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Algo Pro Bot EA MT5 – Full Input Settings Analysis
Algo Pro Bot EA is very advanced Expert Advisor (EA) created for MetaTrader 5 (MT5) terminal that is specially designed to execute trades in the right way through advanced algorithmic analysis. It comes with complete integration of all risk management tools like stop-loss, take-profit, and trailing stop systems so the traders can enjoy effective capital protection and adequate risk management.
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Analyze Inputs parameters
- Mode
BUY – Trading mode will open only Buy orders. You may switch between SELL or AUTO modes depending on the direction of the market, if offered. - Lot1 → Lot5
0.01 – The fixed lot size of 0.01 is used by all grid levels in this strategy. This may be a light Martingale strategy or a uniform-sized grid. - TakeProfit_1 → TakeProfit_5
100 pips – Take Profit target for every order is 100 pips (1000 points for a 5-digit broker). - Distance
170 pips – Grid levels are spaced out by 170 pips (1700 points). - MagicNumber
123 – Trade identifier to be able to recognize trades opened by this EA from other trades in the same account. - Comments
Algo Pro Bot 2.0 – Individual trade comment for easy tracking and filtering in the trading history.
Control button interface
- font_size
10 – Interface font size on the chart. - BGColor
SeaGreen – Background color of the control buttons. - TXColor
Aqua – Color of text on the buttons. - XSIZE
180 – Width of each button (in pixels). - YSIZE
30 – Height of each button (in pixels). - XDISTANCE
20 – Horizontal distance from the left edge of the chart to the button panel. - YDISTANCE
80 – Vertical distance from the top edge of the chart to the button panel.
Key Takeaways
- Algo Pro Bot EA is an automatic trading MetaTrader 5 software with lot size adaptation depending on prevailing market conditions for ongoing accumulation of profits.
- The EA employs such important features as stop loss, take profit, and money management in order to offer effective risk management as well as protection of money.
- For best results, it’s suggested that the traders start with a minimum of $200 start capital, use a VPS, and trade in the EA’s full automatic trading mode with pre-defined TP and SL levels.