RED HAWK EA MT4 – Full Input Settings Analysis

Red Hawk EA is a completely automated trading system that employs a mean reversion strategy during silent market times. It trades nine currency pairs on the M5 timeframe with an emphasis on stability, low drawdown, and excellent risk management for hands-off trading.

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EA Settings 

• ShowInfoPanel: true – Displays the Info Panel on the chart while running the EA.
• Adjustment for InfoPanel Size: 1.0 – Factor for enlarging/shrinking the Info Panel (1.0 = normal size).
• Update InfoPanel During Testing: false – Avoids repeated Info Panel updates in test mode for faster testing.
• Comment: Red Hawk – Trade comment to distinguish this EA’s trades from other EAs.
• MagicNumber: 987001 – EA’s exclusive ID to identify its trades and avoid other EAs conflicts.
• OneChartSetup: false – True indicates that the EA can process multiple pairs from a single chart; false is one chart/pair per EA instance.
• OneChartSetup_Pairs: EURUSD; GBPUSD; AUDCAD; AUDJPY; EURAUD; EURCHF; USDCAD; EURGBP; USDCHF – Pairs used if OneChartSetup is true.
• Max Spread for Pending Order Entry: 18.0 – Maximum spread (18 points = 1.8 pips for 5-digit brokers) to make pending orders.
• Spread at Which Pending Orders Are Executed: 23.0 – Pending orders are executed if the spread is greater than 2.3 pips.
• Trade on Weekly Market Opening: true – Allows trading at the time the market opens during the week.
• Split Trade into X Smaller Trades: 1 – Number of trades to split into (1 = no splitting).
• Split Trade Based on Max Lot Size Y: 1.0 – Maximum allowable lot size per trade when splitting.

Lotsize Settings 

• AutoLotMode: use StartLots – Does not calculate lot size based on % risk; utilizes static value of StartLots.
• StartLots: 0.01 – Fixed lot size per order (used when % auto lot is disabled).
• Risk_Per_Trade: 0 – Percent of risk per trade; 0 stands for auto risk is turned off.
• LotsizeStep: 250 – Auto lot mode: increases the lot size by 0.01 for every additional 250 units of balance.
• Balance Selection for Auto Lot Size Calculations: use account balance – Uses balance as the basis for lot size (not equity).
• OnlyUp: true – Toggles to expand lot size only when balance rises; will not contract lot size if balance falls.

GMT Settings

• AutoGMT: true – Automatically detects the GMT offset of the broker (not used in backtesting).
• GMT Offset Winter: 2 – Gap in hours between the broker and GMT during winter.
• GMT Offset Summer: 3 – Difference in hours between the broker and GMT during summer.

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