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WHITE HAT FX EA MT4 – Full Input Settings Analysis
WHITE HAT FX EA, developed by White Hat FX™, utilizes cutting-edge Artificial Intelligence (A.I) on MetaTrader 4. It excels in forex trading, particularly with currency pairs like GBPJPY and GBPUSD. Additionally, the EA extends its capabilities to cryptocurrency trading, with a focus on the BTCUSD pair, offering traders diverse opportunities across various asset classes.
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Order & Lot Size Management
- Lot Mode: Enable for Fixed Lot (0.01), Martingale (Level Lot), or Percent Lot.
- Grid System Settings:
- Take Profit = 10
- Step Grid = 10
- Martingale Multiplier = 1.3
- Stop Level = 4
- After Level Change Lot = 2
- Dual Side: Disabled → EA only uses one-way trades (Buy or Sell, depending on setup).
Capital Protection & Risk Control
- Equity Protection:
- Max Drawdown Risk in Money = 0 (not set).
- Day Profit Target in Money = 0 (not set).
- Close All Orders & Charts = On (EA will close trades when thresholds are reached).
- Max Trades / Hard Stop Loss: 0 → No maximum trade and no hard stop loss.
- Max Spread: 9000 → Extremely excessive, thus spread filter is essentially disabled.
Trading Tools & Filters
- Trailing Stop & Break Even:
- Trailing Start = 200
- Trailing Step = 200 (very big distance).
- Break Even = Disabled.
- Time Filter: On, but currently set to trade on each day of the week.
- News Filter: Current (through Investing.com) but Off.
- Indicator Setup:
- Moving Average: EMA 34 (on Open price).
- HILO Setup: Current timeframe, Period = 3.
Special Features & Customization
- Manual Order Grid: Can be enabled to allow a series of trades to be executed manually.
- Open New Orders: On (EA automatically sends orders).
- Close All Orders Now: Off.
- Line Colors: Red for various news events: Low (Green), Medium (Blue), High (Red).
- News Settings: Toggle for setting avoidance time before/after news (default 5 minutes).