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POWERHOUSE EA MT4 – Full Input Settings Analysis
Powerhouse EA is a professional trading advisor that features six automatic strategies merged into one trading bot, which is meant to trade on the MetaTrader 4 platform. It merges the EVA, Sharpshooter, Comeback Kid, Ranger, Vigorous, and Crackerjack strategies into one EA so that they trade from one EA. The six approaches merged can watch each other’s trades and prevent overtrading. The EA can reward an estimated 2-4% monthly.
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LICENSING
- License Key: Not chosen – A license key may be required to activate the EA.
- Strategy: Not chosen – No specific trading strategy is chosen for the EA.
- Symbol Prefix/Suffix: None – No prefix or suffix is applied to the trading symbol (relevant if your broker uses formats like EURUSDm or m.EURUSD).
SET UP A TRADE
- Max Slippage (points): 5 – Maximum allowed slippage is 0.5 pip.
- Max Spread (in pips): 0 – EA will not trade if spread exceeds 0 pips. Note: Most unlikely and could result in errors.
- Auto Start Trading: True – Automatically starts trading without manual initialization.
- Risk Mode: Medium – Operates on a medium risk level.
- Commission (per Lot): 0.0 – No commission is charged per lot.
- Hidden Take Profit: True – The take profit levels cannot be seen by the broker.
- Randomize Entry Price: False – Randomization of entry price is not enabled.
- Randomize Min/Max Deviation: 5 – Used when randomization is enabled.
- Randomize Min. Points Deviation: 50 – The random entry price can go as far as 5 pips.
GLOBAL RISK MANAGEMENT
- Magics to Use: (empty) – No magic number filtering is applied.
- Min Money Profit/Loss/Max: All = 0 – There are no restrictions on loss or profit at the system level.
- Max % Loss (Balance): 15.0 – EA will close trades automatically if losses exceed over 15% of the balance.
- Block New Sequences if Drawdown % >: 0.0 – Disabled; the EA will continue opening new trades regardless of the current drawdown.