Chefs Gold V7 EA MT4 Source Code– Input Settings Explanation

Chefs Gold V7 EA MT4 Source Code is a Gold-focused automated trading system developed specifically for XAUUSD, with structured risk control and internally optimized logic. The EA offers flexible inputs while keeping its core strategy protected inside the source code.

1. Trade Identification

• Magic Number
  A unique identifier that ensures Chef’s Gold EA manages only its own trades and does not interfere with other EAs or manual positions.

2. Lot & Risk Management

• Fixed Lot Size
  Allows traders to manually define a stable and predictable lot size.
• Internal Risk Logic
  The EA manages exposure internally to avoid excessive drawdown during high Gold volatility.

This makes the EA suitable for conservative and balanced trading styles.

3. Trade Direction Control

• Buy Trades Enable / Disable
• Sell Trades Enable / Disable

Provides flexibility to trade only one direction if required.

4. Stop Loss & Take Profit

• Optimized Stop Loss
  Designed to protect capital against sudden Gold price spikes.
• Dynamic Take Profit
  Targets realistic Gold price movements instead of aggressive profit expectations.

Every trade is executed with predefined exit rules.

5. Execution Filters

• Spread Filter
  Prevents trading during widened spreads common in Gold markets.
• Slippage Control
  Improves execution accuracy during fast price movement.

6. Time & Session Filters

• Trading Hour Control
  Restricts trading to high-liquidity Gold sessions.
• Optional Day Filters
  Helps avoid unstable or low-volume market periods.

Strategy Overview (How Chef’s Gold EA Trades)

Chef’s Gold EA MT4 v7 uses a price-action and momentum-based Gold trading strategy:

• Trades XAUUSD only
• Identifies high-probability Gold entry zones
• Executes trades with strict stop loss and take profit
• No martingale
• No grid
• No aggressive recovery logic

The strategy is built for precision, discipline, and capital safety.

Performance & Trading Behavior

Chef’s Gold EA  is designed for stable, long-term Gold trading, not risky account flipping.

Performance Characteristics

• Medium trade frequency
• Short to medium trade duration
• Smooth equity behavior under proper risk settings
• Optimized for volatile Gold market conditions

Risk Profile

• Defined risk per trade
• No lot multiplication
• Suitable for small to medium accounts
• Can be used in prop-firm-style environments with conservative settings

Recommended Usage

• Symbol: XAUUSD (Gold)
• Timeframes: M15 – H1
• Account Type: ECN / Low-spread broker
• Leverage: 1:100 or higher
• Minimum Balance: $200+ (recommended)

Chefs Gold V7 EA  Conclusion

Chef’s Gold EA  is a professional Gold-only automated trading EA built for traders who prioritize risk control, structured execution, and consistent performance. With clean logic and no dangerous recovery systems, it is ideal for disciplined long-term Gold trading.