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ORACLE EA MT4 – Full Input Settings Analysis
Oracle EA is a complete trading solution for the MetaTrader 4 software both with an Expert Advisor (EA) and an indicator. Being with a powerful algorithm, it simplifies trading and is particularly beneficial for new traders on the forex market. The Oracle MT4 offers trend-following analysis to guide the trader in setting directions of price movements and making the appropriate decision. It aims to enhance the efficiency of trading by providing information on various timeframes like currency pairs, trends, signals, and potential profit or loss scenarios.
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Trading strategies for each pair and operating time
- Gold Strategy 1
- Trading Time: 00:00 to 16:59
- Take Profit: 300 pips
- Stop Loss: 3000 pips (very wide, allowing high volatility)
- Gold Strategy 2
- Trading Time: 02:30 to 23:59
- Take Profit: 390 pips
- Stop Loss: 1650 pips
- GBPUSD Strategy
- Trading Time: 07:00 to 16:59
- Take Profit: 4500 pips (which is the same as 450 pips with a 5-digit broker)
- Stop Loss: 2550 pips
Capital and risk management
- Fixed Lot: 0.01
Used for small, fixed lot trades — ideal for small accounts. - Percent of Risk from Deposit: 30.0
This one would be used if percentage lot sizing by percentages was specified (i.e., Use Float: false), but since Use Float is now false, only the fixed lot will be utilized. - Trailing Stop:
- Not in use (Trailing: false).
- If enabled, it would activate at 200 pips with a step size of 1.0 pip.
- Weekend Close:
- Close at Friday Hour: 23 — closes all the trades before market closure for the weekend.
Technical settings & news
- Technical Information
Magic Number: 777
Slippage: 100 — Max slippage of 10 pips (for 5-digit brokers).
Max Spread: 100 — Grants a max spread of 10 pips.
Only Buy/Sell: false — EA can open both Buy and Sell orders. - News Filter
Use NewsFilter: false — News filter is turned off currently.
If used:
No trades 60 minutes before and after news events.
Filters by importance: High: true, Moderate: false.