Settings Guide
Configure GOLDENEDGE AI for optimal performance
General Settings
License Key
Enter your unique license key provided after purchase. This key is required for the EA to function.
Magic Number
Unique identifier for trades opened by this EA. Default: 123456. Change if running multiple EAs on the same account.
Comment
Trade comment that appears in your trade history. Useful for tracking and analysis.
Risk Management Settings
Risk Per Trade (%)
Percentage of account balance to risk per trade. Default is 1% with dynamic reduction after consecutive losses.
Reward Per Trade (%)
Target reward configuration aligned with the strategy objective. With 1% risk, default target is calibrated around a 1:20 risk-reward profile.
Daily Loss Limit (%)
Maximum daily loss percentage. EA stops trading for the day after reaching this limit.
Max Trades at Once
Maximum number of simultaneous open positions. Set to 1 for single position trading (recommended).
Max Trades Per Day
Limits total entries per day to prevent overtrading and maintain selectivity.
Trading Settings
Trading Symbol
Trading instrument. The EA is optimized for XAUUSD (Gold). Do not change unless specifically required.
Timeframe
Execution timeframe for chart attachment. Internal logic still uses multi-timeframe checks (H1 + M15 + M5).
Allow Live Trading
Enable this checkbox to allow the EA to open real trades. Uncheck for testing or demo mode.
Safety Filters
Spread Filter
Blocks entries when spread exceeds acceptable execution thresholds.
Trading Session Window
Trading is focused on active market hours (London-New York overlap period) for better structure and liquidity.
Friday Trading
Friday trading is disabled to reduce end-of-week instability and weekend gap exposure.
Loss Cooldown
Enforces a cooldown period after losing trades before the EA can open new positions.
Technical Indicators Settings
EMA Trend (H1)
Primary trend filter used on H1 to define directional bias.
EMA Setup (M15)
Setup confirmation EMA used with candle quality checks on M15.
EMA Entry (M5)
Entry timing EMAs used on M5 for pullback continuation confirmations.
ATR Period
Volatility filter period used to reject low-quality or unstable conditions.
ADX Period
Trend-strength filter period used to avoid weak directional environments.
Recommended Settings for Prop Firms
- Risk Per Trade: 0.5% - 1% for evaluation stability
- Daily Loss Limit: Keep near 1.1% for strict downside control
- Max Trades: 1 (single position trading is safer for prop firms)
- Spread / ATR / ADX Filters: Keep enabled to avoid low-quality trades
- Session Rule: Trade only in active London-New York window
- Magic Number: Use unique number if running other EAs
Settings Tips
- Always test new settings on a demo account first
- Start with default settings and adjust gradually
- Never risk more than you can afford to lose
- Ensure settings comply with your broker's and prop firm's rules
- Monitor performance after changing settings
- Keep a record of your settings for reference
Need Help?
For questions about settings configuration, contact support at info@goldenedge.ai.