Question 1

What type of strategy does Gold Axis EA use?

Accepted Answer

Price Action pattern-based trading for XAUUSD (Gold) with optional grid functionality.

Question 2

What is the risk level?

Accepted Answer

Medium — thanks to the default no-grid mode and order limitation. Risk increases if grid mode is enabled.

Question 3

Is it suitable for beginners?

Accepted Answer

It can be used by beginners while keeping Use Grid = false. More experienced traders can explore the grid option.

Question 4

Can I disable the Grid?

Accepted Answer

Yes. Grid is currently disabled by default. You can keep it off for safer, rule-based trading.

Question 5

How do I reduce risk?

Accepted Answer

Lower the risk percentage (e.g., to 1%), keep grid disabled, and maintain the maximum orders limit.

Question 6

Why is the Take Profit much larger than the Stop Loss?

Accepted Answer

The EA uses a wide profit target (9000) with a tighter stop (500), which is common in some price action strategies to allow trades more room to develop.

Gold Axis EA MT4Premium

Before You Start