This guide explains the way to configure and use the Neo Gold Skilled 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
Goal:
Lets you 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 present and pending trades.
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Interval in Bars
Specifies what number of historic candles (bars) the EA analyzes when making buying and selling choices. -
Pending Expiration (minutes, 0 = OFF)
Determines how lengthy a pending order stays energetic earlier than it’s robotically 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 identical time.
3. Lot Dimension Settings
These choices outline how the EA calculates commerce quantity.
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Autolot Kind
Select how lot measurement is calculated:a) Mounted Cash Dimension
Lot measurement is calculated based mostly on a hard and fast capital quantity.Instance:
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Account Steadiness: $1000
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Mounted Cash Dimension: $200
Lot Dimension = (1000 / 200) × 0.01 = 0.05
The lot measurement will increase by 0.01 for each $200 in steadiness.
b) Mounted Lot Dimension
Makes use of a relentless lot measurement for each commerce (e.g., 0.01).c) Threat Per Commerce (%)
Units the proportion of account steadiness to threat per commerce.
Default: 10% -
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Most Heaps
Units an higher restrict on the lot measurement to stop excessively giant trades.
4. Cease Loss & Take Revenue (SL-TP) Settings
Controls how cease loss and take revenue are dealt with.
5. Trailing Cease Settings
Routinely adjusts cease loss to guard income.
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Trailing
Allows or disables trailing cease performance. -
Trailing Kind
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Trailing Begin (pips)
Minimal revenue (in pips) required earlier than trailing begins. -
Trailing Step (pips)
Distance in pips between every cease loss adjustment. -
Trailstart ($)
Revenue quantity required to begin trailing (money-based). -
Trailstep ($)
Incremental trailing adjustment in cash items.
6. Break-Even Settings
Strikes cease loss to guard trades as soon as a sure revenue is reached.
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Break Even
Allows or disables break-even performance. -
Break Even Kind
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Break Even Begin (pips)
Revenue in pips required earlier than break-even is activated. -
Break Even Step (pips)
Variety of pips added past entry worth when break-even is triggered. -
Lock Begin ($)
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.
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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 beneath acceptable market circumstances.
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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 permits the EA to handle solely its personal trades with out interfering with different EAs.