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IS VIP FOUR EA MT4 – Full Input Settings Analysis
IS VIP FOUR EA is an automated trading tool developed by The Invest Sniper for MT4. This EA was optimized on the M1 time frame on XAU/USD Gold and constantly adjusted alongside changes in the market conditions. This Expert Advisor seeks highly volatile markets to give high-performance trading and allows the customer to copy this system onto his account through a monthly subscription. It is part of a series of EAs that were focused on one thing-trading strategies and market conditions-by The Invest Sniper.
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Risk Management & Trading Volume
- Risk: 0.01 – Take 1% of account balance per trade in case UseManualLot is false.
- UseManualLot: true – Apply a manual fixed lot size instead of calculating based on risk percentage.
- Lots: 0.01 – Trade with a fixed lot size of 0.01.
- StopLossPercent: 0 – No stop loss by percentage of account.
Trailing stop & take profit
- TakeProfit: 70 – Take profit is 70 points (which is 7 pips).
- Trail: 20 – Trailing stop is 20 points from a break-even point after the signal is initiated.
- TrailStart: 15 – Trailing when the trade is 15 points profitable.
Candlestick logic
- AvBarPercent: 100 – Average size percentage of candle (tool employed to evaluate the state of the market or trend strength).
- MinimumBarSize: 100 – Minimum size of a candle (in points) required to generate a valid signal.
- PeriodBar: 100 – Number of bars utilized for calculation of trading signals.
- MaxSpread: 30 – Maximum spread permitted: 30 points (3 pips).
Trading time and volume
- UseAddOrder: true – Allows additional orders of the same type to be opened when a new signal is received.
- MaxOrders: 30 – Up to 30 open orders at the same time.
- TimeStart: 2 – Begins trading at 02:00 (server time).
- TimeEnd: 23 – Ceases trading at 23:00 (server time).
- Magic: 2024 – Special identifier (Magic Number) assigned to trades made by the Expert Advisor (EA).