Expert Goldbot One MT4 V1.6

Parameter overview:

– ShowInfoPanel -> display the information panel on the chart 

– Adjustment for Infopanel size -> in case of 4K display, set value to “2”

– update infopanel during testing -> disabled for faster backtesting

– Allow Buy Trades / Allow Sell Trades -> here you can enable/disable buy trades and sell trades

– Run strategy 1..8 -> enable/disable the different strategies (all are breakout of daily support and resistance, but different entries and exit settings)

– Maximum allowed spread: maximum spread for pending orders to be allowed

– Friday Stop Hour -> if you don’t want trades to be hold over the weekend, set a value between 0 and 23. (25 means “disabled)

– SetSL_TP_After_Entry -> enable only if your broker doesn’t allow pending orders with SL and TP

– Use Virtual Expiration -> enable only if your broker doesn’t allow pending order with expiration date

– Randomization -> this will randomize the entries, exits and TrailingSL values a bit, so that multiple users on the same broker, will have a bit different trades.  Also good for prop firms.  Good value is “50”

– BaseMagicNumber -> the base magicnumber that will be used for all strategies

– Comment for trades -> the comment to be used for the trades

– EnableNFP_Filter -> turn the NFP filter on or off

– AutoGMT -> let the EA calculate the correct GMT offset for your broker, so that the time of NFP will be correct 

– GMT_OFFSET_Winter -> for setting the GMT Offset manually in the wintertime (when AutoGMT is off, or during backtesting!)

– GMT_OFFSET_Summer -> for setting the GMT Offset manually in the summertime (when AutoGMT is off, or during backtesting!)

– NFP_CloseOpenTrades -> force the EA to close all open trades when NFP starts (X minutes before NFP)

– NFP_ClosePendingOrders -> force the EA to delete all pending orders when NFP starts (X minutes before NFP)

– NFP_MinutesBefore -> how many minutes before the NFP event, to close trades and pending orders

– NFP_MinutesAfter -> how many minutes after the NFP event, before the EA resumes trading again

– Propfirm unique settings -> here you can adjust various entry and exit parameters to make the EA trade differently from other users

– Lotsize Calculation Method -> here you determine how the lotsize should be calculated: Fixed lotsize (Use StartLots), Using Max Risk Per Strategy, or using LotsizeStep

– Startlots -> set the value for fixed lotsize, when that option is chosen.  This parameter will be used as “minimum lotsize” when using any of the other 2 options for lotsize calculation

– LotsizeStep -> binds the lotsize to the balance or equity.  So LotsizeStep=1000 would mean: 0.01lots per 1000 balance.  so a balance of 3000 would run at 0.03lots

– Max Risk Per Strategy -> The maximum loss (in %) when a strategy reaches his maximum historical drawdown.  So value “2” would mean maximum 2% loss if the max historical drawdown of that strategy is hit.

– Set Max Daily Drawdown -> Here you can set a maximum allowed daily drawdown (in %).  If it is reached, the EA would close all trades and pending orders, and wait for the next day.  This is usefull for prop firms

– Use Equity instead of Balance -> use Equity of the account to calculate all lotsize values

– OnlyUp -> this will prevent lotsize to decrease after losses (more aggressive but faster recovery after losses)

– Check for free margin before setting trades -> Use when the EA has problems setting trades on your broker because of low margin, while there is sufficient margin

– AdjustLotsizeToVariableValues -> this will adjust the lotsize to adjusted SL/TP levels (in case Goldprice itself changes a lot)