Question 1

What currency pair does GoldenHour EA trade?

Accepted Answer

GoldenHour EA is specifically designed to trade XAUUSD (Gold). It focuses on scalping opportunities during key trading sessions with controlled risk management.

Question 2

Does GoldenHour EA use Martingale or Grid?

Accepted Answer

No. The EA follows a disciplined approach and does not use Martingale or Grid strategies. It focuses on single or limited position trading with strict risk control.

Question 3

What is the risk per trade?

Accepted Answer

By default, the EA risks 3% per trade. This setting can be adjusted, but it is designed to maintain responsible risk levels while trading Gold’s volatility.

Question 4

Does it have a news filter?

Accepted Answer

No. GoldenHour EA does not include a built-in news filter. Traders who want to avoid news events should manually disable the EA during high-impact news or use an external news filter.

Question 5

How does the session trading work?

Accepted Answer

The EA supports multi-session trading strategies, including Asia breakout, London reversal, and combined sessions. It uses different magic numbers to manage trades across various market sessions effectively.

Question 6

Is GoldenHour EA fully automated?

Accepted Answer

Yes. Once attached to the XAUUSD chart and configured, the EA runs completely automatically, including trade entries, stop loss, take profit, and trailing stop management.

Question 7

Is GoldenHour EA fully automated?

Accepted Answer

Yes. Once attached to the XAUUSD chart and configured, the EA runs completely automatically, including trade entries, stop loss, take profit, and trailing stop management.

Question 8

What is the typical Take Profit and Stop Loss?

Accepted Answer

By default, the EA uses a Stop Loss of 20 pips and a Profit Target of 210 pips, along with a trailing stop to lock in profits as the trade moves in the favorable direction.

Question 9

Is GoldenHour EA suitable for prop firms?

Accepted Answer

It can be suitable because it avoids dangerous methods like Martingale and Grid. However, you should adjust the risk percentage and monitor drawdown carefully to comply with prop firm rules.

GoldenHour EA MT5Premium

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