Somewhere I gathered that v1.3 is only going to take long trade. Personally I would broadly categorize it as "trend following scalp" for longs. V4 - personally I would categorize as range breakout where go long above a price level and go short below certain level, so v4 will go both directions I cannot comment on other questions since I keeps getting errors on 1.3 back test for some reason and I am a noob haven't seen the situations.

You need to set the %risk that dictate your order size. The initial deposit and leverage ratio it's your account size and broker you use.

https://www.skool.com/elitesignals/v4-settings-for-xauusd-that-i-have-been-using?p=7dc9cef0 PLEASE, PLEASE do your own back test. I ran through the optimization and picked the best option that I see. Due to spread difference of different broker, it may or may not work for you 100%.. These setting works for OX cash account so far and UrFx prop challenge account.

I am currently working on settings for Prop firm specifically.. stay tuned.

Urfx seems like the only firm allows US traders to use MT5 and their drawdown rules are relatively more generous than others. They are newer player, so I don't know too much.

Hey man, here is my set file and back test results. I have risk set at 1.25%, currently running on OX against my cash account. Once I run a little bit, I am thinking to get it running against a prop account. Right now the draw down is around 8.5%, although it is perhaps misleading with certain firms with trailing drawdowns. Any suggestions from the community is appreciated. Please test against your own broker.