Get the Most Out of the Golden Nights Professional – Settings, Ideas, and FAQs – Buying and selling Methods – 8 April 2025

EA Settings and Configuration Information

On this part, I’ll present an in depth overview of all of the parameters of the EA and the right way to set them for optimum efficiency. In case you are new to utilizing the EA or need to fine-tune the settings, this information will help you.

Golden Nights MT5

Golden Nights MT4

EA Parameters:

1. EA_Name – This identify seems within the commerce notes.
2. Show_Info_Panel – Permits or disables the information panels displaying account information and key settings.
3. Stop_Loss & Take_Profit – Set the cease loss (SL) and take revenue (TP) in pips.
4. Trailing_Stop – Permits or disables the trailing cease.
5. Trailing_Stop_Start – Set the pip worth at which the trailing cease will begin working.
6. Trailing_Stop_Distance – Set the pip distance at which the trailing cease will comply with the worth.
7. Start_Time_Hour & Start_Time_Minute – The beginning time of the commerce, in hours and minutes.
8. Spread_Filter – Permits or disables the unfold filter.
9. Max_Spread – The utmost allowed unfold, past which no trades will probably be opened.
10. Fixed_Lot – Set a hard and fast lot measurement (works provided that the auto lot perform is disabled).
11. Use_Auto_Lot – Permits the auto lot perform, which calculates the danger as a proportion of the fairness.
12. Risk_Percentage_Per_Trade – Set the danger per commerce as a proportion of the fairness.
13. Recovery_Mode – Permits or disables the restoration mode.
14. Lot_Multiplier_After_Loss – Multiplies the lot measurement by this worth after a loss.
15. Reset_After_N_Losses – Resets the lot measurement after the required variety of consecutive losses.
16. Reset_After_N_Profits – Resets the lot measurement after the required variety of consecutive wins.
17. Trade_On_Monday – Permits or disables buying and selling on particular days of the week.
18. Magic Quantity – The distinctive identifier for the EA. Helps make sure the EA solely manages its personal trades.

Examine if the Dealer’s Server Time Matches the Default Settings:

1. Proper-click on the Gold image within the Watchlist.
2. Choose Specs.
3. Scroll all the way down to the Buying and selling Hours part.
4. Examine the market shut time. Whether it is 23:59, no adjustment is required.
5. If, for instance, the market shut time is 20:59, set the Begin Time to twenty:00.

I’ve created an indicator that robotically determines the advisable buying and selling time, and I’ve hooked up it right here:

Indicator MT5

Indicator MT4

Really useful Danger Settings:

• Conservative: 2-3% danger per commerce.
• Aggressive: Max 10% danger per commerce (with out Restoration Mode).

My Settings:

• Excessive-Danger Account: 15% danger per commerce, all different settings are default.
• Medium-Danger Account: 3% danger per commerce with Restoration Mode enabled. On this mode, if a commerce leads to a loss, the following commerce will use rather a lot measurement multiplied by 5 (solely as soon as) to get better the loss. This considerably will increase the danger: two consecutive shedding trades would end in a lack of roughly 3% + (3% × 5) = 18%. Nevertheless, the likelihood of two losses in a row could be very low primarily based on historic efficiency.

Prop Agency Settings:
Since every prop agency has its personal guidelines, ensure that the EA complies with these. If many customers use the identical technique, the account could also be banned, so some settings should be minimally adjusted:

• EA Identify (as seen within the feedback).
• Magic Quantity.
• Set the danger per commerce between 0.5% and three% to adjust to the prop agency’s day by day drawdown restrict.
• SL and TP slight adjustment: In case you are utilizing a trailing cease, you’ll be able to alter the TP freely so long as it’s bigger than the trailing cease worth. You can even modify the trailing cease values by half or 1 pip.
• Commerce Time adjustment (±1-2 minutes). Be cautious, as these adjustments can have an effect on the outcomes.
• Some prop corporations prohibit protecting trades open over the weekend. In such circumstances, buying and selling on Friday have to be disabled.

Particular Dealer Suggestion (for brokers that elevate spreads at evening, e.g., XM):
If the unfold will increase at evening, disable the trailing cease as it could negatively affect efficiency. Set the TP to 26 pips, which has given good outcomes for me.

Continuously Requested Questions (FAQ)

Beneath you will discover a abstract of probably the most steadily requested questions in regards to the Golden Nights EA. This record is up to date usually.

Which period body ought to I take advantage of?
The EA works identically throughout all timeframes. It isn’t timeframe dependent.

Does it work on indices or different devices?
No. The EA is particularly optimized for gold. In case you want to attempt it on one thing else, you should backtest and optimize settings your self, and solely use it if outcomes are promising.

Can I commerce at totally different occasions or open a number of trades per day?
No. Buying and selling at different occasions might scale back profitability or end in losses. The EA is designed to open just one commerce per day, and solely one place at a time — to keep up danger management.

Why does it solely place Purchase orders?
The technique exploits typical value patterns earlier than the gold market closes, which often present an uptrend or consolidation. In recent times, gold has been in a robust bullish development, supported by financial and geopolitical elements, and continues to be.

Is the swap hurting outcomes?
Sure, it has some impact, however most trades shut earlier than the market closes.
Ideas:
– Use a swap-free account
– Disable buying and selling on Wednesdays to keep away from 3x swap costs.

What about excessive nighttime spreads?
Some brokers enhance unfold at market shut/open. Really useful settings:
– Trailing Cease: OFF
– TP: 26 factors
This works nicely on brokers like XM.

Does the EA use martingale or grid?
No. Neither technique is used.
Nevertheless, there’s an optionally available “Restoration Mode” that will increase lot measurement after a loss. It’s totally customizable and may be disabled.

Why is the risk-reward ratio low?
True, the RR is low, however that is compensated by the excessive win price (~96%) in response to backtests. Lengthy-term outcomes stay worthwhile.

Can I modify SL/TP to enhance RR?
Not advisable, as it might probably hurt efficiency and even trigger losses. In case you insist, ensure that to backtest completely earlier than going dwell.

Can I take advantage of this EA for prop agency challenges?
Theoretically sure, however every agency has totally different guidelines. No ensures towards bans, particularly if many customers make use of the identical EA. At all times verify the agency’s circumstances first.

Really useful Brokers and VPS for Utilizing the EA

I’d wish to share my private expertise with the brokers I’ve been utilizing, which have been performing excellently with the EA. Each brokers provide swap-free accounts and have low charges, making them an ideal selection for working the EA successfully.

XM 

XMGlobal for European Shoppers with buying and selling leverage 1:500 

Doo Prime

Moreover, for the most effective EA efficiency, a dependable VPS is essential. Whereas you should use MetaTrader’s VPS service, I additionally advocate ForexVPS as a wonderful different. Listed here are some benefits of utilizing ForexVPS:

• Low Latency: Ensures quick execution occasions, crucial for automated buying and selling.
• 24/7 Uptime: Your EA runs continuous with out interruptions.
• Quick Assist: Fast response occasions for troubleshooting or setup help.
• Specialised for Buying and selling: Optimized for working MetaTrader and different buying and selling platforms.

ForexVPS

That mentioned, this EA ought to work nicely with different brokers too.

Remember the fact that low spreads, good buyer assist, and swap-free accounts are important for maximizing the efficiency of your EA.