Neo Gold Manual Guide

This manual explains how to configure and use the Neo Gold Expert Advisor (EA) on MetaTrader 5. Each section describes the purpose of the settings and how they affect trading behavior.

1. Trade Comments

Purpose:
Allows you to assign a custom comment to all trades opened by Neo Gold EA. This helps distinguish its trades from those placed manually or by other EAs.

Default Value:
Neo Gold MT5

2. Manage Open Positions

These settings control how the EA manages existing and pending trades.

• Period in Bars
  Specifies how many historical candles (bars) the EA analyzes when making trading decisions.

• Pending Expiration (minutes, 0 = OFF)
  Determines how long a pending order remains active before it is automatically deleted.
  Set to 0 to disable expiration.

• Maximum Pending Orders (One Side)
  Limits the number of pending buy or sell orders that can be placed at the same time.

3. Lot Size Settings

These options define how the EA calculates trade volume.

• Autolot Type
  Choose how lot size is calculated:

  a) Fixed Money Size
  Lot size is calculated based on a fixed capital amount.

  Example:

  • Account Balance: $1000

  • Fixed Money Size: $200

  Lot Size = (1000 / 200) × 0.01 = 0.05

  The lot size increases by 0.01 for every $200 in balance.

  b) Fixed Lot Size
  Uses a constant lot size for every trade (e.g., 0.01).

  c) Risk Per Trade (%)
  Sets the percentage of account balance to risk per trade.
  Default: 10%

• Maximum Lots
  Sets an upper limit on the lot size to prevent excessively large trades.

4. Stop Loss & Take Profit (SL-TP) Settings

Controls how stop loss and take profit are handled.

5. Trailing Stop Settings

Automatically adjusts stop loss to protect profits.

• Trailing
  Enables or disables trailing stop functionality.

• Trailing Type

• Trailing Start (pips)
  Minimum profit (in pips) required before trailing starts.

• Trailing Step (pips)
  Distance in pips between each stop loss adjustment.

• Trailstart ($)
  Profit amount required to start trailing (money-based).

• Trailstep ($)
  Incremental trailing adjustment in money units.

6. Break-Even Settings

Moves stop loss to protect trades once a certain profit is reached.

• Break Even
  Enables or disables break-even functionality.

• Break Even Type

• Break Even Start (pips)
  Profit in pips required before break-even is activated.

• Break Even Step (pips)
  Number of pips added beyond entry price when break-even is triggered.

• Lock Start ($)
  Profit amount required to activate break-even (money-based).

• Lock Stop ($)
  Amount of profit locked once break-even is triggered.

7. News Filters

Helps avoid trading during high-impact news events.

• News Filter
  Enables or disables news-based trade protection.

• Stop Trading Before News (minutes)
  Time before a news event when the EA stops trading.

• Resume Trading After News (minutes)
  Time after the news event when trading resumes.

8. Broker Settings

Ensures trades are executed under acceptable market conditions.

• Max Spread (pips)
  Maximum spread allowed for opening a trade.

• Max Slippage (pips)
  Maximum acceptable slippage during order execution.

• Magic Number
  A unique identifier that allows the EA to manage only its own trades without interfering with other EAs.