 Settings Summary
| Category | Configured Value |
|---|---|
| Trading Mode | Conservative |
| Conservative Recovery | false |
| Conservative Recovery Coefficient | 1.6 |
| Conservative Percent Risk | 10.0 |
| Conservative Lot Step | 0.01 |
| Conservative Balance | 100.0 |
| Conservative Max Lot | 1000.0 |
| Conservative Take Profit | 120.0 pips |
| Conservative Stop Loss | 400.0 pips |
| Conservative Trailing | false |
| Conservative Break-Even | false |
| Intense Recovery | true |
| Intense Recovery Coefficient | 1.6 |
| Intense Percent Risk | 5.0 |
| Intense Lot Step | 0.01 |
| Intense Balance Step | 200.0 |
| Intense Max Lot | 10.0 |
| Intense Take Profit | 240.0 pips |
| Intense Stop Loss | 220.0 pips |
| Intense Trailing | true |
| Intense Trailing Start | 75.0 pips |
| Magic Number | 1 |
| Slippage | 20 points |
| Max Spread | 200 |
| Currency Profit | 500.0 |
| Currency Loss | 500.0 |
| Percent Loss | 50.0% |
| Trade Delay | 10 seconds |
| News Filter | false |
| High-Impact News | true |
| Moderate-Impact News | false |
🔢 Conclusion
One Gold MT4 provides a comprehensive configuration framework for automated trading, with separate Conservative and Intense profiles that offer substantially different trading-management characteristics. The current active mode is Conservative, where recovery, trailing stop, and break-even are disabled, while the Intense configuration enables recovery and trailing-stop management.
The EA also includes detailed controls for lot sizing, recovery coefficients, Take Profit, Stop Loss, spread, slippage, Magic Number, trade delays, currency-based protection, percentage-loss protection, and economic-news filtering. Traders should carefully evaluate these parameters through backtesting and forward testing before using them on a live account, particularly the lot, recovery, maximum-lot, and loss-protection settings.
🔢 FAQs
❓ What is the default trading mode of One Gold MT4?
The configured Trading Mode is Conservative, so the EA uses the Conservative Mode parameters shown in the settings.
❓ Does One Gold MT4 use recovery trading in the current configuration?
In the active Conservative Mode, Recovery = false. However, Intense Mode has Recovery = true with a Recovery coefficient of 1.6.
❓ What are the Take Profit and Stop Loss settings?
Conservative Mode uses TakeProfit = 120.0 pips and StopLoss = 400.0 pips, while Intense Mode uses TakeProfit = 240.0 pips and StopLoss = 220.0 pips.
❓ Does One Gold MT4 have a trailing-stop function?
Yes. Conservative Mode has Trailing On Off = false, while Intense Mode has Trailing On Off = true, with 75.0 pips trailing start, 100.0 pips trailing-from value, and 5.0 points trailing step.
❓ Is the news filter enabled in the current settings?
No. Use NewsFilter = false. Nevertheless, the EA has CALENDAR IMPORTANCE HIGH = true and CALENDAR IMPORTANCE MODERATE = false, with 60 minutes configured before and after news when the filter is activated.
