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Aura White Edition EA MT4 – Full Input Settings Analysis
Aura White Edition EA, part of the Aura advisor series, is a unique Expert Advisor. It is built on the Aura Black Expert Advisor engine and introduces changes and customized settings for specific currency pairs. With advanced technologies, it ensures innovative trading approaches and promising performance. This fully automated EA specializes in forex trading, focusing on pairs like EURUSD, GBPUSD, EURGBP, and USDCAD. It has consistently shown stable results from 1999 to 2023, steering clear of risky money management methods like martingale, grid, or scalping. Adaptable to various broker conditions, it undergoes training with a Multilayer Perceptron Neural Network (MLP), distinguishing it for its capacity to discern non-linearly separable data.
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GENERAL CONFIGURATION
- MultiDeals: false
→ Doesn’t open more than a single trade at once. - One Direction for MultiDeals: true
→ If MultiDeads is on, opens trades in one direction only (BUY or SELL, but not both). - Recovery Mode: false
→ Martingale is disabled; the EA won’t raise lot size when losing. - Recovery Coefficient: 1.0
→ If Recovery is on, multiplier of lot size is 1.0 (no increment). - Auto Leverage Adjustment: false
→ Leverage isn’t automatically adjusted.
PROFIT / LOSS / TRADING LIMIT MANAGEMENT
- Currency Profit / Loss Stop: 500
→ Closes all positions when the total profit or loss reaches $500 (if enabled). - Daily Loss Limit: false
→ There is no limit put on daily losses. - Daily Loss % Limit: 50.0
→ Trading for the day is halted if the account loses half the balance (if enabled). - Avoid Opening Orders From / To Hour: 23 → 2
→ No new deals shall be opened between 23:00 and 02:00 (in order to exclude high spread time). - Close at Friday: false
→ Automatically closing trades on week’s end won’t happen. - Stop Trading After SL / TP / Daily Loss: false
→ EA will continue trading even after hitting Stop Loss, Take Profit, or daily loss levels.
TRADING VOLUME
- Risk %: 0.0
→ Risk percentage is not used; EA uses Balance Step to set lot size. - Lot Step / Balance Step: 0.01 / 50.0
→ EA sets 0.01 lot for each $50 account balance. - Fix Lot: 0.0
→ If set to 0, EA will set the lot size by automatically using balance. - Max Lot: 1000.0
→ Maximum allowed lot size per trade is set as 1000 lots. - Slippage (in pips): 20
→ The maximum acceptable slippage is 2 pips (20 points).
ORDER OPTIONS AND TRADING PAIRS
- Only BUY / Only SELL: false
→ The EA is allowed to sell and buy. - Max Spread: 200
→ Maximum spread allowed is 20 pips (200 points). - Virtual TP/SL: false
→ Virtual Take Profit and Stop Loss are not used; real TP/SL are used. - Instant Trailing On: false
→ Instant trailing stop is disabled.
Key Takeaways
- Stable Performance: Aura White Edition EA has been found to be stable in the performance of foreign exchange trading from 1999 to 2023.
- Disciplined Money Management: It doesn’t employ speculative money management strategies such as martingale, grid, or scalping.
- Broker Compatibility: It is supported with a wide variety of broker conditions, and hence it can be easily implemented.
- Neural Network Integration: Inspired by training on a multilayer perceptron Neural Network (MLP), a sophisticated form of feedforward artificial neural network (ANN), the EA dynamically combines past data, accommodates evolving market conditions, processes complicated data sets, and constructs new market analysis models.