Trading Robots for MetaTrader 4
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MetaTrader 4
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Overview
GFO Oil Expert – Adaptive Averaging EA with Dynamic Profit Targeting GFO Oil Expert is a fully automated Expert Advisor designed to trade trending and ranging markets with adaptive money management and dynamic position control. Optimized for commodities like Oil, this EA offers a blend of flexibility, control, and automation for both beginner and advanced traders. EA also can be used for other pairs but you need to find the best setting for each pair by doing backtest.
The main key in trading oil by this EA, when there is no pullback at night (broker time) and you cannot get even $2 profit, the price usually go back to its normal price (it needs some days). Sometimes drawdown could be more than $400 for initial oder 0.01 lot but it is very rare and it happened once in two years. Usually Drawdown no more than $300 for first opening order 0.01 lot.
Default settings for trading Oil, look at the the descripstion below.
? Key Features:
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Smart Averaging System: Automatically scales positions with customizable distance and dynamic lot sizing.
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Session-Based Trading: Trade only within your preferred trading hours using two configurable time windows.
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Drawdown Protection: Includes dual protection mechanisms—by percentage and fixed dollar amount—to secure your equity.
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Spread Filter: Avoids opening trades during unfavorable spread conditions.
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Take Profit Management: Targets are dynamically calculated based on position size and number of entries.
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Breakeven & TP Visualization: Displays Take Profit and Breakeven levels directly on the chart for clear and intuitive monitoring.
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Multi-Timeframe Market Filtering: Advanced signal confirmation through a combination of custom logic and multi-timeframe analysis.
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Daily Range Filter: Optional filter to prevent entries during low-volatility conditions.
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Automatic Lot Calculation: Dynamically adjusts lot sizes based on account equity or use fixed lot if preferred.
? Configurable Parameters:
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Trading sessions
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Maximum drawdown and loss controls
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Lot sizing rules
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Averaging distance and multipliers
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Spread limits
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Daily range filter
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Take Profit target structure
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Stochastic settings (used internally for multi-layered analysis)
? Recommendations
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Primary Symbol: USOIL / UKOIL
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Alternative Symbols: Major Forex pairs or metals
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Timeframe: H1
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Minimum Balance: $1,000
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Leverage: 1:100 or higher
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Broker: ECN with tight spread and support for oil symbols
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Price Format: Best suited for 4-digit oil pricing
? Input Parameter Explanation
| Parameter | Default Value | Description |
|---|---|---|
| ForceTradeInTester | false | Disable forced orders in Strategy Tester. Must be false for live trading. |
| EnableSession1 | true | Enables trading during the first configurable session. |
| Session1StartTime | "01:00" | Start time for Session 1 (broker/server time). |
| Session1EndTime | "04:00" | End time for Session 1. |
| EnableSession2 | true | Enables trading during the second session. |
| Session2StartTime | "19:00" | Start time for Session 2. |
| Session2EndTime | "21:00" | End time for Session 2. |
| EnableCloseAllOnDrawdown | false | If enabled, all trades are closed when drawdown exceeds a percentage of account balance. |
| MaxDrawdownPercent | 50.0 | Maximum allowable drawdown in percent (only applies if enabled). |
| EnableCloseAllOnDrawdownDollar | true | Enables drawdown protection based on a fixed dollar loss. |
| MaxDrawdownDollar | 500.0 | Maximum allowed floating loss in dollars before all trades are closed. |
| MaxSpread | 6 | Maximum allowed spread (in points) to open trades. Helps avoid trading in high-cost conditions. |
| UseAutomaticLot | true | Enables auto lot calculation based on account equity. |
| EquityPerLot | 1000.0 | Required equity (in USD) per 0.01 lot when auto lot sizing is enabled. |
| BaseLotSize | 0.01 | Minimum or fixed lot size used when auto lot is disabled. |
| LastLotMultiplier | 2.0 | Lot multiplier for the final averaging position (increasing lot size for recovery). |
| BaseTP_Lot001 | 2.0 | Target profit in USD for 0.01 lot on the first entry. |
| MaxAveragingPositions | 5 | Maximum number of positions per trade direction (BUY/SELL). |
| InitialAveragingDistance | 50.0 | Initial distance (in points) between the first and second position. |
| DistanceMultiplier | 1.2 | Multiplier used to increase the distance for subsequent averaging positions. |
| EnableDailyRangeFilter | true | Enables filter that blocks trades if daily range is too low. |
| DailyRangeToOpenPosition | 50.0 | Minimum required daily range (in pips) to allow trade entries. |
| StochKPeriod | 5 | %K period of the Stochastic Oscillator. Used internally. |
| StochDPeriod | 3 | %D period of the Stochastic Oscillator. |
| Slowing | 3 | Smoothing factor for the Stochastic Oscillator. |
| Overbought | 80.0 | Overbought threshold level. |
| Oversold | 20.0 | Oversold threshold level. |
| Slippage | 3 | Maximum allowable slippage during order execution. |
| MagicNumber | 123456 | Unique identifier for the EA's trades to distinguish them from others. |
This EA is engineered for performance and safety, combining practical risk management with tactical trade execution. Whether you're trading manually or looking for a powerful tool to support your strategy, GFO Oil Expert is your trusted companion.
⚠️ Trade logic for position entries is based on proprietary analysis and not disclosed in this description.
