PRADO EA MT4 – Full Input Settings Analysis

PRADO EA is a MetaTrader 4 stable expert advisor that specializes in trading pending orders with stop loss and take profit levels simultaneously. It features a universial trailing stop and does not employ risky strategies like grids or averaging. Prado intraday trades on trend levels only with USDJPY on H1, with the minimum deposit set at $100 for affordability without compromising safety and efficiency.

Buy PRADO EA product here

GENERAL CONFIGURATION & TRADING CONDITIONS 

• Quick_Testing: false – Quick testing mode is disabled.
• Optimization: false – Parameter optimization is turned off.
• Year / Month / WeekOfYear / DayOfWeek / Strategy: Default values – No time interval or trading strategy is defined.
• TimeBroker (UTC+): 3 – The time of the broker’s server is GMT+3.
• SleepMilliseconds: 100 – There is a 100-millisecond wait between processing cycles.
• SpreadMax: 30 – Maximum allowed spread is 30 points (3.0 pips).
• Slippage: 30 – The slippage allowed is also 3.0 pips.
• DeleteObjectsFromChart: false – The EA won’t delete objects from the chart automatically.
• DeviationCoefSL: 2.0 – Volatility-based multiplier to adjust Stop Loss.

ALLOWED TRADING TIMES 

• Months for Trading:
  The EA is set to trade round the year and all the months from January to December are selected as true.
• Weeks of the Trading Year:
  The trading is enabled on every week except those selected below. The selected below weeks are disabled for high-risk or random market behavior.
  Week 8, Week 30, Week 36, Week 39, and Week 52
• Trading Days of the Week:
  Trading is enabled from Monday to Thursday as true.
  Friday to Sunday are disabled (false) — to avoid volatility and risk associated with the market over the weekend and at the end of the week.

CONFIGURATION OF 4 TRADING STRATEGIES

• Risk:
  Each trade carries a risk of 0.75% of the account.
  Take Profit Coefficient:
  16.0 – applied to calculate take-profit levels based on strategy logic.
• Stop Loss Coefficient:
  Approximately 0.17 to 0.18 – regulates stop-loss level compared to signal structure.
• Open Order Coefficient:
  Approximately 2.0 to 2.2 – perhaps used to filter or delay order entries.
• Magic Numbers:
  Various magic numbers define strategies: 1, 2, 3, and 4.
• Time Frames:
  Strategies S1 and S2 operate on the Daily chart.
  Strategies S3 and S4 operate on the 1-Hour chart.
• Bar Count:
  S1 uses 2 bars for confirmation of the signal.
  S2, S3, and S4 use 28 bars.
• Evening Trading Hours:
  The main entry period is set between 18:00 and 22:00 (broker/server time).
• Close Orders Time:
  All open trades are closed by 23:00.
• BoomMin / BoomMax / TotalBoomStep
  These are internal coefficients to capture sharp price movements (either up or down), likely connected to price and volume activity.

Link to buy PRADO EA