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MIFX EA MT4 – Full Input Settings Analysis

MIFX EA - 1

MIFX EA - 1

MIFX EA is a sophisticated Expert Advisor (EA) engineered for the widely acclaimed MetaTrader 4 (MT4) trading platform. These EAs, commonly known as trading robots, are designed to execute automated trading strategies and manage trades with exceptional precision and efficiency.

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MIFX EA - 1

Trading Strategy & Operational Logic

  • Use_TradeAgain: Value uncertain (description provided)
    If true, the EA will continue to trade after it completes a cycle. If false, it will not trade.
  • TradeAgain: true
    Enables the EA to continuously loop its trade cycle.
  • Use_Loop: Value uncertain
    Defines whether the EA employs a limited number of trade loops.
  • Loop: 10000
    If Use_Loop is enabled, the EA can loop its trading cycle up to 10,000 times.
  • StartTrade → EndTrade: 2 → 24
    The EA can only trade between hours 2 and 24 (server time).

Capital management & order volume

  • Use_DblLots: true
    Enables the lot doubling feature (Martingale mode).
  • Use_MM_Auto_Lot: true
    Enables automatic lot size management based on risk.
  • Lot_Risk: 0.9
    Approximate risk per trade is 90% of account balance. Use with caution, as this is very high risk.
  • Smallest_Lot: false
    Does not force the EA to use the minimum lot size.
  • DblLots: true
    Enables lot doubling — functions exactly the same as Use_DblLots.
  • Lots: 0.01
    If auto lot sizing is disabled, the EA will trade at a fixed lot size of 0.01.
  • LotsDecimal: 2
    Specifies the number of decimal places for lot calculation (e.g., 0.01, 0.02, etc.).

Set take profit, stop loss & order sequence

  • SL: 0
    No Stop Loss is used — this is high risk.
  • TP: 15
    Take Profit is 15 points (which is 1.5 pips).
  • Distance: 49.0
    Distance between Martingale orders is 49 points.
  • Multiplier: 2.5
    Each following order is 2.5 times bigger in lot size — very risky if the market moves against the position.
  • MaxLevel: 19
    The EA will open up to 19 Martingale levels — i.e., it will be able to place a sequence of up to 19 consecutive trades with increasing lot sizes.
  • MagicNumber: 140385
    A special number used to distinguish this EA’s trades from other trades.
  • MoneyPerLot: 1.7
    Can be utilized for automatic calculation of lot size based on account balance (risk management related).

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