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CATARINA DEVON EA MT4 – Full Input Settings Analysis
Catarina Devon is an MT4 EA which will automate trading by executing orders based on any indicator you prefer. It executes buy/sell orders, features trailing, and closes orders wisely on reversal signals or when profit levels are achieved, so you never miss significant trading signals.
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General Settings & Risk Management
- Combine: false
→ Does not combine Buy and Sell orders. - Risk %: 2.0
→ Limit of risk per trade is set to 2% of account equity. - Fix Lots: 0.01
→ Fixes lot size as 0.01 when dynamic risk is turned off. - Auto SL by ATR: false
→ ATR is not used to auto set Stop Loss. - SL/TP by Pips:
- SL pips: 0.0
→ Fixed Stop Loss is not specified. - TP pips: 0.0
→ Fixed Take Profit is not specified.
→ Implies that the EA probably uses signal-based exits, trailing stop, or trend reversal logic.
DCA Strategy
- Use DCA?: false
→ DCA is disabled. - Multiplier: 1.3
→ DCA trade lot size multiplier (disables until you enable DCA). - TP DCA pips: 20.0
→ Take Profit on DCA position at 20 pips (currently disabled).
→ Probably pre-set in case you’ll ever need to enable DCA in the future.
Lottery & Trailing Strategy
- Use Trailing First Order?: true
→ Enables trailing stop on the first order. - Lottery Trailing Mode: Money Trailing
→ Uses profit-based trailing instead of pip-based. - Money Trailing Settings:
→ Starts trailing when profit is $10.0,
→ Shifts Stop Loss by $0.5 increments,
→ Locks minimum $5.0 profit when trailing begins.
Telegram & Indicator Settings
Use Send Signal to Telegram?: false
→ Telegram signal sending is disabled.
→ Token and Chat ID are already pre-filled (ready for use if enabled).
Signal Indicator:
Signal Bar: 1
→ Utilizes the most recent candle (Bar 1) for confirm signals.
Buy Buffer: -1, Sell Buffer: 1
→ Preset indicator buffers are now used to generate entry signals (Buy: -1, Sell: 1).
Trend Indicator:
Use Trend Filter?: false
→ Trend filtering is disabled.
→ Buffer key and trend key defined — can be triggered in the event of trend confirmation.