Welcome to the world of the GOLD VECTOR Skilled 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 simple! The default settings are already completely satisfactory in most situations. A very powerful 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. Should you want to keep away from excessive spreads and elevated volatility throughout information occasions, please be certain that to activate these filters and set your required DD limits!
Keep knowledgeable concerning the newest updates, dwell 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
Really useful .set File for Customary Brokers
I’ve ready a specialised configuration ( Gold Vector – Customary 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 classes.
This configuration differs from the default settings within the following methods:
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Unfold Filter: ON (Protects your entry from sudden unfold widening).
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Information Filter: ON (Avoids getting into trades throughout high-impact volatility).
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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 word that in case your dealer’s unfold is constantly above 30 factors (3 pips) throughout regular market hours, your account kind is unsuitable for this technique. In that case, you need to change 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 setting 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 advisable (Low unfold is important for breakout entries).
- Atmosphere: Quick and Dependable VPS (Essential for minimizing latency and execution time).
- Minimal Deposit:
- $50 (with 1:500 leverage).
- $500 (with 1:20 leverage).
(Observe: Decrease leverage requires greater margin, however your absolute danger stays managed by the Threat Share setting!)
II. Detailed settings clarification
Essential Observe on Level Values:
The EA is totally suitable 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 & Dimension
That is essentially the most essential part for shielding your capital.
- Use Threat % Lot Sizing:
- Clarification: If enabledthe EA mechanically calculates the lot measurement primarily based on Threat Share and Cease Loss (SL). If disabledthe Mounted Lot Dimension will apply.
- Threat Share (%):
- Clarification: The share of your account stability that’s risked on every new commerce. (e.g., 1.0 = 1% danger).
- Mounted Lot Dimension:
- Clarification: The fastened 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 Share 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 observe 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 worth 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 to your buying and selling session. It calculates the loss relative to the Preliminary Fairness recorded when the EA was first hooked up to the chart (or when the terminal was restarted). Instance: Should 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 primarily based 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 every day income and limits every day losses. It calculates the drawdown relative to the Fairness initially 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 Stability:
- Clarification: The EA will stop buying and selling if the account stability drops under this specified degree.
3. Time settings
- Use Auto GMT Offset:
- Clarification: Really useful to maintain as True! The EA mechanically calculates and adjusts to your dealer’s timezone (together with DST) to make sure the technique runs on the right market time. This function solely works in dwell 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 normalyou 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 may 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 conventional 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 at the moment “parked” (shifted away as a result of excessive unfold), the EA will lose monitor of this standing after a setting change and won’t restore the order to the right entry worth. 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 / Forex to look at (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 required foreign money. This function solely works in dwell buying and selling and doesn’t perform 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.