Kiwi Gold Wave MT4

Kiwi Gold Wave MT4 is a professional automated trading system developed for MetaTrader 4 and optimized primarily for XAUUSD.

The EA combines Parabolic SAR trend detection, two-bar breakout confirmation and controlled pending-order execution with three independently managed trading strategies. Each strategy uses its own Magic Number, drawdown monitoring and position management.

Kiwi Gold Wave can automatically identify market direction, place pending stop orders and switch to market execution when a valid setup remains active for the required number of bars.

THREE TRADING STRATEGIES

Strategy 1 – Selective KMI

• Uses the original SAR and breakout entry logic

• Blocks new entries during RED market conditions

• Uses reduced lot exposure during YELLOW conditions

• Uses the full calculated lot during GREEN conditions

Strategy 2 – Full-Risk KMI

• Uses the same core SAR and breakout entry logic

• Blocks new entries during RED conditions

• Uses the full calculated lot during YELLOW and GREEN conditions

Strategy 3 – Original Entry

• Uses the original SAR and breakout entry logic

• Does not use the Kiwi Market Intelligence filter

• Can trade during RED, YELLOW and GREEN market conditions

Each strategy can be enabled or disabled independently.

ENTRY SYSTEM

The entry engine includes:

• Parabolic SAR direction analysis

• Two-bar price breakout confirmation

• Buy Stop and Sell Stop order placement

• Configurable signal timeframe

• Market-entry fallback

• Buy and Sell direction support

• Automatic pending-order refresh

• Cancellation of outdated pending orders

• Spread and slippage protection

• Broker trading-session checks

Each strategy is limited to one managed position at a time.

LOT-SIZE MANAGEMENT

Kiwi Gold Wave MT4 supports two lot-sizing methods:

Fixed Lot

The EA trades using the lot size selected by the user.

Fixed Lot per Balance

The lot size automatically adjusts according to the account balance and the selected balance reference.

For example, using 0.01 lot with a balance reference of 1,000 means the EA calculates approximately 0.01 lot for every 1,000 of account balance, subject to the broker’s minimum lot, maximum lot and lot-step requirements.

An optional recovery multiplier is also available and is disabled by default.

TRADE MANAGEMENT

Every strategy manages its own trades independently using its assigned Magic Number.

Available trade-management features include:

• Broker-side initial safety stop

• Automatic stop-loss watchdog

• Trailing-stop management

• Position filtering by symbol and Magic Number

• Broker stop-level and freeze-level protection

• Safe order-closing checks

• Automatic volume normalization

• Free-margin verification before every entry

The safety watchdog checks managed positions and attempts to restore the protective stop if a position is found without one.

DRAWDOWN PROTECTION

Kiwi Gold Wave MT4 includes two protection levels.

Strategy Drawdown Protection

Each strategy has its own configurable maximum drawdown percentage. If the strategy reaches its limit, the EA closes that strategy’s managed exposure and activates its cooldown period.

Global Emergency Drawdown Protection

The master emergency protection monitors account equity. If the configured emergency drawdown level is reached, the EA can close all Kiwi Gold Wave positions and temporarily suspend new entries.

Drawdown protection cannot eliminate trading losses. Users should select settings appropriate for their account size and risk tolerance.

MARKET PROTECTION

The EA includes:

• Maximum spread filter

• Maximum slippage control

• Margin-availability checks

• Minimum free-margin reserve

• Broker minimum-lot checks

• Broker stop-distance checks

• Trading-day controls

• Session availability checks

• Pending-order safety checks

• Protection against unaffordable trade requests

These controls help the EA operate across different MT4 brokers and symbol specifications.

FAST TESTER MODE

Fast Tester Mode is enabled by default.

During non-visual Strategy Tester operation, the EA automatically avoids unnecessary chart-object processing and reuses higher-timeframe calculations where possible.

The dashboard remains available on live charts and during visual backtests.

LIVE CHART DASHBOARD

The optional on-chart interface displays important information, including:

• EA operating status

• Current symbol

• Current trading signal

• Enabled strategies

• Open positions

• Daily trades

• Daily profit or loss

• Current spread

• Account balance

• Account equity

• Drawdown status

• Market and risk conditions

The dashboard can be enabled or disabled from the EA inputs.

MAIN INPUT PARAMETERS

Strategy1 Enable – Enables or disables Strategy 1.

Strategy1 Magic – Unique Magic Number for Strategy 1.

Strategy1 MaxDDPercent – Maximum drawdown limit for Strategy 1.

Strategy2 Enable – Enables or disables Strategy 2.

Strategy2 Magic – Unique Magic Number for Strategy 2.

Strategy2 MaxDDPercent – Maximum drawdown limit for Strategy 2.

Strategy3 Enable – Enables or disables Strategy 3.

Strategy3 Magic – Unique Magic Number for Strategy 3.

Strategy3 MaxDDPercent – Maximum drawdown limit for Strategy 3.

LotMode – Selects fixed-lot or balance-based lot sizing.

Lots – Sets the base or fixed trading volume.

BalanceReference – Sets the balance amount used for automatic lot scaling.

UseRecoveryMode – Enables or disables recovery lot adjustment.

RecoveryMultiplier – Sets the recovery lot multiplier.

SignalTimeframe – Selects the timeframe used by the entry engine.

EnableSpreadProtection – Enables or disables the spread filter.

MaxSpreadForTrading – Sets the maximum permitted spread in points.

MaxSlippage – Sets the maximum permitted slippage.

EnableInitialSafetySL – Enables the initial broker-side protective stop.

InitialSafetySLPoints – Sets the safety-stop distance in broker points.

EnableSLWatchdog – Enables automatic safety-stop monitoring.

EnableGlobalEmergencyDD – Enables the master account drawdown protection.

GlobalEmergencyDDPercent – Sets the maximum account drawdown percentage.

FastTesterMode – Enables faster Strategy Tester processing.

UseChartTimeframeInTester – Uses the tested chart timeframe when the requested lower timeframe is unavailable.

ShowChartInterface – Shows or hides the live dashboard.

RECOMMENDED USE

• Platform: MetaTrader 4

• Primary symbol: XAUUSD

• Attach the EA to one chart

• Enable automated trading

• Use a unique Magic Number for every separate EA installation

• Check the broker’s Gold symbol name, spread and contract specifications

• Test the EA with the intended broker’s historical data before live use

• Begin with a demo account or conservative lot size

Trading conditions vary between brokers. Symbol suffixes, spreads, execution speed, leverage, stop levels and historical data can affect results.

IMPORTANT RISK NOTICE

Kiwi Gold Wave MT4 is an automated trading tool and does not guarantee profits.

Gold and foreign-exchange trading involve substantial risk. Historical and Strategy Tester results do not guarantee future performance. Users remain responsible for selecting suitable settings, monitoring their accounts and understanding the risks of automated trading.