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SOUTH EAST EA MT4 – Full Input Settings Analysis
South East EA is an expert advisor (EA) trading software developed for the MetaTrader 4 platform. It employs an innovative virtual trading algorithm and a multi-symbol control system to execute automated trades. The core strength of this software is its ability to preserve initial capital while sustainably growing investors’ funds. Specifically designed to generate profit in the Forex market, it utilizes a grid trading strategy based on moving averages and average true range .
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Manage Open Positions
- Trade Buy / Trade Sell: Enabled — EA can open buy and sell positions.
- Trade on New Bar: On — opens trades only at the start of a new candle to avoid noise.
- Continue New Cycle: On — starts a new trading cycle after the last one is closed.
- Aggressive Mode: Off — prevents too frequent order placement.
- Max Drawdown (% / No Max DD): 0 — there is no limit for maximum drawdown, with higher risk possibility.
- Stop New Cycle on Christmas & New Year: Off — runs on holidays.
- Start Multi-Symbol Control: On — can manage multiple symbols simultaneously.
- Max Pairs on Risk: 1 — single pair open at any given time.
Manage Virtual Pending Orders
- Working Timeframe: 1H — main timeframe for signal filtering.
- Open Next Virtual Grid on Trend Direction: Off — virtual grid entries are not trend direction dependent.
- Open Real Pending Order After Virtual Pending: 6 pips.
- Distance of Real Pending Order from Current Price: 20 pips.
- Step Size to Move Real Pending Order: 1 pip.
Lot & Money Management
- Lot Type: Martingale starting at 0.01 lot — increases lot size according to a mild martingale sequence.
- AutoLot: Off — fixed lot size is used.
- Manual Lot: 0.01 lot for the initial trade.
- Multiplier for Martingale 4: 1.6 — lot multiplier following a loss.
- Max Lots per Trade: 12 lots.
- Mandrate: 12 — EA-specific parameter.
Grid & SL/TP Management
- Step in Pips: 30 — grid order distance.
- Expanding Step Coefficient: 1.5 — progressively increasing step distance.
- Change Step: Off.
- Total Open Trades to Start Grid Trend: 6.
- Virtual Stop Loss: 30 pips.
- Virtual Take Profit: 200 pips.
- Trailing Type: Trailing 2 (trailing in pips).
- Trailing Start: 25 pips.
- Trailing Step: 5 pips.
- Break Even: Off.
Drawdown Reduction, Partial Close & Risk Control
- Auto Close Partial: Off — but a number of partial close modes (1, 2, 3) are pre-set.
- Min Profit to Close Partial: $2.
- Cut Loss in Money: Off.
- Cut Loss in %: Off.
- News Filter: On — news check every 120 minutes, avoids trading during high-impact events.
- Trade Time Limit: Off — EA trades 24/7.
- Max Spread: 5 pips.
- Slippage: 3 pips.
- Magic Number: 8055 — The identifier for EA orders.