Gold Vector Strategy: Complete setup and usage guide

Welcome to the world of the GOLD VECTOR Expert Advisor!

This guide details the EA's installation, settings, and functionality, ensuring you run the strategy with optimal effectiveness.

The setup is exceptionally easy! The default settings are already perfectly adequate in most scenarios. The most important step is adjusting the lot size or the risked percentage to align with your personal money management requirements.

Stay informed about the latest updates, live performance results, and current discounts for the EA on our The Automated Edge MQL5 Channel.

Product Link: GOLD VECTOR STRATEGY on the Market - CLICK HERE

Recommended .set File for Standard Brokers

I have prepared a specialized configuration ( Gold Vector - Standard Broker.set file) designed for brokers that may have slightly higher than average spreads or are prone to widening spreads during news events and overnight sessions.

This configuration differs from the default settings in the following ways:

• Spread Filter:  ON (Protects your entry from sudden spread widening).

• News Filter:  ON (Avoids entering trades during high-impact volatility).

• Trailing Stop:  Widened (Gives the trade more room to breathe on accounts with higher costs).

⚠️ CRITICAL WARNING: While this file helps with moderate spreads, please note that if your broker's spread is consistently above  30 points (3 pips) during normal market hours, your account type is  unsuitable for this strategy. In that case, you must switch to a RAW or ECN account for the EA to be profitable.

I. Installation and environmental requirements

  The Gold Vector Strategy is an MQL5 product that requires the correct environment for optimal performance:

• Instrument: XAUUSD (Gold).
• Timeframe: Any (The strategy's core logic is  independent of the chart timeframe).
• Account Type: ECN or RAW Spread account is  highly recommended (Low spread is essential for breakout entries).
• Environment: Fast and Reliable VPS (Crucial for minimizing latency and execution time).
• Minimum Deposit:
• $50 (with 1:500 leverage).
• $500 (with 1:20 leverage).
  (Note: Lower leverage requires higher margin, but your absolute risk remains controlled by the Risk Percentage setting!)

II. Detailed settings explanation

1. Risk & Size

This is the most critical section for protecting your capital.

• Use Risk % Lot Sizing:
• Explanation: If  enabled, the EA automatically calculates the lot size based on Risk Percentage and Stop Loss (SL). If  disabled, the Fixed Lot Size will apply.
• Risk Percentage (%):
• Explanation: The percentage of your account balance that is risked on each new trade. (e.g., 1.0 = 1% risk).
• Fixed Lot Size:
• Explanation: The fixed lot size used by the EA if risk-based calculation is disabled.
• Stop Loss (Points):
• Explanation: The maximum loss for the position, measured in Points. This value is crucial for the Risk Percentage calculation!
• Take Profit (Points):
• Explanation: The target profit for the position, measured in Points.

2. Management

• Trailing Distance (Points):
• Explanation: Once the Trailing Start profit is reached, this distance will follow the position as a protective Stop Loss.
• Trailing Start (Points Profit):
• Explanation: The profit threshold (in Points) after which the Trailing Stop mechanism is activated.
• Trailing Step (Points):
  
• Explanation: The minimum increment (in Points) by which the price must move in your favor before the Stop Loss is updated. A small value (e.g., 2–5)  reduces log file size and server load without affecting performance.
  
• Use Max Drawdown Protection / Max Total DD %:
• Explanation: Acts as a hard safety stop for your trading session. It calculates the loss relative to the Initial Equity recorded when the EA was first attached to the chart (or when the terminal was restarted). Example: If you start with $1,000 and set Max DD to 10%, the EA will stop trading if Equity drops to $900. It is a static limit based on the starting capital, not a trailing drawdown from the highest profit peak.
• Use Daily Drawdown Protection / Max Daily DD %:
• Explanation: Protects your daily profits and limits daily losses. It calculates the drawdown relative to the Equity at the start of the day (00:00 Broker Time). Example: If the day starts with $1,000 and you set Daily DD to 3%, the EA will stop trading for the rest of the day if Equity drops to $970, regardless of previous days' results.
• Minimum Account Balance:
• Explanation: The EA will cease trading if the account balance drops below this specified level.

3. Time settings

• Use Auto GMT Offset:
• Explanation: Recommended to keep as True! The EA automatically calculates and adjusts for your broker's timezone (including DST) to ensure the strategy runs at the correct market time. This feature only works in live trading.
• ⚠️CRITICAL FOR BACKTESTING: The strategy is optimized for GMT+2/3 DST broker server time. If your broker's server time differs from this standard, you must manually set the correct hour difference using the Manual Hour Shift setting to ensure accurate backtest results.
• Manual Hour Shift:
• Explanation: If Auto Time is disabled, you can manually  offset the strategy's trading schedule (Entry and Order Expiration) by +/- hours to match your broker's server time.
• Trade Mon/Tue/Wed/Thu/Fri:
• Explanation: Enable or disable trading on specific days of the week.

4. Filters (spread & news)

• Enable Spread Filter (Parking):
• Explanation: Activates the EA's stealth mechanism: in case of extreme spread, pending orders are shifted (parked) and then automatically restored to the normal entry level when the spread normalizes.
• CRITICAL WARNING: Do not modify EA settings while there are active Pending Orders! Changing settings resets the EA's internal memory. If an order is currently "parked" (shifted away due to high spread), the EA will lose track of this status after a setting change and will not restore the order to the correct entry price. Always manually delete all Pending Orders before changing any input parameters!
• Max Spread (Points):
• Explanation: The maximum spread (in points) the robot is willing to trade with.
• Enable News Filter / Currency to watch (e.g. USD):
• Explanation: The EA uses the built-in MT5 Calendar to pause trading before and after high-impact events for the specified currency.  This feature only works in live trading and does not function in the Strategy Tester.
• Mins Before News / Mins After News:
• Explanation: The number of minutes before and after a news event that the EA will remain paused.