The Power of Gold MT4 V1.0

Welcome to The Power of Gold Expert Advisor, a state-of-the-art trading system designed to provide traders with a reliable, secure, and adaptable tool for navigating the complexities of the gold market.

How to set up news filter

SET UP
Symbol	XAUUSD/GOLD
Timeframe	M30/H1
Settings	NEED SETFILE (pls pm me for the setfile after purchasing this bot)
Brokers	Any
Minimum Deposit	500 (high risk)
Recommended Deposit	1000 (medium risk)
Account	Standard, Leverage 1:500

Expert input:

1. Manage Open Positions

• Period in bars: Define how many bars the strategy should look back to analyze past data and make trading decisions.

2. Manage Lot and Money

• Lot Type: Select lot type
• AutoLot: Manage auto calculation lots
• if AutoLot = true, fill in Money to manage, $: Fill in money to manage (Ex. Balance 5000, fill in 1000, Autolot = 0.05)
• if Autolot = false, fill in Start Lot: fill in the initial lot
• Coefficient Multiplier for Martingale 4: Multiplier lot coefficient
• Coefficient Multiplier Manual Lot Step: Multiplier lot coefficient
• Maximal Lots: max lots per trade
• Maxtrade: Max trade allowed

3. Manage GRID

• Step (in pips): Distance to open the next position
• Expanding Step Coefficient: step multiplier coefficient

4. Manage SLTP

• Use Stoploss and Take Profit, in pips
• Stop Loss(in pips), 0= no stoploss
• Take Profit(in pips), 0= no take profit

5. Manage Trailing

• Averaging Trailing, in pips: Trailing all in pips
• Trailing Start (in pips): Trailing starts in pips
• Trailling Size (in pips): Step trailing in pips

6. Manage Break Even

• Use Break Even: Enable Break even
• Break Even Start, in pips
• Break Even Step, in pips

7. Manage Drawdown Reduction

• Use Auto Close Partial:
• Select Close Partial Method:

Close partial buy & sell: partial close by bringing 1 buy loss & 1 sell loss

Close Partial Buy/Sell 1: means the bot will close partial far loss 1 buy or 1 sell position.

Close Partial Buy/Sell 2: meaning the bot will close partial far loss 2 buy or 2 sell positions.

Close partial all 1: A combination of close partial buy & sell and close partial buy / sell 1.

Close partial all 2: A combination of close partial buy & sell and close partial buy / sell 2.

• Number of trades to activate partial close: Minimum open positions to start partial close.
• Select Partial Takeprofit Method : Pips or Money
• Minimum profit to close partial : Minimum profit to do partial close
• Auto Close Partial 3: enable/disable auto close partial 3
• Select Close Partial 3 Method
• Number of trades to activate partial close 3
• Lots to start partial closing: minimum lots to activate partial closing 3
• min Profit to close(in pips): Minimum profit to be able to close a position
• Partial close percentage, % : How many % lots will be closed. Ex. 50% x lot 0.1 = 0.05 lot to close partial

8. Manage News

• Stop Trade by News: Enable or disable the news filter to avoid trading during significant news events.
• Show News Only This Chart Currency: Display news related to the current chart/symbol only.
• High/Medium/Low Importance News: Classify news based on its importance and set colors for each category.
• Stop trade X seconds before the news: Stop trading a specified number of seconds before the news release.
• Stop trade X seconds after the news: Stop trading a specified number of seconds after the news release.
• Show timer before and after news: Display a timer for the duration before and after the news event.
• Period news updates in seconds: Set the interval for news updates in seconds.

9. Manage Others

• Max Spread (in Pips): spread allowed
• Magic number : EA identifies open positions based on this magic number.