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AI Trading Bot EA MT4 – Full Input Settings Analysis
AI Trading Bot EA is an advanced Expert Advisor (EA) for MetaTrader 4 (MT4) based on artificial intelligence to optimize automated trading systems in the Forex market. The EA is a key tool for traders to enable complete automation of trade execution in order to optimize profit and minimize risk. The EA can simply place trades, establish stop-loss and take-profit levels, and adapt to various symbols and timeframes.
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Order opening logic
- First Order: Price action. EA takes the first trade due to price action patterns and structure of the market.
- Safety Orders: EMA indicator. If the market moves against the first position, recovery (or “safety”) trades are taken based on signals from the Exponential Moving Average (EMA).
Command settings & risk management
- Direction of Authorized Trade: Buy and Sell trades both are permitted.
- Number of Entry Orders: The EA initiates with one entry order.
- Lot Size: Has been initialized at 0.01, which is suitable for small or conservative accounts.
- Take Profit: All the trades have a specified take profit of 200 pips.
- Maximum Profit Trades Allowed: The EA can have at most 2 running in profit trades at any given time.
- Maximum Lot Size: At 1.28 lots for capping risk and preventing over-exposure.
- Price Movement Trigger (%): 5.0%. The system will enter a new trade on every instance that the market makes a 5% move against the direction of a smart restoration or scaling process.
Risk Management & Hedge
- Equity Pause: 0.0, so that the EA does not stop trading because of equity levels.
- Price Pause: Also 0.0, so no stopping of trading by pre-set price levels.
- Hedge Target Percentage / Target: 0.0, so that hedging option is switched off.
- Hedge Amount Size: Were the hedging option to be switched on, the hedge trade in the reverse direction would be the same lot size as the original position.
Key Takeaways
- AI Trading Bot EA is an advanced Expert Advisor (EA) for the MetaTrader 4 (MT4) platform that applies artificial intelligence to enhance Forex trading strategies by automating them.
- This EA is a crucial tool for traders to offer fully automatic trade execution to achieve maximum profit and handle risk effectively.
- It can work at the same time, execute trades, manage stop-loss and take-profit levels, and adjust to various trading symbols and timeframes.