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IS VIP THIRD EA MT4 – Full Input Settings Analysis
IS VIP Third EA is a specialized trading tool designed to maximize profitability across multiple currency pairs, with a focus on XAUUSD (Gold), GBPUSD, and EURUSD on the M1 (1-minute) timeframe. As the third Expert Advisor (EA) in the VIP series, it is tailored specifically for VIP Club members. The EA operates on the MetaTrader 4 platform and uses a unique algorithm that calculates average volatility, allowing it to trade effectively during calm yet volatile market periods and adapt to various market conditions.
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Risk & Lot Settings
- Risk: 0.01 – Automatically calculates risk at 1% of account balance, but this setting is not utilized as manual lot sizing is enabled.
- UseManualLot: true – Trades using a manual lot size.
- Lots: 0.01 – Enters trades with a 0.01 lot size.
- StopLossPercent: 0.0 – Doesn’t set any stop loss as a percentage of the account (a fixed SL may be utilized, or SL may be left off altogether).
Trade & Trailing Settings
- TakeProfit: 10 – Low take profit objective of just 10 pips.
- Trail (Trailing Stop): 15 – Trailing stop maintains a 15-pip distance when activated.
- TrailStart: 15 – Trailing stop activates after the trade is 15 pips in profit.
- UseAddOrder: true – Allows additional trades to be opened (possibly as part of an averaging or scaling strategy).
- MaxOrders: 5 – Max 5 open trades are allowed at a time.
Time & Entry Conditions
- TimeStart: 2 – The EA starts trading at 02:00 (can be server time or GMT, depending on the broker).
- TimeEnd: 23 – Trading stops at 23:00.
- AvBarPercent: 1 – Used in combination with candle analysis to estimate volatility percentage.
- PeriodBar: 3 – Number of candles used to take entry conditions by way of average volatility.
- MaxSpread: 3 – Trading is allowed only when the spread is 3 pips or less.
- Magic: 2024 – Unique number (Magic Number) used by the EA to distinguish its trades from those of other EAs.