PROJECT EVOLUTION BREAKOUT SCALPER EA MT4 – Full Input Settings Analysis

Project Evolution Breakout Scalper EA is one of the most advanced MetaTrader forex trading bots, including MT4. It will use a leading-edge scalping technique powered by Neural Networks and smart dynamic filters to precisely identify market swing periods. Commended for adaptability across different market situations, the EA integrates robust risk management features with using cutting-edge algorithms in finding optimal entry points for trades.

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Overview settings & EA initialization

• Name_Program:
  1 – EA identifier, useful when working with multiple EAs on the same terminal.
• Data_Backup_Every_N_Minutes:
  10 – Data will be backed up every 10 minutes by the system.
• Timer_in_Milliseconds (no deals):
  1000 – EA checks to see every 1000 milliseconds (1 second) when there are no deals.
• Timer_in_Milliseconds (has deals):
  50 – EA checks to see every 50 milliseconds when there are deals.
• System_Prints_Part1:
  true – Prints logs for part 1 (for monitoring or debugging).
• System_Prints_Part2:
  false – Disables log printing for part 2.
• 1.EURUSD / Buy:
  true – EA can open Buy positions on EURUSD.
• 1.EURUSD / Sell:
  true – EA can open Sell positions on EURUSD.
• 2.USDJPY / Buy:
  true – EA can open Buy positions on USDJPY.
• 2.USDJPY / Sell:
  true – EA can open Sell positions on USDJPY.
• Magic_Start / Finish:
  1 to 6 – EA will utilize magic numbers 1 to 6 for identifying trades.
• Symbols_Prefix_Name / Suffix_Name:
  (empty) – Empty unless your broker provides prefixes/suffixes (e.g., EURUSD.m or m.EURUSD).
• Select_Percentage_From_Free_Margin:
  Not_Use – Do not utilize margin percentage calculation.
• Percentage_From_Free_Margin:
  50.0 – Not used since the setting above is Not_Use.

Risk management & order entry strategy

• Risk_MM:
  true – Dynamic money management is on (risk based on account percentage).
• Custom_balance:
  true – Risk is calculated on both Free Margin and Balance.
• Percentage_Risk:
  15.0 – Each trade risks 15% of the account (very risky!).
• Correct_Lot_by_Spread:
  true – Lot size automatically corrected if spread is too large.
• Fixed_Lot:
  0.01 – Used only if Risk_MM is false.
• Trade_in_Low_Volatility:
  false – No trading in low volatility market conditions.
• Slippage:
  50 – Max slippage accepted (in points).
• Show_Info_Panel:
  true – Displays the main information panel on the left.
• Show_Right_Side_Info_Panel:
  true – Displays the additional information panel on the right.
• Select_Additional_Panel:
  Additional_Info_Panel_2 – The selected additional information panel.
• Use Custom Symbol:
  false – Does not employ custom symbol names.
• Spread adaptation to stop loss:
  true – Will adjust stop loss relative to the real spread.
• 1.EURUSD Max Spread:
  20 – The maximum EURUSD spread accepted (in points).
• 2.USDJPY Max Spread:
  20 – Maximum spread allowed for USDJPY.

Key Takeaways

• Advanced Scalping: This employs Neural Networks and dynamic filters to precisely pinpoint market swings and optimize entry points effectively.
• Market Adaptability: Works well in volatile as well as stable market conditions.
• Risk Management: Strong risk management is incorporated with optimized algorithms to safeguard capital and make more accurate trades.

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