Prop Firm Beater EA MT4

1. EA Time

These settings dictate the exact hours during which the expert advisor is permitted to scan the markets and open its very first initial trade position.

• EA Start (Default: "01:10"): The exact server time when the EA is allowed to begin executing new trading cycles.
• EA End (Default: "22:50"): The exact server time after which the EA will stop looking for new initial trade signals. Note: Running Martingale cycles will still be managed outside this window if a basket is already open.
  
  

2. Spread Filter

Protects your account from extreme execution costs, rollover hours, or sudden news events where price gaps can occur.

• Use Spread Filter (Default: true): Enables or disables protection against high spreads.
• Max Spread (Default: 30): The maximum allowable spread in points (3.0 pips) for a trade to open. If the current spread exceeds this value, new orders are blocked.
  
  

3. EA Settings (2 trades strategy)

When a market goes against the 1st initial trade, then EA opens 2nd recovery trade to lower the break-even point.

• Lot Size (Default: 0.15 for 10K): The volume allocated to the very first trade (Level 0) of a new sequence.
• Multiplier (Default: 1.8): The multiplier applied to lot sizing as the grid deepens. For example, if a basket goes past the initial safe recovery levels, subsequent lots will be progressively scaled up by this multiplier to ensure a rapid cash exit.
• Max Levels (Default: 2): The strict maximum number of total averaging trades allowed to open in a single direction. This parameter acts as a critical safety wall preventing runaway lot expansions.
• Distance (Default: 300): The base distance in points (30 pips) required before the EA can place the next averaging trade.
• Distance Multiplier (Default: 1.2): A dynamic grid expander. With each progressive level, the required distance for the next trade is multiplied by this factor (e.g., Level 1 requires 30 pips, Level 2 requires 30 × 1.2 = 36 pips). This helps avoid adding positions too rapidly during strong trends.
  
  

6. Profit Settings

Manages the global exit strategies for individual currency baskets based on physical cash profits rather than standard point-based targets.

• Use AutoCash Profit (Default: true): Automatically scales your fixed cash target relative to your chosen Lot Size. It uses a base reference of 0.01 lots. If you scale up your start lot, your profit targets automatically adjust proportionally.
• Take Profit Cash (Default: 1.0): The base cash profit target (e.g., $1.00) required to close out a single open order.
• Use Extra Profit (Default: true): Extra profit for 2nd recovery trade. When enabled, it boosts the cash target requirement for every extra basket level opened, ensuring that the extra risk taken yields higher returns.
• Extra Profit Per Level (Default: 0.5): The additional cash profit amount added to the primary target for 2nd recovery trade in the basket.

7. Indicators (Entry Filters)

The primary momentum engine that dictates exactly when the EA places a Buy or Sell order.

• Use RSI (Default: true): Activates the Relative Strength Index filter.
• RSI Period (Default: 14): The historical bar lookback period for calculating RSI.
• RSI Buy (Default: 25): The oversold trigger level. The EA will look for buying opportunities only when the RSI drops below this line.
• RSI Sell (Default: 75): The overbought trigger level. The EA will look for selling opportunities only when the RSI climbs above this line.
  
  
• Use Momentum (Default: true): Utilizes a technical Momentum indicator cross-reference.
• Momentum Setting (Default: Fast): Dropdown options (Fast, Medium, Slow) determining the lookback sensitivity of the momentum line.
• Momentum Threshold (Default: 75): The directional barrier that current asset momentum must clear to confirm validation for entry signals.
  
  

8. Extra Filters

Advanced protective filters used to smooth out entries and prevent trading during hazardous market spikes.

• Use Candle Delay (Default: false): Restricts the placement of back-to-back trades within the same candle space.
• Candle Delay (Default: 2): The forced delay measured in closed bars before the system is allowed to open another trade in sequence.
  
  
• Use ATR Spike Protector (Default: false): Market spike protector filter. Uses the Average True Range indicator to detect abnormal market volatility or flash-crash scenarios.
• ATR Period (Default: 14): Lookback period used to establish an average historical candle size baseline.
• ATR Multiplier (Default: 1.5): Spike threshold multiplier. If a current live candle exceeds the standard ATR baseline multiplied by this factor, the EA flags a "spike" anomaly and temporarily freezes order execution to avoid trading into highly erratic conditions.

9. Other Settings

• Magic Number (Default: 1000): A unique numerical stamp attached to every order. This ensures the EA only manages its own trades and does not interfere with other EAs running simultaneously on your account.
• EA Comment: A custom text tag you can assign to your positions for clear tracking within your MetaTrader account history terminal.