Blog
GREEN HAWK EA MT4 – Full Input Settings Analysis
Green Hawk EA is a top-level, fully automated MetaTrader 4 expert advisor. It utilizes sophisticated algorithms and technical indicators to trade automatically and optimize its activity. This is a hands-off EA to seize market opportunities with customized risk management, trading of multiple currency pairs, and focusing on short-term scalping. Intelligent scalping algorithms are implemented by this EA along with the advantage of pending limit orders without risky trading strategies such as martingale or grid. It provides uniform results to the trader regardless of his/her experience and skill level.
Buy GREEN HAWK EA product here
Lots and spread management
- Enable EA Green Hawk: true
→ Enabling the Green Hawk Expert Advisor. - Magic Number: 2306
→ The number utilized to tell us that the trade is an EA trade. - Maximum Open Positions: 2
→ Prevents the EA from opening more than 2 positions at any given time. - Fixed Lot Size: 0.01
→ The lot size used in case Auto Lot is disabled. - Auto Lot Size: true
→ Provides for automatic lot size adjustment according to account balance. - Auto Lot Size Percentage: 10.0%
→ Lot size is 10% of the account balance. - Auto Lot Change Only on Monday: false
→ This means that the lot size may be changed on any day, not just Mondays. - Maximum Allowed Lot Size: 2.0
→ This restricts lot size to a maximum of 2.0 lots. - Maximum Spread (Phase 1): 5.0 pips
→ Only trades are allowed if the spread is 5.0 pips or less. - Maximum Spread (Phase 2): 4.5 pips
→ Tight distribution constraint for further filtering. - Slippage: 1 pip
→ Maximum tolerated level of slippage on an order execution.
Strategy Settings
- Enable Multi-Symbol Trading: false
→ Refrains from trading more than one currency pair at a time. - Symbols (comma separated): GBPUSD, EURUSD
→ When enabled, these are the pairs to be traded. - Max Open Positions with Same Currency: 2
→ Limits to 2 open positions that share the same base or quote currency. - Enable Multi Lot Sizes: false
→ Refrains from using more than one lot size. - Multi Lot Sizes: 0.01, 0.01
→ Uses 0.01 lot if true for every provided setup. - Enable Emergency Stop: false
→ Emergency stop is disabled. - Emergency Stop Threshold [%]: 25.0
→ In case emergency stop is enabled, trades will be stopped if account drops by 25%. - Initial Balance Reference: 0.0
→ Can be modified to calculate auto lot as per user-defined initial balance.
Trading day of the week
- Trade on Sunday: false
→ No trading is performed on Sundays. - Trade on Monday: true
→ Trading is allowed on Mondays. - Trade on Tuesday: true
→ Trading is allowed on Tuesdays. - Trade on Wednesday: true
→ Trading is allowed on Wednesdays. - Trade on Thursday: true
→ Trading is allowed on Thursdays. - Trade on Friday: false
→ No trading is performed on Fridays.
News Filter
- Show News Panel: true
→ Displays news panel on the chart. - Filter Low-Impact News: false
→ Low-impact news is not filtered; trading as usual. - Time Before Low News (minutes): 10
→ No trading 10 minutes before low-impact news (if enabled). - Time After Low News (minutes): 20
→ No trading for 20 minutes after low-impact news (if enabled). - Filter Medium-Impact News: false
→ Medium-impact news is not filtered. - Time Before Medium News (minutes): 10
→ Halt trading 10 minutes before medium-impact news (if turned on). - Time After Medium News (minutes): 20
→ Halt trading 20 minutes after medium-impact news (if turned on). - Filter High-Impact News: true
→ Halts trading close to high-impact news events. - Time Before High News (minutes): 60
→ Stops trading 1 hour before big news. - Time After High News (minutes): 60
→ Resumes trading 1 hour after big news. - Filter Only Symbol-Related News: true
→ Only filters news for the currency pair being traded.