Question 1

What type of strategy does Smart Gold EA MT4 use?

Accepted Answer

Rule-based automated trading focused on XAUUSD (Gold) with risk percentage position sizing.

Question 2

What is the risk level?

Accepted Answer

Medium to High — due to the default 10% risk per trade. It is recommended to lower this value for safer trading.

Question 3

Is it suitable for beginners?

Accepted Answer

It can be used by beginners, but the 10% risk setting should be reduced significantly for safer use.

Question 4

Can I change the risk percentage?

Accepted Answer

Yes. You can adjust the Percent_Risk parameter to a lower value (e.g., 1–2%) for more conservative trading.

Question 5

How do I reduce risk?

Accepted Answer

Lower the risk percentage, use a smaller fixed lot, and keep the maximum orders at 2 or less.

Question 6

Does it use Martingale or Grid?

Accepted Answer

No. The EA strictly follows a No Grid, No Martingale policy as stated in its design.

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