BANCOMAT EA MT4 – Full Input Settings Analysis

BANCOMAT EA is a powerful Expert Advisor for MetaTrader 4. It does not require frequent changes to settings and optimization of parameters. It supports a wide range of financial instruments, including currencies, stocks, metals, and cryptocurrencies. Utilizing a hedging strategy, it opens simultaneous buy and sell positions on highly correlated assets, effectively minimizing drawdowns and managing risk to deliver stable and reliable trading performance.

Buy BANCOMAT EA product here

Order Volume Management

• Fix_Lot: 0.1
  Applying a fixed lot size of 0.1 per trade (if fixed lot mode is enabled).
• Lot_Percent_Balance: 0.01
  Applying 1% of account balance to calculate position size (if risk-based lot sizing is enabled).
• KLot_string: 1.5, 2.0, 2.0,.
  Lot multiplier list for scaling up into positions (used for subsequent entries within a series of trades).
• Max_Orders: 5
  Maximum number of orders allowed per currency pair in parallel.
• MaxLot: 5.0
  Maximum possible lot size per trade is 5 lots.

Time and Time Frame Configuration

• TIMEFRAMES: M5
  Primary working timeframe of the EA (5-minute chart).
• TimeStart – TimeEnd: 0 – 24
  Trading time. EA works 24 hours a day (day trading is enabled).
• BarsCorrelation_string: 900,1200,.
  Number of bars (candles) on which correlation is computed to make trade decisions.
• K_Correlation_Open: 0.5
  Minimum value of correlation at which a trade can be opened.
• Control_History_Correlation: true
  Enables checking historical correlation before opening trades.

Profit and Loss Management

• % Equity Close: 0.0
  Destroys all positions if account equity is less than a specified percentage. 0.0 to disable.
• SumProfitClose: 0.0
  Destroys all positions when the total profit equals a specified amount. 0.0 disables.
• MinProfitClose: 0.1
  Destroys a position when its profit is 0.1 or greater (account currency).
• % LossClose: 0.0
  Destroys all positions when losses equal or exceed a percentage of the account balance. 0.0 disables.
• StopTradeAfterLoss: true
  Automatically halts trading if a loss is realized.

Key Takeaways

• Compatible with: BANCOMAT EA runs on the MetaTrader 4 trading platform, and trading is made possible with the help of various financial instruments such as currency pairs, shares, metals, and cryptocurrencies.
• Strategy: The hedging strategy of the EA will be to simultaneously open buy and sell positions in highly correlated assets so as to reduce risk maximally.
• Consistent Results: As a result of this strategy, it ensures small drawdowns and thus consistent and reliable trading without needing optimization or parameter changes too often.