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FREEDOM PRO EA MT4 – Full Input Settings Analysis
Freedom Pro EA is professional advisor (EA) that is exclusively meant for running on the MetaTrader 4 (MT4) platform. It uses advanced algorithms to find market trends and makes trades automatically. The EA is meant to relieve traders from constant monitoring, systematically executing their trading plan. The EA is meant to equip novice traders and professional traders with professional trading ability, making them carry out Forex market trades with ease and confidence.
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Basic transaction configuration
- MagicNumber: 2015
- Unique number to determine the EA in order to prevent order conflict with other EAs.
- SANDBOX_START_TIME: 0
- Trades start at 00:00 server time.
- SANDBOX_STOP_TIME: 24
- Trades stop at 24:00, hence the EA can be run all through the day.
- Lots: 0.01
- Default lot size for all trades.
- SL / TP: 5 / 5
- Both the Stop Loss and Take Profit and are set at 5 pips.
- Distance: 5
- Minimum distance (in pips) between orders, widely used in Martingale strategies.
- Spread: 30
- Maximum spread permitted for trading (30 points, approximately 3.0 pips).
Martingale Strategy & Risk Management
- Use_Multiplier: true
Triggers the Martingale system, which increases lot size after a losing trade. - Multiplier: 1.2
The multiplier of the lot size applied to the subsequent trade if the previous one loses. - MaxLevel: 20
Maximum number of consecutive Martingale levels allowed.
Profit taking and profit management
- Target_Profit: 2
Total profit-based closing enabled, the take profit target should be 2 units (assuming USD). - UseTargetProfit: false
Total profit-based take profit is disabled. - AutoMoneyManagement: Money Management
Automatic adjustment of lot size according to account equity. - PercentToRisk: 10
Each trade risks 10% of the account balance (if money management is applied). - PercentSafety: 100
This is the safety level of account. Trading will stop if equity falls to this percentage of the original balance.
Key Takeaways
- Variety and performance: Trade 28 currency pairs with great performance on major pairs, for all time frames.
- Installation and usage: The EA can be used with a VPS system for stability and uninterrupted operation, with the ability to personalize the risk system based on the trader’s needs.
- Classic trading features: Combines Martingale and Grid systems, with variable risk levels to accommodate the needs of individual traders.