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Ultra Power Gold - Guide & Set Files

20 April 2025, 15:46
Sivakumar Paul Suyambu
Sivakumar Paul Suyambu
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Product Link: https://www.mql5.com/en/market/product/132335

1. 📌 Information

  • Welcome:
    Wishing you Limitless Success and abundant Wealth in your Algo

  • Note:
    Works best on Gold (XAUUSD) in the 30 Minutes timeframe. It also work for US30.

2. 📊 Risk Management

These settings define how much of your capital is at risk for each trade.

  • Risk percentage of account balance per trade
    (Default: 4.8)
    Defines how much % of your account will be risked on a single trade. For example, if account balance is $1000, and risk is 4.8%, the max loss will be ~$48.

  • Initial stop loss as a percentage of the entry price
    (Default: 0.9)
    Sets stop loss relative to entry price. A value of 0.9 means SL is 0.9% away from the entry.

  • Max number of orders to open
    (Default: 1)
    Limits how many positions can be opened simultaneously.

3. ⚙️ Trading Settings

These values control the EA’s reward structure and trailing logic.

  • Risk-reward ratio (e.g., 1:2)
    (Default: 2)
    If SL is 10 pips, TP is set at 20 pips.

  • Trailing stop offset as a percentage
    (Default: 0.5)
    Trailing Stop will activate with a 0.5% gap once in profit.

  • Profit threshold as a percentage of entry
    (Default: 0.2)
    This is the minimum required gain before trailing or break-even logic activates.

  • Magic Number
    (Default: 100001)
    Unique ID used by MT5 to identify EA trades.

  • Comment
    (Default: MY ROBOT)
    Trade comment visible in the terminal.

4. 📈 AMA Indicator Settings

Used to generate the trading signals.

  • AMA_Period
    (Default: 54)
    Controls the smoothing of the Adaptive Moving Average.

  • Fast_EMA / Slow_EMA
    (Defaults: 86 / 96)
    Used in combination with AMA for signal confirmation.

  • MA_Shift
    (Default: 21)
    Defines the bar offset for calculation.

  • Applied_Price
    (Default: Close Price)
    Can be changed to other options like Open, High, Low, Weighted Price.

5. ⏰ Trading Hours

You can restrict EA to trade only during specific market hours.

  • US Session Start Hour (Server Time)
    US Session End Hour (Server Time)

🕒Note: All the times given in the setfiles are based on GMT+0 by default.

However, since your broker’s server time may differ, you must adjust the input parameters accordingly.
For example, if your broker’s server time is GMT+2, then the parameters
USSessionStartUTC and USSessionEndUTC should be shifted by +2 hours (i.e. adding 2 hours) to align with the broker’s time.
Always convert from GMT+0 to your broker’s actual server offset when setting these times.

Examples of Time Adjustment

Assume the setfile gives:

  • USSessionStartUTC = 11:00 (i.e. 11:00 GMT)

  • USSessionEndUTC = 18:00 (i.e. 18:00 GMT)

Broker server time = GMT+2

  • You add 2 hours:

    • USSessionStartUTC = 11:00 + 2h = 13:00 (broker server time)

    • USSessionEndUTC = 18:00 + 2h = 20:00 (broker server time)

Tips for Better Use

  • Run tests using MT5 Strategy Tester.

  • Try different risk settings with different currency/gold/index/bitcoin etc....

  • Start with demo account before live trading.

SET Files Attached.


#Ultra Power Gold