Gold4L Clover Pro

Gold4L Clover Pro 1.5

Gold4L Clover Pro 1.5 is an Expert Advisor (EA) designed for MetaTrader 5 (MT5) to assist traders in executing their strategies on Gold (XAU/USD). This EA is built to adapt to various market conditions and trading styles, offering a range of features that enhance trade management and risk control. It is suitable for both novice and experienced traders who are looking to optimize their trading process.

Key Features:

1. Flexible Lot Sizing:

   • Fixed Lot Size or Risk Percentage: Choose between a fixed lot size or automatically calculate the lot size based on a specified risk percentage, ensuring trade sizing aligns with your risk management preferences.
   • Money Management: Utilize the Money Management Multiplier to refine lot sizing according to your trading strategy.

2. Drawdown Management:

   • Automated Drawdown Control: Monitor drawdown levels and halt trading if a specified drawdown limit is reached. Trading resumes after a cooldown period, managing risk effectively during volatile conditions.

3. Trading Hours and Equity Control:

   • Configurable Trading Hours: Define specific trading hours to ensure the EA operates only during your preferred time window.
   • Equity Monitoring: Trade only when account equity is within a defined range, adding an additional layer of control.

4. Order Management:

   • Pending Orders: Place pending buy and sell stop orders based on the previous day’s high and low, with customizable stop loss and take profit levels to fit different strategies.
   • Trailing Stop with Activation Distance: Use a trailing stop that activates after the price moves a specified distance, helping to lock in profits while minimizing losses.

5. Real-Time Trade Monitoring:

   • Equity Tracking: Continuously monitor account equity to ensure trades are placed under favorable conditions.
   • Margin Check: Verify sufficient margin before placing trades, avoiding unnecessary trade rejections.
   • Volume Validation: Ensure trade volume complies with the broker’s minimum and maximum lot size requirements.

New Features in Gold4L Clover Pro 1.5:

• Enhanced Drawdown Control: Includes an automated drawdown control feature that stops trading when the drawdown limit is reached and resumes after a cooldown period.
• Improved Trailing Stop: The trailing stop logic now includes a customizable activation distance, allowing better control over trade exits.
• Advanced Lot Size Calculation: Supports both fixed lot sizes and risk percentage-based sizing, ensuring trades are appropriately sized based on your account’s risk tolerance.
• Equity and Time Range Filters: Additional filters ensure trades are only placed within the defined equity range and trading hours, offering greater control over trading conditions.

Recommended Parameters:

• MinEquity: 10.0
• MaxEquity: 100,000.0
• LotSize: 0.02 (or use risk percentage-based sizing)
• StartHour: 0
• EndHour: 23
• TakeProfitPoints: 1000
• TrailingStopPoints: 10
• TrailingDistancePoints: 20
• NumberOfTrades: 2
• RiskPercentage: 2.0%
• UseRiskPercentage: True
• EnableDrawdownControl: True
• MaxDrawdownPercent: 2.0%
• MagicNumber: 171456

Benefits:

• Risk Management: Combines drawdown control, flexible lot sizing, and equity range filters to help manage risk effectively.
• Customization: A wide range of customizable parameters allows the EA to be tailored to fit various trading styles and strategies.
• Automation: Automates complex trading tasks, enabling you to focus on strategy refinement rather than manual trade execution.
• Versatility: Whether your trading approach is conservative or aggressive, the EA’s features can be adjusted to suit your needs.

Requirements:

• Account Type: Compatible with any broker, but optimal performance is achieved with ECN or raw spread accounts.
• Broker Compatibility: Best suited for brokers offering ECN or raw spread accounts.
• Trading Platform: MetaTrader 5 (MT5).

Disclaimer:

Trading involves significant risk, and it is essential to understand these risks before using this EA. Please test the EA on a demo account before deploying it on a live account. Past performance is not indicative of future results.

Support and Updates:

Gold4L Clover Pro 1.5 comes with regular updates to ensure it adapts to changing market conditions and maintains optimal performance. For inquiries, assistance, or feedback, please reach out via the MQL5 community.