Goldbot One MT4 V1.6

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)

Goldbot One MT4 V1.6 for supported forex markets Traders

This expert advisor may be suitable for traders using MT4 for supported forex markets. Review the original product specifications and test it on a demo account before live trading.

Product Information

• Platform: MT4
• Product type: Expert Advisor
• Suitable markets: supported forex markets
• Trading approach: the strategy described above

Important Trading Notice

Automated trading and Expert Advisors involve financial risk. Test all settings on a demo account first. Past performance does not guarantee future results.