Octotrader AI EA MT4 – Full Input Settings Analysis

Octotrader AI EA is a MetaTrader 4 Expert Advisor (EA) for automating trade. It makes Forex trading easier with dynamic adaptation to market conditions and solid risk management mechanisms in place for consistent performance. It has a sophisticated algorithm that combines artificial intelligence and traditional technical analysis to accurately predict market direction.

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Prop Firm Protection Settings

• Drawdown Limiter: Off – no active drawdown limit; the EA continues to trade even with losses.
• Initial Account Size: 100,000.00 – used as a reference number for the calculation of drawdown (useful for prop firm rules or backtesting).
• Maximum Account Drawdown (%): 9.5% – the EA will stop trading or enable protection measures if total drawdown exceeds 9.5%.
• Maximum Daily Drawdown (%): 4.5% – the EA will not trade or will cut losses if the drawdown for a single day exceeds 4.5%.

Lot Size Settings

• Lot Calculation Method: Percentage of Balance – lot size is calculated automatically as a percentage of the current account balance.
• Fixed Lot Size: 0.01 – only used if lot sizing by percentage is disabled; is the minimum trading volume.
• Max Risk of First Trade Batch (%): 10.0% – the first batch of trades will risk a maximum of 10% of account balance or equity, which is an aggressive risk level.

Trade Settings 

• Take Profit Type: Trailing Take Profit – the EA locks profits automatically using a trailing TP feature.
• Take Profit (pips): 7 – the trailing TP is activated once the trade hits a profit of 7 pips.
• Trailing Take Profit (pips): 5 – once activated, the stop trails the price by 5 pips to lock profits.
• Stop Loss (pips): 300 – a wide stop loss to accommodate long-term or grid-style strategies.
• Max Spread (points): 7 – the EA will skip trading if the spread exceeds 7 points (0.7 pips).

Recovery Settings 

• Max Recovery Batches: 7 – 7 recovery levels (martingale-style) are allowed under drawdown.
• Recovery Trades Distance (pips): 36 – trades within the recovery series are placed 36 pips from the previous one.
• Percentage of Profits Directed to Recovery (%): 21 – 21% of previous profits are directed to cover losses.
• Recovery Lot Multiplier: 2.0 – recovery trade is twice as large as the previous one.

News Filter Settings 

• News Filter: On – EA does not trade around important economic news.
• Event Impact to Filter: High and Medium – avoids trading during high and medium impact news.
• Filter Trades Before News (minutes): 12 – no trades in the final 12 minutes before a filtered news event.
• Filter Trades After News (minutes): 12 – no trades in the initial 12 minutes after the event either.
• Broker Server GMT Offset: 2 – time offset employed to align news timing with broker server timing.

General Settings 

• Magic Number: 5505 – a unique number employed to recognize and monitor trades opened by this copy of the EA.
• Instruction: Trade Comment: Octotrader AI – this is added to all orders so that it can be easily recognized.
• User Interface: On – the interface of the EA is turned on and shows relevant trading information on the chart.
• UI Font Size: 10 – sets the size of the on-chart display items.

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