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GBPUSD ROBOT EA MT4 – Full Input Settings Analysis
GBPUSD Robot EA is a sole dedicated automated trading system specifically for the GBP/USD currency pair. It has sophisticated risk management with no martingale and grid methods. With a simple-to-use interface, it includes real-time statistics and minimal configuration, and the lot size is the only setting to be customized.
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BASIC INFORMATION
- Trading Pair: GBPUSD – GBPUSD is the only currency pair that the EA is able to trade.
- Timeframe: M5 – The EA places trades on the 5-minute chart.
- Trade Comment: GBPUSD ROBOT – Trade name identification utilized in MT4.
- Trade Direction: BuyAndSell – Sell and buy trades are both allowed to be opened by the EA.
- OCO Mode: False – “One Cancels the Other” function is disabled.
- Show Panel: False – Trading control panel is not visible.
SET UP A TRADE
- DailyLevels: True – Enables daily profit handling feature.
- Max Orders: 10 – Active number of trades which is 10.
- Lot Size: 0.01 – Default initial trade lot size value.
- Risk %: 0.0 – Risk percentage automatic lot sizing feature is disabled.
- Take Profit (TP): 100.0 pips – Profit target for every trade.
- Stop Loss (SL): 250.0 pips – Maximum loss allowed for every trade.
- Daily Profit Limit: 0 – Daily profit has no limit.
- Max Drawdown: 0 – Drawdown not limited (more risky if not strictly monitored).
ORDER MANAGEMENT
- Volume Filter: False – Volume filtering is turned off.
- MA Filter: False – Moving Average filter is turned off.
- MA Period: 5 – Setting for MA period (works only if MA filter is turned on).
- MA Method: Simple – Moving Average formula if turned on.
MARTINGALE MODE
- Recovery Mode: True – Enables recovery of losses by martingale or grid mode.
- Recovery Multiplier: 1.89 – Scales lot size by 1.89 per recovery transaction.
- Recovery Max Cycle: 3 – Limits recovery attempts to a maximum of 3 cycles.
- Recovery Close Previous Trades: 1 – Closes previous trades when initiating a recovery trade.
- Recovery BE Multiplier: 2.0 – Multiplies break-even target by 2.0 during recovery.
ORDER MANAGEMENT FOR PROFIT/LOSS
- Pips to Breakeven (8.0): Activates stop loss to breakeven when profit is 8 pips.
- Pips to Move Beyond BE (5.0): Moves stop loss 5 pips beyond breakeven for additional buffer.
- Pips to Start Trailing (10.0): Activates trailing stop when trade is 10 pips in profit.
- Pips to Move While Trailing (30.0): Moves trailing stop every additional 30 pips of profit.