Expert Advisors Full details

How to Run EA on Chart

For full instructions on deploying the EA to a chart, please visit detailed blog post:

Running EA on Chart ,  Updating EA

The default setfile is generally the best option, but you can optimize it or find a setfile better suited to your broker. Additional setfiles will be available in our channels.

There is no minimum deposit required; however, it's recommended to use a risk of 1%  per trade, depending on your preference.

The link to join our MQL5 channel  :https://www.mql5.com/en/channels/forexmrsc

If you wish to join our Telegram channel, please ask me in private through MQL5 chat, and I will send you the link.

Inputs Details

Here are the detailed descriptions for each input:

• General setup
• Trading symbol list: defines which instruments (e.g., BTCUSD, ETHUSD) the EA is permitted to trade
• Main magic number setup: assigns a unique identifier to distinguish this EA’s trades from others
• EA order commentary: optional text tag added to orders for reporting or trade grouping
• Zoom factor: adjusts the on-screen display scaling of EA interface elements
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• Filter for news events
• Toggle high impact news filter on/off: restricts trading during high-risk economic announcements
• Toggle medium impact news filter on/off: disables trade execution near medium-impact news events
• Toggle low impact news filter on/off: adds protective delay around low-tier news releases
• Trading pause duration before news: defines how long before a news event trading should be paused
• Trading pause duration after news: sets the waiting time before resuming trading after a news event

• Activating the News Filter in MT4/MT5

      Open your trading terminal and select Tools > Options (or press Ctrl + O).

      Switch to the Expert Advisors tab.

      Enable Allow WebRequest for listed URL.

      Add https://nfs.faireconomy.media as the URL and save by clicking OK.

  
  
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• Trailing block
• Toggle TP removal after trailing stop: removes the take profit level once trailing becomes active
• Toggle closing part of order and trailing on/off: enables partial closure followed by a trailing stop
• Lot percentage to close at trailing start: defines how much of the position to close once trailing activates
• Trailing step in pips setting: sets the incremental step size by which the stop will follow the price
• ATR timeframe for trailing setting: selects the timeframe used for ATR-based trailing logic
• Ratio of SL setting for trailing: establishes the proportion of SL distance used before trailing begins
• Start after ratio of SL setting for trailing: specifies when trailing should start based on the SL ratio
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• Be settings
• Toggle breakeven on/off: activates breakeven logic to secure trades once price moves in profit
• Breakeven start distance setting: distance in pips after which breakeven is evaluated
• Breakeven extra pips setting: additional buffer added when moving SL to breakeven
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• Challenge setup
• FTMO randomizer option activated: slightly adjusts SL and TP to comply with proprietary trading firm constraints
• Pause trading for a certain number of bars after loss: delays further trades after a losing position to reduce risk
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• Risk section
• Set method for lot calculation: defines how trade volume is calculated — based on fixed size, balance, or risk models
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• Same order config
• Enable one trade per symbol: limits the EA to a single open position per trading pair
• Minimum distance between trades of the same pair: sets the spacing, in points, between entries on the same instrument