Bank Trader VIP EA is an expert advisor designed for automated forex trading. Below is a comprehensive analysis of the settings configured in the provided screenshot, which helps traders understand the risk management, trade logic, and customization available with this EA.
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🔧 General Trading Settings
| Parameter | Value | Description |
|---|---|---|
| Select Pair | GBPUSD | Currency pair targeted by the EA. |
| Lot | 0.01 | Minimal fixed trading lot size, indicating low-risk micro lot trading. |
| TimeFrame | 15 Minutes | The EA operates on M15 chart for optimal signal generation. |
| Magic Number | 1111 | Unique identifier for trades opened by this EA. |
🚫 Risk Management Settings
| Parameter | Value | Description |
|---|---|---|
| Stop Loss | 0.0 | No stop loss set (⚠️ high risk if not managed via other methods). |
| Take Profit | 0.0 | No fixed TP; EA likely uses dynamic exit logic. |
| Max Loss Limit % | false | Max loss % cap is disabled. |
| Set Max Loss % | 25.0 | If enabled, would limit account drawdown to 25%. |
| Trailing Stop | false | Disabled, so profits are not protected dynamically. |
| Trailing Stop Start | 20.0 | (If enabled) Trailing starts after 20 pips. |
| Trailing Stop Step | 10.0 | Trailing adjusts in 10-pip steps. |
📈 Profit Handling & Exit Logic
| Parameter | Value | Description |
|---|---|---|
| Use Close at Pips Profit | true | Closes trades when a certain pip profit is hit. |
| Take Profit | 50 | Trades close at 50 pips profit. |
| Grid Trading Enabled | true | EA opens multiple orders at intervals (Martingale/Grid logic). |
| Grid Pips | 25.0 | Grid spacing of 25 pips. |
🧠 Advanced Logic & Private Parameters
Many parameters are labeled “Galaxy Profit Private“, suggesting hidden proprietary logic for:
- Trade entries
- Profit handling
- Close % logic
- Martingale or recovery system
- Hidden optimization
These are likely encrypted or masked by the EA developer to protect intellectual property.
🔁 Martingale Strategy
| Parameter | Value | Description |
|---|---|---|
| Martingale 2X | false | Classic martingale doubling is disabled. |
| Multiplier | 2.0 | Used if martingale were active. |
| Use Martingale 1,2,3,4 | false | Customized martingale sequence is also off. |
📊 Lot Size Customization
| Orders 1–11 Lots | 0.01–0.03 | Manual lot size per order in a grid/martingale sequence. Consistent with low-risk settings. |
🕐 Trade Time & News Filter Settings
| Parameter | Value | Description |
|---|---|---|
| Trade Time Terminal | false | No time restriction unless manually enabled. |
| Time Start | 00:15:00 | Start time for trading. |
| Time End | 09:00:00 | End time for trading. |
| Avoid News | true | EA avoids trading during news events. |
| News Time Before | 30 mins | Stops trading 30 minutes before news. |
| News Time After | 30 mins | Resumes 30 minutes after news. |
| News Impact Filter | High = true, Medium = false, Low = false | Avoids only high-impact news events. |
✅ Conclusion: Is Bank Trader VIP EA Safe and Effective?
🔍 Key Strengths:
- Low lot size & strict control per order (good for small accounts).
- News filter enabled for high-impact events.
- Grid trading strategy for flexible market entry.
- Time-filtered trading hours reduce overnight risks.
- Dynamic TP using pip profits (not fixed TP/SL).
⚠️ Potential Risks:
- No Stop Loss – Can lead to significant drawdowns if market trends against position.
- Martingale Logic (if enabled) – Hidden risk unless fully understood.
- Grid Trading – Needs careful balance; can be dangerous in trending markets.
- Many parameters are private/hidden – Less transparency for users.
📌 Final Verdict:
Bank Trader VIP EA appears to be a semi-aggressive trading robot that uses grid trading with smart profit targeting and news-time filters to minimize risk. While lot size is low and time filters are well-configured, the lack of SL and reliance on hidden logic suggests this EA is best suited for experienced users with solid account monitoring in place.
✅ Best For:
- Intermediate to advanced traders
- Small lot/grid strategy enthusiasts
- Users who can monitor trades or use VPS
❌ Not Recommended For:
- Absolute beginners
- Traders looking for full transparency
- Accounts with very low drawdown tolerance
