JFX PROPFIRM PUNISHER EA MT4 – Full Input Settings Analysis

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Trading & Order Management Settings 

• Trading Time:
  • Trading is from 00:00 and ends at 23:59, so the EA is operating nearly 24 hours a day.
  • Trading is possible on any day of the week (Monday to Sunday) between 00:00 and 23:00.
• Lot Size & Spread Settings:
  • Lot Size: 0.01 lots (initial trade size).
  • Max Spread: 20 pips – the EA doesn’t trade when the spread exceeds 20 pips.
  • Lot Multiplier: 2.0 – applied to increase the lot size after a loss (martingale approach).
  • Max Lot: 10.0 – the EA will never execute this lot size.
  • → This is doing a martingale approach to recoup losses by increasing the lot size incrementally.
• Take Profit & Stop Loss Settings:
  • Take Profit: 25 pips.
  • Stop Loss: 0 – no fixed stop loss (this is high risk).
  • Take Profit in Pending Mode: 200 pips – used when pending orders are placed.
• Trailing Stop:
  • There are three levels of trailing stop setup, but all are switched off (false) at the moment.
• Break-even Function:
• Disabled – the EA does not move the stop loss to break-even.
• Trade Management:
  The EA is adapted to manage up to three major pairs:
  EURUSD, AUDUSD, and BTCUSD.

Account & Risk Control Settings

• Capital & Risk Management
  • Percentage Reference: Current Equity – All take profit or drawdown percentage-based computations are made on current equity, not balance.
  • TP % Target: 30.0% – The EA will target a 30% profit in relation to equity before stopping or taking more drastic measures.
  • Equity Stop: 30.0% – The EA will stop trading if equity drops by 30%.
  • Max Loss ($): 1.0 – Dollar absolute maximum loss amount, above which the EA will stop.
  • Enable Hedge at Drawdown: true – The EA will open hedging positions when drawdown reaches a critical level.
  • Hedge ×2 Drawdown: 10.0 – Hedging is active when drawdown reaches 10%, and hedge size is double the first position.
  • Reverse Order at Drawdown: true – The EA reverses order (opens opposite trades) when it reaches significant drawdown levels.
• Auto Exit & Recovery Strategy
  • Enable Remove EA after TP: true – EA will delete itself on profit target attainment.
  • Enable Remove EA after Stop Out: true – EA will delete itself upon stop-out.
  • Enable Resume EA Next Day: false – EA will not execute automatically to trade the following day when stopped.
  • Trading Mode & Pairs
  • Trading Mode: Directly – The EA executes trades directly without delay (no pending or filtered execution logic).
  • Pairs to Trade:
    The EA is configured to trade an extensive list of currency pairs, including:
    AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, EURAUD, etc.

Interface & Visual Settings

• ShowVisualPanel: true – Shows the visual control panel on the chart.
• VisibleDashboard: true – Activates the dashboard interface for real-time monitoring.
• TextColor: White – Color of the text used in the panel.
• BackgroundColor: DarkSlateGray – Color of the panel/dashboard background.
• Font: Tahoma, Size: 14 – Font and size of all text shown.
• ShowRangingPairs: true – Displays currency pairs that are in a ranging (sideways) market condition.

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