Smart Machine MT4 v3.4.9 + SetFiles (Platform build 1476+)

Smart Machine MT4 Settings Guide

Smart Machine EA is an automated Expert Advisor designed around an averaging-based trading strategy, configurable money management, position scaling, Take Profit control, risk restrictions, trade identification, statistics display, and execution-slippage management.

The supplied configuration uses MoneyManagementType = 1, Multiplikator = 1.6, Constant Lot = 0.01, TakeProfit = 28.0, Step = 75.0, and allows up to 100 orders with a maximum lot size of 99.99. The EA also includes a risk-management function designed to close positions when a specified level is reached.

Smart Machine MT4 Settings Panel

Smart Machine MT4 Settings Explained

Strategy Settings

🔹 Strategy: Averaging 1 – OFF. 2 – ON. — Defines the averaging strategy mode, where 1 = OFF and 2 = ON.

🔹 MoneyManagementType: 1 — Sets the money-management mode to 1. The screenshot does not provide a description of the exact calculation associated with this numeric mode.

🔹 Multiplikator: 1.6 — Sets the position-sizing multiplier to 1.6, used by the EA’s internal money-management or averaging logic.

🔹 InitialLot: Volume of the first position — Describes the Initial Lot parameter as the volume of the first position.

🔹 TypeSelection: true – Constant, false – From the balance — Defines how the initial lot type is selected: true = Constant and false = From the balance.

🔹 Constant_or_Balance: true — Selects the Constant option because the value is true, according to the TypeSelection description.

🔹 ConstantLot: 0.01 — Sets the constant initial lot size to 0.01 lots.

🔹 Percentage_Of_Autolot_Volume: 10.0 — Sets the percentage used by the automatic-lot volume calculation to 10.0.

Take Profit & Grid Settings

🔹 TakeProfit: 28.0 — Sets the Take Profit parameter to 28.0 according to the EA’s internal price-distance unit.

🔹 Step: 75.0 — Sets the configured spacing/step between relevant averaging entries to 75.0 according to the EA’s internal calculation.

🔹 MaxOrders: 100 — Sets the maximum number of allowed orders to 100.

🔹 MaxLots: 99.99 — Sets the maximum permitted lot size to 99.99 lots.

Risk Management Settings

🔹 Riskmanagment: Closing all positions when the specified level is reached — Describes the EA’s risk-management mechanism as closing all positions when the specified level is reached.

🔹 Use_Restrictions: false — Disables the configured restriction mechanism.

🔹 Limit Size: 50.0 — Sets the restriction/risk limit size to 50.0. Because Use_Restrictions = false, this restriction is not currently enabled according to the displayed settings.

Trade Identification & Statistics

🔹 Magic: 623 — Assigns 623 as the EA’s Magic Number for identifying Smart Machine MT4 trades.

🔹 Statistics: Demonstration of the Statistics — Identifies the Statistics section and indicates that it is intended to demonstrate trading statistics.

🔹 ShowStatistics: true — Enables the display of trading statistics.

Parameter & Execution Settings

🔹 parameters: (true-ON,false-OFF) — Defines the parameter convention used by the EA: true = ON and false = OFF.

🔹 Slippage: 50 — Sets the configured maximum execution slippage to 50 according to the EA’s internal slippage unit.

Key Configuration Highlights

🔹 Strategy: Averaging 1 – OFF. 2 – ON.

🔹 Money Management Type: 1.

🔹 Position Multiplier: 1.6.

🔹 Initial Lot Description: Volume of the first position.

🔹 Lot Selection: TypeSelection = true, corresponding to the Constant option.

🔹 Constant Lot: 0.01.

🔹 Auto-Lot Percentage: 10.0.

🔹 Take Profit: 28.0.

🔹 Step: 75.0.

🔹 Maximum Orders: 100.

🔹 Maximum Lot Size: 99.99.

🔹 Risk Management: Configured to close all positions when the specified level is reached.

🔹 Restrictions: Disabled with Use_Restrictions = false.

🔹 Restriction Limit: 50.0.

🔹 Magic Number: 623.

🔹 Statistics Display: Enabled with ShowStatistics = true.

🔹 Slippage: 50.

Risk Management Analysis

🔹 Initial Position Size: With TypeSelection = true and Constant_or_Balance = true, the displayed configuration selects the constant-lot approach, using ConstantLot = 0.01.

🔹 Position Multiplier: Multiplikator = 1.6 is an important parameter for the EA’s position-sizing/averaging logic and can increase exposure when applied to subsequent positions.

🔹 Order Capacity: MaxOrders = 100 provides a high maximum order allowance, meaning the EA’s internal strategy can potentially maintain a large number of positions if its conditions permit.

🔹 Maximum Lot Exposure: MaxLots = 99.99 establishes the configured upper lot-size limit.

🔹 Averaging Step: Step = 75.0 determines the configured spacing used by the averaging logic.

🔹 Risk Restriction: Use_Restrictions = false means the Limit Size = 50.0 restriction is currently disabled.

🔹 Global Risk Closure: The Risk Management description states that all positions can be closed when the specified risk level is reached.

🔹 Execution Control: Slippage = 50 provides a configured execution-deviation tolerance.

Conclusion

Smart Machine MT4 provides a flexible automated trading configuration centered on averaging, position sizing, Take Profit management, order limits, risk protection, and execution control.

The supplied settings use a 0.01 constant lot, with Multiplikator = 1.6, TakeProfit = 28.0, and Step = 75.0. The EA allows a maximum of 100 orders and a maximum configured lot size of 99.99.

Risk management is also included, with the configuration specifically describing a mechanism for closing all positions when the specified level is reached. However, the separate restriction function is disabled through Use_Restrictions = false, even though Limit Size = 50.0 is configured.

The EA uses Magic = 623 for trade identification and has ShowStatistics = true, allowing trading statistics to be displayed. The execution configuration also includes Slippage = 50.

Because the setup includes an averaging structure, a 1.6 multiplier, 100 maximum orders, and 99.99 maximum lots, traders should carefully evaluate potential exposure during prolonged adverse market conditions. The exact behavior of MoneyManagementType = 1 and the precise units of TakeProfit = 28.0, Step = 75.0, and Slippage = 50 should be confirmed from the EA’s documentation or through controlled backtesting.

FAQs

❓ What strategy does Smart Machine MT4 use?

The configuration identifies its strategy as Averaging, with the parameter description “1 – OFF. 2 – ON.”

❓ What is the initial lot size?

The EA is configured with TypeSelection = true and Constant_or_Balance = true, selecting the constant-lot approach with ConstantLot = 0.01.

❓ What are the Take Profit and Step settings?

The configured TakeProfit is 28.0 and Step is 75.0. Their exact units depend on the EA’s internal calculation.

❓ How many orders can Smart Machine MT4 open?

The configured MaxOrders = 100, while the maximum lot-size parameter is MaxLots = 99.99.

❓ Does Smart Machine MT4 have risk protection?

Yes. The configuration describes risk management as closing all positions when the specified level is reached. However, Use_Restrictions = false, so the separate Limit Size = 50.0 restriction is currently disabled.