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CLEVRFX EA MT4 – Full Input Settings Analysis
ClevrFX EA is a very qualitative, fully automated MT4 Expert Advisor. Utilizing sophisticated algorithms, the computerized auto-trading software searches for possibly profitable trading parameters continuously and makes trades with carefully designed parameters. This implies that traders can take advantage of market volatility without constantly having to monitor and make manual adjustments.
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ORDER SETTINGS
- Allow Buy / Sell: true
→ Both Buy and Sell orders are permitted. - Strategy Type: Medium Risk
→ Implements a strategy of medium risk type. - Lot Type: Manual
→ Trades using a constant lot regardless of percentage in account. - Initial Lot Size: 0.01
→ Extremely low initial lot — great for small accounts. - Trade TP (pips): 10.0
→ Takes Profit on each trade is 10 pips — great for scalping strategies. - Lot Multiplier: 1.5
→ Martingale enabled — step sizes doubled 1.5 times with each step. - Max Lot Limit: 0.0
→ Does not trigger any max lot limit — dangerous if the market moves far against the position. - 2nd Trade Distance: 20.0 pips
→ Activates the second trade if the price is 20 pips away from the first. - Distance Multipliers: 1.0
→ Distances of the trades are equal.
RISK MANAGEMENT
- One Trade Per Candle: true
→ One trade per candle is allowed — avoids overtrade or trade spamming. - Allow Hedge: true
→ Both Buy and Sell positions are allowed to happen together (hedging allowed). - Max Spread: 0.0
→ The spread is not limited.
→ Recommendation: Set a spread limit for example, 2.0 or 3.0 pips in order to avoid trading under wild market conditions. - Max Trades Per Side: 20
→ Accommodates 20 Buy or 20 Sell orders at once. - Max Pairs To Trade: 0
→ Unlimited number of currency pairs traded at once.
Key Takeaways
- Automated Trading: ClevrFX EA trades automatically with advanced algorithms, which takes time and requires little intervention from humans.
- Adjustable Settings: The EA offers adjustable settings to suit various trading strategies and risk levels.
- MT4 Compatibility: Designed for MetaTrader 4, it allows traders to take advantage of MT4’s utilities with added automation.
- News Filter: It possesses a news filter feature to avoid trading high-impact news, reducing Martingale strategy risk.