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GECKO EA MT4 – Full Input Settings Analysis
Gecko EA is a MetaTrader 4 Expert Advisor that employs a simple yet extremely effective strategy. It seeks recent significant highs and lows to trade breakouts, employing bespoke and advanced entry and exit algorithms. It doesn’t employ risky mechanisms like grid/martingale, unlike most other Expert Advisors. It is not even a scalper.
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General Specifications
- Magic Number (5558): Unique identifier of the trades of this EA, applied to mark them as different from other trades.
- Trade Comment: Gecko_EA – Unique designation put on each trade that the EA initiates.
- Show Info Panel: True – Displays the info panel of the EA on the chart.
- Lot Panel Size Adjustment (1.0): Changes the size of the lot control panel.
- Update Info Panel During Testing: False – Prevents info panel updates while testing for better performance.
LotSize Settings
- Lotsize Calculation Method: Use_StartLots – Implements a default lot size defined in StartLots.
- Start Lots (0.01): Constant lot size for all trades.
- Max Lots (99.0): Maximum acceptable lot size per trade.
- Manual Risk per Trade (1.0%): Risk percentage per trade (applicable only if risk-based sizing is in use).
- Lot per Balance Step (0.0): Not utilizing lot scaling based on balance steps.
Order management
- Entry Model: Mode A – The entry decision is based on EA’s internal algorithm.
- Signal Timeframe: 1 Hour – The signals are produced on 1-hour candle basis.
- Max Historical Candles Used: 6 – The EA uses the recent 6 candles in trade signal calculation.
- Retrace Distance from High/Low: 30.0 points – Shortest price retrace to form an entry.
- Pending Order Expiration: 80 minutes – The pending orders will be expired unless activated within this time.
- Friday Stop Trading Hour: 22 – EA is stopped on Fridays at 22:00 (broker server time).
Trailing stop management
- Trail SL Size (50.0): Original trailing stop size in pips.
- Trail SL Start (70.0): Trailing stop will be invoked when the trade is 70 pips in profit.
- Trail SL Stop (15.0): Stop limit in trailing.
- Trail SL Step (2.0): Stop loss will be shifted for every other 2 pips of uptrend.