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Richter EA MT4 – Full Input Settings Analysis
Richter EA is a sophisticated Expert Advisor for the MetaTrader 4 (MT4) platform that mechanizes both trading and market analysis. With the help of sophisticated algorithms and a custom real-time indicator suite, it adapts dynamically to the movement of the market by closing existing trades and entering new trades in line with trend reversals, delivering precise data-driven trading.
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Volume Trading Management
- ModificationPips: true – Automatically renews SL/TP levels when price moves by a set number of pips.
- FixLot: 0.01 – Fixed lot size per order when money management is disabled.
- MoneyManagementOn: true – Enables automatic money management mode.
- MoneyManagement: 20.0 – Often indicates the risk percentage or a multiplier for lot size calculation based on account balance.
Order logic and indicators
- CountSeria: 12 – Number of candles or periods used to calculate the signal.
- CorrectionLong (0=off): 1 – Buy signal correction mode is enabled.
- LengthJAW: 242, LengthTEETH: 195, LengthLIPS: 1225 – Probable Alligator indicator parameters (Bill Williams) used for trend filtering.
- LengthDEVIATION: 5.2 – Deviation value, maybe for Bollinger Bands or any other such indicator.
- CountWRAP: 9197 – Special parameter, maybe data length or amount of candle periods to review.
Risk management & order closing
- TakeProfit: 500 – Take profit fixed in pip points (500 = 50 pips for 5-digit brokers).
- StopLoss: 900 – Fixed stop loss in pip points (900 = 90 pips).
- tStart: 100 and tStop: 600 – Likely sets the EA’s active trading time interval (in minutes, seconds, or specified time format).
- ActivateBuy: true – enables buy trades.
- ActivateSell: true – Enables sell trades.