🚀 Getting Started with Your Forex EA Like a Pro!
Welcome, trader! 👋 Whether you're just getting your feet wet in the forex ocean 🌊 or you're a seasoned pro with a fleet of EAs cruising through the markets 🚤📊 — this guide is for you!
Let’s break down the setup process and key features of running your Expert Advisor (EA) like a total boss. 😎💼
📌 Step 1: One Chart to Rule Them All 🖥️📈
You only need to attach the EA to one chart — yes, just ONE. It can be any pair, any timeframe ⏰ — the EA is smart enough to detect what it needs automatically.
👉 No fiddling with 10 charts.
👉 No multi-window chaos.
👉 Just plug in and go! ⚡
⚙️ Key Input Settings (Made Fun 🎉)
Your EA is like a car 🏎️ — and these are your dashboard controls:
main settings
- pairs — Defines which symbols or indices the EA will trade .
- define magic number — Unique identifier that tags trades placed by this EA.
- comment — Adds a custom comment to each order for easier tracking.
signal parameters
- max spread allowed — Sets the maximum allowed spread for placing new trades.
signal logic
- account shield (sl enforced on every order) — Ensures every trade includes a stop loss, suitable for prop-firm safety rules.
- profit type setting — Defines whether profit targets are based on USD value or percentage of account balance.
- total profit (usd) setting — Sets the dollar-based profit goal for the signal system.
- total profit % setting — Sets the profit goal as a percentage of total account balance.
lot and risk management
- determine lot calculation method — Defines how lot size is calculated (fixed, percentage, or adaptive).
- trade percentage risk — Percentage of the account balance to risk per trade.
- fix lot value — Specifies a constant lot size for all trades.
- disable smart risk calc — Disables automatic risk recalculation to maintain consistent lot size.
time-based trading
- trading start time setup — Defines when the EA begins trading each day (e.g., “01:00”).
- trading end time setup — Defines when trading stops each day (e.g., “23:30”).
technical microstructure
- helps align backtest/live microstructure — Ensures consistent price sampling between live and backtesting environments by defining tick window timing (ms).
drawdown protection
- define maximum drawdown allowed — Sets the maximum equity drawdown limit (in %) beyond which no new trades are opened.
- close open orders on max draw down — Closes all running trades once drawdown exceeds the specified threshold.
news detection logic
- activate high impact news filter feature — Suspends trading around major economic news events.
- activate medium impact news filter feature — Prevents new trades during medium-level news events.
- activate low impact news filter feature — Adds protection for lower-impact news announcements.
- define pause duration before news for trading — Specifies hours to avoid trading before scheduled news.
- define pause duration after news for trading — Specifies hours to avoid trading after news releases.
How to enable news filter in MT4/MT5
- Go to Tools > Options (or press Ctrl + O ).
- Select the Expert Advisors tab.
- Tick Allow WebRequest for listed URL.
- Add this URL: https://nfs.faireconomy.media and click OK.
💰 Lot Sizing & Risk Control
You’ve got two main paths here:
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🧊 Fixed Lot – Set a specific lot size (e.g., 0.05). Simple and predictable.
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🔥 Set risk by balance – Choose a % risk per trade (e.g., 1.5%). The EA adjusts the lot size based on your account equity 💹.
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📢 Stay Connected & Get Freebies! 🎁📲
Want exclusive updates, EA improvements, and even some 🎉 gifts along the way?
👥 Join the community through these two awesome channels:
💬 Telegram Channel
👉 For access, PM me directly on Telegram!
📩 I’ll send you the invite link — it's private.
📈 MQL5 Channel
🌐 Click here to follow on MQL5
Get notified when updates drop, new features go live, and cool resources are released!
Both channels are your go-to places for:
🛠️ EA updates
🧠 Strategy tips
🎁 Free indicators & tools
💬 Community insights
🌟 Final Words
Setting up your EA doesn’t have to be boring or complex. With the right inputs and mindset, your bot becomes a trading companion 🤝 — not a headache!
🎛️ Tweak settings
🔐 Manage risk
🧘♂️ Let automation do the heavy lifting!
And remember: Discipline > Fancy Strategies. Always. 💯
