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ABUTRADER EA MT4 – Full Input Settings Analysis
AbuTrader EA is a multi-strategy trading system specifically designed for the Forex market. It incorporates trend following, mean reversion, and break-out strategies to fit different market scenarios and take advantage of assorted trading opportunities. The EA targets consistent monthly returns of 2-4%, using an AI-based hedge strategy to achieve a well-balanced risk profile. In contrast to martingale or hedging systems, AbuTrader EA works as a scalper with a focus on making gains in short time frames. It uses sophisticated algorithms for identifying trends and optimal entry points, trading in full automation to liberate manual trading tasks.
- General Information:
- Magic Number: 9999 – To distinguish EA trades from others.
- PassValidation: false – Validation check is disabled.
- Strategy Type: S2_Impulse_Catcher – To catch market impulses.
- RSI-Based Strategy:
- RSI Period: 14
- RSI Source: Close price
- OverBought / OverSold: 25 / 75 – Reversed logic (buy overbought, sell oversold).
- Risk & Lot Management:
- AutoRisk: true
- AutoLot: Low_Risk
- Custom Risk: 0.1 (10%) – If not in auto mode
- Manual Lot: 0.01 – Fixed lot if AutoLot is off
- Lot Increase Type: Martingale – Grows lot after losing
- Multiplier: 1.4 – Multiplies lot size in Martingale sequence.
Order management, trailing stops and profit targets
- Trailing Stop Settings:
- TrailingStop: 10,000 – Extremely high, practically disabled.
- MartyTrailing_Stop: 10.0
- MartyTrailing_Start: 5.0
- Trailing_Stop (Single): 20.0
- Trailing_Step: 1.0 – Trailing stop increases in 1-pip increments.
- TrailingStop: 10,000 – Extremely high, practically disabled.
- Daily Profit/Loss Control:
- DailyTargetType: Daily Target %
- DailyTarget: 1000.0 – Unit unspecified (perhaps pips or balance %)
- DailyLoss: 1000.0 – Maximum loss for day before closing.
- TargetProfit: 20,000.0 – Probably in currency or points.
- DailyTargetType: Daily Target %
- Take Profit & Stop Loss Settings:
- TP_Type: Balance %
- TP %: 0.05 – 5% of account balance
- SL_Type: Balance %
- SL %: 0.0 – Stop loss not based on balance
- TakeProfit: 125.0 pips
- StopLoss: 30.0 pips
- TP_Type: Balance %
Other settings & customization by indicator
- Trading Session & Capital Management
- DrawdownStop: 100.0 – Stop trading when account drawdown is 100%.
- MaxOrders: 10 – Quantity of open trades.
- MaxLots: 20.0 – Active trades combined lot size limit.
- Max Spread: 500 – Large spread limit, suitable for market orders in highly volatile pairs.
- Slippage Control: 600 – Large slippage tolerance, accepts execution in spite of fast price movement.
- DrawdownStop: 100.0 – Stop trading when account drawdown is 100%.
- Trade Direction
- DirectionType: BuySell – EA is capable of executing buy and sell trades.
- DirectionType: BuySell – EA is capable of executing buy and sell trades.
- Automation by Indicator Signal
- Indicator Name: SanityArrow – Personal indicator to place trade entries.
- Buy Buffer: 0 – Buy entry buffer number of the signal.
- Sell Buffer: 1 – Sell entry buffer number of the signal.
- Order After Specific Bar: 1 – Trades are placed one candle after the formation of the signal.
- Indicator Name: SanityArrow – Personal indicator to place trade entries.
- Martingale Mode
- Classic Martingale: wrong – It uses a proprietary Martingale algorithm instead of a simple doubling method.
Key Takeaways
- Versatile Trading Strategy: Combines trend-following, mean reversion, and breakout strategies to adjust to different market environments.
- Consistent Monthly Returns: Targets 2-4% monthly returns with an emphasis on a well-diversified risk profile.
Scalping Method: Focuses on acquiring profits quickly in short time frames, unlike martingale or hedging techniques. - Advanced Algorithms: Uses sophisticated algorithms to determine trends and best points of entry accurately.
Fully Automated: Automatically executes trades with no human involvement, making trading more convenient and efficient.