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ADAM for FTMO 4 EA MT4 – Full Input Settings Analysis
ADAM for FTMO 4 EA is a MetaTrader 4 Expert Advisor, particularly tailored for FTMO and MFF prop firm trading. It is designed to trade with reliable prop firms exclusively, with preset parameters for a $100,000 challenge. It has undergone extensive testing on EURUSD and GBPUSD pairs on a 15-minute time frame and exploits specific price ranges. The strategy employs the Chande Momentum Oscillator indicator to pick the optimal times to buy. The strategy also closes all open positions and stops auto-trading right ahead of the weekend, at 12:00 GMT+3 on Fridays.
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Main configuration and trading strategy
- EAName: R4T – Custom EA name
- MagicNumber: 797 – Trade unique identifier of the EA
- Slip: 3 – Maximum slippage (in points)
- Equity_per_lot: 12000 – Opens 1 lot on each $12,000 equity
- TakeProfit: 63.0 – Take profit level (in pips)
- Stoploss: 0.0 – No fixed stop loss used
- RSI: RSI – Uses RSI indicator for entering trades
- RsiMinimum / Maximum: 30.0 / 70.0 – Overbought and oversold levels of RSI
- RandomDelay: 40 – Random delay when opening a trade (preventing double entries)
Command strategy
- MaxTrades: 21 – Number of trades throughout the series
- Max_LOT: 2.0 – Maximum allowed lot size
- LotExponent: 1.2651 – Multiplier for the following trade in the sequence
- Mult_max_lot_for_Asia: 0.5 – Reduces lot size for the Asian session
- PipStep: 0 – No pip difference between orders (trades can pile upon each other if criteria are satisfied)
- Dynamic: true – Enables dynamic adjustment based on market situations
Trailing Stop & Exit
- UseTrailingStop: false – Trailing stop turned off
- TotalTrailStart/Stop: 0.0 – No trailing start/stop levels are set
- UseEquityStop: false – Equity stop turned off
- TotalEquityRisk: 4.0 – Maximum risk as a percentage of equity (when used when equity stop is activated)
- TimeOut: true – Turns on closing of orders based by time
- TimeOutHours: 25.0 – Closes a trade after 25 hours of being open
- Close_Day/Hour: Friday / 11 – Closes trades on Friday at 11:00 AM to prevent weekend exposure
Key Takeaways
- A Powerful forex trading assistant with the integration of ChatGPT and AI technology that delivers real-world success and reliability, ideal for beginners and professional traders.
- It trades in good and validated prop firms like MFF and FTMO.
Risk management functions have been integrated within the system, including stop-loss orders and position sizing. - Good testing is a critical component of creating a successful trading bot.