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The Firestorm Odin EA MT4 – Full Input Settings Analysis

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The Firestorm Odin EA - 1

The Firestorm Odin EA - 1

The Firestorm Odin EA is a powerful trading robot designed for the MT4 platform, utilizing a combination of Price Action analysis and Support and Resistance strategies to identify trading opportunities. Its innovative approach makes it a reliable tool for traders aiming to achieve their financial goals. With successful performance on a live 200k prop firm and navigating FTMO challenge trials, the Firestorm Odin bot demonstrates its capabilities effectively.

Buy The Firestorm Odin EA product here

The Firestorm Odin EA - 1

General Settings & Capital Management

  • MMType: 1 – Money management mode; type “1” is normally fixed lot or percentage-based lot sizing.
  • UseAdd: true – Allows the EA to open additional trades (can be martingale or averaging).
  • LotExponent: 2.0 – Lot multiplier for new trades (aggressive martingale, doubles lot size each time).
  • Lots: 0.01 – Small starting lot size, but risk increases quickly due to 2.0 multiplier.
  • LotsDigits: 2.0 – Defines the number of decimal places for lot size.

Take Profit, Stop Loss & Trailing Stop

  • TakeProfit: 500.0 – Take-profit level per trade (likely in points).
  • StopLoss: 1000.0 – Stop-loss level per trade (likely in points).
  • TrailStart: 10.0 – Trailing stop is enabled when profit equals 10 points/pips.
  • TrailStop: 10.0 – Trailing stop distance to lock in profits.
  • PipStep: 30.0 – Distance between grid trades.

Trade Limits & Risk Control

  • MaxTrades: 10 – Max number of concurrent open trades.
  • UseEquityStop: false – Does not employ equity-based stop loss.
  • TotalEquityRisk: 20.0 – If enabled, closes EA when losses exceed 20% of account balance (currently disabled).
  • UseTrailingStop: true – Enables trailing stop to secure profits.
  • MaxTradeOpenHours: 48.0 – Closes trades if open for more than 48 hours.

Technical Parameters & Trade Conditions

  • Slip: 3.0 – Maximum slippage to open trades.
  • UseClose: false – Does not close all trades according to special conditions.
  • UseTimeOut: false – There is no time limitation for trade.

Link to buy The Firestorm Odin EA

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