This handbook explains the best way to configure and use the Neo Gold Knowledgeable Advisor (EA) on MetaTrader 5. Every part describes the aim of the settings and the way they have an effect on buying and selling conduct.
1. Commerce Feedback
Objective:
Means that you can assign a customized remark to all trades opened by Neo Gold EA. This helps distinguish its trades from these positioned manually or by different EAs.
Default Worth:
Neo Gold MT5
2. Handle Open Positions
These settings management how the EA manages current and pending trades.
Interval in Bars
Specifies what number of historic candles (bars) the EA analyzes when making buying and selling selections.Pending Expiration (minutes, 0 = OFF)
Determines how lengthy a pending order stays lively earlier than it’s mechanically deleted.
Set to 0 to disable expiration.Most Pending Orders (One Facet)
Limits the variety of pending purchase or promote orders that may be positioned on the similar time.
3. Lot Measurement Settings
These choices outline how the EA calculates commerce quantity.
Autolot Sort
Select how lot measurement is calculated:a) Mounted Cash Measurement
Lot measurement is calculated based mostly on a set capital quantity.Instance:
Account Steadiness: $1000
Mounted Cash Measurement: $200
Lot Measurement = (1000 / 200) × 0.01 = 0.05
The lot measurement will increase by 0.01 for each $200 in steadiness.
b) Mounted Lot Measurement
Makes use of a continuing lot measurement for each commerce (e.g., 0.01).c) Danger Per Commerce (%)
Units the share of account steadiness to danger per commerce.
Default: 10%Most Tons
Units an higher restrict on the lot measurement to forestall excessively massive trades.
4. Cease Loss & Take Revenue (SL-TP) Settings
Controls how cease loss and take revenue are dealt with.
5. Trailing Cease Settings
Robotically adjusts cease loss to guard earnings.
Trailing
Allows or disables trailing cease performance.Trailing Sort
Trailing Begin (pips)
Minimal revenue (in pips) required earlier than trailing begins.Trailing Step (pips)
Distance in pips between every cease loss adjustment.Trailstart ($)
Revenue quantity required to begin trailing (money-based).Trailstep ($)
Incremental trailing adjustment in cash models.
6. Break-Even Settings
Strikes cease loss to guard trades as soon as a sure revenue is reached.
Break Even
Allows or disables break-even performance.Break Even Sort
Break Even Begin (pips)
Revenue in pips required earlier than break-even is activated.Break Even Step (pips)
Variety of pips added past entry value when break-even is triggered.Lock Begin ($)
Revenue quantity required to activate break-even (money-based).Lock Cease ($)
Quantity of revenue locked as soon as break-even is triggered.
7. Information Filters
Helps keep away from buying and selling throughout high-impact information occasions.
Information Filter
Allows or disables news-based commerce safety.Cease Buying and selling Earlier than Information (minutes)
Time earlier than a information occasion when the EA stops buying and selling.Resume Buying and selling After Information (minutes)
Time after the information occasion when buying and selling resumes.
8. Dealer Settings
Ensures trades are executed below acceptable market situations.
Max Unfold (pips)
Most unfold allowed for opening a commerce.Max Slippage (pips)
Most acceptable slippage throughout order execution.Magic Quantity
A singular identifier that enables the EA to handle solely its personal trades with out interfering with different EAs.
