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BOBER LANNISTER EA MT4 – Full Input Settings Analysis
Bobber Lannister is a MetaTrader 4 scalper EA that will set one trade at a time with risk management in mind. It also comes with built-in risk management settings, supports limit and market orders, and has the ability to freeze trading prior to the weekend. The robot also comes with simple-to-use settings that allow for easy modifications.
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MEANING OF VARIABLES AND VALUES
- Direction: Both – EA executes in both Buy and Sell directions
- Order Type: Market_modeled_ticks – Market orders with tick-based modeling for backtesting
- Magic Number: 777 – Specific ID to identify EA trades from manual or other EA orders
- Lot Mode: Percent – Trade volume as percentage of account
- Lot Percent: 20.0 – Trades 20% of account balance per transaction (very high risk – use with caution)
- Fixed Lot: 1.0 – Fixed 1 lot trades in the event of non-percentage-based lot sizing
- Range: 100 – Mostly likely pip distance of the orders or trade entry (depending on EA logic)
- Time Filter: true – Enables time-based trading window
- Start Time: 22:00 – EA begins trading at 22:00 server time
- Stop Time: 23:30 – EA closes trading at 23:30 server time
- Max Drawdown: 30% – EA will close trading in the event of drawdown over 30%
- Wait Hours: 48 – EA halts trading when it reaches MaxDD for 48 hours
- Friday Trading: true – EA is allowed to trade on Fridays
Key Takeaways
- Risk Management Settings: Bobber Lannister has incorporated in-built risk management settings where the exposure of traders can be handled effectively.
- Order Types: Limit and market orders can be utilized, organizing their method of preference according to personal choice.
- Weekend Break: EA will split trading throughout the weekend so as not to experience market gaps or unexpected news.
- User-Friendly Settings: Bobber Lannister offers easy and intuitive settings, and one can easily use it even as a beginner trader.