๐งฉ What is Market Reversal Alerts EA?
The Market Reversal Alerts EA for MT4 is configured as a fully automated reversal-based trading system, designed to trade both buy and sell signals using market orders. The settings shown indicate a conservative, fixed-risk approach, with most advanced filters and aggressive features intentionally disabled to prioritize stability and signal clarity.
This configuration is suitable for traders who prefer clean reversal entries, fixed SL/TP, and minimal trade stacking.
๐งฉ Trade & Execution Settings
Core Trading Logic
- Trade Direction: Both Buy & Sell
- EA Mode: Trading Mode (fully automated)
- Entry Method: Initial Reversal Alert
- Trading Style: Market Orders
- Close Trades on Opposite Signal: Disabled
๐ Analysis:
The EA strictly follows initial market reversal alerts without closing trades on opposite signals. This avoids over-trading and reduces whipsaw effects in ranging markets.
๐งฉ Money Management & Lot Sizing
Risk Control
- Lot Sizing: Fixed
- Fixed Lot Size: 0.10
- Balance / Equity Mode: Account Balance
- % Balance to Risk: 1.0 (not active due to fixed lot mode)
๐ Analysis:
Using a fixed lot size ensures predictable exposure and is ideal for small to medium accounts or strategy testing. This setup avoids compounding risk during drawdowns.
๐งฉ Stop Loss & Take Profit Management
Fixed SL/TP
- Stop Loss: 50 pips
- Take Profit: 50 pips
- SL Mode: Fixed
- TP Mode: Fixed
๐ Analysis:
A 1:1 risk-to-reward ratio provides balanced trade management. This works best in markets with consistent reversals and avoids dependency on extended trends.
๐งฉ Advanced SL/TP Options (Disabled)
- ADR SL/TP: Configured but not active
- High/Low SL/TP: Configured but not active
- Max Stop Loss Allowed: 9999 (effectively unlimited)
๐ Analysis:
Although ADR and High/Low logic are available, they are disabled, indicating a simple and robust fixed-pip approach rather than dynamic volatility-based exits.
๐งฉ Time Filter Settings
- Time Filter Enabled: No
- Configured Trading Window: 10:00 โ 20:00 (inactive)
๐ Analysis:
The EA is allowed to trade 24/5, which increases opportunity but may expose trades during low-liquidity sessions. Suitable for traders who monitor performance across sessions.
๐งฉ Market Reversal Indicator Settings
- Use Candle Wicks: Enabled
- Aggressive Mode: Disabled
- Number of Re-test Bars: 1
- HTF Direction Filter: Disabled
๐ Analysis:
This setup favors price rejection (wicks) at reversal points and avoids aggressive multi-signal entries. It focuses on quality over quantity.
๐งฉ RSI & HTF RSI Filters
- RSI Filter: Disabled
- HTF RSI Filter: Disabled
- RSI Period: 14
- RSI Levels: 68 / 32
๐ Analysis:
RSI parameters are predefined but not active. This suggests the strategy relies more on price action and reversal structure rather than momentum oscillators.
๐งฉ Basket Trading & Grid Features
- Max Buy Orders: 0
- Max Sell Orders: 0
- Multi-Direction Basket: Disabled
- Minimum Distance Between Orders: 20 pips
๐ Analysis:
Basket and grid-style trading are effectively disabled, confirming this is a single-trade, non-martingale EA, which significantly lowers drawdown risk.
๐งฉ Alerts, Screenshots & Notifications
- Entry Alerts: Disabled
- Exit Alerts: Disabled
- Email / Push / Popup Alerts: Disabled
- Screenshots: Disabled
๐ Analysis:
The EA is configured to operate silently, suitable for VPS deployment without manual intervention.
๐งฉ Drawdown Control & Partial Profits
- Drawdown Control: Disabled
- Partial Close: Disabled
- Profit/Loss Closure by Money or ADR: Disabled
๐ Analysis:
This reinforces the simple fixed-rule trading model, without equity-based intervention.
๐งฉ Spread & Market Filters
- Spread Filter: Disabled
- Max Spread (if enabled): 10 points
- Daily High/Low Filters: Disabled
- ADR Filter: Disabled
๐ Analysis:
The EA does not restrict trading during high spreads or key price levels, increasing trade frequency but requiring a low-spread broker for optimal performance.
๐งฉ Trailing Stop & Breakeven
- Trailing Stop / Breakeven: Disabled
- Configured (Inactive):
- Breakeven at +10 pips
- Trailing Stop: 40 pips
๐ Analysis:
Trades are allowed to reach full TP or SL without interference, which aligns with pure reversal trading logic.
๐งฉ Final Conclusion
โ Strengths
- Clean reversal-based strategy
- Fixed SL/TP for consistency
- No martingale, no grid, no over-exposure
- Suitable for beginners and conservative traders
- VPS-friendly and low maintenance
โ ๏ธ Limitations
- No adaptive volatility management
- No spread or session filtering
- Fixed 1:1 R:R may limit long-term expectancy in strong trends
๐งฉ Overall Verdict
This Market Reversal Alerts EA MT4 configuration is optimized for stable, low-risk reversal trading, emphasizing simplicity, capital preservation, and signal quality. It is best suited for traders who prefer manual optimization later, starting from a solid and disciplined baseline setup.
