What is SmartChoise MT5?
SmartChoise MT5 is an advanced Expert Advisor (EA) designed for aggressive, high-frequency trading, powered exclusively by a Neural Network Strategy. It implements a heavy recovery system (up to 10 trades) and utilizes Virtual Stop Loss/Take Profit for stealth trading, supported by strong news and time-based filters for controlled entry timing.
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Risk Management & Strategy Setup
| Parameter | Value | Explanation |
|---|---|---|
| Risk Level | Medium | Balanced risk setup; neither too aggressive nor too conservative. |
| Trading Style | Aggressive | Targets more frequent or higher-risk opportunities. |
| Wait for Better Profit | true | Waits for more favorable conditions before entry. |
| Neural Network Strategy | true | AI-based pattern recognition is enabled — boosts adaptive decision-making. |
| Support & Resistance | false | Not relying on classic S&R levels. |
| Candlestick Pattern Strategy | false | Candlestick signals not used in this strategy. |
| Trend Signal Strategy | false | No trend-following filters active. |
| Price Level Strategy | false | Disables horizontal level-based trades. |
✅ Conclusion: Only Neural Network strategy is enabled, indicating a machine-learning-driven system that avoids traditional technical setups for a more modern approach.
Safety & Trade Management
| Custom Balance for Risk | 2500.0 | EA bases calculations on a $2500 virtual balance. |
| Hard Stop % (EA trades) | 30.0 | Stops trading if losses reach 30% on EA trades. |
| Max Spread in Points | 0 | Uses current market spread automatically. |
| Max Recovery Trades | 10 | Allows 10 recovery trades — high-risk martingale-style system. |
| Trailing Stop Loss | 500 points | 50-pip virtual trailing SL — provides some protection. |
| Take Profit / Stop Loss | 0.0 (Disabled) | No fixed TP or SL — dynamic or trailing-based exit. |
| Break Even / Drawdown | 0.0 | No breakeven or max loss limit per trade — relies on recovery strategy. |
| Global TP | 0.0 | No global TP across account; trades are independent. |
| One Entry Across Charts | true | Limits to 1 simultaneous entry across all charts — reduces overexposure. |
| Max Open Trades | 0 | No max cap; may open unlimited trades unless limited elsewhere. |
⚠️ Observation: The system allows for high drawdowns and heavy recovery (10 trades), so it’s not recommended without tight broker spreads or a monitored VPS.
News Filters & WebRequest
| Block Low-Impact News | false | Takes trades during minor events. |
| Block Medium & High Impact| true | Trades are blocked around medium/high-impact news — strong safety filter. |
| Pause Time After News | 60 mins | EA waits 1 hour after news before resuming trades. |
📌 Tip: These settings help avoid volatility traps during economic events.
Trading Schedule by Day
| Trading Days Active | Mon to Fri | Trading is enabled all week, but time-restricted on: |
| | | Mon–Fri: 00:00–14:30, 16:00–24:00 — avoids news/opening volatility (14:30 = US market open). |
| Hour to Stop on Fridays | 0 | No early exit on Friday unless manually adjusted. |
⏱️ Conclusion: Smart trading hours avoid high-volatility periods and ensure controlled entry timing.
General & Utility Settings
| TP/SL Type | Virtual | Uses internal logic, not broker-side SL/TP — helps hide strategy. |
| Account Type | Standard | Typical retail MT5 account setup. |
| Magic Number | 7777777 | Unique identifier for EA trades. |
| Show Panel / Logs | Panel shown; logs off | Interface is visible for manual oversight. |
Advanced Risk Parameters
| Auto Lot Multiplier | 1.0 | Uses balance-based sizing (no risk scaling). |
| Trade Direction | Both | Allows BUY & SELL positions. |
| Fixed Lot Size | 0.0 | No fixed lots — autolot assumed. |
| Risk Per Trade | 0.0 | Disabled — EA uses its internal risk logic. |
| Min Profit for Recovery | 0.0 | No profit lock requirement for recovery trades. |
| Max Trade Delay (s) | 0.0 | No delay between trades. |
| Min Hold Time (min) | 0.0 | No enforced holding period. |
📌 Summary: Aggressive logic with recovery trading, AI-based entries, and virtual SL/TP. Suitable for experienced traders with tight spread brokers and VPS setups.
🧾 Final Conclusion: Is SmartChoise EA Worth Using?
SmartChoise EAis a powerful, neural-network-driven Expert Advisor for MetaTrader 5 designed for high-frequency, aggressive strategies. It offers deep control over trade management, recovery logic, and safety via news filters and virtual protection layers.
✅ Pros:
- AI-powered Neural Network strategy.
- Fully automated risk control and timing.
- Strong news filters to avoid volatile entries.
- Virtual trailing SL enhances stealth trading.
- High customization for pro traders.
⚠️ Cons:
- No fixed SL/TP — increases drawdown risk.
- Heavy recovery logic (up to 10 trades).
- No enforced profit or max loss per trade.
- Not ideal for beginners or small accounts.
