Edge Gold Trigger

Risk Management

Edge Gold Trigger provides multiple position-sizing methods so users can choose how aggressively capital is deployed:

• Fixed Lot: Uses a constant lot size for every trade.
• Risk per Trade (%): Calculates position size based on the selected percentage risk for each trade.
• Capital per 0.01 Lot: Scales lot size according to the amount of strategy capital allocated for each 0.01 lot.
• Strategy Capital Allocation: Allows only a selected percentage of account capital to be considered by the EA for position sizing.
• Daily Drawdown Limit: Optional daily loss protection, no trades initiated till end of trading day once limit is hit; setting the value to 0 disables this filter.

All trades are opened with protective stop-loss logic, while margin, volume and broker trading constraints are checked before execution.

Inputs

Edge Gold Trigger keeps the user configuration intentionally simple, with only the essential controls exposed:

• Strategy Capital Allocation (%) — Defines the percentage of account capital allocated to the EA for position sizing.
• Lot Sizing Mode — Selects between Fixed Lot, Risk per Trade (%), and Capital per 0.01 Lot sizing methods.
• Fixed Lot — Lot size used when Fixed Lot mode is selected.
• Risk per Trade (%) — Percentage of allocated strategy capital risked per trade when Risk mode is selected.
• Capital per 0.01 Lot — Determines how much allocated strategy capital corresponds to each 0.01 lot when capital-based sizing is selected.
• Daily DD Limit (%) — Optional daily drawdown protection. Set to 0 to disable.
• Unique Magic Number — Identifies trades belonging to this EA. Use a different value for each independent instance.
• Enable Dashboard — Shows or hides the on-chart Edge Gold Trigger dashboard. Disable dashboard for faster backtesting. 

Installation and Backtesting

For live use, attach Edge Gold Trigger to an XAUUSD M1 chart, enable Algo Trading, select the required lot-sizing mode and risk parameters, and assign a unique Magic Number for each independent EA instance. The dashboard may be enabled or disabled without affecting the trading logic.

To reproduce the published Strategy Tester results, use the following configuration:

• Symbol: XAUUSD
• Timeframe: M1
• Modelling: Every tick based on real ticks
• Execution delay: Zero latency / ideal execution
• Forward testing: No
• Optimization: Disabled
• Leverage: 1:100
• Test period: Use the exact periods shown in the published screenshots
• Fixed Lot test: $100 initial deposit, Fixed Lot mode, 0.01 lot
• Capital Scaling test: $500 initial deposit, 0.01 lot per $100 of strategy capital
• Risk-Based test: $500 initial deposit, 2% risk per trade

Broker data, spreads and execution conditions can cause results to differ from the published tests.