Welcome aboard! Follow these instructions carefully to ensure your trading algorithm operates with peak precision and maximum efficiency.
1. ⚙️ Magic Numbers & Multi-EA Compatibility
Running multiple automated systems on the same MT5 account? No problem at all! Our EA is engineered to operate seamlessly alongside other robots.
- The Golden Rule: Assign a unique Magic Number to each active EA in the input settings.
- This ensures your system tracks, opens, and closes its own trades independently without interfering with other running strategies!
2. ⚡ Simple Symbol & Prefix/Suffix Formatting
Configuring target assets inside EA inputs is completely stress-free:
- Smart Auto-Detection: You do not need to enter broker-specific prefixes or suffixes (such as .m , # , or pro ). The algorithm adapts to your broker's exact naming convention automatically!
- Example: If your broker displays the pair as EURUSD.m , simply enter EURUSD into the input field.
3. 🎯 Finding the Ultimate Setfile & Prop Firm Optimization
- Out-of-the-box Ready: The default settings are pre-optimized and serve as the best all-around configuration.
- Customization: You can fine-tune parameters to match your specific broker's spread and execution speed. Secondary setfiles will be regularly posted in our official channels.
- Prop Firm / Funded Accounts: Managing a funded account? Contact me privately! I will send you a specialized, low-drawdown Prop Firm Setfile customized for strict risk rules.
4. 🎁 Claim Your Exclusive Bonus EA After Purchase!
We love rewarding our traders! Once you've completed your purchase:
- Send me a private message with a screenshot of your purchase confirmation.
- As a special thank-you, I will send over an exclusive Bonus EA absolutely free!
5. 🛠️ Launching Your EA on a Chart
- Total Freedom: You can attach the EA onto any symbol or any timeframe chart! The system detects market context automatically.
- Full Setup Details: View the complete visual guide here: https://www.mql5.com/en/blogs/post/751359
6. 📰 How to Enable the News Filter in MT5
To safeguard your account from news volatility, enable WebRequests:
- Open MT5 and go to Tools ➔ Options (or press Ctrl + O ).
- Click on the Expert Advisors tab.
- Check the box for "Allow WebRequest for listed URL:".
- Add this exact URL: https://nfs.faireconomy.media
- Click OK to save.
7. 📢 Joining Our Exclusive Channels
- MQL5 Official Channel: Join directly via our official link: https://mql5.com/en/channels/jenniferpaolafx
- Private Telegram Group: Send me a private chat message on MQL5 to receive your private Telegram invite link!
8. 🛡️ Risk Management & Recommended Deposit
- Minimum Balance: You can start with as little as $100 USD.
- Risk Recommendation: We strongly advise sticking to Low-Risk settings—consistency and capital preservation always win over aggressive leverage!
9. 🔄 Keeping Your EA Updated
Stay up to date with new feature releases and optimizations:
- Complete Update Instructions: Read the step-by-step update guide here: https://www.mql5.com/en/blogs/post/754548
10. 📊 Backtesting Your Strategy Accurately
Want to run historical simulations before trading live?
- Get Exact Presets: Contact me directly to receive the correct .ini configuration file. Loading this into the MT5 Strategy Tester ensures accurate execution settings, spread modeling, and inputs!
🎛️ Detailed Input Parameter Guide
Currencypairs:
Defines the currency pairs or trading symbols that the EA will monitor and trade. You can specify one or multiple symbols depending on your trading setup. Make sure the selected symbols are available through your broker and that their names match the broker's specifications.
Auto-recognize suffix/prefix:
Automatically detects broker-specific symbol prefixes and suffixes, such as XAUUSD.a, XAUUSDm, or mXAUUSD. This allows the EA to recognize the correct trading symbols without requiring you to manually enter broker-specific symbol variations.
Magic number:
Sets the unique identification number used by the EA to recognize and manage its own trades. This helps distinguish its positions from manually opened trades and positions belonging to other Expert Advisors. If you run multiple EAs or instances on the same account, using different magic numbers helps prevent unwanted trade management conflicts.
Set commentary for ea orders:
Defines the comment attached to orders opened by the EA. This makes it easier to identify the source of each position directly from your trading terminal, especially when multiple Expert Advisors or trading strategies are running simultaneously.
Max spread:
Sets the maximum acceptable market spread for opening new trades. If the current spread exceeds the configured value, the EA will avoid entering the market until trading conditions improve. This helps prevent entries during periods of low liquidity, increased volatility, or temporary broker spread expansion.
Filter signals with bull & bear power:
Enables or disables the Bull and Bear Power indicator as an additional signal filter. When activated, the EA considers buying and selling pressure when evaluating potential trading opportunities. This helps assess which side of the market currently has greater strength and can filter out signals that do not meet the indicator's conditions. You can also use a separate timeframe for this filter to evaluate market pressure from a higher timeframe.
Normalizes cost model in quiet times:
Defines the minimum effective spread threshold used by the EA when evaluating trading costs during periods of unusually low market activity. This helps prevent the spread-cost calculations from becoming unrealistically small when market conditions are exceptionally quiet. It provides a more consistent cost model between different market conditions and can improve the reliability of spread-related calculations in both backtesting and live trading.
Enabling news filter:
Enables or disables the economic news filter. When activated, the EA uses its news-filtering mechanism to avoid opening new trades around scheduled economic announcements. This can help reduce exposure to sudden price movements, unexpected volatility, and spread expansion during important news releases. Open your MT5 terminal and navigate to Tools → Options (or press Ctrl + O). Select the Expert Advisors tab, enable Allow WebRequest for listed URL, then add https://nfs.faireconomy.media to the list and click OK to save your changes.
Lot calculation method setup:
Determines how the EA calculates the trading volume for new positions. Depending on the selected method, the EA can use a predefined fixed lot size or an automatic risk-based calculation. Risk-based methods adjust position sizing according to the selected risk-management settings, while fixed-lot methods maintain a consistent trading volume.
Risk % per trade:
Defines the percentage of account capital allocated as risk for each trade when a percentage-based risk calculation method is selected. For example, setting this value to 1 means the EA will calculate position sizes based on a 1% risk allocation per trade. The actual lot size is determined by the relationship between the calculated risk amount and the trade's Stop Loss distance.
Static lot size:
Defines the fixed position volume used when the static lot calculation method is selected. For example, setting this value to 0.01 means the EA will use a fixed volume of 0.01 lots for each applicable trade. This option provides direct control over position sizing without relying on automatic risk calculations.
Not open orders after max draw down:
Defines the maximum account drawdown percentage allowed before the EA stops opening new trades. Once the configured drawdown threshold is reached, the EA activates its drawdown protection and restricts additional entries. This is particularly useful for prop-firm accounts where maintaining drawdown within strict limits is essential.
Apply close on drawdown:
Enables or disables automatic position closing when the maximum drawdown threshold is reached. When enabled, the EA can close its managed open positions once the configured drawdown condition is triggered, providing an additional layer of account protection. When disabled, the drawdown restriction can prevent new entries without automatically closing existing positions.
Enable prop trading mode(auto smaller sl for all orders):
Enables the dedicated prop-trading mode, which disable risky trading strategy
