Welcome to the world of the GOLD VECTOR Professional Advisor!
This information particulars the EA’s set up, settings, and performance, making certain you run the technique with optimum effectiveness.
The setup is exceptionally straightforward! The default settings are already completely enough in most situations. Crucial step is adjusting the lot measurement or the risked share to align along with your private cash administration necessities.
Crucially vital: By default, the Unfold Filter, Information Filter, and Drawdown Limits are turned OFF. When you want to keep away from excessive spreads and elevated volatility throughout information occasions, please be sure that to activate these filters and set your required DD limits!
Keep knowledgeable concerning the newest updates, stay efficiency outcomes, and present reductions for the EA on our The Automated Edge MQL5 Channel.
Product Hyperlink: GOLD VECTOR STRATEGY on the Market – CLICK HERE
Beneficial .set File for Normal Brokers
I’ve ready a specialised configuration ( Gold Vector – Normal Dealer.set file) designed for brokers that will have barely greater than common spreads or are vulnerable to widening spreads throughout information occasions and in a single day periods.
This configuration differs from the default settings within the following methods:
Unfold Filter: ON (Protects your entry from sudden unfold widening).
Information Filter: ON (Avoids coming into trades throughout high-impact volatility).
Trailing Cease: Widened (Provides the commerce extra room to breathe on accounts with greater prices).
⚠️ CRITICAL WARNING: Whereas this file helps with reasonable spreads, please observe that in case your dealer’s unfold is persistently above 30 factors (3 pips) throughout regular market hours, your account sort is unsuitable for this technique. In that case, you will need to swap to a RAW or ECN account for the EA to be worthwhile.
I. Set up and environmental necessities
The Gold Vector Technique is an MQL5 product that requires the right surroundings for optimum efficiency:
- Instrument: XAUUSD (Gold).
- Timeframe: Any (The technique’s core logic is impartial of the chart timeframe).
- Account Kind: ECN or RAW Unfold account is extremely really useful (Low unfold is important for breakout entries).
- Surroundings: Quick and Dependable VPS (Essential for minimizing latency and execution time).
- Minimal Deposit:
- $50 (with 1:500 leverage).
- $500 (with 1:20 leverage).
(Be aware: Decrease leverage requires greater margin, however your absolute danger stays managed by the Threat Proportion setting!)
II. Detailed settings rationalization
Vital Be aware on Level Values:
The EA is totally appropriate with 3-decimal digit brokers (e.g., 2025.505). It mechanically detects the additional digit and scales your enter values internally. You do NOT have to manually modify these values for 3-digit accounts; merely use the usual settings.
1. Threat & Measurement
That is probably the most important part for safeguarding your capital.
- Use Threat % Lot Sizing:
- Clarification: If enabled, the EA mechanically calculates the lot measurement based mostly on Threat Proportion and Cease Loss (SL). If disabled, the Fastened Lot Measurement will apply.
- Threat Proportion (%):
- Clarification: The share of your account stability that’s risked on every new commerce. (e.g., 1.0 = 1% danger).
- Fastened Lot Measurement:
- Clarification: The mounted lot measurement utilized by the EA if risk-based calculation is disabled.
- Cease Loss (Factors):
- Clarification: The utmost loss for the place, measured in Factors. This worth is essential for the Threat Proportion calculation!
- Take Revenue (Factors):
- Clarification: The goal revenue for the place, measured in Factors.
2. Administration
- Trailing Distance (Factors):
- Clarification: As soon as the Trailing Begin revenue is reached, this distance will comply with the place as a protecting Cease Loss.
- Trailing Begin (Factors Revenue):
- Clarification: The revenue threshold (in Factors) after which the Trailing Cease mechanism is activated.
- Trailing Step (Factors):
- Clarification: The minimal increment (in Factors) by which the value should transfer in your favor earlier than the Cease Loss is up to date. A small worth (e.g., 2–5) reduces log file measurement and server load with out affecting efficiency.
- Use Max Drawdown Safety / Max Whole DD %:
- Clarification: Acts as a tough security cease on your buying and selling session. It calculates the loss relative to the Preliminary Fairness recorded when the EA was first connected to the chart (or when the terminal was restarted). Instance: When you begin with $1,000 and set Max DD to 10%, the EA will cease buying and selling if Fairness drops to $900. It’s a static restrict based mostly on the beginning capital, not a trailing drawdown from the very best revenue peak.
- Use Each day Drawdown Safety / Max Each day DD %:
- Clarification: Protects your each day earnings and limits each day losses. It calculates the drawdown relative to the Fairness at first of the day (00:00 Dealer Time). Instance: If the day begins with $1,000 and also you set Each day DD to three%, the EA will cease buying and selling for the remainder of the day if Fairness drops to $970, no matter earlier days’ outcomes.
- Minimal Account Steadiness:
- Clarification: The EA will stop buying and selling if the account stability drops beneath this specified degree.
3. Time settings
- Use Auto GMT Offset:
- Clarification: Beneficial to maintain as True! The EA mechanically calculates and adjusts on your dealer’s timezone (together with DST) to make sure the technique runs on the right market time. This function solely works in stay buying and selling.
- ⚠️CRITICAL FOR BACKTESTING: The technique is optimized for GMT+2/3 DST dealer server time. In case your dealer’s server time differs from this customary, you should manually set the right hour distinction utilizing the Handbook Hour Shift setting to make sure correct backtest outcomes.
- Handbook Hour Shift:
- Clarification: If Auto Time is disabled, you possibly can manually offset the technique’s buying and selling schedule (Entry and Order Expiration) by +/- hours to match your dealer’s server time.
- Commerce Mon/Tue/Wed/Thu/Fri:
- Clarification: Allow or disable buying and selling on particular days of the week.
4. Filters (unfold & information)
- Allow Unfold Filter (Parking):
- Clarification: Prompts the EA’s stealth mechanism: in case of utmost unfold, pending orders are shifted (parked) after which mechanically restored to the traditional entry degree when the unfold normalizes.
- CRITICAL WARNING: Don’t modify EA settings whereas there are energetic Pending Orders! Altering settings resets the EA’s inner reminiscence. If an order is presently “parked” (shifted away on account of excessive unfold), the EA will lose observe of this standing after a setting change and won’t restore the order to the right entry value. At all times manually delete all Pending Orders earlier than altering any enter parameters!
- Max Unfold (Factors):
- Clarification: The utmost unfold (in factors) the robotic is keen to commerce with.
- Allow Information Filter / Foreign money to observe (e.g. USD):
- Clarification: The EA makes use of the built-in MT5 Calendar to pause buying and selling earlier than and after high-impact occasions for the desired forex. This function solely works in stay buying and selling and doesn’t operate within the Technique Tester.
- Minutes Earlier than Information / Minutes After Information:
- Clarification: The variety of minutes earlier than and after a information occasion that the EA will stay paused.
