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MAGNAT EA MT4 – Full Input Settings Analysis
Magnat EA is a professional Expert Advisor that can trade any instrument in the MetaTrader 4 terminal. It does not depend on indicators but relies on mathematical methods of price analysis instead. The EA keeps track of the spread and slippage to accurately place orders with minimal trading errors. All positions are managed for maximum profit potential at controlled, limited risk, and this can be further minimized by setting user input parameters and adjusting error thresholds as required.
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Order entry options
- OneTrade – false
→ Allows the EA to execute several trades simultaneously (not just an individual open trade). - EntryMA Tf – 1 Hour
→ Moving Average indicator timeframe to generate entry signals. - EntryMAPeriod – 11
→ Number of periods used to compute the Moving Average. - EntryMAMethod – Exponential
→ Uses the Exponential Moving Average (EMA) instead of the Simple Moving Average (SMA). - EntryMAPrice – Close price
→ The Moving Average is calculated from the close of each candle. - EntryMAFast / Slow, EntryMAPeriod – e.g., 1/2, 4/13
→ Setup for multiple MA indicators, likely used to discover MA crossovers for entry signals. - EntryIndex – 45
→ Likely another indicator (e.g., RSI, CCI, etc.) used in filtering signals.
Stop Loss / Take Profit Settings
- StopLoss – 124
→ Rigid Stop Loss at 124 pips. - StopMA – true
→ Applies a Moving Average-based dynamic Stop Loss instead of or in addition to fixed SL. - TakeProfit – 650
→ Fixed Take Profit at 650 pips, i.e., long-term profit target.
Trade Options
- PriorityMA Tf – 4 Hours
→ Higher time frame used to verify the main market trend, typically for entry filtering. - MoneyManagement – true
→ Enables automatic money management. - RiskPerTrade – 5.0
→ Modifies the risk per trade to 5% of account capital. - Lots – 0.1
→ If money management is disabled, the EA will have a static lot size of 0.1. - MaximalSpread – 6
→ Maximum allowed spread is 6 pips; trades will not be opened in the event of increased spread. - EntrySlippage – 2
→ Maximum slippage allowed on opening trades is 2 pips. - ExpertInformation – true
→ Displays EA-related information on the chart (status, statistics, etc.). - EntryComments – Magnat
→ Adds the comment “Magnat” to all the trades opened by the EA, useful for filtering and tracking in trade history.
Key Takeaways
- Ability to work under any trading conditions: The EA can work on all trading instruments and with any brokerage conditions, starting from low spread markets and ending with highly volatile ones.
- Diversified input settings: The EA has tremendous input parameters with varied settings; thus, it can enable users to customize and work on all trading instruments whatever the brokerage conditions might be.
- Operational capabilities diversity: It’s possible to install Magnat on the charts of lots of different trading instruments and it works independently one from another.
- Can work simultaneously with other EAs: Magnat EA controls and maintains the trading orders and positions it opens. Therefore, it can work together with other EA without affecting it.