Description

MorFX Gold Digger A EA – Input Settings Explanation

MorFX Gold Digger A EA is a high-frequency scalping Expert Advisor primarily optimized for Gold (XAUUSD) and fast markets. Its inputs are designed to balance aggressive profit capture with configurable risk control.

1. Market & Timeframe Settings

• Currency
  Supports all symbols, especially Gold (XAUUSD).
• Recommended Timeframes
  M1 & M5 for fast execution and scalping efficiency.
• MTType
  Defines order execution logic for the broker environment.

2. Trade Logic Controls

• UseClose (true/false)
  Enables closing logic for managing exits.
• UseAdd (true)
  Allows adding positions when market moves against the initial trade (grid-style behavior).
• DoubleUp (1.1)
  Controls lot size increment for additional trades.
  Low multiplier → controlled exposure (not aggressive martingale).

3. Lot & Risk Management

• Initial Lot Size (0.01)
  Starting lot size for the first trade.
• LotsDigits
  Precision control for lot calculation.
• MaxTrades (45)
  Maximum number of trades allowed in a cycle.
• PipStep (6.0)
  Distance between grid orders in pips.

These parameters define how the EA builds positions and manages recovery during adverse price movement.

4. Profit Target

• Take Profit (60 pips)
  Global profit target designed for scalping and fast market exits.

5. Equity & Safety Controls

• UseEquityStop (false)
  Option to close all trades once a defined equity loss is reached.
• TotalEquityRisk (20%)
  Maximum allowed equity exposure when equity stop is enabled.

This provides an additional layer of account protection.

6. Trade Management Features

• UseTrailingStop (false)
  Optional trailing stop logic for dynamic profit locking.
• UseTimeOut (false)
  Optional time-based trade closure.
• MaxTradeOpenHours
  Limits how long trades can remain open.

7. Trading Time Filter

• GMT Offset (2)
  Adjusts trading session based on broker time.
• Begin Hour / End Hour (0 – 21)
  Restricts trading to active market hours for better liquidity.

8. Execution Settings

• Slippage (3.0)
  Controls maximum allowed slippage during execution.
• Magic Number
  Unique identifier to manage EA trades independently.

Strategy Overview (How It Trades)

MorFX Gold Digger A+ uses a scalping + controlled grid recovery strategy:

• Opens initial positions based on short-term market movement
• Adds positions at fixed pip intervals (PipStep)
• Uses small lot increments (DoubleUp 1.1)
• Closes the full basket at a predefined take-profit level
• Designed to capitalize on Gold volatility and price retracements

This strategy is effective in ranging and volatile conditions, especially on XAUUSD.

Performance & Risk Explanation

MorFX Gold Digger A+ focuses on fast profit cycles, not long-term single trades.

Performance Characteristics

• High trade frequency on M1–M5
• Short average trade duration
• Frequent basket closures
• Consistent profit capture during active sessions

Risk Profile

• Grid-based strategy (not suitable for very small balances)
• Risk increases if market trends strongly without retracement
• Best used with:
  • Proper capital
  • Conservative lot sizing
  • Equity protection enabled for safety

Recommended Usage

• Symbol: XAUUSD (Gold)
• Timeframe: M1 / M5
• Account Type: ECN / Low spread
• Leverage: 1:200 or higher
• Minimum Balance: Medium to high (not for micro accounts)

Conclusion

MorFX Gold Digger A+ is a powerful Gold scalping EA built for traders who understand volatility and recovery-based systems. With configurable risk controls, time filters, and equity protection, it offers strong profit potential when used responsibly under proper conditions.