Blog

EVOTRADE EA MT4 – Full Input Settings Analysis

EVOTRADE EA - 1

EVOTRADE EA - 1

EvoTrade EA is a strong Forex trading system based on AI-driven analysis and automation. It employs adaptive risk management, trailing stop approach, and percentage money management to ensure maximum profitability. EvoTrade EA has been developed to sustain long-term success by achieving maximum returns with stringent risk controls.

Buy EVOTRADE EA product here

EVOTRADE EA - 1

Money Allocation Settings

  • Fixed or Percentage-Based Allocation: Percent Lot – Allocates based on percentage-based lot sizing.
  • Fixed Lot Size for Trades: 0.01 – The fixed lot size is 0.01.
  • Strategy Risk Level: 3 – Strategy risk level is 3 (medium to moderately high risk).

Additional Money Settings

  • Deposit JPY Indicator: false – Deposit mode for JPY is disabled (exclusive for accounts with base currency JPY).
  • Enable Trailing Stop Mechanism: true – Trailing stop is enabled in an effort to modify SL as price moves in the correct direction.
  • Trailing Stop: 180 – Trailing stop level is at 180 points.
  • Trailing Step: 30 – Trailing stop will be adjusted in 30-point increments.

News Configuration Settings

  • Enable or Disable News Filters: true – News filtering is on (in an effort to avoid trading during high-impact news).
  • Source URL for News Data: https://nfs.faireconomy.media – News data is pulled from this source (Forex Factory API).
  • News Intensity Filter: High – Filtering will take place only for high-impact news.
  • Time before News Events (minutes): 30 – Trading is suspended 30 minutes before news events.
  • Time Post News Events (minutes): 30 – Resumption of trading is 30 minutes post news events.
  • Currencies to Filter (comma-separated): USD – news concerning the USD alone will initiate a pause.

Miscellaneous Settings

  • Maximum Allowable Spread: 400 – The maximum spread that is allowable is 400 points (i.e., 4 pips).
  • Show Graphical Elements: true – Graphical elements will be shown on the chart.
  • Unique Identifier for Trades: 341 – Trade ID to identify different trades when trading with more than one EA.
  • Trade Comments: Evotrade AI – Every trade will have the following comment: “Evotrade AI”.